Netflix, Inc. (NASDAQ:NFLX) Shares Bought by Natixis Advisors LLC

Key Points

• Natixis Advisors LLC increased its stake in Netflix by 1.0%, holding approximately $520.36 million worth of the stock, making it the 12th largest position in their portfolio.
• Multiple institutional investors, including FMR LLC and GAMMA Investing LLC, have also recently increased their holdings in Netflix, reflecting growing confidence in the company.
• Netflix's recent earnings report exceeded analysts' expectations, with a revenue of $11.08 billion and an EPS of $7.19, showcasing a year-over-year revenue increase of 15.9%.

Natixis Advisors LLC raised its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 1.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 558,009 shares of the Internet television network's stock after purchasing an additional 5,574 shares during the quarter. Netflix accounts for approximately 1.0% of Natixis Advisors LLC's portfolio, making the stock its 12th largest position. Natixis Advisors LLC owned about 0.13% of Netflix worth $520,360,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the company. Halbert Hargrove Global Advisors LLC increased its holdings in shares of Netflix by 100.0% in the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock valued at $25,000 after acquiring an additional 13 shares during the last quarter. Brown Shipley& Co Ltd purchased a new position in Netflix in the fourth quarter valued at approximately $27,000. Transce3nd LLC purchased a new stake in shares of Netflix during the 4th quarter worth approximately $32,000. Copia Wealth Management acquired a new position in shares of Netflix in the 4th quarter valued at $37,000. Finally, Stuart Chaussee & Associates Inc. raised its stake in Netflix by 4,500.0% during the 4th 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. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Citigroup reissued a "neutral" rating and issued a $1,250.00 target price (up from $1,020.00) on shares of Netflix in a report on Thursday, May 29th. Oppenheimer lifted their target price on shares of Netflix from $1,200.00 to $1,425.00 and gave the company an "outperform" rating in a report on Thursday, June 12th. Piper Sandler lifted their price objective on shares of Netflix from $1,400.00 to $1,500.00 and gave the company an "overweight" rating in a research note on Friday, July 18th. Sanford C. Bernstein raised their price target on Netflix from $1,200.00 to $1,390.00 and gave the stock an "outperform" rating in a report on Thursday, July 17th. Finally, KeyCorp boosted their price target on Netflix from $1,070.00 to $1,390.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. Three 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 stock. According to MarketBeat.com, Netflix has an average rating of "Moderate Buy" and an average target price of $1,297.66.

Insider Buying and Selling at Netflix

In other news, Director Strive Masiyiwa sold 290 shares of Netflix stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $1,336.54, for a total value of $387,596.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Jeffrey William Karbowski sold 620 shares of the company's stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $1,286.84, for a total value of $797,840.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 153,408 shares of company stock valued at $186,614,540. Corporate insiders own 1.37% of the company's stock.

Netflix Price Performance

Shares of NFLX traded up $15.46 during mid-day trading on Wednesday, reaching $1,184.20. 2,908,020 shares of the company's stock were exchanged, compared to its average volume of 3,752,075. 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, Inc. has a 52-week low of $587.04 and a 52-week high of $1,341.15. The company has a market cap of $503.20 billion, a price-to-earnings ratio of 50.46, a PEG ratio of 1.97 and a beta of 1.59. The company has a 50-day simple moving average of $1,235.42 and a two-hundred day simple moving average of $1,077.88.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, topping analysts' consensus estimates of $7.07 by $0.12. The company had revenue of $11.08 billion during 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 business's revenue for the quarter was up 15.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.88 earnings per share. On average, sell-side analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

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.