Baader Bank Aktiengesellschaft Cuts Stake in Netflix, Inc. $NFLX

Baader Bank Aktiengesellschaft reduced its position in Netflix, Inc. (NASDAQ:NFLX) by 18.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,435 shares of the Internet television network’s stock after selling 1,194 shares during the quarter. Baader Bank Aktiengesellschaft’s holdings in Netflix were worth $7,276,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of NFLX. Halbert Hargrove Global Advisors LLC grew its holdings in Netflix by 100.0% in the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network’s stock worth $25,000 after purchasing an additional 13 shares during the last quarter. Brown Shipley& Co Ltd purchased a new position in Netflix in the fourth quarter worth $27,000. Copia Wealth Management acquired a new stake in shares of Netflix during the fourth quarter worth $37,000. Flaharty Asset Management LLC acquired a new stake in shares of Netflix during the first quarter worth $37,000. Finally, Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Netflix during the first quarter worth $42,000. 80.93% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NFLX has been the subject of several research reports. Zacks Research downgraded shares of Netflix from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 1st. Loop Capital upgraded shares of 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 research note on Wednesday. Needham & Company LLC reiterated a “buy” rating and set a $1,500.00 price objective on shares of Netflix in a research note on Wednesday, September 10th. Jefferies Financial Group reiterated a “buy” rating on shares of Netflix in a research note on Thursday, September 11th. Finally, Citigroup reiterated a “neutral” rating and set a $1,250.00 price objective (up from $1,020.00) on shares of Netflix in a research note on Thursday, May 29th. One analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $1,328.87.

Netflix Trading Up 2.3%

Shares of Netflix stock opened at $1,228.50 on Thursday. The firm has a 50-day simple moving average of $1,213.71 and a two-hundred day simple moving average of $1,136.26. The company has a market cap of $522.02 billion, a P/E ratio of 52.34, a price-to-earnings-growth ratio of 2.02 and a beta of 1.60. Netflix, Inc. has a fifty-two week low of $677.88 and a fifty-two week high of $1,341.15. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34.

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

Insider Buying and Selling at Netflix

In other news, insider Cletus R. Willems sold 238 shares of the business’s stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $1,153.52, for a total transaction of $274,537.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider David A. Hyman sold 424 shares of the business’s stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $1,158.67, for a total transaction of $491,276.08. Following the sale, the insider directly owned 31,610 shares of the company’s stock, valued at $36,625,558.70. This represents a 1.32% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 89,348 shares of company stock valued at $109,498,489. Corporate insiders own 1.37% of the company’s stock.

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.