Leeward Financial Partners LLC Purchases 447 Shares of Netflix, Inc. (NASDAQ:NFLX)

Key Points

• Leeward Financial Partners LLC increased its stake in Netflix by 8.7%, now owning a total of 5,559 shares valued at approximately $5.18 million.
• A number of institutional investors have also increased their positions in Netflix, with Goldman Sachs Group Inc. notably raising its stake by 57.3%.
• Netflix reported earnings of $7.19 per share for the most recent quarter, surpassing analysts' estimates and marking a 15.9% year-over-year revenue increase.

Leeward Financial Partners LLC grew its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 8.7% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,559 shares of the Internet television network's stock after buying an additional 447 shares during the quarter. Netflix makes up 1.9% of Leeward Financial Partners LLC's portfolio, making the stock its 19th largest position. Leeward Financial Partners LLC's holdings in Netflix were worth $5,184,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. WealthShield Partners LLC grew its position in shares of Netflix by 15.5% during the 1st quarter. WealthShield Partners LLC now owns 5,648 shares of the Internet television network's stock worth $5,267,000 after buying an additional 756 shares during the period. Warburton Capital Management LLC raised its stake in shares of Netflix by 11.6% in the 1st quarter. Warburton Capital Management LLC now owns 260 shares of the Internet television network's stock valued at $242,000 after purchasing an additional 27 shares during the period. Exencial Wealth Advisors LLC grew its stake in shares of Netflix by 2.3% during the 1st quarter. Exencial Wealth Advisors LLC now owns 1,530 shares of the Internet television network's stock worth $1,427,000 after acquiring an additional 34 shares in the last quarter. Vanguard Group Inc. raised its holdings in Netflix by 1.4% during the first quarter. Vanguard Group Inc. now owns 37,997,260 shares of the Internet television network's stock worth $35,433,585,000 after acquiring an additional 509,255 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of Netflix by 57.3% in the first quarter. Goldman Sachs Group Inc. now owns 3,393,064 shares of the Internet television network's stock valued at $3,164,134,000 after buying an additional 1,236,251 shares in the last quarter. 80.93% of the stock is owned by institutional investors.

Netflix Stock Up 0.2%

NASDAQ:NFLX traded up $1.89 during trading hours on Thursday, hitting $1,180.37. 2,625,184 shares of the company traded hands, compared to its average volume of 4,041,499. Netflix, Inc. has a one year low of $616.02 and a one year high of $1,341.15. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58. The company has a market cap of $501.57 billion, a PE ratio of 50.29, a PEG ratio of 1.98 and a beta of 1.59. The firm's 50-day simple moving average is $1,232.06 and its 200-day simple moving average is $1,091.12.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.07 by $0.12. Netflix had a return on equity of 42.50% and a net margin of 24.58%. The firm had revenue of $11.08 billion during the quarter, compared to analyst estimates of $11.04 billion. During the same period last year, the firm posted $4.88 EPS. The business's revenue was up 15.9% compared to the same quarter last year. Equities analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have issued reports on NFLX shares. Needham & Company LLC restated a "buy" rating and issued a $1,500.00 price objective on shares of Netflix in a research note on Friday, July 18th. Piper Sandler boosted their price objective on shares of Netflix from $1,400.00 to $1,500.00 and gave the company an "overweight" rating in a report on Friday, July 18th. UBS Group reissued a "market underperform" rating on shares of Netflix in a report on Saturday, July 19th. Benchmark reissued a "hold" rating on shares of Netflix in a research note on Monday, April 21st. Finally, Jefferies Financial Group set a $1,500.00 target price on Netflix and gave the company a "buy" rating in a research report on Friday, July 18th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Netflix has a consensus rating of "Moderate Buy" and an average target price of $1,297.66.

Insider Transactions at Netflix

In other Netflix news, Director Jay C. Hoag sold 31,750 shares of the business's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $1,252.35, for a total transaction of $39,762,112.50. Following the sale, the director owned 63,040 shares of the company's stock, valued at $78,948,144. The trade was a 33.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Spencer Adam Neumann sold 2,601 shares of the company's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $1,307.22, for a total value of $3,400,079.22. Following the sale, the chief financial officer owned 3,691 shares in the company, valued at approximately $4,824,949.02. This represents a 41.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 151,584 shares of company stock worth $185,411,484 over the last quarter. 1.37% of the stock is currently owned by corporate insiders.

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.