Groupama Asset Managment Trims Stock Position in Netflix, Inc. $NFLX

Key Points

• Groupama Asset Management has reduced its stake in Netflix by 3.7% during the first quarter, now holding 5,964 shares valued at approximately $5.57 million.
• Netflix's CEO, Theodore A. Sarandos, sold 2,026 shares for over $2.35 million, resulting in an 11.78% decrease in his holdings.
• Netflix's stock recently decreased by 2.5%, and Wall Street analysts have a consensus rating of "Moderate Buy" with an average price target of $1,297.66.

Groupama Asset Managment cut its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 3.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,964 shares of the Internet television network's stock after selling 231 shares during the quarter. Groupama Asset Managment's holdings in Netflix were worth $5,569,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of NFLX. Fullcircle Wealth LLC boosted its position in Netflix by 2.5% during the 1st quarter. Fullcircle Wealth LLC now owns 369 shares of the Internet television network's stock valued at $344,000 after acquiring an additional 9 shares in the last quarter. Mission Creek Capital Partners Inc. lifted its stake in shares of Netflix by 0.3% in the 4th quarter. Mission Creek Capital Partners Inc. now owns 3,826 shares of the Internet television network's stock valued at $3,410,000 after purchasing an additional 10 shares during the period. Continuum Wealth Advisors LLC lifted its stake in shares of Netflix by 4.4% in the 1st quarter. Continuum Wealth Advisors LLC now owns 235 shares of the Internet television network's stock valued at $219,000 after purchasing an additional 10 shares during the period. Financial Enhancement Group LLC boosted its position in shares of Netflix by 2.5% during the first quarter. Financial Enhancement Group LLC now owns 412 shares of the Internet television network's stock valued at $384,000 after purchasing an additional 10 shares in the last quarter. Finally, Saxony Capital Management LLC grew its stake in Netflix by 1.4% in the first quarter. Saxony Capital Management LLC now owns 707 shares of the Internet television network's stock worth $659,000 after purchasing an additional 10 shares during the period. 80.93% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Netflix news, CEO Theodore A. Sarandos sold 2,026 shares of the business's stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $1,160.62, for a total value of $2,351,416.12. Following the completion of the transaction, the chief executive officer owned 15,168 shares of the company's stock, valued at approximately $17,604,284.16. The trade was a 11.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider David A. Hyman sold 424 shares of the firm's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $1,158.67, for a total transaction of $491,276.08. Following the sale, 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 146,307 shares of company stock worth $179,443,809. 1.37% of the stock is owned by corporate insiders.

Netflix Stock Down 2.5%

NASDAQ:NFLX opened at $1,214.15 on Wednesday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34. The firm has a market cap of $515.93 billion, a P/E ratio of 51.73, a P/E/G ratio of 2.10 and a beta of 1.59. Netflix, Inc. has a fifty-two week low of $660.80 and a fifty-two week high of $1,341.15. The firm has a 50-day simple moving average of $1,231.86 and a two-hundred day simple moving average of $1,106.54.

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

Wall Street Analyst Weigh In

Several brokerages have commented on NFLX. BMO Capital Markets reissued an "outperform" rating and set a $1,425.00 price objective (up previously from $1,200.00) on shares of Netflix in a research report on Tuesday, July 15th. UBS Group reiterated a "market underperform" rating on shares of Netflix in a research note on Saturday, July 19th. Evercore ISI reissued an "outperform" rating on shares of Netflix in a research note on Thursday, May 15th. Morgan Stanley restated an "equal weight" rating on shares of Netflix in a report on Monday, July 21st. Finally, Wall Street Zen lowered shares of Netflix from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, Netflix currently has a consensus rating of "Moderate Buy" and an average price target of $1,297.66.

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.

Want to see what other hedge funds are holding NFLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Netflix, Inc. (NASDAQ:NFLX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.