Mirova Has $490,000 Position in Netflix, Inc. $NFLX

Key Points

• Mirova increased its stake in Netflix by 67.2%, acquiring an additional 211 shares, bringing its total to 525 shares valued at $490,000.
• Wall Street analysts have varying ratings on Netflix, with one analyst downgrading the stock to a "strong sell", while others have set target prices ranging from $1,200 to $1,500.
• Insider sales have occurred recently, including Director Jay C. Hoag selling 31,750 shares, which represented a 33.50% decrease in his ownership of the company.

Mirova lifted its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 67.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 525 shares of the Internet television network's stock after purchasing an additional 211 shares during the quarter. Mirova's holdings in Netflix were worth $490,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Halbert Hargrove Global Advisors LLC grew its holdings in shares of Netflix by 100.0% during the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock valued at $25,000 after purchasing an additional 13 shares during the last quarter. Brown Shipley& Co Ltd bought a new stake in shares of Netflix during the 4th quarter valued at approximately $27,000. Copia Wealth Management bought a new stake in shares of Netflix during the 4th quarter valued at approximately $37,000. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of Netflix during the 1st quarter valued at approximately $42,000. Finally, Stuart Chaussee & Associates Inc. grew its holdings in shares of Netflix by 4,500.0% during the 4th quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock valued at $41,000 after purchasing an additional 45 shares during the last quarter. 80.93% of the stock is owned by institutional investors.

Netflix Trading Up 1.1%

Shares of NASDAQ:NFLX traded up $13.42 during trading on Monday, reaching $1,218.07. The stock had a trading volume of 2,809,597 shares, compared to its average volume of 2,952,016. The firm's fifty day moving average is $1,231.26 and its 200 day moving average is $1,113.08. 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 $660.80 and a 52 week high of $1,341.15. The stock has a market cap of $517.59 billion, a price-to-earnings ratio of 51.90, a P/E/G ratio of 2.03 and a beta of 1.59.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 EPS 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 company had revenue of $11.08 billion for the quarter, compared to analyst estimates of $11.04 billion. During the same period in the prior year, the firm posted $4.88 EPS. The company's quarterly 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. As a group, equities analysts forecast that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Activity at Netflix

In related news, Director Jay C. Hoag sold 31,750 shares of the business's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $1,252.35, for a total transaction of $39,762,112.50. Following the transaction, the director owned 63,040 shares in the company, valued at $78,948,144. The trade was a 33.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Reed Hastings sold 26,933 shares of the business's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $1,211.66, for a total transaction of $32,633,638.78. Following the transaction, the director owned 394 shares in the company, valued at $477,394.04. The trade was a 98.56% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 146,307 shares of company stock worth $179,443,809 over the last quarter. 1.37% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on NFLX shares. Robert W. Baird lifted their price target on shares of Netflix from $1,300.00 to $1,500.00 and gave the company an "outperform" rating in a report on Monday, July 21st. Canaccord Genuity Group reissued a "buy" rating on shares of Netflix in a report on Thursday, July 10th. Wall Street Zen raised shares of Netflix from a "hold" rating to a "buy" rating in a report on Friday. Oppenheimer boosted their target price on shares of Netflix from $1,200.00 to $1,425.00 and gave the stock an "outperform" rating in a report on Thursday, June 12th. Finally, Piper Sandler boosted their target price on shares of Netflix from $1,400.00 to $1,500.00 and gave the stock an "overweight" rating in a report on Friday, July 18th. One investment 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 stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $1,297.66.

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.