Aware Super Pty Ltd as trustee of Aware Super Trims Stake in Netflix, Inc. $NFLX

Key Points

• Aware Super Pty Ltd has reduced its stake in Netflix by 3.0%, ending the most recent quarter with 75,374 shares worth approximately $100.9 million, making it Netflix's 11th largest position.
• Notable insider trades include transactions by Director Reed Hastings and CFO Spencer Adam Neumann, who sold significant portions of their shares, indicating a 99.07% and 41.33% decrease in ownership respectively.
• Netflix reported an earnings surprise with $7.19 in earnings per share for the last quarter, exceeding the consensus estimate, and its stock has been given a consensus target price of $1,337.63 by analysts.

Aware Super Pty Ltd as trustee of Aware Super trimmed its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 3.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 75,374 shares of the Internet television network's stock after selling 2,354 shares during the quarter. Netflix comprises about 1.5% of Aware Super Pty Ltd as trustee of Aware Super's holdings, making the stock its 11th largest position. Aware Super Pty Ltd as trustee of Aware Super's holdings in Netflix were worth $100,936,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Stephens Consulting LLC boosted its holdings in shares of Netflix by 150.0% in the 2nd quarter. Stephens Consulting LLC now owns 25 shares of the Internet television network's stock worth $33,000 after purchasing an additional 15 shares in the last quarter. Maseco LLP purchased a new position in shares of Netflix in the 2nd quarter worth about $39,000. Ransom Advisory Ltd purchased a new position in shares of Netflix in the 2nd quarter worth about $47,000. Flaharty Asset Management LLC purchased a new position in shares of Netflix in the 1st quarter worth about $37,000. Finally, Signature Resources Capital Management LLC boosted its holdings in shares of Netflix by 740.0% in the 2nd quarter. Signature Resources Capital Management LLC now owns 42 shares of the Internet television network's stock worth $56,000 after purchasing an additional 37 shares in the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Netflix news, Director Reed Hastings sold 42,176 shares of the stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $1,171.92, for a total value of $49,426,897.92. Following the completion of the sale, the director owned 394 shares in the company, valued at approximately $461,736.48. This trade represents a 99.07% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Spencer Adam Neumann sold 2,600 shares of the stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $1,172.51, for a total value of $3,048,526.00. Following the completion of the sale, the chief financial officer owned 3,691 shares of the company's stock, valued at approximately $4,327,734.41. This trade represents a 41.33% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 104,100 shares of company stock worth $122,710,980. Insiders own 1.37% of the company's stock.

Netflix Trading Down 1.0%

Shares of NFLX stock opened at $1,203.29 on Thursday. The stock has a market capitalization of $511.31 billion, a PE ratio of 51.27, a P/E/G ratio of 2.04 and a beta of 1.59. Netflix, Inc. has a 1-year low of $677.88 and a 1-year high of $1,341.15. The business has a 50-day moving average of $1,213.65 and a 200 day moving average of $1,172.31. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.34 and a quick ratio of 1.34.

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 for the quarter, beating the consensus estimate of $7.07 by $0.12. The company had revenue of $11.08 billion during the quarter, compared to analysts' expectations of $11.04 billion. Netflix had a return on equity of 42.50% and a net margin of 24.58%.Netflix's quarterly revenue was up 15.9% compared to the same quarter last year. During the same period in the prior year, the business posted $4.88 EPS. As a group, sell-side analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Pivotal Research reiterated a "buy" rating on shares of Netflix in a report on Thursday, July 10th. Rosenblatt Securities upped their price objective on Netflix from $1,514.00 to $1,515.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Needham & Company LLC reiterated a "buy" rating and issued a $1,500.00 price objective on shares of Netflix in a report on Wednesday, September 10th. JPMorgan Chase & Co. upped their price objective on Netflix from $1,230.00 to $1,300.00 and gave the stock a "neutral" rating in a report on Friday, July 18th. Finally, UBS Group set a $1,425.00 target price on Netflix in a report on Tuesday, October 7th. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, eight have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $1,337.63.

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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