Flossbach Von Storch SE Invests $35.52 Million in Netflix, Inc. $NFLX

Key Points

• Flossbach Von Storch SE acquired 497,453 Netflix shares worth approximately $35.5 million in the second quarter, while institutional investors and hedge funds collectively own 80.93% of the stock.
• Analysts maintain a generally positive outlook, with Netflix receiving a consensus “Moderate Buy” rating and an average price target of $103.48, despite some firms reducing targets or downgrading the stock.
• Netflix recently beat quarterly EPS expectations by $0.01 and reported 13.4% year-over-year revenue growth; however, insiders sold roughly 600,295 shares worth $49.1 million over the past 90 days.

Flossbach Von Storch SE bought a new stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 497,453 shares of the Internet television network's stock, valued at approximately $35,518,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Imprint Wealth LLC acquired a new stake in shares of Netflix in the third quarter valued at approximately $25,000. Wealth Watch Advisors INC acquired a new stake in Netflix during the third quarter worth approximately $103,000. Strategic Wealth Investment Group LLC acquired a new stake in Netflix during the second quarter worth approximately $121,000. Wiser Advisor Group LLC bought a new position in Netflix during the 3rd quarter worth $114,000. Finally, Beaird Harris Wealth Management LLC increased its stake in Netflix by 9.6% during the 3rd quarter. Beaird Harris Wealth Management LLC now owns 114 shares of the Internet television network's stock worth $137,000 after acquiring an additional 10 shares during the period. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently weighed in on NFLX. Wedbush cut their target price on Netflix from $118.00 to $105.00 and set an "outperform" rating for the company in a research report on Friday, July 17th. CLSA began coverage on shares of Netflix in a research report on Monday, July 20th. They set an "outperform" rating for the company. Robert W. Baird set a $90.00 target price on shares of Netflix and gave the company an "outperform" rating in a report on Wednesday, July 22nd. Seaport Research Partners cut shares of Netflix from a "buy" rating to a "neutral" rating in a research report on Monday, July 20th. Finally, Bank of America reaffirmed a "buy" rating and set a $125.00 price target on shares of Netflix in a report on Monday, May 18th. Four analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, seventeen have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $103.48.

Insider Activity at Netflix

In other news, CEO Theodore A. Sarandos sold 27,312 shares of the company's stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $73.35, for a total value of $2,003,335.20. Following the completion of the transaction, the chief executive officer owned 178,954 shares of the company's stock, valued at $13,126,275.90. This represents a 13.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available 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 firm's stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $72.85, for a total transaction of $416,920.55. Following the completion of the transaction, the insider owned 316,100 shares of the company's stock, valued at approximately $23,027,885. This trade represents a 1.78% decrease in their position. 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. In the last 90 days, insiders sold 600,295 shares of company stock valued at $49,056,671. Corporate insiders own 1.24% of the company's stock.

Netflix News Roundup

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

Netflix Stock Performance

NASDAQ NFLX opened at $80.22 on Thursday. The firm's fifty day moving average price is $74.43 and its two-hundred day moving average price is $84.39. The stock has a market cap of $334.03 billion, a PE ratio of 25.25, a PEG ratio of 0.98 and a beta of 1.52. Netflix, Inc. has a fifty-two week low of $65.08 and a fifty-two week high of $126.71. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.14 and a current ratio of 1.14.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings results on Thursday, July 16th. The Internet television network reported $0.80 EPS for the quarter, beating analysts' consensus estimates of $0.79 by $0.01. Netflix had a return on equity of 40.02% and a net margin of 28.22%.The company had revenue of $12.56 billion during the quarter, compared to analysts' expectations of $12.58 billion. During the same period in the prior year, the company earned $0.72 EPS. Netflix's revenue was up 13.4% compared to the same quarter last year. On average, equities analysts expect that Netflix, Inc. will post 3.59 EPS for the current fiscal year.

Netflix Company Profile

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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