Netflix, Inc. $NFLX Shares Sold by Edmond DE Rothschild Holding S.A.

Key Points

• Edmond DE Rothschild Holding S.A. sold 912 shares of Netflix, reducing its holdings by 6.9% to a total of 12,357 shares valued at approximately $11.5 million.
• Netflix's CEO Gregory K. Peters and COO Theodore A. Sarandos each sold about 2,026 shares, marking decreases of 13.68% and 11.78% in their respective stock ownership.
• The stock is currently priced at $1,226.18 with a market capitalization of $521.04 billion, and analysts set an average price target of $1,297.66 with a "Moderate Buy" rating.

Edmond DE Rothschild Holding S.A. lowered its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 6.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,357 shares of the Internet television network's stock after selling 912 shares during the quarter. Edmond DE Rothschild Holding S.A.'s holdings in Netflix were worth $11,523,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Netflix by 1.4% during the first quarter. Vanguard Group Inc. now owns 37,997,260 shares of the Internet television network's stock worth $35,433,585,000 after buying an additional 509,255 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of Netflix by 2.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,732,066 shares of the Internet television network's stock valued at $10,940,505,000 after purchasing an additional 304,399 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Netflix by 109,524.3% during the 1st quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network's stock valued at $8,239,576,000 after purchasing an additional 8,827,662 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in shares of Netflix by 1.0% during the 1st quarter. Alliancebernstein L.P. now owns 5,194,939 shares of the Internet television network's stock valued at $4,844,436,000 after purchasing an additional 53,611 shares during the last quarter. Finally, Invesco Ltd. raised its stake in Netflix by 8.3% in the 1st quarter. Invesco Ltd. now owns 4,664,818 shares of the Internet television network's stock worth $4,350,083,000 after acquiring an additional 356,617 shares during the last quarter. Institutional investors own 80.93% of the company's stock.

Netflix Price Performance

Shares of NASDAQ:NFLX traded down $13.66 during trading on Friday, reaching $1,243.82. 2,378,410 shares of the company's stock traded hands, compared to its average volume of 2,541,951. Netflix, Inc. has a fifty-two week low of $660.80 and a fifty-two week high of $1,341.15. 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 firm has a market cap of $528.54 billion, a PE ratio of 53.00, a P/E/G ratio of 2.09 and a beta of 1.60. The company has a 50-day simple moving average of $1,225.36 and a 200-day simple moving average of $1,124.35.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its 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. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The firm had revenue of $11.08 billion for the quarter, compared to analysts' expectations of $11.04 billion. During the same period last year, the firm earned $4.88 EPS. The company's quarterly revenue was up 15.9% on a year-over-year basis. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. As a group, analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insider Buying and Selling at Netflix

In related news, insider Cletus R. Willems sold 238 shares of Netflix stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $1,153.52, for a total value of $274,537.76. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider David A. Hyman sold 424 shares of Netflix stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $1,158.67, for a total value of $491,276.08. Following the completion of the sale, the insider owned 31,610 shares in the company, valued at approximately $36,625,558.70. The trade was a 1.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 89,348 shares of company stock valued at $109,498,489. Corporate insiders own 1.37% of the company's stock.

Wall Street Analysts Forecast Growth

NFLX has been the subject of a number of research analyst reports. Canaccord Genuity Group restated a "buy" rating on shares of Netflix in a research note on Thursday, July 10th. Piper Sandler boosted their target price on shares of Netflix from $1,400.00 to $1,500.00 and gave the company an "overweight" rating in a research report on Friday, July 18th. Barclays reiterated a "sell" rating and set a $1,100.00 price objective (up previously from $1,000.00) on shares of Netflix in a research note on Wednesday, July 9th. Pivotal Research reiterated a "buy" rating on shares of Netflix in a research note on Thursday, July 10th. Finally, Citigroup reiterated a "neutral" rating and set a $1,250.00 price objective (up previously from $1,020.00) on shares of Netflix in a research note on Thursday, May 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, Netflix currently has an average rating of "Moderate Buy" and a consensus price target of $1,317.58.

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.