Groupe la Francaise Cuts Stock Position in Netflix, Inc. $NFLX

Groupe la Francaise decreased its position in shares of Netflix, Inc. (NASDAQ:NFLXFree Report) by 34.7% during the 1st quarter, Holdings Channel.com reports. The fund owned 621,225 shares of the Internet television network’s stock after selling 329,490 shares during the period. Netflix accounts for about 0.8% of Groupe la Francaise’s holdings, making the stock its 27th largest position. Groupe la Francaise’s holdings in Netflix were worth $58,905,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of NFLX. Vanguard Group Inc. increased its stake in Netflix by 912.5% during the fourth quarter. Vanguard Group Inc. now owns 390,014,981 shares of the Internet television network’s stock worth $36,567,805,000 after purchasing an additional 351,493,659 shares during the period. State Street Corp boosted its stake in shares of Netflix by 927.6% in the fourth quarter. State Street Corp now owns 176,780,995 shares of the Internet television network’s stock valued at $16,574,986,000 after purchasing an additional 159,578,053 shares during the period. Geode Capital Management LLC grew its holdings in shares of Netflix by 892.0% in the fourth quarter. Geode Capital Management LLC now owns 99,598,678 shares of the Internet television network’s stock valued at $9,305,336,000 after purchasing an additional 89,558,684 shares in the last quarter. Capital World Investors grew its holdings in shares of Netflix by 859.1% in the fourth quarter. Capital World Investors now owns 89,341,444 shares of the Internet television network’s stock valued at $8,376,656,000 after purchasing an additional 80,025,890 shares in the last quarter. Finally, Morgan Stanley increased its stake in Netflix by 903.0% during the 4th quarter. Morgan Stanley now owns 85,349,973 shares of the Internet television network’s stock worth $8,002,414,000 after buying an additional 76,840,318 shares during the period. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Netflix news, CEO Gregory K. Peters sold 27,312 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $88.69, for a total transaction of $2,422,301.28. Following the transaction, the chief executive officer owned 120,931 shares in the company, valued at approximately $10,725,370.39. The trade was a 18.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Spencer Adam Neumann sold 9,253 shares of the company’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $88.95, for a total value of $823,054.35. Following the transaction, the chief financial officer directly owned 73,787 shares in the company, valued at $6,563,353.65. This represents a 11.14% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 492,289 shares of company stock valued at $42,186,530. 1.24% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms have issued reports on NFLX. Needham & Company LLC reiterated a “buy” rating on shares of Netflix in a report on Friday, April 17th. BMO Capital Markets downgraded shares of Netflix from an “outperform” rating to a “market perform” rating in a research note on Monday, July 20th. Moffett Nathanson cut their price objective on Netflix from $120.00 to $115.00 and set a “buy” rating on the stock in a research report on Wednesday, June 17th. Citic Securities increased their price objective on Netflix from $95.00 to $107.00 and gave the company a “hold” rating in a research note on Monday, April 27th. Finally, Deutsche Bank Aktiengesellschaft set a $110.00 target price on Netflix in a report on Monday, July 20th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, seventeen have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Netflix currently has a consensus rating of “Moderate Buy” and an average price target of $103.48.

View Our Latest Research Report on NFLX

More Netflix News

Here are the key news stories impacting Netflix this week:

  • Positive Sentiment: Netflix signed a reported $500 million global licensing agreement for “The Walking Dead” universe. The deal could support viewing engagement, subscriber retention and advertising revenue, although the content cost will weigh on near-term economics. Netflix lands global streaming deal for The Walking Dead
  • Positive Sentiment: Netflix’s selective push into live programming is attracting subscribers and boosting engagement and advertising opportunities. The reported agreement to carry the 2027 FIFA Women’s World Cup in the United States and Canada could strengthen its live-content strategy, though the rights reportedly cost about $200 million. Netflix’s Live Content Push
  • Positive Sentiment: Streaming continues to gain share of television viewing, and one analyst publicly recommended Netflix as an investment idea, offering some support for the long-term growth case. Netflix on CNBC’s Final Trades

Netflix Price Performance

Shares of NASDAQ NFLX opened at $73.17 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.14 and a current ratio of 1.14. Netflix, Inc. has a fifty-two week low of $65.08 and a fifty-two week high of $126.71. The firm has a market capitalization of $304.68 billion, a PE ratio of 23.03, a price-to-earnings-growth ratio of 0.92 and a beta of 1.52. The stock’s 50-day simple moving average is $77.00 and its 200-day simple moving average is $85.50.

Netflix (NASDAQ:NFLXGet Free Report) last announced its quarterly earnings results on Thursday, July 16th. The Internet television network reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.01. Netflix had a net margin of 28.22% and a return on equity of 40.02%. The firm had revenue of $12.56 billion during the quarter, compared to analysts’ expectations of $12.58 billion. During the same period in the previous year, the company earned $0.72 earnings per share. Netflix’s quarterly revenue was up 13.4% compared to the same quarter last year. As a group, equities research analysts forecast that Netflix, Inc. will post 3.59 EPS for the current fiscal year.

About Netflix

(Free Report)

Netflix, Inc (NASDAQ: NFLX) is a global entertainment company that provides subscription-based streaming of films, television series, documentaries and other video content. Founded in 1997 by Reed Hastings and Marc Randolph and headquartered in Los Gatos, California, the company began as a DVD-by-mail rental service and introduced streaming video in 2007. Netflix later expanded into producing and distributing original programming, beginning notable original hits in the 2010s, and now operates a content production and distribution ecosystem alongside its licensing activity.

The company’s primary product is its on-demand streaming service, which can be accessed on a wide range of internet-connected devices and delivered through a suite of apps and web platforms.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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