Netflix, Inc. $NFLX Stock Position Raised by Generali Investments Management Co LLC

Key Points

• Generali Investments Management increased its Netflix stake by 24.2% in the third quarter, adding 15,550 shares for a total of 79,763 shares valued at approximately $5.55 million. Institutional investors collectively own 80.93% of Netflix.
• Netflix reported quarterly EPS of $0.80, slightly exceeding expectations, while revenue rose 13.4% year over year to $12.56 billion. Analysts maintain a broadly positive outlook, with a consensus “Moderate Buy” rating and an average price target of $93.82.
• Netflix shares opened at $70.53, near the lower end of their $65.08–$124.86 yearly range, while insiders sold shares worth roughly $13.1 million over the past 90 days, primarily to cover tax obligations related to equity awards.

Generali Investments Management Co LLC grew its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 24.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 79,763 shares of the Internet television network's stock after purchasing an additional 15,550 shares during the period. Netflix comprises 1.1% of Generali Investments Management Co LLC's holdings, making the stock its 21st largest holding. Generali Investments Management Co LLC's holdings in Netflix were worth $5,550,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. bought a new position in Netflix in the second quarter valued at about $24,902,221,000. State Street Corp increased its stake in Netflix by 4.9% in the second quarter. State Street Corp now owns 180,129,582 shares of the Internet television network's stock valued at $12,861,252,000 after purchasing an additional 8,474,820 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of Netflix by 4.3% during the first quarter. Bank of America Corp DE now owns 57,942,812 shares of the Internet television network's stock valued at $5,571,201,000 after acquiring an additional 2,376,349 shares in the last quarter. Bank of New York Mellon Corp bought a new position in Netflix in the 2nd quarter valued at about $1,906,482,000. Finally, Legal & General Group Plc bought a new position in Netflix during the 2nd quarter valued at $1,886,526,000. Institutional investors and hedge funds own 80.93% of the company's stock.

Netflix Stock Performance

NASDAQ:NFLX opened at $70.53 on Monday. Netflix, Inc. has a one year low of $65.08 and a one year high of $124.86. The business has a fifty day moving average price of $75.17 and a 200-day moving average price of $80.57. The firm has a market capitalization of $293.68 billion, a price-to-earnings ratio of 22.20, a price-to-earnings-growth ratio of 1.00 and a beta of 1.62. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.14 and a quick ratio of 1.14.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings results on Thursday, July 16th. The Internet television network reported $0.80 EPS for the quarter, beating analysts' consensus estimates of $0.79 by $0.01. The business had revenue of $12.56 billion for the quarter, compared to analysts' expectations of $12.58 billion. Netflix had a return on equity of 40.02% and a net margin of 28.22%. The business's quarterly revenue was up 13.4% on a year-over-year basis. During the same period last year, the firm earned $0.72 earnings per share. Sell-side analysts forecast that Netflix, Inc. will post 3.59 EPS for the current year.

Wall Street Analysts Forecast Growth

NFLX has been the subject of several research reports. Sanford C. Bernstein initiated coverage on Netflix in a research note on Monday, September 28th. They set a "buy" rating for the company. Daiwa Securities Group cut their price objective on shares of Netflix from $102.00 to $76.00 and set an "outperform" rating for the company in a research note on Wednesday, July 22nd. DZ Bank reiterated a "buy" rating on shares of Netflix in a research report on Monday, July 20th. Barclays set a $70.00 price target on Netflix and gave the company an "equal weight" rating in a report on Wednesday, October 7th. Finally, Bank of America dropped their price objective on Netflix from $125.00 to $105.00 and set a "buy" rating for the company in a report on Friday, July 17th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $93.82.

Insider Buying and Selling at Netflix

In other news, insider David Hyman sold 5,723 shares of the firm's stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $72.85, for a total value of $416,920.55. Following the completion of the sale, the insider directly owned 316,100 shares of the company's stock, valued at $23,027,885. This trade represents a 1.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Theodore Sarandos sold 27,312 shares of the company's stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $73.35, for a total transaction of $2,003,335.20. Following the transaction, the chief executive officer owned 178,954 shares in the company, valued at $13,126,275.90. The trade was a 13.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 179,045 shares of company stock worth $13,132,194. Company insiders own 1.24% of the company's stock.

Netflix News Roundup

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Jefferies initiated coverage with a Buy rating and an $85 price target, citing potential upside from advertising, pricing, live sports and continued platform monetization. Jefferies Makes a Bold $85 Call on Netflix Stock
• Positive Sentiment: Wall Street expects third-quarter revenue and earnings per share to increase year over year. Analysts remain broadly constructive, and some investors see Netflix as a potential “sleeper” beneficiary if technology stocks continue to recover. Netflix Gears Up for Q3 Earnings
• Positive Sentiment: Netflix’s documentary about Elizabeth Holmes generated more than 2,000 sold-out screenings, highlighting the company’s ability to create additional revenue and attention through theatrical releases. Elizabeth Holmes Film Opens to Over 2,000 Sold-Out Shows
• Neutral Sentiment: Netflix will face heightened volatility around its earnings release. Historical data shows the shares have often gained during the fourth quarter, but October earnings have also produced unusually large one-day moves. Netflix Fourth-Quarter Stock Performance
• Negative Sentiment: Investors are questioning user engagement, membership churn and whether Netflix has enough compelling content to reignite growth. The company’s weaker content calendar and pressure to produce another breakout hit could weigh on expectations. Netflix Faces Questions on User Engagement
• Negative Sentiment: Netflix cut roughly 1,000 jobs, or about 6% of its workforce, and replaced content chief Bela Bajaria with Peter Rice. While the moves may reduce costs and refresh content strategy, they also signal operational disruption and concerns about growth. Netflix Replaces Bela Bajaria With Peter Rice
• Negative Sentiment: Several analysts recently lowered their price targets, and Rosenblatt reaffirmed a Neutral rating. One fund manager also sold shares before earnings, citing churn, content concerns and the leadership shake-up. Netflix Content and Layoffs Prompt Share Sale

Netflix Company Profile

Netflix, Inc NASDAQ: NFLX is a global entertainment company that provides subscription-based streaming services. Its platform offers a broad selection of television series, films, documentaries, stand-up specials and other programming, including content produced by Netflix and licensed from third-party studios and creators.

The company also develops and distributes original productions under the Netflix brand and has expanded into additional entertainment offerings, including mobile and cloud-based games in select markets and live programming.

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