Liberty Wealth Management LLC Boosts Holdings in Netflix, Inc. (NASDAQ:NFLX)

Key Points

• Liberty Wealth Management LLC dramatically increased its stake in Netflix by 8,332.6% in the first quarter, owning 44,271 shares worth about $418,000 after purchasing an additional 43,746 shares.
• Netflix recently reported an EPS of $7.19 for the quarter, surpassing analysts' expectations, with a revenue of $11.08 billion indicating a 15.9% year-over-year growth.
• In the last 90 days, corporate insiders have sold 123,830 shares of Netflix, valued at approximately $153 million, indicating significant insider trading activity.

Liberty Wealth Management LLC raised its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 8,332.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 44,271 shares of the Internet television network's stock after buying an additional 43,746 shares during the quarter. Liberty Wealth Management LLC's holdings in Netflix were worth $418,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in NFLX. Halbert Hargrove Global Advisors LLC grew its stake in Netflix by 100.0% in the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock worth $25,000 after purchasing an additional 13 shares in the last quarter. Brown Shipley& Co Ltd acquired a new stake in Netflix in the 4th quarter worth about $27,000. Transce3nd LLC purchased a new stake in shares of Netflix during the 4th quarter valued at approximately $32,000. Copia Wealth Management purchased a new stake in Netflix in the fourth quarter valued at approximately $37,000. Finally, Stuart Chaussee & Associates Inc. grew its stake in shares of Netflix by 4,500.0% in the fourth quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock worth $41,000 after acquiring an additional 45 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company's stock.

Insiders Place Their Bets

In related news, CFO Spencer Adam Neumann sold 685 shares of Netflix stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $1,161.21, for a total value of $795,428.85. Following the completion of the sale, the chief financial officer owned 3,691 shares in the company, valued at approximately $4,286,026.11. This trade represents a 15.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Cletus R. Willems sold 238 shares of the company's stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $1,153.52, for a total transaction of $274,537.76. The disclosure for this sale can be found here. In the last quarter, insiders have sold 151,584 shares of company stock worth $185,411,484. Insiders own 1.37% of the company's stock.

Netflix Stock Performance

Shares of NASDAQ:NFLX traded up $3.23 on Thursday, hitting $1,181.71. 938,162 shares of the company were exchanged, compared to its average volume of 4,217,884. 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 $1,232.15 and its 200 day moving average price is $1,088.90. Netflix, Inc. has a 1-year low of $616.02 and a 1-year high of $1,341.15. The firm has a market capitalization of $502.14 billion, a P/E ratio of 50.30, a price-to-earnings-growth ratio of 1.93 and a beta of 1.59.

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

Analyst Ratings Changes

NFLX has been the subject of several analyst reports. Seaport Res Ptn cut shares of Netflix from a "strong-buy" rating to a "hold" rating in a report on Sunday, July 6th. KeyCorp raised their price objective on shares of Netflix from $1,070.00 to $1,390.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. Evercore ISI reiterated an "outperform" rating on shares of Netflix in a research report on Thursday, May 15th. BMO Capital Markets reaffirmed an "outperform" rating and set a $1,425.00 price objective (up from $1,200.00) on shares of Netflix in a research report on Tuesday, July 15th. Finally, Canaccord Genuity Group restated a "buy" rating on shares of Netflix in a research note on Thursday, July 10th. Three research 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 assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price 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.