DSM Capital Partners LLC Has $30.07 Million Stake in Netflix, Inc. (NASDAQ:NFLX)

Key Points

• DSM Capital Partners LLC increased its holdings in Netflix, Inc. by 13,620.9%, acquiring a total of 32,244 shares worth approximately $30.07 million, making it the firm's 26th largest position.
• Insider activity shows CEO Theodore A. Sarandos and CFO Spencer Adam Neumann sold shares worth over $3 million, reducing their holdings significantly.
• Netflix reported $7.19 EPS for the latest quarter, surpassing analyst expectations, with revenue growth of 15.9% year-over-year.

DSM Capital Partners LLC lifted its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 13,620.9% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 32,244 shares of the Internet television network's stock after acquiring an additional 32,009 shares during the period. Netflix accounts for about 0.5% of DSM Capital Partners LLC's investment portfolio, making the stock its 26th largest position. DSM Capital Partners LLC's holdings in Netflix were worth $30,068,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Brighton Jones LLC grew 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 purchasing an additional 257 shares in the last quarter. Revolve Wealth Partners LLC grew its holdings in shares of Netflix by 16.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network's stock worth $912,000 after purchasing an additional 144 shares in the last quarter. BIP Wealth LLC grew its holdings in shares of Netflix by 23.8% during the 4th quarter. BIP Wealth LLC now owns 453 shares of the Internet television network's stock worth $403,000 after purchasing an additional 87 shares in the last quarter. Acorns Advisers LLC grew its holdings in shares of Netflix by 3.9% during the 4th quarter. Acorns Advisers LLC now owns 583 shares of the Internet television network's stock worth $520,000 after purchasing an additional 22 shares in the last quarter. Finally, Stenger Family Office LLC acquired a new stake in shares of Netflix during the 4th quarter worth approximately $3,897,000. 80.93% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Netflix news, CEO Gregory K. Peters sold 2,026 shares of the firm's stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $1,157.44, for a total transaction of $2,344,973.44. Following the transaction, the chief executive officer owned 12,781 shares in the company, valued at $14,793,240.64. This trade represents a 13.68% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Cletus R. Willems sold 238 shares of the firm's stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $1,153.52, for a total value of $274,537.76. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 146,307 shares of company stock valued at $179,443,809. Insiders own 1.37% of the company's stock.

Netflix Stock Performance

Shares of NFLX traded up $8.39 during mid-day trading on Friday, reaching $1,238.95. The company's stock had a trading volume of 2,766,194 shares, compared to its average volume of 3,760,348. Netflix, Inc. has a 1-year low of $660.80 and a 1-year high of $1,341.15. The stock has a market cap of $526.47 billion, a P/E ratio of 52.79, a PEG ratio of 2.09 and a beta of 1.59. The business has a 50-day simple moving average of $1,231.23 and a two-hundred day simple moving average of $1,103.00. 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 (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $7.07 by $0.12. Netflix had a return on equity of 42.50% and a net margin of 24.58%. The company had revenue of $11.08 billion during the quarter, compared to analysts' expectations of $11.04 billion. During the same period last year, the firm posted $4.88 earnings per share. The business's revenue was up 15.9% on a year-over-year basis. As a group, equities research analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Analysts Set New Price Targets

NFLX has been the topic of several recent research reports. Wall Street Zen lowered Netflix from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Macquarie boosted their price target on Netflix from $1,150.00 to $1,200.00 and gave the company an "outperform" rating in a research note on Monday, April 21st. Wolfe Research set a $1,340.00 price target on Netflix and gave the company an "outperform" rating in a research note on Friday, May 16th. BMO Capital Markets reiterated an "outperform" rating and issued a $1,425.00 price objective (up previously from $1,200.00) on shares of Netflix in a research report on Tuesday, July 15th. Finally, Canaccord Genuity Group reiterated a "buy" rating on shares of Netflix in a research report on Thursday, July 10th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus 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.