Netflix, Inc. (NASDAQ:NFLX) Shares Acquired by Arrowpoint Investment Partners Singapore Pte. Ltd.

Key Points

• Arrowpoint Investment Partners Singapore Pte. Ltd. increased its stake in Netflix, Inc. by 300%, owning 400 shares valued at $373,000, according to their latest SEC filing.
• Institutional investors collectively own 80.93% of Netflix's stock, with notable increases in stakes from Vanguard, GAMMA Investing, and Goldman Sachs during recent quarters.
• Netflix reported a 15.9% year-over-year revenue increase, with earnings per share of $7.19, surpassing analyst expectations by $0.12 during its last quarterly earnings announcement.

Arrowpoint Investment Partners Singapore Pte. Ltd. increased its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 300.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 400 shares of the Internet television network's stock after acquiring an additional 300 shares during the period. Arrowpoint Investment Partners Singapore Pte. Ltd.'s holdings in Netflix were worth $373,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its stake in Netflix by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 37,997,260 shares of the Internet television network's stock valued at $35,433,585,000 after buying an additional 509,255 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Netflix by 109,524.3% during 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 period. Invesco Ltd. lifted its stake in shares of Netflix by 8.3% during the 1st quarter. Invesco Ltd. now owns 4,664,818 shares of the Internet television network's stock worth $4,350,083,000 after purchasing an additional 356,617 shares during the period. Northern Trust Corp lifted its stake in shares of Netflix by 14.3% during the 4th quarter. Northern Trust Corp now owns 4,574,006 shares of the Internet television network's stock worth $4,076,903,000 after purchasing an additional 570,674 shares during the period. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Netflix by 57.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,393,064 shares of the Internet television network's stock worth $3,164,134,000 after purchasing an additional 1,236,251 shares during the period. Institutional investors and hedge funds own 80.93% of the company's stock.

Netflix Stock Up 0.6%

Shares of Netflix stock opened at $1,225.28 on Wednesday. The business has a 50-day moving average of $1,232.39 and a 200-day moving average of $1,097.79. 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 $520.66 billion, a PE ratio of 52.21, a P/E/G ratio of 2.05 and a beta of 1.59. Netflix, Inc. has a 1-year low of $635.50 and a 1-year high of $1,341.15.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, beating the consensus estimate of $7.07 by $0.12. The company 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 company's revenue was up 15.9% on a year-over-year basis. During the same period last year, the firm earned $4.88 earnings per share. As a group, equities analysts forecast that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Activity at Netflix

In other news, CEO Gregory K. Peters sold 2,026 shares of the stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $1,157.44, for a total transaction of $2,344,973.44. Following the transaction, the chief executive officer owned 12,781 shares of the company's stock, valued at approximately $14,793,240.64. This trade represents a 13.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider David A. Hyman sold 424 shares of the stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $1,158.67, for a total transaction of $491,276.08. Following the transaction, the insider directly owned 31,610 shares in the company, valued at $36,625,558.70. The trade was a 1.32% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 146,307 shares of company stock valued at $179,443,809. 1.37% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. BMO Capital Markets reissued an "outperform" rating and set a $1,425.00 price target (up previously from $1,200.00) on shares of Netflix in a research note on Tuesday, July 15th. The Goldman Sachs Group increased their price target on Netflix from $1,000.00 to $1,140.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 2nd. KeyCorp increased their price target on Netflix from $1,070.00 to $1,390.00 and gave the stock an "overweight" rating in a research note on Thursday, July 10th. UBS Group reissued a "market underperform" rating on shares of Netflix in a research note on Saturday, July 19th. Finally, Robert W. Baird increased their target price on Netflix from $1,300.00 to $1,500.00 and gave the stock an "outperform" rating in a research report on Monday, July 21st. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average 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.

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