Carmignac Gestion Has $295,000 Stock Position in Netflix, Inc. $NFLX

Carmignac Gestion lessened its stake in Netflix, Inc. (NASDAQ:NFLX) by 99.2% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,071 shares of the Internet television network’s stock after selling 395,291 shares during the quarter. Carmignac Gestion’s holdings in Netflix were worth $295,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Turning Point Benefit Group Inc. lifted its position in Netflix by 13,400.0% in the 4th quarter. Turning Point Benefit Group Inc. now owns 270 shares of the Internet television network’s stock valued at $25,000 after acquiring an additional 268 shares in the last quarter. Imprint Wealth LLC bought a new position in Netflix during the 3rd quarter worth about $25,000. Cornerstone Financial Management LLC bought a new position in Netflix during the 4th quarter worth about $26,000. Atlas Capital Advisors Inc. acquired a new stake in shares of Netflix in the 4th quarter valued at about $26,000. Finally, Jessup Wealth Management Inc acquired a new stake in shares of Netflix in the 4th quarter valued at about $27,000. Institutional investors own 80.93% of the company’s stock.

Netflix Price Performance

Shares of NASDAQ NFLX opened at $71.71 on Monday. The stock has a market capitalization of $298.60 billion, a price-to-earnings ratio of 22.57, a PEG ratio of 0.90 and a beta of 1.52. The business has a 50-day moving average of $76.66 and a 200-day moving average of $85.38. 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, Inc. has a fifty-two week low of $65.08 and a fifty-two week high of $126.71.

Netflix (NASDAQ:NFLX) last released its earnings results on Thursday, July 16th. The Internet television network reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.01. Netflix had a return on equity of 40.02% and a net margin of 28.22%.The business had revenue of $12.56 billion for the quarter, compared to the consensus estimate of $12.58 billion. During the same quarter in the previous year, the business earned $0.72 earnings per share. Netflix’s quarterly revenue was up 13.4% on a year-over-year basis. As a group, sell-side analysts predict that Netflix, Inc. will post 3.59 earnings per share for the current fiscal year.

More Netflix News

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix agreed to a five-year, approximately $500 million licensing deal covering all 371 episodes of The Walking Dead universe in international markets. The agreement strengthens Netflix’s global content lineup and adds a recognizable franchise beginning in 2027. Los Angeles Times article
• Positive Sentiment: Walmart-owned Flipkart is offering qualifying loyalty members a monthly Netflix mobile subscription after four orders in a month. The partnership could support customer acquisition and engagement in India, although the direct financial impact appears limited. Reuters article

Insider Transactions at Netflix

In other news, CEO Theodore A. Sarandos sold 27,312 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $87.97, for a total transaction of $2,402,636.64. Following the sale, the chief executive officer owned 284,804 shares in the company, valued at $25,054,207.88. This represents a 8.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Bradford L. Smith sold 35,990 shares of the stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $77.52, for a total value of $2,789,944.80. Following the completion of the sale, the director directly owned 79,690 shares of the company’s stock, valued at approximately $6,177,568.80. The trade was a 31.11% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 492,289 shares of company stock valued at $42,186,530. 1.24% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Pivotal Research cut their price target on Netflix from $96.00 to $70.00 and set a “hold” rating on the stock in a report on Friday, July 17th. Daiwa Securities Group increased their price objective on Netflix from $97.00 to $102.00 and gave the stock an “outperform” rating in a report on Thursday, April 23rd. JPMorgan Chase & Co. dropped their target price on Netflix from $118.00 to $85.00 and set an “overweight” rating on the stock in a research report on Friday, July 17th. Sanford C. Bernstein set a $95.00 target price on Netflix and gave the company an “outperform” rating in a research note on Friday, July 17th. Finally, Wolfe Research reaffirmed an “outperform” rating and set a $107.00 price target on shares of Netflix in a research report on Friday, April 17th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, seventeen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $103.48.

Netflix Company Profile

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.