Compagnie Lombard Odier SCmA Has $70.20 Million Stake in Netflix, Inc. $NFLX

Key Points

• Compagnie Lombard Odier SCmA has reduced its stakes in Netflix, Inc. by 6.6%, holding a total of 52,418 shares valued at approximately $70.20 million.
• Insider trading activity includes CFO Spencer Adam Neumann selling 2,600 shares, representing a 41.33% decrease in his position, and CEO Gregory K. Peters selling 2,026 shares, a 13.68% decrease in his ownership.
• Wall Street analysts are optimistic about Netflix, with 23 buy ratings and a lifted average target price to $1,328.87, indicating strong growth expectations.

Compagnie Lombard Odier SCmA trimmed its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 6.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 52,418 shares of the Internet television network's stock after selling 3,717 shares during the period. Netflix accounts for approximately 0.9% of Compagnie Lombard Odier SCmA's investment portfolio, making the stock its 28th biggest position. Compagnie Lombard Odier SCmA's holdings in Netflix were worth $70,195,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Halbert Hargrove Global Advisors LLC boosted its position in Netflix by 100.0% during the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock worth $25,000 after purchasing an additional 13 shares during the period. Copia Wealth Management bought a new position in Netflix during the fourth quarter worth $37,000. Flaharty Asset Management LLC bought a new position in Netflix during the first quarter worth $37,000. Barnes Dennig Private Wealth Management LLC bought a new position in Netflix during the first quarter worth $42,000. Finally, 1248 Management LLC bought a new position in Netflix during the first quarter worth $43,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Spencer Adam Neumann sold 2,600 shares of the firm's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $1,207.76, for a total transaction of $3,140,176.00. Following the completion of the sale, the chief financial officer directly owned 3,691 shares of the company's stock, valued at $4,457,842.16. This trade represents a 41.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Gregory K. Peters sold 2,026 shares of Netflix stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $1,157.44, for a total value 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 approximately $14,793,240.64. This trade represents a 13.68% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 89,348 shares of company stock worth $109,498,489. 1.37% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on NFLX shares. Canaccord Genuity Group reaffirmed a "buy" rating on shares of Netflix in a research report on Thursday, July 10th. Oppenheimer boosted their target price on shares of Netflix from $1,200.00 to $1,425.00 and gave the company an "outperform" rating in a research report on Thursday, June 12th. Rosenblatt Securities boosted their target price on shares of Netflix from $1,514.00 to $1,515.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Needham & Company LLC reissued a "buy" rating and issued a $1,500.00 target price on shares of Netflix in a research report on Wednesday, September 10th. Finally, Loop Capital raised shares of Netflix from a "hold" rating to a "buy" rating and boosted their target price for the company from $1,150.00 to $1,350.00 in a research report on Wednesday, September 17th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $1,328.87.

Netflix Price Performance

Shares of NFLX opened at $1,227.37 on Tuesday. Netflix, Inc. has a 12-month low of $677.88 and a 12-month high of $1,341.15. The business's fifty day moving average is $1,211.80 and its 200 day moving average is $1,144.65. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58. The stock has a market cap of $521.55 billion, a P/E ratio of 52.30, a P/E/G ratio of 2.07 and a beta of 1.60.

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

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.

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