MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Boosts Position in Netflix, Inc. $NFLX

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Netflix, Inc. by 0.6%, owning a total of 502,303 shares, which accounts for approximately 1.1% of its portfolio.
• A number of institutional investors have also significantly increased their holdings in Netflix, including Resurgent Financial Advisors LLC with a 234.4% increase and BNP PARIBAS ASSET MANAGEMENT with a 42.1% increase during the first quarter.
• Netflix's recent earnings report showed a net margin of 24.58% with earnings per share of $7.19, surpassing analyst estimates and demonstrating a year-over-year revenue increase of 15.9%.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 0.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 502,303 shares of the Internet television network's stock after buying an additional 2,948 shares during the quarter. Netflix accounts for about 1.1% of MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s portfolio, making the stock its 11th largest holding. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.12% of Netflix worth $468,502,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the business. Resurgent Financial Advisors LLC increased its holdings in shares of Netflix by 234.4% during the 1st quarter. Resurgent Financial Advisors LLC now owns 1,010 shares of the Internet television network's stock valued at $942,000 after purchasing an additional 708 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in shares of Netflix by 42.1% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 441,861 shares of the Internet television network's stock valued at $412,059,000 after purchasing an additional 130,946 shares in the last quarter. Janus Henderson Group PLC increased its holdings in shares of Netflix by 8.7% during the 4th quarter. Janus Henderson Group PLC now owns 1,377,081 shares of the Internet television network's stock valued at $1,227,468,000 after purchasing an additional 110,432 shares in the last quarter. PharVision Advisers LLC purchased a new position in shares of Netflix during the 4th quarter valued at approximately $873,000. Finally, New England Research & Management Inc. increased its holdings in shares of Netflix by 148.5% during 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 in the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Phillip Securities lowered shares of Netflix from a "hold" rating to a "strong sell" rating in a report on Monday, July 21st. KeyCorp upped their price objective on shares of Netflix from $1,070.00 to $1,390.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. UBS Group restated a "market underperform" rating on shares of Netflix in a research report on Saturday, July 19th. Wedbush reaffirmed an "outperform" rating and set a $1,500.00 target price (up previously from $1,400.00) on shares of Netflix in a report on Monday, July 14th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $1,500.00 target price on shares of Netflix in a report on Friday, July 18th. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, ten have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Netflix currently has a consensus rating of "Moderate Buy" and an average price target of $1,317.58.

Insider Transactions at Netflix

In related news, insider Cletus R. Willems sold 238 shares of the firm's stock in a transaction that occurred 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 sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Gregory K. Peters sold 2,026 shares of the firm's stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $1,157.44, for a total transaction of $2,344,973.44. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. Insiders have sold 89,348 shares of company stock valued at $109,498,489 over the last quarter. Insiders own 1.37% of the company's stock.

Netflix Trading Up 2.6%

Shares of NFLX opened at $1,257.48 on Friday. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58. Netflix, Inc. has a 12-month low of $660.80 and a 12-month high of $1,341.15. The firm has a 50-day moving average price of $1,226.94 and a 200 day moving average price of $1,122.36. The firm has a market capitalization of $534.34 billion, a P/E ratio of 53.58, a P/E/G ratio of 2.06 and a beta of 1.60.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, topping the consensus estimate of $7.07 by $0.12. The company had revenue of $11.08 billion during the quarter, compared to analyst estimates of $11.04 billion. Netflix had a net margin of 24.58% and a return on equity of 42.50%. Netflix's revenue was up 15.9% compared to the same quarter last year. During the same quarter last year, the firm posted $4.88 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. Sell-side analysts forecast that Netflix, Inc. will post 24.58 EPS 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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