Cetera Investment Advisers Has $82.60 Million Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Key Points

• Cetera Investment Advisers increased its stake in Netflix by 13.8%, acquiring an additional 10,725 shares, bringing its total holdings to 88,576 shares worth $82.6 million.
• Netflix reported a quarterly earnings per share (EPS) of $7.19, exceeding analysts' expectations of $7.07, with revenue of $11.08 billion, up 15.9% year-over-year.
• Institutional investors own 80.93% of Netflix's stock, reflecting strong interest from significant financial entities in the company.

Cetera Investment Advisers increased its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 13.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 88,576 shares of the Internet television network's stock after acquiring an additional 10,725 shares during the period. Cetera Investment Advisers' holdings in Netflix were worth $82,599,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NFLX. Halbert Hargrove Global Advisors LLC raised its stake in shares of Netflix by 100.0% during the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock valued at $25,000 after acquiring an additional 13 shares in the last quarter. Brown Shipley& Co Ltd bought a new position in Netflix in the fourth quarter worth approximately $27,000. Transce3nd LLC purchased a new stake in shares of Netflix during the fourth quarter valued at $32,000. Copia Wealth Management acquired a new stake in Netflix during the 4th quarter worth about $37,000. Finally, Stuart Chaussee & Associates Inc. lifted its position in Netflix by 4,500.0% during the 4th quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock worth $41,000 after acquiring an additional 45 shares during the period. Hedge funds and other institutional investors own 80.93% of the company's stock.

Netflix Stock Performance

Netflix stock traded down $2.27 on Tuesday, hitting $1,172.34. The company's stock had a trading volume of 1,155,276 shares, compared to its average volume of 4,274,551. The firm has a market cap of $498.16 billion, a P/E ratio of 50.00, a price-to-earnings-growth ratio of 1.99 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 fifty day moving average price of $1,236.10 and a 200-day moving average price of $1,076.50. Netflix, Inc. has a one year low of $587.04 and a one year high of $1,341.15.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, topping 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 business had revenue of $11.08 billion for 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 firm's quarterly revenue was up 15.9% compared to the same quarter last year. On average, equities analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insider Activity

In other Netflix news, CAO Jeffrey William Karbowski sold 620 shares of the company's stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $1,286.84, for a total transaction of $797,840.80. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Strive Masiyiwa sold 290 shares of the company's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $1,336.54, for a total transaction of $387,596.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 153,408 shares of company stock worth $186,614,540. 1.37% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on NFLX. UBS Group reaffirmed a "market underperform" rating on shares of Netflix in a research report on Saturday, July 19th. Cfra Research raised shares of Netflix to a "strong-buy" rating in a report on Monday, April 28th. Canaccord Genuity Group reaffirmed a "buy" rating on shares of Netflix in a report on Thursday, July 10th. Benchmark reaffirmed a "hold" rating on shares of Netflix in a report on Monday, April 21st. Finally, Robert W. Baird upped their price target on shares of Netflix from $1,300.00 to $1,500.00 and gave the company an "outperform" rating in a report on Monday, July 21st. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,297.66.

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.