Ameritas Advisory Services LLC Grows Holdings in Netflix, Inc. $NFLX

Ameritas Advisory Services LLC boosted its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 162.7% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 49,078 shares of the Internet television network's stock after purchasing an additional 30,395 shares during the period. Ameritas Advisory Services LLC's holdings in Netflix were worth $3,504,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NFLX. Brighton Jones LLC lifted its stake in Netflix by 5.0% in the fourth quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network's stock valued at $4,804,000 after purchasing an additional 257 shares during the last quarter. Revolve Wealth Partners LLC increased its position in Netflix by 16.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network's stock worth $912,000 after buying an additional 144 shares during the last quarter. Sivia Capital Partners LLC increased its position in Netflix by 21.2% in the second quarter. Sivia Capital Partners LLC now owns 1,406 shares of the Internet television network's stock worth $1,883,000 after buying an additional 246 shares during the last quarter. Strategic Investment Advisors MI raised its stake in shares of Netflix by 18.9% in the second quarter. Strategic Investment Advisors MI now owns 774 shares of the Internet television network's stock valued at $1,036,000 after buying an additional 123 shares during the period. Finally, Schnieders Capital Management LLC. raised its stake in shares of Netflix by 12.1% in the second quarter. Schnieders Capital Management LLC. now owns 2,115 shares of the Internet television network's stock valued at $2,832,000 after buying an additional 228 shares during the period. Hedge funds and other institutional investors own 80.93% of the company's stock.

Trending Headlines about Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Several analysts and investors view the selloff as a potential buying opportunity. Recent coverage highlights Netflix’s improving free-cash-flow yield, while published price targets remain materially above the current quotation, with a reported median target of $115. Netflix: The Best Free Cash Flow Yield In A Decade
• Positive Sentiment: Netflix is reportedly releasing box-office figures for six upcoming films, including Narnia: The Magician’s Nephew and Charlie and the Chocolate Factory. Greater theatrical transparency could support interest in its film strategy and help evaluate content economics. Netflix Movie-Theater Strategy
• Positive Sentiment: Pershing Square reportedly added Netflix shares in the second quarter, and bullish commentary points to content momentum, advertising and live-event opportunities as potential recovery catalysts. Bill Ackman’s Netflix Investment
• Neutral Sentiment: Discussion that Netflix could be broken into separate streaming, studio, advertising, gaming or live-event businesses appears unlikely to drive near-term trading; the company’s integrated model is viewed as central to its value. Why Netflix’s Breakup May Not Work
• Negative Sentiment: South African regulators are investigating consumer pricing for digital streaming services. The probe raises the risk of pricing restrictions, higher compliance costs or limits on future subscription increases. Netflix Faces South Africa Price Probe
• Negative Sentiment: Recent coverage also cites weak risk appetite across growth and media stocks, concerns about quarterly revenue and forward guidance, and extensive insider selling. These factors are weighing on sentiment despite Netflix’s profitable business and year-over-year revenue growth. Netflix Suffers a Larger Drop Than the General Market

Insider Activity

In related news, CFO Spencer Neumann sold 9,248 shares of the stock in a transaction on Monday, August 10th. The stock was sold at an average price of $75.79, for a total value of $700,905.92. Following the sale, the chief financial officer owned 73,787 shares in the company, valued at approximately $5,592,316.73. This trade represents a 11.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider David A. Hyman sold 5,723 shares of Netflix stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $72.85, for a total value of $416,920.55. Following the sale, the insider directly owned 316,100 shares of the company's stock, valued at $23,027,885. This represents a 1.78% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders sold 213,595 shares of company stock worth $15,812,072. Company insiders own 1.24% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on NFLX shares. Wells Fargo & Company set a $80.00 price target on Netflix and gave the company an "equal weight" rating in a research report on Friday, July 17th. Bank of America lowered their price objective on Netflix from $125.00 to $105.00 and set a "buy" rating on the stock in a research note on Friday, July 17th. KeyCorp reaffirmed an "overweight" rating and set a $92.00 price objective (down from $115.00) on shares of Netflix in a report on Monday, July 13th. President Capital cut their target price on shares of Netflix from $134.00 to $83.00 and set a "buy" rating for the company in a research report on Monday, July 20th. Finally, Robert W. Baird set a $90.00 target price on shares of Netflix and gave the stock an "outperform" rating in a research note on Wednesday, July 22nd. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, sixteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $96.65.

Netflix Stock Down 1.9%

NFLX stock opened at $76.77 on Wednesday. The stock has a 50-day simple moving average of $75.71 and a two-hundred day simple moving average of $84.45. Netflix, Inc. has a twelve month low of $65.08 and a twelve month high of $126.70. The firm has a market capitalization of $319.67 billion, a PE ratio of 24.16, a PEG ratio of 1.10 and a beta of 1.53. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.39.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings results on Thursday, July 16th. The Internet television network reported $0.80 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.79 by $0.01. The firm had revenue of $12.56 billion for the quarter, compared to the consensus estimate of $12.58 billion. Netflix had a net margin of 28.22% and a return on equity of 40.02%. The company's revenue for the quarter was up 13.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.72 earnings per share. On average, equities analysts predict that Netflix, Inc. will post 3.59 EPS for the current fiscal year.

Netflix Company Profile

Netflix, Inc NASDAQ: NFLX is a global entertainment company that provides subscription-based streaming access to television series, films, documentaries and other video content. Its service includes Netflix-produced and licensed programming, with offerings that may vary by market. The company also provides an advertising-supported plan in selected countries and has expanded into mobile games and other interactive entertainment.

Netflix was founded in 1997 by Reed Hastings and Marc Randolph as a DVD-by-mail rental service in the United States.

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