Amundi Acquires 567,251 Shares of Netflix, Inc. $NFLX

Amundi boosted its stake in Netflix, Inc. (NASDAQ:NFLX) by 37.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,070,221 shares of the Internet television network’s stock after purchasing an additional 567,251 shares during the period. Netflix comprises approximately 0.7% of Amundi’s investment portfolio, making the stock its 18th biggest position. Amundi’s holdings in Netflix were worth $1,898,496,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fullcircle Wealth LLC raised its position in shares of Netflix by 2.5% during the first quarter. Fullcircle Wealth LLC now owns 369 shares of the Internet television network’s stock worth $344,000 after acquiring an additional 9 shares during the last quarter. Capital Analysts LLC raised its holdings in Netflix by 0.3% during the 1st quarter. Capital Analysts LLC now owns 2,620 shares of the Internet television network’s stock worth $2,443,000 after purchasing an additional 9 shares during the last quarter. Enterprise Financial Services Corp lifted its position in shares of Netflix by 1.8% in the 1st quarter. Enterprise Financial Services Corp now owns 505 shares of the Internet television network’s stock worth $471,000 after purchasing an additional 9 shares during the period. Continuum Wealth Advisors LLC lifted its position in shares of Netflix by 4.4% in the 1st quarter. Continuum Wealth Advisors LLC now owns 235 shares of the Internet television network’s stock worth $219,000 after purchasing an additional 10 shares during the period. Finally, Financial Enhancement Group LLC boosted its stake in shares of Netflix by 2.5% in the 1st quarter. Financial Enhancement Group LLC now owns 412 shares of the Internet television network’s stock valued at $384,000 after purchasing an additional 10 shares during the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Netflix

In other news, CFO Spencer Adam Neumann sold 685 shares of the stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $1,161.21, for a total value of $795,428.85. Following the completion of the sale, the chief financial officer directly owned 3,691 shares of the company’s stock, valued at $4,286,026.11. This represents a 15.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Theodore A. Sarandos sold 2,026 shares of the firm’s stock in a transaction that occurred on 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. This represents a 11.78% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 93,629 shares of company stock valued at $116,131,982 over the last quarter. 1.37% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

NFLX has been the subject of a number of analyst reports. Pivotal Research reissued a “buy” rating on shares of Netflix in a research note on Thursday, July 10th. KeyCorp lifted their price objective on Netflix from $1,070.00 to $1,390.00 and gave the stock an “overweight” rating in a research report on Thursday, July 10th. Jefferies Financial Group restated a “buy” rating on shares of Netflix in a research report on Tuesday, August 12th. Loop Capital reaffirmed a “hold” rating on shares of Netflix in a research note on Tuesday, July 15th. Finally, Wall Street Zen lowered Netflix from a “buy” rating to a “hold” rating in a research note on Saturday. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $1,297.66.

Netflix Price Performance

Shares of NASDAQ:NFLX opened at $1,214.11 on Wednesday. Netflix, Inc. has a twelve month low of $660.80 and a twelve month high of $1,341.15. The stock’s 50 day moving average is $1,228.91 and its 200-day moving average is $1,120.25. 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 capitalization of $515.91 billion, a price-to-earnings ratio of 51.73, a PEG ratio of 2.03 and a beta of 1.60.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to the consensus estimate of $11.04 billion. During the same quarter last year, the firm posted $4.88 EPS. Netflix’s revenue was up 15.9% compared to the same quarter last year. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. Sell-side analysts forecast that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Netflix Company 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.