Netflix, Inc. (NASDAQ:NFLX) Holdings Raised by Raiffeisen Bank International AG

Key Points

• Raiffeisen Bank International AG increased its holdings in Netflix, Inc. by 32.5%, now owning 10,272 shares valued at approximately $9.59 million.
• Analysts have issued positive ratings and price targets for Netflix, with BMO Capital Markets raising its price objective to $1,425, indicating strong market confidence.
• Insider transactions revealed substantial stock sales, including a sale of 2,601 shares by CFO Spencer Adam Neumann totaling over $3.4 million, reflecting changes in insider ownership dynamics.

Raiffeisen Bank International AG grew its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 32.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,272 shares of the Internet television network's stock after purchasing an additional 2,519 shares during the quarter. Raiffeisen Bank International AG's holdings in Netflix were worth $9,592,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NFLX. Halbert Hargrove Global Advisors LLC lifted its position in Netflix by 100.0% in 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 purchased a new stake in Netflix during the fourth quarter worth about $27,000. Transce3nd LLC purchased a new stake in Netflix during the fourth quarter worth about $32,000. Copia Wealth Management purchased a new stake in Netflix during the fourth quarter worth about $37,000. Finally, Stuart Chaussee & Associates Inc. increased its stake in Netflix by 4,500.0% during the fourth quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock worth $41,000 after purchasing an additional 45 shares during the period. Institutional investors and hedge funds own 80.93% of the company's stock.

Netflix Stock Down 0.8%

Netflix stock traded down $9.89 during midday trading on Tuesday, hitting $1,161.10. 611,448 shares of the company were exchanged, compared to its average volume of 4,231,773. The company's fifty day moving average price is $1,234.03 and its 200-day moving average price is $1,087.86. The company has a market cap of $493.38 billion, a PE ratio of 49.40, a price-to-earnings-growth ratio of 1.95 and a beta of 1.59. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.34 and a quick ratio of 1.34. Netflix, Inc. has a fifty-two week low of $600.62 and a fifty-two week high of $1,341.15.

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 (EPS) for the quarter, beating analysts' consensus estimates of $7.07 by $0.12. Netflix had a return on equity of 42.50% and a net margin of 24.58%. 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 company posted $4.88 EPS. Netflix's quarterly revenue was up 15.9% on a year-over-year basis. On average, research analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Bank of America boosted their price target on shares of Netflix from $1,175.00 to $1,490.00 and gave the stock a "buy" rating in a research note on Friday, May 30th. UBS Group restated a "market underperform" rating on shares of Netflix in a research note on Saturday, July 19th. Macquarie increased their price target on shares of Netflix from $1,150.00 to $1,200.00 and gave the company an "outperform" rating in a research note on Monday, April 21st. Phillip Securities lowered shares of Netflix from a "hold" rating to a "strong sell" rating in a research note on Monday, July 21st. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $1,500.00 price target on shares of Netflix in a research note on Friday, July 18th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $1,297.66.

Insiders Place Their Bets

In other news, Director Jay C. Hoag sold 31,750 shares of the stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $1,252.35, for a total value of $39,762,112.50. Following the completion of the transaction, the director owned 63,040 shares of the company's stock, valued at approximately $78,948,144. This represents a 33.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Spencer Adam Neumann sold 2,601 shares of the company's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $1,162.40, for a total value of $3,023,402.40. Following the completion of the sale, the chief financial officer owned 3,691 shares of the company's stock, valued at approximately $4,290,418.40. This trade represents a 41.34% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 146,483 shares of company stock worth $179,492,976. Corporate 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.