Generali Asset Management SPA SGR Sells 2,010 Shares of Netflix, Inc. $NFLX

Key Points

• Generali Asset Management SPA SGR reduced its stake in Netflix, Inc. by 9.2% during the second quarter, now holding 19,745 shares valued at approximately $26.4 million.
• Multiple hedge funds, including Optima Capital LLC and Unified Investment Management, have recently increased their holdings in Netflix, reflecting a growing interest in the company among institutional investors.
• Netflix's stock opened at $1,215.35 with a market capitalization of $516.43 billion, following a recent earnings report that beat analysts' expectations.

Generali Asset Management SPA SGR lessened its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 9.2% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,745 shares of the Internet television network's stock after selling 2,010 shares during the quarter. Generali Asset Management SPA SGR's holdings in Netflix were worth $26,441,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Optima Capital LLC boosted its holdings in Netflix by 3.5% during the 2nd quarter. Optima Capital LLC now owns 239 shares of the Internet television network's stock worth $320,000 after acquiring an additional 8 shares during the last quarter. Unified Investment Management lifted its position in shares of Netflix by 1.7% during the second quarter. Unified Investment Management now owns 474 shares of the Internet television network's stock valued at $635,000 after purchasing an additional 8 shares in the last quarter. Plancorp LLC boosted its holdings in Netflix by 0.6% during the second quarter. Plancorp LLC now owns 1,278 shares of the Internet television network's stock worth $1,711,000 after purchasing an additional 8 shares during the last quarter. Five Oceans Advisors grew its position in Netflix by 1.1% in the 2nd quarter. Five Oceans Advisors now owns 751 shares of the Internet television network's stock worth $1,006,000 after purchasing an additional 8 shares in the last quarter. Finally, Old Port Advisors increased its stake in Netflix by 1.3% in the 2nd quarter. Old Port Advisors now owns 624 shares of the Internet television network's stock valued at $836,000 after buying an additional 8 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company's stock.

Insider Transactions at Netflix

In related news, insider David A. Hyman sold 424 shares of Netflix stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $1,158.67, for a total value of $491,276.08. Following the completion of the transaction, the insider directly owned 31,610 shares in the company, valued at approximately $36,625,558.70. The trade was a 1.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gregory K. Peters sold 2,026 shares of the business's stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $1,157.44, for a total transaction of $2,344,973.44. Following the sale, the chief executive officer directly owned 12,781 shares in the company, valued at $14,793,240.64. The trade was a 13.68% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 104,100 shares of company stock valued at $122,710,980. 1.37% of the stock is currently owned by insiders.

Netflix Stock Performance

NASDAQ:NFLX opened at $1,215.35 on Wednesday. The company has a market capitalization of $516.43 billion, a P/E ratio of 51.78, a P/E/G ratio of 2.05 and a beta of 1.59. The business has a fifty day simple moving average of $1,213.15 and a two-hundred day simple moving average of $1,172.10. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.34 and a quick ratio of 1.34. Netflix, Inc. has a 1 year low of $677.88 and a 1 year high of $1,341.15.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly 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 quarter in the prior year, the firm earned $4.88 EPS. The business's revenue for the quarter 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. On average, analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Sanford C. Bernstein boosted their target price on Netflix from $1,200.00 to $1,390.00 and gave the stock an "outperform" rating in a research note on Thursday, July 17th. Canaccord Genuity Group reiterated a "buy" rating on shares of Netflix in a report on Thursday, July 10th. Rosenblatt Securities boosted their price objective on Netflix from $1,514.00 to $1,515.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Piper Sandler raised their target price on Netflix from $1,400.00 to $1,500.00 and gave the company an "overweight" rating in a research report on Friday, July 18th. Finally, Seaport Res Ptn upgraded Netflix from a "hold" rating to a "strong-buy" rating in a research note on Monday, October 6th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Netflix presently has an average rating of "Moderate Buy" and an average price target of $1,337.63.

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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