Czech National Bank Grows Position in Netflix, Inc. $NFLX

Key Points

• The Czech National Bank increased its stake in Netflix, Inc. by 5.9% during the second quarter, now holding 104,015 shares valued at approximately $139.3 million.
• Insider trading activity includes significant stock sales by CEO Theodore A. Sarandos and Director Reed Hastings, resulting in an 11.78% decrease in Sarandos's ownership and a 98.50% decrease in Hastings's ownership.
• Netflix's stock has a current market cap of $510.88 billion and has a consensus rating of "Moderate Buy" from analysts, with a target price of $1,317.58.

Czech National Bank grew its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 5.9% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 104,015 shares of the Internet television network's stock after purchasing an additional 5,766 shares during the quarter. Netflix makes up approximately 1.1% of Czech National Bank's portfolio, making the stock its 14th biggest position. Czech National Bank's holdings in Netflix were worth $139,290,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Halbert Hargrove Global Advisors LLC boosted its stake in shares of Netflix by 100.0% during the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock valued at $25,000 after purchasing an additional 13 shares during the period. Brown Shipley& Co Ltd purchased a new stake in shares of Netflix during the fourth quarter valued at approximately $27,000. Ransom Advisory Ltd purchased a new stake in shares of Netflix during the second quarter valued at approximately $47,000. Flaharty Asset Management LLC purchased a new stake in shares of Netflix during the first quarter valued at approximately $37,000. Finally, Copia Wealth Management purchased a new stake in shares of Netflix during the fourth quarter valued at approximately $37,000. Hedge funds and other institutional investors own 80.93% of the company's stock.

Insider Buying and Selling

In other news, CEO Theodore A. Sarandos sold 2,026 shares of the firm's stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $1,160.62, for a total transaction of $2,351,416.12. Following the completion of the transaction, the chief executive officer directly owned 15,168 shares in the company, valued at $17,604,284.16. This trade represents a 11.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Reed Hastings sold 25,959 shares of the firm's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $1,207.71, for a total value of $31,350,943.89. Following the transaction, the director owned 394 shares of the company's stock, valued at $475,837.74. The trade was a 98.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 89,348 shares of company stock valued at $109,498,489 over the last ninety days. Insiders own 1.37% of the company's stock.

Netflix Price Performance

NFLX opened at $1,202.26 on Tuesday. The stock has a fifty day simple moving average of $1,216.40 and a two-hundred day simple moving average of $1,135.17. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58. The company has a market cap of $510.88 billion, a price-to-earnings ratio of 51.23, a price-to-earnings-growth ratio of 2.00 and a beta of 1.60. Netflix, Inc. has a 12-month low of $677.88 and a 12-month high of $1,341.15.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on NFLX. Jefferies Financial Group reissued a "buy" rating on shares of Netflix in a research note on Tuesday, August 12th. Seaport Res Ptn lowered Netflix from a "strong-buy" rating to a "hold" rating in a research note on Sunday, July 6th. Robert W. Baird raised their price target on Netflix from $1,300.00 to $1,500.00 and gave the stock an "outperform" rating in a research note on Monday, July 21st. Oppenheimer raised their price target on Netflix from $1,200.00 to $1,425.00 and gave the stock an "outperform" rating in a research note on Thursday, June 12th. Finally, Wall Street Zen raised Netflix from a "hold" rating to a "buy" rating in a research note on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,317.58.

Netflix Profile

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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