Banco Bilbao Vizcaya Argentaria S.A. Decreases Stock Holdings in Netflix, Inc. $NFLX

Key Points

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Banco Bilbao Vizcaya Argentaria S.A. trimmed its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 14.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,603 shares of the Internet television network's stock after selling 4,773 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Netflix were worth $25,748,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in NFLX. Halbert Hargrove Global Advisors LLC increased 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 worth $25,000 after buying an additional 13 shares during the period. Brown Shipley& Co Ltd purchased a new position in shares of Netflix in the fourth quarter worth $27,000. Transce3nd LLC purchased a new position in shares of Netflix in the fourth quarter worth $32,000. Copia Wealth Management purchased a new position in shares of Netflix in the fourth quarter worth $37,000. Finally, Stuart Chaussee & Associates Inc. increased 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 worth $41,000 after buying an additional 45 shares during the period. 80.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on NFLX. Seaport Res Ptn downgraded shares of Netflix from a "strong-buy" rating to a "hold" rating in a research report on Sunday, July 6th. Morgan Stanley reissued an "equal weight" rating on shares of Netflix in a research report on Monday, July 21st. Phillip Securities downgraded shares of Netflix from a "hold" rating to a "strong sell" rating in a research report on Monday, July 21st. Canaccord Genuity Group reissued a "buy" rating on shares of Netflix in a research report on Thursday, July 10th. Finally, TD Cowen boosted their price objective on shares of Netflix from $1,440.00 to $1,450.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Netflix currently has a consensus rating of "Moderate Buy" and an average target price of $1,297.66.

Insider Activity

In other news, CEO Gregory K. Peters sold 2,026 shares of the company's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $1,157.44, for a total transaction of $2,344,973.44. Following the completion of the sale, the chief executive officer owned 12,781 shares of the company's stock, valued at $14,793,240.64. This represents a 13.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Cletus R. Willems sold 238 shares of the company's stock in a transaction dated Wednesday, August 6th. The shares were 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 ninety days, insiders have sold 146,307 shares of company stock worth $179,443,809. Company insiders own 1.37% of the company's stock.

Netflix Price Performance

NASDAQ NFLX opened at $1,245.09 on Tuesday. Netflix, Inc. has a 52 week low of $660.80 and a 52 week high of $1,341.15. The firm has a market capitalization of $529.08 billion, a P/E ratio of 53.05, a PEG ratio of 2.09 and a beta of 1.59. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58. The company has a 50-day moving average price of $1,231.65 and a 200-day moving average price of $1,105.79.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, beating 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 firm had revenue of $11.08 billion during the quarter, compared to analyst estimates of $11.04 billion. During the same quarter in the prior year, the firm earned $4.88 EPS. The business's revenue for the quarter was up 15.9% compared to the same quarter last year. Equities research analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current year.

About Netflix

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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