De Lisle Partners LLP Purchases New Shares in Netflix, Inc. (NASDAQ:NFLX)

Key Points

• De Lisle Partners LLP invested approximately $2.80 million in Netflix by acquiring 3,000 shares, marking a significant entry into the stock during the first quarter.
• Several large investors, including Banque Cantonale Vaudoise and FSA Advisors Inc., have adjusted their stakes in Netflix, contributing to institutional investors owning 80.93% of the company's stock.
• Recent analyst reports indicate a consensus rating of "Moderate Buy" for Netflix, with multiple price targets exceeding $1,000, reflecting optimistic sentiment towards the company's future performance.

De Lisle Partners LLP purchased a new stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 3,000 shares of the Internet television network's stock, valued at approximately $2,798,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of NFLX. FMR LLC boosted its holdings in shares of Netflix by 1.8% in the 4th quarter. FMR LLC now owns 20,887,090 shares of the Internet television network's stock worth $18,617,081,000 after buying an additional 375,234 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Netflix by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 9,323,952 shares of the Internet television network's stock valued at $8,287,823,000 after purchasing an additional 175,596 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Netflix by 109,524.3% during the first quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network's stock valued at $8,239,576,000 after purchasing an additional 8,827,662 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in Netflix by 1.6% during the fourth quarter. Alliancebernstein L.P. now owns 5,141,328 shares of the Internet television network's stock valued at $4,582,568,000 after purchasing an additional 82,564 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in Netflix by 14.3% during the fourth quarter. Northern Trust Corp now owns 4,574,006 shares of the Internet television network's stock valued at $4,076,903,000 after purchasing an additional 570,674 shares during the last quarter. Institutional investors own 80.93% of the company's stock.

Wall Street Analysts Forecast Growth

NFLX has been the topic of several recent research reports. The Goldman Sachs Group upped their price objective on shares of Netflix from $1,000.00 to $1,140.00 and gave the company a "neutral" rating in a report on Wednesday, July 2nd. Benchmark reissued a "hold" rating on shares of Netflix in a report on Monday, April 21st. Wedbush reissued an "outperform" rating and issued a $1,500.00 price target (up from $1,400.00) on shares of Netflix in a report on Monday, July 14th. TD Cowen increased their price target on shares of Netflix from $1,440.00 to $1,450.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Finally, Cfra Research raised shares of Netflix to a "strong-buy" rating in a report on Monday, April 28th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $1,297.66.

Insider Transactions at Netflix

In related news, CFO Spencer Adam Neumann sold 2,601 shares of Netflix stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $1,211.67, for a total value of $3,151,553.67. Following the sale, the chief financial officer owned 3,691 shares in the company, valued at $4,472,273.97. The trade was a 41.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Reed Hastings sold 26,933 shares of Netflix stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $1,211.66, for a total transaction of $32,633,638.78. Following the completion of the sale, the director owned 394 shares in the company, valued at approximately $477,394.04. This trade represents a 98.56% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 123,830 shares of company stock valued at $153,102,930. 1.37% of the stock is currently owned by insiders.

Netflix Trading Down 0.1%

Shares of Netflix stock traded down $0.80 on Friday, hitting $1,158.60. The stock had a trading volume of 3,754,367 shares, compared to its average volume of 4,267,082. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58. Netflix, Inc. has a one year low of $587.04 and a one year high of $1,341.15. The stock has a market cap of $492.32 billion, a price-to-earnings ratio of 49.37, a PEG ratio of 1.99 and a beta of 1.59. The stock's 50-day simple moving average is $1,234.85 and its two-hundred day simple moving average is $1,080.08.

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, 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 firm had revenue of $11.08 billion for the quarter, compared to analysts' expectations of $11.04 billion. During the same quarter last year, the business earned $4.88 earnings per share. The business's revenue was up 15.9% on a year-over-year basis. As a group, sell-side analysts predict that Netflix, Inc. will post 24.58 EPS 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.