JT Stratford LLC Has $5.31 Million Stock Holdings in Netflix, Inc. $NFLX

Key Points

Error: Response status code does not indicate success: 429 (Too Many Requests).

JT Stratford LLC decreased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 25.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,692 shares of the Internet television network's stock after selling 1,976 shares during the quarter. Netflix makes up 0.9% of JT Stratford LLC's holdings, making the stock its 18th biggest position. JT Stratford LLC's holdings in Netflix were worth $5,308,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Berkshire Asset Management LLC PA bought a new position in Netflix during the 1st quarter worth $192,000. BI Asset Management Fondsmaeglerselskab A S increased its position in shares of Netflix by 24.3% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 43,463 shares of the Internet television network's stock worth $40,531,000 after purchasing an additional 8,505 shares during the period. Sumitomo Mitsui Financial Group Inc. increased its position in shares of Netflix by 146.7% in the first quarter. Sumitomo Mitsui Financial Group Inc. now owns 200 shares of the Internet television network's stock worth $187,000 after purchasing an additional 628 shares during the period. Nan Shan Life Insurance Co. Ltd. increased its position in shares of Netflix by 68.0% in the first quarter. Nan Shan Life Insurance Co. Ltd. now owns 84,052 shares of the Internet television network's stock worth $78,381,000 after purchasing an additional 34,015 shares during the period. Finally, MIG Capital LLC bought a new position in shares of Netflix in the first quarter worth $683,000. Institutional investors and hedge funds own 80.93% of the company's stock.

Insider Activity

In related news, CEO Theodore A. Sarandos sold 2,026 shares of the company's stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $1,160.62, for a total transaction of $2,351,416.12. Following the completion of the sale, the chief executive officer owned 15,168 shares in the company, valued at approximately $17,604,284.16. This represents a 11.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Gregory K. Peters sold 2,026 shares of the company's stock in a transaction on Tuesday, August 5th. The stock was 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 of the company's stock, valued at $14,793,240.64. This trade represents a 13.68% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 146,307 shares of company stock valued at $179,443,809. Corporate insiders own 1.37% of the company's stock.

Netflix Trading Up 0.5%

NASDAQ NFLX opened at $1,245.09 on Tuesday. The company has a market cap of $529.08 billion, a price-to-earnings ratio of 53.05, a P/E/G ratio of 2.09 and a beta of 1.59. Netflix, Inc. has a 52 week low of $660.80 and a 52 week high of $1,341.15. The business has a 50 day moving average price of $1,231.65 and a 200-day moving average price of $1,105.79. 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 (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, beating the consensus estimate of $7.07 by $0.12. The firm had revenue of $11.08 billion during 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 quarter in the previous year, the company posted $4.88 earnings per share. As a group, equities analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Analyst Ratings Changes

NFLX has been the topic of a number of recent analyst reports. Barclays restated a "sell" rating and issued a $1,100.00 price target (up previously from $1,000.00) on shares of Netflix in a research report on Wednesday, July 9th. Jefferies Financial Group reiterated a "buy" rating on shares of Netflix in a research report on Tuesday, August 12th. Citigroup reiterated a "neutral" rating and issued a $1,250.00 target price (up previously from $1,020.00) on shares of Netflix in a research report on Thursday, May 29th. Wolfe Research set a $1,340.00 target price on Netflix and gave the company an "outperform" rating in a research report on Friday, May 16th. Finally, Pivotal Research reiterated a "buy" rating on shares of Netflix in a research report on Thursday, July 10th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Netflix presently has an average rating of "Moderate Buy" and a consensus price target of $1,297.66.

Netflix Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.