Alpha Family Trust Acquires 205 Shares of Netflix, Inc. $NFLX

Key Points

• Alpha Family Trust increased its stake in Netflix, acquiring an additional 205 shares during the first quarter, bringing its total holdings to 2,710 shares, valued at approximately $2,527,000.
• Insider trading reports revealed significant sales, with CEO Theodore A. Sarandos selling 2,026 shares and insider David A. Hyman selling 424 shares, reflecting a notable decrease in their ownership percentages.
• Netflix's stock opened at $1,238.95, with notable financial metrics including a market cap of $526.46 billion and a recent EPS of $7.19, exceeding analysts' expectations.

Alpha Family Trust boosted its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 8.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,710 shares of the Internet television network's stock after acquiring an additional 205 shares during the period. Netflix makes up approximately 1.5% of Alpha Family Trust's holdings, making the stock its 12th largest holding. Alpha Family Trust's holdings in Netflix were worth $2,527,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NFLX. Halbert Hargrove Global Advisors LLC increased its stake in shares of Netflix by 100.0% in the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock valued at $25,000 after buying an additional 13 shares in the last quarter. Brown Shipley& Co Ltd acquired a new position in shares of Netflix in the 4th quarter valued at $27,000. Transce3nd LLC acquired a new position in shares of Netflix in the 4th quarter valued at $32,000. Copia Wealth Management acquired a new position in shares of Netflix in the 4th quarter valued at $37,000. Finally, Stuart Chaussee & Associates Inc. increased its position in shares of Netflix by 4,500.0% in the 4th quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock valued at $41,000 after buying an additional 45 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Netflix

In related news, insider David A. Hyman sold 424 shares of the stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $1,158.67, for a total value of $491,276.08. Following the completion of the transaction, the insider directly owned 31,610 shares of the company's stock, valued at $36,625,558.70. This trade represents a 1.32% decrease in their position. 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 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 transaction of $2,351,416.12. Following the completion of the transaction, the chief executive officer directly owned 15,168 shares of the company's stock, valued at $17,604,284.16. The trade was a 11.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 146,307 shares of company stock valued at $179,443,809. 1.37% of the stock is currently owned by corporate insiders.

Netflix Stock Up 0.7%

Shares of Netflix stock opened at $1,238.95 on Monday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.34 and a quick ratio of 1.34. Netflix, Inc. has a 1 year low of $660.80 and a 1 year high of $1,341.15. The firm's 50-day moving average is $1,231.23 and its two-hundred day moving average is $1,103.91. The stock has a market cap of $526.46 billion, a price-to-earnings ratio of 52.79, a PEG ratio of 2.09 and a beta of 1.59.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, beating the consensus estimate of $7.07 by $0.12. The business had revenue of $11.08 billion during the quarter, compared to analyst estimates of $11.04 billion. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The company's quarterly revenue was up 15.9% on a year-over-year basis. During the same period in the prior year, the firm posted $4.88 earnings per share. As a group, research analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently commented on NFLX. Evercore ISI restated an "outperform" rating on shares of Netflix in a research report on Thursday, May 15th. Macquarie increased their price objective on shares of Netflix from $1,150.00 to $1,200.00 and gave the stock an "outperform" rating in a research note on Monday, April 21st. Jefferies Financial Group reiterated a "buy" rating on shares of Netflix in a research note on Tuesday, August 12th. Bank of America raised their price objective on shares of Netflix from $1,175.00 to $1,490.00 and gave the stock a "buy" rating in a research report on Friday, May 30th. Finally, Robert W. Baird raised their price objective on shares of Netflix from $1,300.00 to $1,500.00 and gave the stock an "outperform" rating in a research report on Monday, July 21st. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $1,297.66.

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.

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