Groupe la Francaise Has $80.46 Million Stock Holdings in Netflix, Inc. $NFLX

Key Points

• Groupe la Francaise increased its stake in Netflix by 119.3%, acquiring 82,445 shares, worth approximately $80.46 million, which represents 1.7% of its total holdings.
• Insider trading activity at Netflix saw CFO Spencer Adam Neumann sell 685 shares for $795,428, marking a 15.65% decrease in his ownership.
• Netflix's latest earnings report indicated an EPS of $7.19, beating estimates, with revenue of $11.08 billion for the quarter, a 15.9% year-over-year increase.

Groupe la Francaise boosted its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 119.3% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 82,445 shares of the Internet television network's stock after purchasing an additional 44,848 shares during the period. Netflix comprises approximately 1.7% of Groupe la Francaise's portfolio, making the stock its 15th largest position. Groupe la Francaise's holdings in Netflix were worth $80,457,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the business. Halbert Hargrove Global Advisors LLC grew its stake in shares of 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 purchasing an additional 13 shares in the last quarter. Brown Shipley& Co Ltd purchased a new stake in shares of Netflix in the fourth quarter valued at about $27,000. Copia Wealth Management purchased a new stake in shares of Netflix in the fourth quarter valued at about $37,000. Stuart Chaussee & Associates Inc. raised its holdings in shares of Netflix by 4,500.0% in the fourth quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock valued at $41,000 after buying an additional 45 shares during the last quarter. Finally, Barnes Dennig Private Wealth Management LLC purchased a new position in Netflix during the first quarter worth about $42,000. Institutional investors and hedge funds own 80.93% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on NFLX. Robert W. Baird upped their target price on shares of Netflix from $1,300.00 to $1,500.00 and gave the stock an "outperform" rating in a research report on Monday, July 21st. Cfra Research upgraded shares of Netflix to a "strong-buy" rating in a research report on Monday, April 28th. Wells Fargo & Company raised their target price on shares of Netflix from $1,500.00 to $1,560.00 and gave the stock an "overweight" rating in a research report on Friday, July 18th. Wall Street Zen raised shares of Netflix from a "hold" rating to a "buy" rating in a research note on Friday. Finally, BMO Capital Markets reissued an "outperform" rating and issued a $1,425.00 target price (up previously from $1,200.00) on shares of Netflix in a research note on Tuesday, July 15th. One 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 given a Sell rating to the stock. Based on data from MarketBeat, Netflix has a consensus rating of "Moderate Buy" and a consensus price target of $1,297.66.

Insider Activity

In other news, CFO Spencer Adam Neumann sold 2,601 shares of Netflix stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $1,307.22, for a total value of $3,400,079.22. Following the transaction, the chief financial officer directly owned 3,691 shares of the company's stock, valued at $4,824,949.02. This trade represents a 41.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Gregory K. Peters sold 2,026 shares of Netflix stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $1,157.44, for a total transaction of $2,344,973.44. Following the completion of the transaction, the chief executive officer directly owned 12,781 shares in the company, valued at approximately $14,793,240.64. This trade represents a 13.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 146,307 shares of company stock valued at $179,443,809. 1.37% of the stock is currently owned by insiders.

Netflix Stock Performance

Shares of NASDAQ NFLX traded down $1.56 during midday trading on Friday, hitting $1,204.65. The company's stock had a trading volume of 3,122,827 shares, compared to its average volume of 2,952,016. The firm has a market cap of $511.89 billion, a P/E ratio of 51.33, a P/E/G ratio of 2.03 and a beta of 1.59. The firm's fifty day moving average price is $1,231.41 and its 200-day moving average price is $1,111.65. Netflix, Inc. has a 1-year low of $660.80 and a 1-year high of $1,341.15. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly 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 company had revenue of $11.08 billion for the quarter, compared to the consensus estimate of $11.04 billion. During the same period in the previous year, the firm earned $4.88 EPS. Netflix's 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. On average, sell-side analysts forecast that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

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.