Netflix, Inc. $NFLX Stock Holdings Trimmed by MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH

Key Points

• MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH has reduced its holdings in Netflix, Inc. by 19.4%, owning 28,007 shares worth approximately $37.5 million after selling 6,737 shares in the second quarter.
• Various hedge funds, including GAMMA Investing LLC and Kingstone Capital Partners Texas LLC, have significantly increased their stakes in Netflix, indicating a potential shift in institutional interest toward the stock.
• Netflix reported better-than-expected earnings per share of $7.19 for the last quarter, surpassing estimates, with projected guidance for FY 2025 indicating continued growth expectations.

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH decreased its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 19.4% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 28,007 shares of the Internet television network's stock after selling 6,737 shares during the quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH's holdings in Netflix were worth $37,505,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. GAMMA Investing LLC lifted its stake in shares of Netflix by 109,524.3% in the 1st quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network's stock worth $8,239,576,000 after acquiring an additional 8,827,662 shares during the period. Nuveen LLC bought a new stake in Netflix during the first quarter worth approximately $2,385,585,000. Kingstone Capital Partners Texas LLC lifted its position in Netflix by 343,058.2% in the second quarter. Kingstone Capital Partners Texas LLC now owns 2,463,876 shares of the Internet television network's stock worth $3,299,450,000 after purchasing an additional 2,463,158 shares during the period. Goldman Sachs Group Inc. boosted its stake in Netflix by 57.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,393,064 shares of the Internet television network's stock valued at $3,164,134,000 after purchasing an additional 1,236,251 shares in the last quarter. Finally, Amundi increased its position in shares of Netflix by 37.7% during the 1st quarter. Amundi now owns 2,070,221 shares of the Internet television network's stock valued at $1,898,496,000 after purchasing an additional 567,251 shares during the period. 80.93% of the stock is currently owned by institutional investors.

Netflix Price Performance

NFLX stock opened at $1,208.24 on Friday. Netflix, Inc. has a one year low of $677.88 and a one year high of $1,341.15. The firm has a 50-day moving average of $1,208.72 and a two-hundred day moving average of $1,147.93. The firm has a market capitalization of $513.42 billion, a PE ratio of 51.48, a P/E/G ratio of 2.03 and a beta of 1.60. 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 (NASDAQ:NFLX - Get Free Report) last released 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 business had revenue of $11.08 billion for 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%. The firm's quarterly revenue was up 15.9% compared to the same quarter last year. During the same period 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. On average, analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current year.

Analyst Ratings Changes

NFLX has been the subject of several research analyst reports. Citigroup restated a "neutral" rating and issued a $1,250.00 price objective (up previously from $1,020.00) on shares of Netflix in a report on Thursday, May 29th. The Goldman Sachs Group boosted their price target on shares of Netflix from $1,000.00 to $1,140.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 2nd. Wall Street Zen upgraded shares of Netflix from a "hold" rating to a "buy" rating in a research report on Saturday, September 13th. BMO Capital Markets reaffirmed an "outperform" rating and issued a $1,425.00 price objective (up previously from $1,200.00) on shares of Netflix in a research note on Tuesday, July 15th. Finally, UBS Group reiterated a "market underperform" rating on shares of Netflix in a report on Saturday, July 19th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, Netflix presently has a consensus rating of "Moderate Buy" and an average price target of $1,328.87.

Insider Activity at Netflix

In related news, insider Cletus R. Willems sold 238 shares of the company's stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $1,153.52, for a total transaction of $274,537.76. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Gregory K. Peters sold 2,026 shares of the stock in a transaction dated 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 directly owned 12,781 shares of the company's stock, valued at approximately $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. Over the last 90 days, insiders sold 88,728 shares of company stock worth $108,700,648. Insiders own 1.37% of the company's stock.

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.

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