BNP PARIBAS ASSET MANAGEMENT Holding S.A. Acquires 130,946 Shares of Netflix, Inc. $NFLX

Key Points

• BNP PARIBAS ASSET MANAGEMENT increased its stake in Netflix by 42.1% in the first quarter, now owning 441,861 shares valued at approximately $412 million.
• Institutional investors collectively own 80.93% of Netflix's stock, with companies like GAMMA Investing and Vanguard Group also significantly increasing their holdings recently.
• Netflix's stock reached a high of $1,341.15 over the past year, demonstrating a 15.9% revenue growth year-over-year, with recent EPS outperforming analyst expectations.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 42.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 441,861 shares of the Internet television network's stock after buying an additional 130,946 shares during the quarter. Netflix accounts for 1.1% of BNP PARIBAS ASSET MANAGEMENT Holding S.A.'s investment portfolio, making the stock its 11th largest holding. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned about 0.10% of Netflix worth $412,059,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Halbert Hargrove Global Advisors LLC increased its holdings in Netflix by 100.0% during the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock valued at $25,000 after buying an additional 13 shares during the last quarter. Brown Shipley& Co Ltd bought a new position in shares of Netflix during the fourth quarter valued at approximately $27,000. Transce3nd LLC bought a new position in shares of Netflix in the fourth quarter worth about $32,000. Copia Wealth Management bought a new position in shares of Netflix during the 4th quarter worth $37,000. Finally, Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of Netflix during the 1st quarter worth $42,000. Hedge funds and other institutional investors own 80.93% of the company's stock.

Insider Transactions at Netflix

In other news, CEO Gregory K. Peters sold 2,026 shares of Netflix stock in a transaction 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 transaction, the chief executive officer directly owned 12,781 shares of the company's stock, valued at $14,793,240.64. This trade represents a 13.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider David A. Hyman sold 424 shares of the business's stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $1,158.67, for a total value of $491,276.08. Following the completion of the sale, the insider owned 31,610 shares in the company, valued at $36,625,558.70. The trade was a 1.32% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 146,307 shares of company stock valued at $179,443,809. 1.37% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. TD Cowen lifted their target price on shares of Netflix from $1,440.00 to $1,450.00 and gave the company a "buy" rating in a report on Friday, July 18th. Needham & Company LLC reaffirmed a "buy" rating and set a $1,500.00 target price on shares of Netflix in a research note on Friday, July 18th. BMO Capital Markets restated an "outperform" rating and set a $1,425.00 target price (up previously from $1,200.00) on shares of Netflix in a research note on Tuesday, July 15th. Wolfe Research set a $1,340.00 price objective on Netflix and gave the company an "outperform" rating in a research note on Friday, May 16th. Finally, Loop Capital reissued a "hold" rating on shares of Netflix in a research note on Tuesday, July 15th. One equities research 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 issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $1,297.66.

Netflix Stock Performance

Netflix stock traded down $0.4720 during mid-day trading on Friday, reaching $1,205.7380. The company's stock had a trading volume of 1,718,259 shares, compared to its average volume of 4,126,044. Netflix, Inc. has a twelve month low of $660.80 and a twelve month high of $1,341.15. The firm has a market cap of $512.35 billion, a price-to-earnings ratio of 51.36, a PEG ratio of 2.04 and a beta of 1.59. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58. The business has a 50 day moving average price of $1,231.56 and a 200-day moving average price of $1,108.85.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly 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. The company had revenue of $11.08 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the prior year, the company earned $4.88 EPS. 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 EPS for the current fiscal year.

About Netflix

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.