Commerzbank Aktiengesellschaft FI Boosts Stock Holdings in Netflix, Inc. $NFLX

Key Points

• Commerzbank Aktiengesellschaft FI increased its stake in Netflix, Inc. by 167.2% in the 2nd quarter, now holding 22,837 shares valued at approximately $30.58 million.
• Netflix's shares opened at $1,231.07 with a market cap of $523.12 billion, following a quarterly earnings report that exceeded expectations, posting $7.19 EPS against a consensus estimate of $7.07.
• Recent analyst ratings show mixed sentiment, with two analysts rating it a Strong Buy and others providing price targets ranging from $1,100 to $1,514.

Commerzbank Aktiengesellschaft FI boosted its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 167.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 22,837 shares of the Internet television network's stock after buying an additional 14,290 shares during the quarter. Commerzbank Aktiengesellschaft FI's holdings in Netflix were worth $30,582,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NFLX. Vanguard Group Inc. boosted its stake in shares of Netflix by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 37,997,260 shares of the Internet television network's stock worth $35,433,585,000 after acquiring an additional 509,255 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Netflix by 2.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,732,066 shares of the Internet television network's stock worth $10,940,505,000 after purchasing an additional 304,399 shares during the period. Alliancebernstein L.P. raised its holdings in Netflix by 1.0% in the 1st quarter. Alliancebernstein L.P. now owns 5,194,939 shares of the Internet television network's stock worth $4,844,436,000 after purchasing an additional 53,611 shares during the period. Invesco Ltd. increased its position in shares of Netflix by 8.3% in the first quarter. Invesco Ltd. now owns 4,664,818 shares of the Internet television network's stock valued at $4,350,083,000 after buying an additional 356,617 shares in the last quarter. Finally, Wellington Management Group LLP increased its position in shares of Netflix by 3.5% in the first quarter. Wellington Management Group LLP now owns 4,385,666 shares of the Internet television network's stock valued at $4,089,765,000 after buying an additional 148,675 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company's stock.

Netflix Stock Up 1.4%

Shares of NASDAQ NFLX opened at $1,231.07 on Friday. The stock has a market cap of $523.12 billion, a PE ratio of 52.45, a P/E/G ratio of 2.04 and a beta of 1.59. The company has a 50-day moving average of $1,209.61 and a 200 day moving average of $1,165.56. Netflix, Inc. has a 12-month low of $677.88 and a 12-month high of $1,341.15. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, topping the consensus estimate of $7.07 by $0.12. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The business had revenue of $11.08 billion for the quarter, compared to analysts' expectations of $11.04 billion. During the same period in the previous year, the firm posted $4.88 EPS. The business's revenue for the quarter was up 15.9% compared to the same quarter last year. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. As a group, sell-side analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on NFLX shares. The Goldman Sachs Group dropped their price target on shares of Netflix from $1,310.00 to $1,300.00 and set a "neutral" rating on the stock in a research note on Tuesday, September 30th. Itau BBA Securities began coverage on shares of Netflix in a report on Tuesday. They set an "outperform" rating and a $1,514.00 price objective on the stock. JPMorgan Chase & Co. increased their price objective on shares of Netflix from $1,230.00 to $1,300.00 and gave the company a "neutral" rating in a report on Friday, July 18th. Barclays restated a "sell" rating and set a $1,100.00 price target (up previously from $1,000.00) on shares of Netflix in a research report on Wednesday, July 9th. Finally, Loop Capital upgraded Netflix from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $1,150.00 to $1,350.00 in a research note on Wednesday, September 17th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, Netflix presently has an average rating of "Moderate Buy" and an average price target of $1,337.63.

Insiders Place Their Bets

In related news, Director Reed Hastings sold 42,176 shares of the company's stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $1,171.92, for a total value of $49,426,897.92. Following the completion of the sale, the director owned 394 shares of the company's stock, valued at approximately $461,736.48. This represents a 99.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Gregory K. Peters sold 2,026 shares of the company's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $1,157.44, for a total transaction of $2,344,973.44. Following the completion of the sale, the chief executive officer directly owned 12,781 shares of the company's stock, valued at $14,793,240.64. This represents a 13.68% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 104,100 shares of company stock worth $122,710,980. 1.37% of the stock is currently owned by company insiders.

About Netflix

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and games across various genres and languages. The company also provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, TV set-top boxes, and mobile devices.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.