ST Germain D J Co. Inc. Has $48.77 Million Position in Netflix, Inc. $NFLX

Key Points

• ST Germain D J Co. Inc. reduced its holdings in Netflix by 3.7%, owning 36,416 shares valued at approximately $48.77 million, which represents around 2.1% of their investment portfolio.
• CEO Gregory K. Peters and Theodore A. Sarandos both sold 2,026 shares of Netflix stock in August, reducing their ownership by 13.68% and 11.78%, respectively.
• Analysts have raised Netflix's stock price targets, with most recommending a Buy rating, leading to an average target price of $1,328.87.

ST Germain D J Co. Inc. decreased its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 3.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,416 shares of the Internet television network's stock after selling 1,394 shares during the period. Netflix comprises about 2.1% of ST Germain D J Co. Inc.'s investment portfolio, making the stock its 8th biggest holding. ST Germain D J Co. Inc.'s holdings in Netflix were worth $48,766,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Optima Capital LLC increased its holdings in shares of Netflix by 3.5% in the 2nd quarter. Optima Capital LLC now owns 239 shares of the Internet television network's stock worth $320,000 after purchasing an additional 8 shares in the last quarter. Unified Investment Management increased its holdings in shares of Netflix by 1.7% in the 2nd quarter. Unified Investment Management now owns 474 shares of the Internet television network's stock worth $635,000 after purchasing an additional 8 shares in the last quarter. Plancorp LLC increased its holdings in shares of Netflix by 0.6% in the 2nd quarter. Plancorp LLC now owns 1,278 shares of the Internet television network's stock worth $1,711,000 after purchasing an additional 8 shares in the last quarter. Five Oceans Advisors increased its holdings in shares of Netflix by 1.1% in the 2nd quarter. Five Oceans Advisors now owns 751 shares of the Internet television network's stock worth $1,006,000 after purchasing an additional 8 shares in the last quarter. Finally, Fullcircle Wealth LLC increased its holdings in shares of Netflix by 2.5% in the 1st quarter. Fullcircle Wealth LLC now owns 369 shares of the Internet television network's stock worth $344,000 after purchasing an additional 9 shares in the last quarter. Institutional investors own 80.93% of the company's stock.

Insiders Place Their Bets

In other news, CEO Gregory K. Peters sold 2,026 shares of the business's 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 transaction, the chief executive officer directly owned 12,781 shares in the company, valued at $14,793,240.64. The trade was a 13.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Theodore A. Sarandos sold 2,026 shares of the business's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $1,160.62, for a total value of $2,351,416.12. Following the completion of the transaction, the chief executive officer owned 15,168 shares in the company, valued at $17,604,284.16. The trade was a 11.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 88,728 shares of company stock valued at $108,700,648 over the last three months. Insiders own 1.37% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Rosenblatt Securities lifted their price objective on Netflix from $1,514.00 to $1,515.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Sanford C. Bernstein lifted their price objective on Netflix from $1,200.00 to $1,390.00 and gave the stock an "outperform" rating in a report on Thursday, July 17th. Loop Capital raised Netflix from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $1,150.00 to $1,350.00 in a report on Wednesday, September 17th. Oppenheimer lifted their price objective on Netflix from $1,200.00 to $1,425.00 and gave the stock an "outperform" rating in a report on Thursday, June 12th. Finally, Seaport Res Ptn lowered Netflix from a "strong-buy" rating to a "hold" rating in a report on Sunday, July 6th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $1,328.87.

Netflix Price Performance

NASDAQ NFLX opened at $1,208.24 on Friday. The company has a market capitalization of $513.42 billion, a PE ratio of 51.48, a price-to-earnings-growth ratio of 2.03 and a beta of 1.60. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34. The business's fifty day moving average is $1,208.72 and its 200 day moving average is $1,147.93. Netflix, Inc. has a fifty-two week low of $677.88 and a fifty-two week high of $1,341.15.

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, beating the consensus estimate of $7.07 by $0.12. The company had revenue of $11.08 billion for the quarter, compared to the consensus estimate of $11.04 billion. Netflix had a return on equity of 42.50% and a net margin of 24.58%.Netflix's quarterly revenue was up 15.9% compared to the same quarter last year. During the same period in the previous year, the business earned $4.88 earnings per share. 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 earnings per share for the current year.

Netflix 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.

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