IFP Advisors Inc Acquires 83,081 Shares of Netflix, Inc. $NFLX

IFP Advisors Inc lifted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 48.7% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 253,572 shares of the Internet television network's stock after buying an additional 83,081 shares during the period. IFP Advisors Inc's holdings in Netflix were worth $18,105,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. California State Teachers Retirement System boosted its stake in shares of Netflix by 7,028.2% in the 2nd quarter. California State Teachers Retirement System now owns 458,934,710 shares of the Internet television network's stock valued at $32,767,938,000 after purchasing an additional 452,496,424 shares in the last quarter. BlackRock Inc. bought a new position in Netflix in the 2nd quarter valued at approximately $24,902,221,000. State Street Corp lifted its stake in Netflix by 927.6% in the 4th quarter. State Street Corp now owns 176,780,995 shares of the Internet television network's stock valued at $16,574,986,000 after purchasing an additional 159,578,053 shares during the last quarter. Geode Capital Management LLC boosted its position in Netflix by 892.0% in the fourth quarter. Geode Capital Management LLC now owns 99,598,678 shares of the Internet television network's stock valued at $9,305,336,000 after buying an additional 89,558,684 shares in the last quarter. Finally, Capital World Investors boosted its position in Netflix by 859.1% in the fourth quarter. Capital World Investors now owns 89,341,444 shares of the Internet television network's stock valued at $8,376,656,000 after buying an additional 80,025,890 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors.

Netflix Stock Performance

NASDAQ:NFLX opened at $76.77 on Wednesday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.39. Netflix, Inc. has a twelve month low of $65.08 and a twelve month high of $126.70. The company has a fifty day moving average of $75.71 and a 200-day moving average of $84.45. The firm has a market capitalization of $319.67 billion, a P/E ratio of 24.16, a P/E/G ratio of 1.10 and a beta of 1.53.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its earnings results on Thursday, July 16th. The Internet television network reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.01. Netflix had a net margin of 28.22% and a return on equity of 40.02%. The business had revenue of $12.56 billion for the quarter, compared to analyst estimates of $12.58 billion. During the same period in the prior year, the firm earned $0.72 earnings per share. Netflix's revenue was up 13.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Netflix, Inc. will post 3.59 EPS for the current year.

Insider Buying and Selling

In related news, Director Richard N. Barton sold 2,160 shares of the company's stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $75.10, for a total transaction of $162,216.00. Following the transaction, the director directly owned 246 shares of the company's stock, valued at approximately $18,474.60. This represents a 89.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Gregory K. Peters sold 27,312 shares of the stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $73.54, for a total value of $2,008,524.48. Following the completion of the transaction, the chief executive officer owned 120,931 shares in the company, valued at approximately $8,893,265.74. The trade was a 18.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 213,595 shares of company stock worth $15,812,072 over the last 90 days. 1.24% of the stock is owned by company insiders.

Netflix News Roundup

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Several analysts and investors view the selloff as a potential buying opportunity. Recent coverage highlights Netflix’s improving free-cash-flow yield, while published price targets remain materially above the current quotation, with a reported median target of $115. Netflix: The Best Free Cash Flow Yield In A Decade
• Positive Sentiment: Netflix is reportedly releasing box-office figures for six upcoming films, including Narnia: The Magician’s Nephew and Charlie and the Chocolate Factory. Greater theatrical transparency could support interest in its film strategy and help evaluate content economics. Netflix Movie-Theater Strategy
• Positive Sentiment: Pershing Square reportedly added Netflix shares in the second quarter, and bullish commentary points to content momentum, advertising and live-event opportunities as potential recovery catalysts. Bill Ackman’s Netflix Investment
• Neutral Sentiment: Discussion that Netflix could be broken into separate streaming, studio, advertising, gaming or live-event businesses appears unlikely to drive near-term trading; the company’s integrated model is viewed as central to its value. Why Netflix’s Breakup May Not Work
• Negative Sentiment: South African regulators are investigating consumer pricing for digital streaming services. The probe raises the risk of pricing restrictions, higher compliance costs or limits on future subscription increases. Netflix Faces South Africa Price Probe
• Negative Sentiment: Recent coverage also cites weak risk appetite across growth and media stocks, concerns about quarterly revenue and forward guidance, and extensive insider selling. These factors are weighing on sentiment despite Netflix’s profitable business and year-over-year revenue growth. Netflix Suffers a Larger Drop Than the General Market

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on NFLX. BMO Capital Markets reiterated an "outperform" rating on shares of Netflix in a report on Friday, August 14th. DZ Bank restated a "buy" rating on shares of Netflix in a research report on Monday, July 20th. UBS Group lowered their target price on shares of Netflix from $130.00 to $115.00 and set a "buy" rating for the company in a research note on Friday, July 17th. Rosenblatt Securities set a $75.00 target price on shares of Netflix and gave the company a "neutral" rating in a report on Friday, July 17th. Finally, JPMorgan Chase & Co. reaffirmed a "buy" rating on shares of Netflix in a research report on Thursday, August 20th. Four analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, sixteen have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Netflix has a consensus rating of "Moderate Buy" and an average price target of $96.65.

Netflix Company Profile

Netflix, Inc NASDAQ: NFLX is a global entertainment company that provides subscription-based streaming access to television series, films, documentaries and other video content. Its service includes Netflix-produced and licensed programming, with offerings that may vary by market. The company also provides an advertising-supported plan in selected countries and has expanded into mobile games and other interactive entertainment.

Netflix was founded in 1997 by Reed Hastings and Marc Randolph as a DVD-by-mail rental service in the United States.

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