AustralianSuper Pty Ltd Sells 102,686 Shares of Netflix, Inc. (NASDAQ:NFLX)

AustralianSuper Pty Ltd trimmed its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 42.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 137,209 shares of the Internet television network's stock after selling 102,686 shares during the period. AustralianSuper Pty Ltd's holdings in Netflix were worth $127,952,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Halbert Hargrove Global Advisors LLC lifted 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 during the period. Brown Shipley& Co Ltd bought a new stake in shares of Netflix in the fourth quarter valued at about $27,000. Transce3nd LLC bought a new stake in shares of Netflix in the fourth quarter valued at about $32,000. Copia Wealth Management bought a new stake in shares of Netflix in the fourth quarter valued at about $37,000. Finally, Stuart Chaussee & Associates Inc. lifted its stake in shares of Netflix by 4,500.0% in the fourth 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 during the period. 80.93% of the stock is currently owned by institutional investors.

Netflix Trading Down 5.1%

NFLX stock traded down $64.93 during midday trading on Friday, reaching $1,209.24. The company's stock had a trading volume of 10,678,762 shares, compared to its average volume of 3,762,863. Netflix, Inc. has a 52 week low of $587.04 and a 52 week high of $1,341.15. The stock has a market cap of $514.62 billion, a PE ratio of 51.52, a price-to-earnings-growth ratio of 2.19 and a beta of 1.59. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.58. The business's 50-day simple moving average is $1,232.59 and its 200-day simple moving average is $1,061.94.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, topping analysts' consensus estimates of $7.07 by $0.12. The company had revenue of $11.08 billion for the quarter, compared to analysts' expectations of $11.04 billion. Netflix had a net margin of 24.58% and a return on equity of 43.00%. The business's quarterly revenue was up 15.9% compared to the same quarter last year. During the same period last year, the firm posted $4.88 earnings per share. As a group, sell-side analysts expect that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Activity

In other news, Director Bradford L. Smith sold 3,919 shares of Netflix stock in a transaction on Monday, May 12th. The shares were sold at an average price of $1,124.26, for a total transaction of $4,405,974.94. Following the transaction, the director directly owned 7,969 shares of the company's stock, valued at $8,959,227.94. This trade represents a 32.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Spencer Adam Neumann sold 2,601 shares of the business's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $1,307.22, for a total transaction of $3,400,079.22. Following the completion of the sale, the chief financial officer directly owned 3,691 shares in the company, valued at $4,824,949.02. This represents a 41.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 186,723 shares of company stock valued at $223,307,201. 1.37% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on NFLX shares. Piper Sandler increased their price target on shares of Netflix from $1,400.00 to $1,500.00 and gave the stock an "overweight" rating in a research report on Friday. Wells Fargo & Company raised their price target on shares of Netflix from $1,500.00 to $1,560.00 and gave the stock an "overweight" rating in a research note on Friday. Benchmark restated a "hold" rating on shares of Netflix in a research note on Monday, April 21st. Macquarie raised their price target 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. Finally, TD Cowen raised their price target on shares of Netflix from $1,440.00 to $1,450.00 and gave the stock a "buy" rating in a research note on Friday. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $1,291.41.

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.