Netflix, Inc. $NFLX Shares Bought by Federation des caisses Desjardins du Quebec

Key Points

• Federation des caisses Desjardins du Quebec increased its stake in Netflix, Inc. by 11.1%, acquiring an additional 4,271 shares, bringing their total holdings to 42,595 shares worth approximately $39.7 million.
• Netflix's stock opened at $1,208.25 and has a market capitalization of $513.42 billion, with a PE ratio of 51.48 and a return on equity of 42.50%.
• Recent insider trading included CFO Spencer Neumann selling 2,601 shares and CEO Theodore Sarandos selling 2,026 shares, representing significant decreases in their positions.

Federation des caisses Desjardins du Quebec lifted its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 11.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,595 shares of the Internet television network's stock after purchasing an additional 4,271 shares during the quarter. Federation des caisses Desjardins du Quebec's holdings in Netflix were worth $39,724,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Halbert Hargrove Global Advisors LLC raised its holdings 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 acquiring an additional 13 shares in the last quarter. Brown Shipley& Co Ltd bought a new position in shares of Netflix in the 4th quarter valued at $27,000. Copia Wealth Management bought a new position in shares of Netflix in the 4th quarter valued at $37,000. Barnes Dennig Private Wealth Management LLC bought a new position in Netflix during the 1st quarter worth $42,000. Finally, Stuart Chaussee & Associates Inc. raised its position in shares of Netflix by 4,500.0% in the 4th quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock worth $41,000 after acquiring an additional 45 shares in the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Netflix Price Performance

NFLX traded up $12.07 during trading on Wednesday, reaching $1,226.18. The company's stock had a trading volume of 2,464,635 shares, compared to its average volume of 2,584,598. The company has a market cap of $521.04 billion, a price-to-earnings ratio of 52.24, a PEG ratio of 2.03 and a beta of 1.60. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58. Netflix, Inc. has a 1 year low of $660.80 and a 1 year high of $1,341.15. The firm has a fifty day simple moving average of $1,227.93 and a two-hundred day simple moving average of $1,120.98.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its earnings results on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, topping analysts' consensus estimates of $7.07 by $0.12. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The firm had revenue of $11.08 billion during the quarter, compared to the consensus estimate of $11.04 billion. During the same quarter in the previous year, the firm posted $4.88 earnings per share. The company's revenue 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, analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current year.

Analysts Set New Price Targets

NFLX has been the subject of a number of recent research reports. TD Cowen boosted their price objective on Netflix from $1,440.00 to $1,450.00 and gave the stock a "buy" rating in a report on Friday, July 18th. BMO Capital Markets reiterated an "outperform" rating and set a $1,425.00 target price (up from $1,200.00) on shares of Netflix in a report on Tuesday, July 15th. Wells Fargo & Company raised their price target on shares of Netflix from $1,500.00 to $1,560.00 and gave the company an "overweight" rating in a research report on Friday, July 18th. Evercore ISI restated an "outperform" rating on shares of Netflix in a research note on Thursday, May 15th. Finally, Sanford C. Bernstein boosted their price objective on Netflix from $1,200.00 to $1,390.00 and gave the company an "outperform" rating in a research report on Thursday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $1,297.66.

Insider Buying and Selling

In related news, CFO Spencer Adam Neumann sold 2,601 shares of Netflix stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $1,307.22, for a total transaction of $3,400,079.22. Following the transaction, the chief financial officer owned 3,691 shares in the company, valued at approximately $4,824,949.02. The trade was a 41.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Theodore A. Sarandos sold 2,026 shares of Netflix 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 sale, 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 position. The disclosure for this sale can be found here. Insiders have sold 122,188 shares of company stock worth $150,623,102 over the last 90 days. Company insiders own 1.37% of the company's stock.

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.