AM Investment Strategies LLC Takes Position in Netflix, Inc. (NASDAQ:NFLX)

Key Points

• AM Investment Strategies LLC acquired a new position in Netflix, purchasing 215 shares valued at approximately $200,000.
• Institutional investors own 80.93% of Netflix's stock, with significant purchases from firms like FMR LLC and Norges Bank in recent quarters.
• Netflix's earnings surpassed analysts' expectations, reporting $7.19 earnings per share and generating $11.08 billion in revenue for the last quarter.

AM Investment Strategies LLC acquired a new position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 215 shares of the Internet television network's stock, valued at approximately $200,000.

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

Netflix Price Performance

Shares of NASDAQ:NFLX traded down $0.27 during midday trading on Friday, hitting $1,180.49. The stock had a trading volume of 2,624,404 shares, compared to its average volume of 3,928,007. The company's 50-day moving average price is $1,236.44 and its 200-day moving average price is $1,071.39. The company has a market capitalization of $501.63 billion, a P/E ratio of 50.30, a price-to-earnings-growth ratio of 1.99 and a beta of 1.59. The company has a quick ratio of 1.20, a current ratio of 1.34 and a debt-to-equity ratio of 0.58. Netflix, Inc. has a fifty-two week low of $587.04 and a fifty-two week high of $1,341.15.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) 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 analysts' expectations of $11.04 billion. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The firm's quarterly revenue was up 15.9% compared to the same quarter last year. During the same period in the prior year, the company earned $4.88 EPS. As a group, equities research analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Buying and Selling at Netflix

In other Netflix news, Director Reed Hastings sold 26,977 shares of the company's stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $1,133.05, for a total value of $30,566,289.85. Following the completion of the transaction, the director directly owned 394 shares in the company, valued at approximately $446,421.70. This represents a 98.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jay C. Hoag sold 32,515 shares of the company's stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $1,101.97, for a total transaction of $35,830,554.55. Following the completion of the transaction, the director owned 79,040 shares of the company's stock, valued at approximately $87,099,708.80. This trade represents a 29.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 185,923 shares of company stock valued at $222,445,095. Insiders own 1.37% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on NFLX shares. Sanford C. Bernstein increased their target price on shares of Netflix from $1,200.00 to $1,390.00 and gave the stock an "outperform" rating in a report on Thursday, July 17th. Benchmark restated a "hold" rating on shares of Netflix in a report on Monday, April 21st. Guggenheim reiterated a "buy" rating and issued a $1,150.00 price target (up from $1,100.00) on shares of Netflix in a research note on Friday, April 18th. UBS Group reiterated a "market underperform" rating on shares of Netflix in a research note on Saturday, July 19th. Finally, Citigroup reissued a "neutral" rating and issued a $1,250.00 price objective (up previously from $1,020.00) on shares of Netflix in a research report on Thursday, May 29th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Netflix currently has an average rating of "Moderate Buy" and an average target price of $1,297.66.

About Netflix

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.