Integrated Investment Consultants LLC Acquires 220 Shares of Netflix, Inc. (NASDAQ:NFLX)

Key Points

• Integrated Investment Consultants LLC increased its stake in Netflix by 65.9%, bringing its total holdings to 554 shares valued at approximately $517,000.
• A significant portion of Netflix's stock, 80.93%, is owned by hedge funds and institutional investors, indicating strong institutional interest in the company.
• Insider transactions included Director Strive Masiyiwa selling 290 shares for about $387,596, and CAO Jeffrey William Karbowski selling 620 shares for around $797,840.

Integrated Investment Consultants LLC raised its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 65.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 554 shares of the Internet television network's stock after buying an additional 220 shares during the quarter. Integrated Investment Consultants LLC's holdings in Netflix were worth $517,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of NFLX. GAMMA Investing LLC increased its holdings in Netflix by 109,524.3% in the 1st quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network's stock valued at $8,239,576,000 after buying an additional 8,827,662 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in Netflix by 59.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,301,098 shares of the Internet television network's stock worth $2,051,016,000 after buying an additional 856,307 shares during the period. Massachusetts Financial Services Co. MA grew its stake in shares of Netflix by 318.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 976,924 shares of the Internet television network's stock worth $870,752,000 after acquiring an additional 743,724 shares in the last quarter. Northern Trust Corp raised its position 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 worth $4,076,903,000 after acquiring an additional 570,674 shares in the last quarter. Finally, Two Sigma Advisers LP boosted its position in Netflix by 935.7% during the fourth quarter. Two Sigma Advisers LP now owns 461,900 shares of the Internet television network's stock worth $411,701,000 after purchasing an additional 417,300 shares during the period. Institutional investors and hedge funds own 80.93% of the company's stock.

Netflix Stock Down 0.5%

Netflix stock traded down $5.89 during mid-day trading on Monday, hitting $1,174.60. The company had a trading volume of 3,443,647 shares, compared to its average volume of 4,298,331. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58. The stock's 50 day moving average price is $1,236.44 and its two-hundred day moving average price is $1,074.14. Netflix, Inc. has a 12 month low of $587.04 and a 12 month high of $1,341.15. The company has a market capitalization of $499.12 billion, a PE ratio of 50.05, a price-to-earnings-growth ratio of 1.99 and a beta of 1.59.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings results 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. The firm had revenue of $11.08 billion for the quarter, compared to the consensus estimate of $11.04 billion. Netflix had a return on equity of 42.50% and a net margin of 24.58%. The company's quarterly revenue was up 15.9% on a year-over-year basis. During the same period in the prior year, the company posted $4.88 earnings per share. As a group, sell-side analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have commented on NFLX. Jefferies Financial Group set a $1,500.00 price objective on Netflix and gave the stock a "buy" rating in a research note on Friday, July 18th. UBS Group reiterated a "market underperform" rating on shares of Netflix in a research report on Saturday, July 19th. Phillip Securities cut Netflix from a "hold" rating to a "strong sell" rating in a report on Monday, July 21st. Wedbush reiterated an "outperform" rating and issued a $1,500.00 price target (up previously from $1,400.00) on shares of Netflix in a report on Monday, July 14th. Finally, TD Cowen increased their price target on Netflix from $1,440.00 to $1,450.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Three 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 given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $1,297.66.

Insider Transactions at Netflix

In other Netflix news, Director Reed Hastings sold 26,977 shares of the firm's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $1,133.05, for a total value of $30,566,289.85. Following the transaction, the director directly owned 394 shares of the company's stock, valued at approximately $446,421.70. This trade represents a 98.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jay C. Hoag sold 32,515 shares of the firm's stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $1,101.97, for a total value of $35,830,554.55. Following the completion of the transaction, the director directly owned 79,040 shares in the company, valued at $87,099,708.80. The trade was a 29.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 185,923 shares of company stock valued at $222,445,095. Corporate insiders own 1.37% of the company's stock.

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.