Netflix, Inc. (NASDAQ:NFLX) Position Boosted by Blair William & Co. IL

Key Points

• Blair William & Co. IL increased its stake in Netflix by 0.8%, raising its holdings to 137,431 shares valued at $128.16 million.
• GAMMA Investing LLC made significant moves by boosting its holdings by over 109,524%, now owning approximately 8.83 million shares worth around $8.24 billion.
• Netflix reported earnings of $7.19 per share for the latest quarter, exceeding estimates, with revenue of $11.08 billion, representing a 15.9% increase year-over-year.

Blair William & Co. IL lifted its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 0.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 137,431 shares of the Internet television network's stock after buying an additional 1,041 shares during the quarter. Blair William & Co. IL's holdings in Netflix were worth $128,159,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. GAMMA Investing LLC lifted its holdings in Netflix by 109,524.3% in the 1st quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network's stock worth $8,239,576,000 after purchasing an additional 8,827,662 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Netflix by 14.3% during the fourth quarter. Northern Trust Corp now owns 4,574,006 shares of the Internet television network's stock worth $4,076,903,000 after buying an additional 570,674 shares during the last quarter. Two Sigma Advisers LP increased its position in shares of Netflix by 935.7% during the fourth quarter. Two Sigma Advisers LP now owns 461,900 shares of the Internet television network's stock valued at $411,701,000 after purchasing an additional 417,300 shares during the period. Massachusetts Financial Services Co. MA increased its position in shares of Netflix by 42.0% during the first quarter. Massachusetts Financial Services Co. MA now owns 1,387,159 shares of the Internet television network's stock valued at $1,293,567,000 after purchasing an additional 410,235 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Netflix during the fourth quarter valued at approximately $355,076,000. Institutional investors own 80.93% of the company's stock.

Netflix Stock Down 0.1%

Shares of Netflix stock opened at $1,158.60 on Friday. The business's 50 day simple moving average is $1,234.32 and its 200 day simple moving average is $1,083.98. Netflix, Inc. has a 52-week low of $587.04 and a 52-week high of $1,341.15. The firm has a market cap of $492.32 billion, a PE ratio of 49.37, a P/E/G ratio of 1.95 and a beta of 1.59. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34.

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

Wall Street Analyst Weigh In

NFLX has been the topic of a number of analyst reports. Canaccord Genuity Group reiterated a "buy" rating on shares of Netflix in a research report on Thursday, July 10th. Morgan Stanley restated an "equal weight" rating on shares of Netflix in a report on Monday, July 21st. JPMorgan Chase & Co. raised their price target on Netflix from $1,230.00 to $1,300.00 and gave the company a "neutral" rating in a report on Friday, July 18th. TD Cowen raised their price target on Netflix from $1,440.00 to $1,450.00 and gave the company a "buy" rating in a report on Friday, July 18th. Finally, Seaport Res Ptn lowered Netflix from a "strong-buy" rating to a "hold" rating in a research note on Sunday, July 6th. Three 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 assigned a strong buy rating to the stock. According to data from MarketBeat.com, Netflix presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,297.66.

Insider Transactions at Netflix

In other Netflix news, Director Bradford L. Smith sold 3,919 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $1,124.26, for a total value of $4,405,974.94. Following the completion of the transaction, the director directly owned 7,969 shares in the company, valued at $8,959,227.94. This trade represents a 32.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Reed Hastings sold 26,933 shares of the firm's stock in a transaction that occurred on 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 transaction, the director owned 394 shares of the company's stock, valued at approximately $477,394.04. This represents a 98.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 123,830 shares of company stock valued at $153,102,930. 1.37% of the stock is owned by insiders.

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.

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