Netflix, Inc. $NFLX Stake Lowered by MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH trimmed its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 19.4% in the 2nd quarter, Holdings Channel.com reports. The fund 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 SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NFLX. GAMMA Investing LLC raised its position in Netflix by 109,524.3% during the first quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network’s stock valued at $8,239,576,000 after acquiring an additional 8,827,662 shares in the last quarter. Nuveen LLC bought a new position in shares of Netflix during the 1st quarter valued at $2,385,585,000. Kingstone Capital Partners Texas LLC lifted its stake in shares of Netflix by 343,058.2% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 2,463,876 shares of the Internet television network’s stock valued at $3,299,450,000 after purchasing an additional 2,463,158 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Netflix by 57.3% in 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 during the last quarter. Finally, Amundi boosted its holdings in Netflix by 37.7% in the first quarter. Amundi now owns 2,070,221 shares of the Internet television network’s stock worth $1,898,496,000 after purchasing an additional 567,251 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on NFLX shares. JPMorgan Chase & Co. raised their target price on Netflix from $1,230.00 to $1,300.00 and gave the company a “neutral” rating in a report on Friday, July 18th. Rosenblatt Securities raised their price objective on Netflix from $1,514.00 to $1,515.00 and gave the company a “buy” rating in a research note on Friday, July 18th. Morgan Stanley reaffirmed an “equal weight” rating on shares of Netflix in a research report on Monday, July 21st. Pivotal Research reiterated a “buy” rating on shares of Netflix in a report on Thursday, July 10th. Finally, Loop Capital upgraded shares of Netflix from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $1,150.00 to $1,350.00 in a research note on Wednesday, September 17th. One analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,328.87.

Netflix Stock Up 0.4%

Shares of NFLX stock opened at $1,208.24 on Friday. Netflix, Inc. has a 12 month low of $677.88 and a 12 month high of $1,341.15. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58. The firm has a market cap 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 stock has a 50 day moving average of $1,208.72 and a 200-day moving average of $1,147.93.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.07 by $0.12. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The business had revenue of $11.08 billion for the quarter, compared to the consensus estimate of $11.04 billion. During the same quarter last year, the company posted $4.88 earnings per share. Netflix’s quarterly revenue was up 15.9% on a year-over-year basis. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. On average, equities analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Activity at Netflix

In other news, CEO Theodore A. Sarandos sold 2,026 shares of the company’s stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $1,160.62, for a total transaction of $2,351,416.12. Following the completion of the transaction, the chief executive officer owned 15,168 shares of the company’s stock, valued at approximately $17,604,284.16. This represents a 11.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gregory K. Peters sold 2,026 shares of Netflix 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 sale, the chief executive officer directly owned 12,781 shares in the company, valued at approximately $14,793,240.64. This trade represents a 13.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 88,728 shares of company stock worth $108,700,648. 1.37% of the stock is owned by company insiders.

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.