Mirabaud & Cie SA Sells 1,006 Shares of Netflix, Inc. $NFLX

Key Points

• Mirabaud & Cie SA reduced its stake in Netflix by 29% during the 2nd quarter, selling 1,006 shares and bringing its total ownership down to 2,460 shares, valued at approximately $3.3 million.
• Netflix's CEO and Director recently sold significant portions of their stakes, with sales totaling over $33 million in the last quarter, reflecting decreasing positions among insiders.
• Analysts have mixed views on Netflix, with price targets varying from $1,250 to $1,500, and the stock currently holds a consensus rating of "Moderate Buy."

Mirabaud & Cie SA trimmed its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 29.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,460 shares of the Internet television network's stock after selling 1,006 shares during the period. Netflix comprises 1.0% of Mirabaud & Cie SA's portfolio, making the stock its 21st biggest holding. Mirabaud & Cie SA's holdings in Netflix were worth $3,295,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of NFLX. Halbert Hargrove Global Advisors LLC boosted its position in Netflix by 100.0% in 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 during the last quarter. Brown Shipley& Co Ltd purchased a new position in Netflix in the fourth quarter worth about $27,000. Copia Wealth Management purchased a new position in Netflix in the fourth quarter worth about $37,000. Flaharty Asset Management LLC purchased a new position in Netflix in the first quarter worth about $37,000. Finally, Stuart Chaussee & Associates Inc. boosted its position in Netflix by 4,500.0% in the fourth quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock worth $41,000 after purchasing an additional 45 shares during the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Netflix news, Director Reed Hastings sold 25,959 shares of the company's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $1,207.71, for a total value of $31,350,943.89. Following the completion of the sale, the director directly owned 394 shares in the company, valued at approximately $475,837.74. This represents a 98.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gregory K. Peters sold 2,026 shares of the company's stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $1,157.44, for a total value of $2,344,973.44. Following the completion of the sale, the chief executive officer owned 12,781 shares of the company's stock, valued at $14,793,240.64. This represents a 13.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 89,348 shares of company stock worth $109,498,489 in the last 90 days. 1.37% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Robert W. Baird lifted their price objective on Netflix from $1,300.00 to $1,500.00 and gave the company an "outperform" rating in a research report on Monday, July 21st. KeyCorp lifted their price objective on Netflix from $1,070.00 to $1,390.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. BMO Capital Markets reaffirmed an "outperform" rating and set a $1,425.00 price objective (up from $1,200.00) on shares of Netflix in a research report on Tuesday, July 15th. Zacks Research cut Netflix from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 1st. Finally, Citigroup reissued a "neutral" rating and set a $1,250.00 target price (up previously from $1,020.00) on shares of Netflix in a research note on Thursday, May 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $1,317.58.

Netflix Stock Performance

NASDAQ NFLX opened at $1,188.44 on Monday. The company has a market cap of $505.00 billion, a P/E ratio of 50.64, a P/E/G ratio of 2.00 and a beta of 1.60. 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 business's 50 day moving average price is $1,218.15 and its 200-day moving average price is $1,133.62. Netflix, Inc. has a fifty-two week low of $677.88 and a fifty-two week high of $1,341.15.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (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 company had revenue of $11.08 billion during the quarter, compared to analysts' expectations of $11.04 billion. During the same quarter in the previous year, the business earned $4.88 EPS. Netflix'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. Sell-side analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current year.

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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