Annis Gardner Whiting Capital Advisors LLC Has $2.23 Million Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Key Points

• Annis Gardner Whiting Capital Advisors LLC reduced its stake in Netflix, Inc. by 41.5%, holding 2,387 shares valued at approximately $2.23 million as of the end of the quarter.
• Overall, institutional investors own 80.93% of Netflix's stock, indicating strong confidence from large financial entities.
• Netflix's recent earnings report showed a 24.58% net margin with revenues of $11.08 billion for the quarter, exceeding analyst expectations.

Annis Gardner Whiting Capital Advisors LLC trimmed its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 41.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,387 shares of the Internet television network's stock after selling 1,693 shares during the quarter. Netflix comprises about 0.9% of Annis Gardner Whiting Capital Advisors LLC's investment portfolio, making the stock its 18th largest holding. Annis Gardner Whiting Capital Advisors LLC's holdings in Netflix were worth $2,226,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Resurgent Financial Advisors LLC increased its position in Netflix by 234.4% during the first quarter. Resurgent Financial Advisors LLC now owns 1,010 shares of the Internet television network's stock worth $942,000 after acquiring an additional 708 shares during the period. Janus Henderson Group PLC increased its position in Netflix by 8.7% during the fourth quarter. Janus Henderson Group PLC now owns 1,377,081 shares of the Internet television network's stock worth $1,227,468,000 after acquiring an additional 110,432 shares during the period. PharVision Advisers LLC bought a new position in Netflix during the fourth quarter worth about $873,000. New England Research & Management Inc. increased its position in Netflix by 148.5% during the first quarter. New England Research & Management Inc. now owns 2,122 shares of the Internet television network's stock worth $1,979,000 after acquiring an additional 1,268 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its position in Netflix by 6.1% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 54,638 shares of the Internet television network's stock worth $50,952,000 after acquiring an additional 3,137 shares during the period. 80.93% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

NFLX has been the topic of several recent analyst reports. UBS Group reissued a "market underperform" rating on shares of Netflix in a report on Saturday, July 19th. Evercore ISI reissued an "outperform" rating on shares of Netflix in a report on Thursday, May 15th. Cfra Research raised shares of Netflix to a "strong-buy" rating in a report on Monday, April 28th. Rosenblatt Securities raised their target price on shares of Netflix from $1,514.00 to $1,515.00 and gave the company a "buy" rating in a report on Friday, July 18th. Finally, Wall Street Zen raised shares of Netflix from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Three analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $1,297.66.

Insider Buying and Selling

In related news, Director Reed Hastings sold 22,765 shares of the company's stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $1,162.46, for a total transaction of $26,463,401.90. Following the transaction, the director directly owned 394 shares of the company's stock, valued at approximately $458,009.24. This represents a 98.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Strive Masiyiwa sold 290 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $1,336.54, for a total value of $387,596.60. The disclosure for this sale can be found here. Insiders sold a total of 146,483 shares of company stock worth $179,492,976 over the last 90 days. 1.37% of the stock is owned by company insiders.

Netflix Stock Up 1.1%

Shares of NASDAQ NFLX opened at $1,170.99 on Tuesday. The company has a market capitalization of $497.58 billion, a P/E ratio of 49.89, a price-to-earnings-growth ratio of 1.95 and a beta of 1.59. Netflix, Inc. has a 52-week low of $587.04 and a 52-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. The company's 50 day moving average price is $1,234.03 and its 200-day moving average price is $1,087.86.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $11.04 billion. During the same period in the prior year, the firm earned $4.88 earnings per share. Netflix's revenue was up 15.9% on a year-over-year basis. Equities analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current 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.

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