MGO One Seven LLC Buys 1,545 Shares of Netflix, Inc. (NASDAQ:NFLX)

Key Points

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MGO One Seven LLC lifted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 12.5% in the first quarter, according to its most recent filing with the SEC. The firm owned 13,922 shares of the Internet television network's stock after acquiring an additional 1,545 shares during the period. MGO One Seven LLC's holdings in Netflix were worth $12,983,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Sound View Wealth Advisors Group LLC raised its holdings in shares of Netflix by 2.7% in the first quarter. Sound View Wealth Advisors Group LLC now owns 1,803 shares of the Internet television network's stock valued at $1,681,000 after buying an additional 47 shares during the last quarter. Lyell Wealth Management LP grew its holdings in Netflix by 8.2% during the 1st quarter. Lyell Wealth Management LP now owns 15,753 shares of the Internet television network's stock worth $14,690,000 after acquiring an additional 1,190 shares during the period. Cordatus Wealth Management LLC increased its holdings in Netflix by 1.8% in the first quarter. Cordatus Wealth Management LLC now owns 3,141 shares of the Internet television network's stock valued at $2,929,000 after purchasing an additional 57 shares during the last quarter. Menard Financial Group LLC increased its stake in shares of Netflix by 92.5% in the 1st quarter. Menard Financial Group LLC now owns 1,636 shares of the Internet television network's stock valued at $1,526,000 after acquiring an additional 786 shares during the last quarter. Finally, Hoxton Planning & Management LLC acquired a new stake in Netflix in the first quarter worth $1,003,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Netflix

In other Netflix news, Director Reed Hastings sold 26,933 shares of the firm's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $1,211.66, for a total value of $32,633,638.78. Following the completion of the sale, the director owned 394 shares of the company's stock, valued at $477,394.04. This trade represents a 98.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Spencer Adam Neumann sold 2,601 shares of the company's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $1,211.67, for a total value of $3,151,553.67. Following the transaction, the chief financial officer directly owned 3,691 shares in the company, valued at approximately $4,472,273.97. This represents a 41.34% decrease in their position. The disclosure for this sale can be found here. Insiders sold 123,830 shares of company stock valued at $153,102,930 over the last three months. Corporate insiders own 1.37% of the company's stock.

Netflix Price Performance

Shares of Netflix stock traded up $18.66 during trading hours on Friday, reaching $1,178.06. The company's stock had a trading volume of 929,458 shares, compared to its average volume of 4,248,271. The firm has a 50 day moving average price of $1,234.85 and a 200-day moving average price of $1,080.08. 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 stock has a market cap of $500.59 billion, a P/E ratio of 50.14, a P/E/G ratio of 1.99 and a beta of 1.59. Netflix, Inc. has a one year low of $587.04 and a one year high of $1,341.15.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, topping the consensus estimate of $7.07 by $0.12. The company had revenue of $11.08 billion for the quarter, compared to analysts' expectations of $11.04 billion. Netflix had a return on equity of 42.50% and a net margin of 24.58%. The firm's revenue for the quarter was up 15.9% on a year-over-year basis. During the same period in the previous year, the firm posted $4.88 earnings per share. On average, analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.

Wall Street Analyst Weigh In

NFLX has been the subject of several research analyst reports. Canaccord Genuity Group reiterated a "buy" rating on shares of Netflix in a report on Thursday, July 10th. Barclays reiterated a "sell" rating and set a $1,100.00 price objective (up previously from $1,000.00) on shares of Netflix in a research note on Wednesday, July 9th. Macquarie upped their price objective on Netflix from $1,150.00 to $1,200.00 and gave the company an "outperform" rating in a research note on Monday, April 21st. UBS Group restated a "market underperform" rating on shares of Netflix in a research note on Saturday, July 19th. Finally, Seaport Res Ptn downgraded Netflix from a "strong-buy" rating to a "hold" rating in a report on Sunday, July 6th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Netflix has a consensus rating of "Moderate Buy" and a consensus target price of $1,297.66.

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.