Edmond DE Rothschild Holding S.A. Invests $25.60 Million in Netflix, Inc. $NFLX

Key Points

• Edmond DE Rothschild Holding acquired 358,528 Netflix shares worth approximately $25.6 million in the second quarter. Hedge funds and institutional investors collectively own 80.93% of Netflix’s stock.
• Netflix reported quarterly EPS of $0.80, slightly above the $0.79 consensus estimate, while revenue reached $12.56 billion and increased 13.4% year over year. Shares opened at $80.22, up 3.2%.
• Analysts maintain a Moderate Buy consensus with an average price target of $103.48, despite several target-price reductions. Netflix insiders sold shares recently, including CEO Theodore Sarandos selling $2.0 million worth under a pre-arranged plan to cover tax obligations.

Edmond DE Rothschild Holding S.A. acquired a new stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 358,528 shares of the Internet television network's stock, valued at approximately $25,599,000.

Several other hedge funds also recently bought and sold shares of NFLX. Pacific Sun Financial Corp boosted its holdings in Netflix by 1.6% in the 3rd quarter. Pacific Sun Financial Corp now owns 574 shares of the Internet television network's stock valued at $688,000 after purchasing an additional 9 shares during the period. Beaird Harris Wealth Management LLC increased its holdings in shares of Netflix by 9.6% in the third quarter. Beaird Harris Wealth Management LLC now owns 114 shares of the Internet television network's stock worth $137,000 after purchasing an additional 10 shares during the period. Monograph Wealth Advisors LLC raised its position in shares of Netflix by 1.8% in the second quarter. Monograph Wealth Advisors LLC now owns 682 shares of the Internet television network's stock worth $913,000 after buying an additional 12 shares in the last quarter. Resources Management Corp CT ADV raised its position in shares of Netflix by 2.0% in the second quarter. Resources Management Corp CT ADV now owns 829 shares of the Internet television network's stock worth $1,110,000 after buying an additional 16 shares in the last quarter. Finally, Sompo Asset Management Co. Ltd. boosted its stake in Netflix by 1.4% during the second quarter. Sompo Asset Management Co. Ltd. now owns 1,500 shares of the Internet television network's stock valued at $2,009,000 after buying an additional 20 shares during the period. Hedge funds and other institutional investors own 80.93% of the company's stock.

Netflix Trading Up 3.2%

Shares of NFLX stock opened at $80.22 on Thursday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.39. The business has a 50-day moving average price of $74.43 and a two-hundred day moving average price of $84.39. Netflix, Inc. has a 12-month low of $65.08 and a 12-month high of $126.71. The firm has a market cap of $334.03 billion, a P/E ratio of 25.25, a price-to-earnings-growth ratio of 0.98 and a beta of 1.52.

Netflix (NASDAQ:NFLX - Get Free Report) last announced 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 firm had revenue of $12.56 billion for the quarter, compared to analyst estimates of $12.58 billion. Netflix had a return on equity of 40.02% and a net margin of 28.22%.The company's revenue was up 13.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.72 EPS. Equities analysts anticipate that Netflix, Inc. will post 3.59 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have weighed in on NFLX shares. Wedbush decreased their target price on Netflix from $118.00 to $105.00 and set an "outperform" rating on the stock in a research note on Friday, July 17th. Guggenheim set a $75.00 price target on Netflix and gave the company a "buy" rating in a research report on Friday, July 17th. Jefferies Financial Group cut their price objective on Netflix from $128.00 to $110.00 and set a "buy" rating for the company in a report on Wednesday, June 10th. Morgan Stanley restated an "overweight" rating and issued a $90.00 price objective (down from $115.00) on shares of Netflix in a research report on Tuesday, July 14th. Finally, Citic Securities raised their target price on shares of Netflix from $95.00 to $107.00 and gave the company a "hold" rating in a research note on Monday, April 27th. Four analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, seventeen have issued a Hold rating and one has assigned 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 an average target price of $103.48.

Trending Headlines about Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Bill Ackman returns: Pershing Square disclosed a roughly 4.9% portfolio position in Netflix, reversing its earlier exit at a reported loss of about $400 million. Ackman’s renewed conviction reflects expectations for double-digit revenue growth, margin expansion and continued streaming leadership. What's Going On With Netflix Stock Wednesday?
• Positive Sentiment: Advertising remains a growth catalyst: Analysts highlighted Netflix’s rapidly scaling ad-supported business, including new advertising tools and live programming that could help generate billions in ad revenue and support longer-term revenue expansion. NFLX's Ad Business Focus
• Positive Sentiment: Valuation attracts bargain hunters: With the stock down about 43% from its peak and trading near 21 times forward earnings, investors are comparing Netflix’s valuation with prior major pullbacks and arguing that the risk-reward profile has improved. Several commentators and CNBC’s Jason Snipe also endorsed the shares. Netflix Trades at 21 Times Forward Earnings
• Neutral Sentiment: Broader market rotation helped: Netflix participated in a shift away from semiconductor stocks and toward beaten-down software and technology shares. This suggests part of the move reflected sector positioning rather than a new company-specific operating announcement. Netflix, Salesforce, and Adobe Rally
• Negative Sentiment: Copyright lawsuit adds risk: The band Demon Hunter sued Netflix over the title and alleged intellectual-property issues involving KPop Demon Hunters. The legal action introduces potential costs and reputational risk, although its financial impact is currently unclear. Netflix sued by band Demon Hunter

Insiders Place Their Bets

In other news, CEO Theodore A. Sarandos sold 27,312 shares of the business's stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $73.35, for a total value of $2,003,335.20. Following the completion of the sale, the chief executive officer directly owned 178,954 shares in the company, valued at approximately $13,126,275.90. The trade was a 13.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider David A. Hyman sold 5,723 shares of the business's stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $72.85, for a total transaction of $416,920.55. Following the completion of the sale, the insider owned 316,100 shares of the company's stock, valued at approximately $23,027,885. The trade was a 1.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 600,295 shares of company stock valued at $49,056,671 over the last 90 days. Company insiders own 1.24% of the company's stock.

About Netflix

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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