CIBC Capital Markets Europe S.A. Makes New $102.82 Million Investment in Netflix, Inc. $NFLX

Key Points

• CIBC Capital Markets Europe acquired 1.44 million Netflix shares worth approximately $102.8 million in the second quarter, making Netflix its third-largest holding and representing 13.8% of its portfolio. Institutional investors collectively own 80.93% of Netflix.
• Netflix insiders sold 213,595 shares worth approximately $15.8 million over the past 90 days, including sales by Director Bradford Smith and CEO Gregory Peters.
• Netflix reported quarterly EPS of $0.80, narrowly beating estimates, while revenue rose 13.4% year over year to $12.56 billion. Analysts maintain a “Moderate Buy” consensus with an average price target of $96.65, above the reported $82.67 share price.

CIBC Capital Markets Europe S.A. acquired a new position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,440,030 shares of the Internet television network's stock, valued at approximately $102,818,000. Netflix accounts for about 13.8% of CIBC Capital Markets Europe S.A.'s holdings, making the stock its 3rd biggest position.

Other hedge funds also recently modified their holdings of the company. Shepherd Street Advisors LLC purchased a new stake in shares of Netflix during the fourth quarter valued at approximately $2,216,000. University of Texas Texas AM Investment Management Co. lifted its holdings in Netflix by 798.5% during the fourth quarter. University of Texas Texas AM Investment Management Co. now owns 42,542 shares of the Internet television network's stock worth $3,989,000 after acquiring an additional 37,807 shares during the period. New Mexico Educational Retirement Board boosted its position in Netflix by 900.0% in the fourth quarter. New Mexico Educational Retirement Board now owns 192,210 shares of the Internet television network's stock worth $18,022,000 after purchasing an additional 172,989 shares during the last quarter. Ritholtz Wealth Management boosted its position in Netflix by 25.0% in the first quarter. Ritholtz Wealth Management now owns 106,451 shares of the Internet television network's stock worth $10,235,000 after purchasing an additional 21,260 shares during the last quarter. Finally, Natixis Advisors LLC grew its stake in Netflix by 797.3% in the 4th quarter. Natixis Advisors LLC now owns 4,989,919 shares of the Internet television network's stock valued at $467,854,000 after purchasing an additional 4,433,837 shares during the period. Institutional investors own 80.93% of the company's stock.

Insider Transactions at Netflix

In related news, Director Bradford L. Smith sold 35,990 shares of Netflix stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $77.52, for a total transaction of $2,789,944.80. Following the completion of the sale, the director owned 79,690 shares of the company's stock, valued at approximately $6,177,568.80. This trade represents a 31.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Gregory K. Peters sold 27,312 shares of the business's stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $73.54, for a total value of $2,008,524.48. Following the transaction, the chief executive officer owned 120,931 shares of the company's stock, valued at approximately $8,893,265.74. The trade was a 18.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 213,595 shares of company stock worth $15,812,072. 1.24% of the stock is owned by corporate insiders.

Netflix Trading Down 0.1%

Shares of Netflix stock opened at $82.67 on Friday. Netflix, Inc. has a 12-month low of $65.08 and a 12-month high of $126.71. The company has a market cap of $344.23 billion, a price-to-earnings ratio of 26.02, a PEG ratio of 1.16 and a beta of 1.53. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.39. The company's 50-day moving average price is $75.43 and its 200-day moving average price is $84.44.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings data on Thursday, July 16th. The Internet television network reported $0.80 EPS for the quarter, beating the consensus estimate of $0.79 by $0.01. The company had revenue of $12.56 billion during the quarter, compared to analysts' expectations of $12.58 billion. Netflix had a net margin of 28.22% and a return on equity of 40.02%. Netflix's revenue for the quarter was up 13.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.72 earnings per share. On average, equities analysts expect that Netflix, Inc. will post 3.59 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on NFLX shares. BMO Capital Markets reiterated an "outperform" rating on shares of Netflix in a research note on Friday, August 14th. Pivotal Research reduced their target price on shares of Netflix from $96.00 to $70.00 and set a "hold" rating for the company in a research report on Friday, July 17th. Robert W. Baird set a $90.00 price target on shares of Netflix and gave the stock an "outperform" rating in a research note on Wednesday, July 22nd. Oppenheimer set a $85.00 price target on shares of Netflix and gave the stock an "outperform" rating in a report on Friday, July 17th. Finally, Wells Fargo & Company set a $80.00 price objective on Netflix and gave the company an "equal weight" rating in a research note on Friday, July 17th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, sixteen have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $96.65.

Key Headlines Impacting Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Advertising growth is becoming a key bullish catalyst. Netflix’s ad-supported business is gaining momentum through advertiser additions, programmatic buying and AI-powered tools. Continued execution could provide a new revenue and profit-growth engine and support further stock recovery. Netflix Stock Rebound Fuels Ad Growth Talk: A Sign of More Upside?
• Positive Sentiment: Recent performance has renewed investor interest. Netflix gained about 13% in August after reaching a 52-week low, while several commentary pieces describe the shares as attractively valued and identify a potentially ongoing “second monetization cycle.” Why Netflix Stock Gained 13% in August
• Positive Sentiment: Analyst sentiment remains supportive. Wall Street’s generally bullish recommendations and the view that NFLX can rebound after underperforming the S&P 500 are helping sustain the recovery narrative. Is It Worth Investing in Netflix Based on Wall Street’s Bullish Views?
• Positive Sentiment: Content and partnership reach remain strategic strengths. A GTA VI trailer generated 31.1 million Netflix views despite being available exclusively for only six hours, highlighting the platform’s distribution power. A Stella Artois tie-in for The Gentlemen also demonstrates Netflix’s expanding brand-partnership potential. A Video Game Trailer Was Netflix’s Most-Watched English Film
• Neutral Sentiment: Acquisition speculation is driving attention but not yet value. Netflix is reportedly considering several streaming targets after losing a bid for a major media company. Regulatory hurdles, controlling shareholders and high valuations make a transaction uncertain. Netflix’s Acquisition Wishlist
• Negative Sentiment: Investors remain concerned about growth and competition. Netflix’s roughly 325 million subscribers provide scale, but slowing growth and pressure from short-form video platforms could limit upside. The stock’s underperformance versus the broader market is also keeping sentiment cautious. Netflix: A Streaming Giant at a Rare Discount?

Netflix Company Profile

Netflix, Inc NASDAQ: NFLX is a global entertainment company that provides subscription-based streaming of films, television series, documentaries and other video content. Founded in 1997 by Reed Hastings and Marc Randolph and headquartered in Los Gatos, California, the company began as a DVD-by-mail rental service and introduced streaming video in 2007. Netflix later expanded into producing and distributing original programming, beginning notable original hits in the 2010s, and now operates a content production and distribution ecosystem alongside its licensing activity.

The company's primary product is its on-demand streaming service, which can be accessed on a wide range of internet-connected devices and delivered through a suite of apps and web platforms.

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