Maxi Investments CY Ltd Acquires Shares of 77,700 Netflix, Inc. $NFLX

Key Points

• Maxi Investments CY Ltd acquired 77,700 Netflix shares during the second quarter, worth approximately $5.55 million. Netflix now represents about 1.1% of the firm’s portfolio and is its 25th-largest holding.
• Institutional investors own approximately 80.93% of Netflix, while several other investment firms increased their positions. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $103.48.
• Netflix reported quarterly adjusted earnings of $0.80 per share, slightly exceeding expectations, while revenue rose 13.4% year over year to $12.56 billion. However, insiders sold more than 600,000 shares worth roughly $49.1 million over the past 90 days.

Maxi Investments CY Ltd purchased a new position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 77,700 shares of the Internet television network's stock, valued at approximately $5,548,000. Netflix accounts for approximately 1.1% of Maxi Investments CY Ltd's investment portfolio, making the stock its 25th biggest position.

A number of other institutional investors also recently added to or reduced their stakes in NFLX. Brighton Jones LLC boosted its holdings in Netflix by 5.0% during the fourth quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network's stock worth $4,804,000 after buying an additional 257 shares in the last quarter. Revolve Wealth Partners LLC grew its holdings in Netflix by 16.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network's stock valued at $912,000 after purchasing an additional 144 shares during the last quarter. Sivia Capital Partners LLC grew its holdings in Netflix by 21.2% in the second quarter. Sivia Capital Partners LLC now owns 1,406 shares of the Internet television network's stock valued at $1,883,000 after purchasing an additional 246 shares during the last quarter. Strategic Investment Advisors MI increased its position in shares of Netflix by 18.9% in the second quarter. Strategic Investment Advisors MI now owns 774 shares of the Internet television network's stock valued at $1,036,000 after buying an additional 123 shares in the last quarter. Finally, Schnieders Capital Management LLC. increased its position in shares of Netflix by 12.1% in the second quarter. Schnieders Capital Management LLC. now owns 2,115 shares of the Internet television network's stock valued at $2,832,000 after buying an additional 228 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company's stock.

Analysts Set New Price Targets

NFLX has been the subject of a number of research reports. Robert W. Baird set a $90.00 target price on shares of Netflix and gave the stock an "outperform" rating in a research report on Wednesday, July 22nd. UBS Group lowered their price target on shares of Netflix from $130.00 to $115.00 and set a "buy" rating on the stock in a research report on Friday, July 17th. Rosenblatt Securities set a $75.00 price objective on Netflix and gave the stock a "neutral" rating in a research report on Friday, July 17th. Weiss Ratings lowered Netflix from a "hold (c+)" rating to a "hold (c)" rating in a research note on Friday, June 26th. Finally, Raymond James Financial reiterated a "market perform" rating on shares of Netflix in a report on Thursday, May 14th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, seventeen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $103.48.

Netflix Stock Performance

Shares of Netflix stock opened at $79.59 on Monday. The firm has a market cap of $331.41 billion, a PE ratio of 25.05, a P/E/G ratio of 1.00 and a beta of 1.52. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.39. Netflix, Inc. has a fifty-two week low of $65.08 and a fifty-two week high of $126.71. The business's fifty day moving average is $74.39 and its two-hundred day moving average is $84.35.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings results on Thursday, July 16th. The Internet television network reported $0.80 EPS for the quarter, beating the consensus estimate 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 quarter in the previous year, the business earned $0.72 EPS. The firm's revenue was up 13.4% on a year-over-year basis. Analysts anticipate that Netflix, Inc. will post 3.59 earnings per share for the current year.

Trending Headlines about Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix continues to grow faster than many streaming rivals, and its lower valuation after the selloff could provide significant upside if revenue, advertising and engagement trends remain strong. A valuation model described the current setup as potentially asymmetric in investors’ favor. Netflix Is Down 40% From Its All-Time High Could Netflix Stock Double From Here?
• Positive Sentiment: JPMorgan analyst Doug Anmuth maintained an Overweight rating and an $85 price target, citing Netflix’s content pipeline and multiple initiatives to support engagement and revenue growth. The view suggests potential upside from current levels, although the analyst sees no single catalyst guaranteeing acceleration. Netflix Has No Single Silver Bullet
• Positive Sentiment: Netflix’s advertising-supported tier and broad content offering could make the company relatively resilient during a recession, as consumers may retain lower-cost entertainment subscriptions even amid economic pressure. Which Streaming Stock Would Hold Up Better in a Recession?
• Neutral Sentiment: Representatives for Meghan of Sussex reportedly held exploratory discussions about a possible role in a third season of The Gentlemen. Netflix has not ordered the season, so the potential casting has no immediate financial impact. Meghan of Sussex Eyes Role in Netflix Show The Gentlemen
• Negative Sentiment: With Netflix no longer emphasizing subscriber numbers, investors must rely more heavily on revenue growth, advertising performance, engagement and profitability metrics. That makes it harder to assess momentum and contributes to debate over whether the stock’s decline reflects a bargain or slowing growth. Netflix Is Down 40% From Its All-Time High
• Negative Sentiment: YouTube is reportedly offering creators substantial payments and warning that simultaneous Netflix deals could jeopardize marketing support and brand-campaign revenue. This could intensify competition for exclusive content and creator attention. YouTube Offers Creators Millions to Avoid Netflix Deals

Insiders Place Their Bets

In related news, CFO Spencer Adam Neumann sold 9,248 shares of the firm's stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $75.79, for a total value of $700,905.92. Following the transaction, the chief financial officer owned 73,787 shares in the company, valued at approximately $5,592,316.73. This trade represents a 11.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Reed Hastings sold 386,700 shares of Netflix stock in a transaction on Monday, June 1st. The shares were sold at an average price of $85.97, for a total transaction of $33,244,599.00. Following the transaction, the director owned 3,940 shares in the company, valued at $338,721.80. The trade was a 98.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 600,295 shares of company stock worth $49,056,671. 1.24% of the stock is owned by insiders.

About Netflix

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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