Clal Insurance Enterprises Holdings Ltd Buys 1,617 Shares of Netflix, Inc. (NASDAQ:NFLX)

Key Points

• Clal Insurance Enterprises Holdings Ltd increased its stake in Netflix by 40,425%, acquiring an additional 1,617 shares during the first quarter, bringing its total holdings to 1,621 shares valued at approximately $1.51 million.
• Netflix reported earnings of $7.19 per share for the last quarter, beating estimates and achieving a revenue of $11.08 billion, a 15.9% increase year-over-year.
• Approximately 80.93% of Netflix's stock is owned by institutional investors, indicating strong institutional confidence in the company.

Clal Insurance Enterprises Holdings Ltd lifted its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 40,425.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,621 shares of the Internet television network's stock after acquiring an additional 1,617 shares during the quarter. Clal Insurance Enterprises Holdings Ltd's holdings in Netflix were worth $1,512,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in NFLX. Halbert Hargrove Global Advisors LLC grew its stake in Netflix by 100.0% during the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock worth $25,000 after purchasing an additional 13 shares during the period. Brown Shipley& Co Ltd acquired a new stake in Netflix during the fourth quarter worth approximately $27,000. Transce3nd LLC acquired a new stake in Netflix during the fourth quarter worth approximately $32,000. Copia Wealth Management acquired a new stake in Netflix during the fourth quarter worth approximately $37,000. Finally, Barnes Dennig Private Wealth Management LLC acquired a new stake in Netflix during the first quarter worth approximately $42,000. 80.93% of the stock is currently owned by institutional investors.

Netflix Stock Performance

Shares of NFLX opened at $1,218.31 on Tuesday. The firm has a market cap of $517.70 billion, a PE ratio of 51.91, a PEG ratio of 2.04 and a beta of 1.59. The stock's fifty day moving average price is $1,232.24 and its two-hundred day moving average price is $1,096.90. 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 1 year low of $627.07 and a 1 year high of $1,341.15.

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 (EPS) for the quarter, beating the consensus estimate of $7.07 by $0.12. Netflix had a return on equity of 42.50% and a net margin of 24.58%. The firm had revenue of $11.08 billion for the quarter, compared to analyst estimates of $11.04 billion. During the same period in the previous year, the company posted $4.88 earnings per share. The business's revenue was up 15.9% on a year-over-year basis. On average, equities research analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Activity at Netflix

In related news, CFO Spencer Adam Neumann sold 685 shares of the business's stock in a transaction 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 sale, the chief financial officer directly owned 3,691 shares in the company, valued at approximately $4,286,026.11. The trade was a 15.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Gregory K. Peters sold 2,026 shares of the business's stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $1,157.44, for a total value of $2,344,973.44. Following the sale, the chief executive officer owned 12,781 shares in the company, valued at approximately $14,793,240.64. The trade was a 13.68% 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 worth $179,443,809 in the last 90 days. 1.37% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on NFLX shares. Loop Capital reaffirmed a "hold" rating on shares of Netflix in a research note on Tuesday, July 15th. Bank of America raised their target price on Netflix from $1,175.00 to $1,490.00 and gave the stock a "buy" rating in a research note on Friday, May 30th. Pivotal Research reaffirmed a "buy" rating on shares of Netflix in a research note on Thursday, July 10th. Needham & Company LLC reaffirmed a "buy" rating and set a $1,500.00 target price on shares of Netflix in a research note on Friday, July 18th. Finally, Guggenheim reaffirmed a "buy" rating and set a $1,150.00 target price (up previously from $1,100.00) on shares of Netflix in a research note on Friday, April 18th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Netflix presently has an average rating of "Moderate Buy" and an average price target of $1,297.66.

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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