81,315 Shares in Netflix, Inc. (NASDAQ:NFLX) Bought by ASR Vermogensbeheer N.V.

Key Points

• ASR Vermogensbeheer N.V. has acquired 81,315 shares of Netflix, Inc. for approximately $75.8 million, making it the firm's 14th largest holding at 1.1% of its portfolio.
• GAMMA Investing LLC significantly increased its stake in Netflix by over 109,000%, now owning nearly 8.84 million shares valued at approximately $8.24 billion after a major purchase.
• Netflix's most recent earnings report showed an earnings per share (EPS) of $7.19, exceeding expectations, and the company experienced a 15.9% revenue growth year-over-year.

ASR Vermogensbeheer N.V. purchased a new stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 81,315 shares of the Internet television network's stock, valued at approximately $75,826,000. Netflix accounts for about 1.1% of ASR Vermogensbeheer N.V.'s investment portfolio, making the stock its 14th largest position.

A number of other hedge funds have also recently bought and sold shares of the stock. Citizens Financial Group Inc. RI lifted its holdings in Netflix by 29.1% during the 1st quarter. Citizens Financial Group Inc. RI now owns 9,400 shares of the Internet television network's stock valued at $8,766,000 after purchasing an additional 2,120 shares during the last quarter. Greykasell Wealth Strategies Inc. acquired a new stake in shares of Netflix during the first quarter worth approximately $105,000. Strategy Asset Managers LLC raised its stake in shares of Netflix by 146.3% in the first quarter. Strategy Asset Managers LLC now owns 1,313 shares of the Internet television network's stock valued at $1,224,000 after acquiring an additional 780 shares during the last quarter. Hemington Wealth Management boosted its holdings in shares of Netflix by 13.8% in the 1st quarter. Hemington Wealth Management now owns 593 shares of the Internet television network's stock worth $552,000 after acquiring an additional 72 shares in the last quarter. Finally, Leeward Financial Partners LLC grew its position in Netflix by 8.7% during the 1st quarter. Leeward Financial Partners LLC now owns 5,559 shares of the Internet television network's stock worth $5,184,000 after acquiring an additional 447 shares during the last quarter. 80.93% of the stock is owned by institutional investors.

Netflix Stock Up 2.7%

NFLX traded up $30.61 during trading on Wednesday, reaching $1,178.48. The company had a trading volume of 3,354,993 shares, compared to its average volume of 3,992,615. The company has a market cap of $500.77 billion, a P/E ratio of 50.21, a PEG ratio of 1.93 and a beta of 1.59. Netflix, Inc. has a 12 month low of $610.64 and a 12 month high of $1,341.15. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.34 and a quick ratio of 1.34. The business's fifty day moving average price is $1,232.75 and its 200 day moving average price is $1,088.27.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, topping analysts' consensus estimates of $7.07 by $0.12. The business had revenue of $11.08 billion for 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 firm's quarterly revenue was up 15.9% on a year-over-year basis. During the same period last year, the business posted $4.88 earnings per share. Equities analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently issued reports on NFLX shares. Robert W. Baird increased their price objective on shares of Netflix from $1,300.00 to $1,500.00 and gave the stock an "outperform" rating in a report on Monday, July 21st. Wall Street Zen raised shares of Netflix from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. Jefferies Financial Group set a $1,500.00 price objective on shares of Netflix and gave the stock a "buy" rating in a research report on Friday, July 18th. Macquarie upped their price objective on Netflix from $1,150.00 to $1,200.00 and gave the stock an "outperform" rating in a report on Monday, April 21st. Finally, Piper Sandler lifted their target price on Netflix from $1,400.00 to $1,500.00 and gave the company an "overweight" rating in a research note on Friday, July 18th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Netflix currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,297.66.

Insider Transactions at Netflix

In other Netflix news, insider David A. Hyman sold 424 shares of the business's stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $1,158.67, for a total value of $491,276.08. Following the sale, the insider owned 31,610 shares in the company, valued at approximately $36,625,558.70. The trade was a 1.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Cletus R. Willems sold 238 shares of the stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $1,153.52, for a total transaction of $274,537.76. The disclosure for this sale can be found here. Over the last three months, insiders have sold 151,584 shares of company stock worth $185,411,484. 1.37% of the stock is currently owned by company insiders.

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.