BI Asset Management Fondsmaeglerselskab A S Increases Stake in Netflix, Inc. $NFLX

Key Points

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BI Asset Management Fondsmaeglerselskab A S lifted its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 24.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,463 shares of the Internet television network's stock after acquiring an additional 8,505 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in Netflix were worth $40,531,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of NFLX. Brighton Jones LLC lifted its holdings in shares of Netflix by 5.0% during the 4th quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network's stock worth $4,804,000 after acquiring an additional 257 shares during the period. Revolve Wealth Partners LLC raised its holdings in Netflix by 16.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network's stock valued at $912,000 after buying an additional 144 shares during the period. BIP Wealth LLC lifted its position in Netflix by 23.8% during the fourth quarter. BIP Wealth LLC now owns 453 shares of the Internet television network's stock valued at $403,000 after buying an additional 87 shares in the last quarter. Epoch Investment Partners Inc. lifted its position in Netflix by 23.7% during the fourth quarter. Epoch Investment Partners Inc. now owns 673 shares of the Internet television network's stock valued at $600,000 after buying an additional 129 shares in the last quarter. Finally, Transce3nd LLC purchased a new stake in Netflix during the fourth quarter worth approximately $32,000. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Netflix Stock Performance

Netflix stock opened at $1,245.09 on Tuesday. The company has a market cap of $529.08 billion, a PE ratio of 53.05, a P/E/G ratio of 2.09 and a beta of 1.59. The company has a fifty day moving average price of $1,231.65 and a two-hundred day moving average price of $1,105.79. 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, Inc. has a 12 month low of $660.80 and a 12 month high of $1,341.15.

Netflix (NASDAQ:NFLX - Get Free Report) last released 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 firm had revenue of $11.08 billion during the quarter, compared to the consensus estimate of $11.04 billion. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The firm's revenue was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.88 earnings per share. Research analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

NFLX has been the topic of a number of research reports. BMO Capital Markets reissued an "outperform" rating and issued a $1,425.00 target price (up previously from $1,200.00) on shares of Netflix in a research note on Tuesday, July 15th. Morgan Stanley reaffirmed an "equal weight" rating on shares of Netflix in a research report on Monday, July 21st. Barclays reaffirmed a "sell" rating and set a $1,100.00 price target (up from $1,000.00) on shares of Netflix in a research report on Wednesday, July 9th. Evercore ISI reaffirmed an "outperform" rating on shares of Netflix in a research report on Thursday, May 15th. Finally, Wedbush reaffirmed an "outperform" rating and set a $1,500.00 price target (up from $1,400.00) on shares of Netflix in a research report on Monday, July 14th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Netflix has a consensus rating of "Moderate Buy" and a consensus target price of $1,297.66.

Insider Buying and Selling

In other Netflix news, CFO Spencer Adam Neumann sold 685 shares of the firm's stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $1,161.21, for a total value of $795,428.85. Following the sale, the chief financial officer directly owned 3,691 shares in the company, valued at approximately $4,286,026.11. This trade represents a 15.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Theodore A. Sarandos sold 2,026 shares of the firm's stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $1,160.62, for a total value of $2,351,416.12. Following the completion of the sale, the chief executive officer owned 15,168 shares in the company, valued at $17,604,284.16. The trade was a 11.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 146,307 shares of company stock valued at $179,443,809 in the last three months. 1.37% of the stock is owned by corporate insiders.

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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