Liontrust Investment Partners LLP Sells 24,578 Shares of Netflix, Inc. (NASDAQ:NFLX)

Key Points

• Liontrust Investment Partners LLP slashed its stake in Netflix by 51.7%, owning 22,939 shares worth approximately $21.39 million after selling 24,578 shares in Q1.
• Multiple hedge funds increased their holdings in Netflix, with **Vanguard Group increasing its stake by 1.4%** and Goldman Sachs increasing by 57.3%.
• Netflix reported $7.19 EPS in its recent quarter, surpassing analysts' expectations and showing a 15.9% revenue growth compared to the same quarter last year.

Liontrust Investment Partners LLP decreased its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 51.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,939 shares of the Internet television network's stock after selling 24,578 shares during the quarter. Liontrust Investment Partners LLP's holdings in Netflix were worth $21,391,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Resurgent Financial Advisors LLC lifted its stake in Netflix by 234.4% in the 1st quarter. Resurgent Financial Advisors LLC now owns 1,010 shares of the Internet television network's stock valued at $942,000 after buying an additional 708 shares in the last quarter. Janus Henderson Group PLC lifted its stake in shares of Netflix by 8.7% during the 4th quarter. Janus Henderson Group PLC now owns 1,377,081 shares of the Internet television network's stock worth $1,227,468,000 after purchasing an additional 110,432 shares during the period. PharVision Advisers LLC purchased a new position in shares of Netflix during the 4th quarter worth $873,000. New England Research & Management Inc. lifted its stake in shares of Netflix by 148.5% during the 1st quarter. New England Research & Management Inc. now owns 2,122 shares of the Internet television network's stock worth $1,979,000 after purchasing an additional 1,268 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of Netflix by 6.1% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 54,638 shares of the Internet television network's stock worth $50,952,000 after purchasing an additional 3,137 shares during the period. Hedge funds and other institutional investors own 80.93% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on NFLX. Needham & Company LLC reiterated a "buy" rating and issued a $1,500.00 price target on shares of Netflix in a report on Friday, July 18th. Pivotal Research reiterated a "buy" rating on shares of Netflix in a report on Thursday, July 10th. Bank of America increased their price target on Netflix from $1,175.00 to $1,490.00 and gave the company a "buy" rating in a report on Friday, May 30th. Guggenheim reiterated a "buy" rating and issued a $1,150.00 price target (up from $1,100.00) on shares of Netflix in a report on Friday, April 18th. Finally, Piper Sandler increased their price target on Netflix from $1,400.00 to $1,500.00 and gave the company an "overweight" rating in a report on Friday, July 18th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $1,297.66.

Netflix Trading Up 0.7%

NASDAQ NFLX traded up $8.39 on Friday, hitting $1,238.95. 2,766,194 shares of the stock were exchanged, compared to its average volume of 3,760,348. Netflix, Inc. has a 52-week low of $660.80 and a 52-week high of $1,341.15. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.34 and a quick ratio of 1.34. The company has a market capitalization of $526.47 billion, a price-to-earnings ratio of 52.79, a P/E/G ratio of 2.07 and a beta of 1.59. The company's 50-day moving average price is $1,231.23 and its two-hundred day moving average price is $1,102.15.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings data 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 net margin of 24.58% and a return on equity of 42.50%. The business had revenue of $11.08 billion during the quarter, compared to analyst estimates of $11.04 billion. During the same quarter in the previous year, the business earned $4.88 EPS. Netflix's quarterly revenue was up 15.9% compared to the same quarter last year. Research analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.

Insiders Place Their Bets

In related news, insider Cletus R. Willems sold 238 shares of Netflix stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $1,153.52, for a total value of $274,537.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Spencer Adam Neumann sold 685 shares of the business's stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $1,161.21, for a total transaction of $795,428.85. Following the transaction, the chief financial officer directly owned 3,691 shares of the company's stock, valued at approximately $4,286,026.11. This represents a 15.65% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 146,307 shares of company stock worth $179,443,809 in the last 90 days. 1.37% of the stock is 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.