J. Safra Sarasin Holding AG Has $10.85 Million Holdings in Netflix, Inc. $NFLX

Key Points

• J. Safra Sarasin Holding AG increased its stake in Netflix, Inc. by 4.2% during the 2nd quarter, holding shares worth approximately $10.85 million as of the latest reporting period.
• A number of institutional investors significantly raised their stakes in Netflix, with Resurgent Financial Advisors increasing theirs by 234.4% in the 1st quarter.
• Wall Street analysts are optimistic about Netflix, with a consensus target price of $1,334.03 and multiple firms upgrading their ratings to buy.

J. Safra Sarasin Holding AG increased its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 4.2% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,150 shares of the Internet television network's stock after acquiring an additional 327 shares during the quarter. J. Safra Sarasin Holding AG's holdings in Netflix were worth $10,846,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Resurgent Financial Advisors LLC raised its stake in Netflix by 234.4% during the 1st quarter. Resurgent Financial Advisors LLC now owns 1,010 shares of the Internet television network's stock worth $942,000 after buying an additional 708 shares during the period. MRA Advisory Group raised its position in shares of Netflix by 28.4% during the second quarter. MRA Advisory Group now owns 919 shares of the Internet television network's stock worth $1,231,000 after purchasing an additional 203 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in shares of Netflix by 42.1% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 441,861 shares of the Internet television network's stock worth $412,059,000 after purchasing an additional 130,946 shares in the last quarter. McGlone Suttner Wealth Management Inc. lifted its holdings in shares of Netflix by 1.4% in the 2nd quarter. McGlone Suttner Wealth Management Inc. now owns 989 shares of the Internet television network's stock worth $1,324,000 after purchasing an additional 14 shares in the last quarter. Finally, New England Research & Management Inc. grew its position in Netflix by 148.5% in the 1st quarter. New England Research & Management Inc. now owns 2,122 shares of the Internet television network's stock valued at $1,979,000 after purchasing an additional 1,268 shares during the period. Institutional investors and hedge funds own 80.93% of the company's stock.

Wall Street Analysts Forecast Growth

NFLX has been the topic of several research reports. Loop Capital upgraded shares of Netflix from a "hold" rating to a "buy" rating and upped their price objective for the stock from $1,150.00 to $1,350.00 in a report on Wednesday, September 17th. Wall Street Zen upgraded shares of Netflix from a "hold" rating to a "buy" rating in a report on Saturday, September 13th. Sanford C. Bernstein lifted their price target on Netflix from $1,200.00 to $1,390.00 and gave the company an "outperform" rating in a research note on Thursday, July 17th. The Goldman Sachs Group decreased their price objective on Netflix from $1,310.00 to $1,300.00 and set a "neutral" rating for the company in a report on Tuesday. Finally, Pivotal Research restated a "buy" rating on shares of Netflix in a report on Thursday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $1,334.03.

Netflix Stock Performance

NASDAQ NFLX opened at $1,162.53 on Friday. The company has a market capitalization of $493.99 billion, a PE ratio of 49.53, a price-to-earnings-growth ratio of 1.97 and a beta of 1.59. 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, Inc. has a 52-week low of $677.88 and a 52-week high of $1,341.15. The company has a 50-day simple moving average of $1,207.90 and a 200 day simple moving average of $1,157.42.

Netflix (NASDAQ:NFLX - Get Free Report) last released its earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, beating 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 period in the prior year, the firm earned $4.88 EPS. 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. On average, research analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.

Insiders Place Their Bets

In other Netflix news, CFO Spencer Adam Neumann sold 2,600 shares of the business's stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $1,172.51, for a total value of $3,048,526.00. Following the sale, the chief financial officer directly owned 3,691 shares in the company, valued at $4,327,734.41. The trade was a 41.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Cletus R. Willems sold 238 shares of the company's stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $1,153.52, for a total value of $274,537.76. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 104,100 shares of company stock valued at $122,710,980. Company insiders own 1.37% of the company's stock.

Netflix Company 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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