Central Asset Investments & Management Holdings HK Ltd Makes New Investment in Netflix, Inc. (NASDAQ:NFLX)

Key Points

• Central Asset Investments & Management Holdings HK Ltd acquired 1,148 shares of Netflix, valued at approximately $1,071,000, making it the firm's 12th largest position.
• Netflix's stock currently has an average rating of "Moderate Buy" from analysts, with a consensus target price of $1,297.66.
• Insiders have sold a significant number of shares, with 146,307 shares valued at $179.4 million sold in the past ninety days, indicating a decrease in ownership percentages by key executives.

Central Asset Investments & Management Holdings HK Ltd acquired a new position in Netflix, Inc. (NASDAQ:NFLX - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,148 shares of the Internet television network's stock, valued at approximately $1,071,000. Netflix comprises about 1.8% of Central Asset Investments & Management Holdings HK Ltd's portfolio, making the stock its 12th biggest position.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Resurgent Financial Advisors LLC lifted its holdings in shares of Netflix by 234.4% in the first quarter. Resurgent Financial Advisors LLC now owns 1,010 shares of the Internet television network's stock worth $942,000 after buying an additional 708 shares in the last quarter. Janus Henderson Group PLC lifted its stake in Netflix by 8.7% in the 4th quarter. Janus Henderson Group PLC now owns 1,377,081 shares of the Internet television network's stock worth $1,227,468,000 after purchasing an additional 110,432 shares in the last quarter. PharVision Advisers LLC bought a new position in Netflix in the 4th quarter valued at $873,000. New England Research & Management Inc. boosted its holdings in Netflix by 148.5% in the 1st quarter. New England Research & Management Inc. now owns 2,122 shares of the Internet television network's stock valued at $1,979,000 after purchasing an additional 1,268 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of Netflix by 6.1% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 54,638 shares of the Internet television network's stock valued at $50,952,000 after purchasing an additional 3,137 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors.

Netflix Trading Up 2.2%

Shares of NFLX stock traded up $26.12 during trading hours on Thursday, reaching $1,230.56. The company's stock had a trading volume of 3,900,705 shares, compared to its average volume of 4,191,291. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58. Netflix, Inc. has a one year low of $659.80 and a one year high of $1,341.15. The stock has a market capitalization of $522.90 billion, a P/E ratio of 52.43, a P/E/G ratio of 2.06 and a beta of 1.59. The firm's fifty day simple moving average is $1,231.68 and its 200 day simple moving average is $1,098.52.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly 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 business 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 42.50%. The firm's revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.88 earnings per share. Equities research analysts expect that Netflix, Inc. will post 24.58 EPS for the current year.

Analyst Upgrades and Downgrades

NFLX has been the topic of a number of recent analyst reports. TD Cowen increased their price objective on Netflix from $1,440.00 to $1,450.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Moffett Nathanson reaffirmed a "buy" rating and issued a $1,150.00 price target (up previously from $1,100.00) on shares of Netflix in a report on Friday, April 18th. BMO Capital Markets reiterated an "outperform" rating and set a $1,425.00 price target (up previously from $1,200.00) on shares of Netflix in a research report on Tuesday, July 15th. Guggenheim restated a "buy" rating and issued a $1,150.00 price objective (up from $1,100.00) on shares of Netflix in a research report on Friday, April 18th. Finally, Wolfe Research set a $1,340.00 target price on shares of Netflix and gave the company an "outperform" rating in a research report on Friday, May 16th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Netflix presently has an average rating of "Moderate Buy" and a consensus target price of $1,297.66.

Insider Activity

In other Netflix news, CFO Spencer Adam Neumann sold 685 shares of the company's stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $1,161.21, for a total transaction of $795,428.85. Following the transaction, the chief financial officer owned 3,691 shares in the company, valued at approximately $4,286,026.11. This represents a 15.65% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David A. Hyman sold 424 shares of the firm's stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $1,158.67, for a total value of $491,276.08. Following the completion of the transaction, the insider owned 31,610 shares of the company's stock, valued at approximately $36,625,558.70. The trade was a 1.32% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 146,307 shares of company stock worth $179,443,809. 1.37% of the stock is 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.