Roof Eidam Maycock Peralta LLC Has $993,000 Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Key Points

• Roof Eidam Maycock Peralta LLC significantly increased its holdings in Netflix, growing its position by 106.8% during the first quarter, now owning shares worth $993,000.
• Institutional investors hold 80.93% of Netflix's stock, with notable increases in holdings from GAMMA Investing LLC and Goldman Sachs Group Inc. during the same period.
• Netflix reported better-than-expected earnings for the quarter, with $7.19 EPS and revenue of $11.08 billion, indicating a year-over-year revenue growth of 15.9%.

Roof Eidam Maycock Peralta LLC increased its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 106.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,065 shares of the Internet television network's stock after buying an additional 550 shares during the quarter. Roof Eidam Maycock Peralta LLC's holdings in Netflix were worth $993,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in NFLX. Resurgent Financial Advisors LLC lifted its holdings in Netflix by 234.4% during the 1st quarter. Resurgent Financial Advisors LLC now owns 1,010 shares of the Internet television network's stock valued at $942,000 after purchasing an additional 708 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of Netflix by 8.7% in the fourth quarter. Janus Henderson Group PLC now owns 1,377,081 shares of the Internet television network's stock valued at $1,227,468,000 after purchasing an additional 110,432 shares during the last quarter. PharVision Advisers LLC bought a new position in shares of Netflix in the fourth quarter valued at about $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 buying an additional 1,268 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings 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 buying an additional 3,137 shares during the period. 80.93% of the stock is owned by institutional investors.

Netflix Price Performance

Shares of NFLX traded up $31.27 during mid-day trading on Friday, reaching $1,211.64. The company had a trading volume of 3,811,512 shares, compared to its average volume of 3,961,090. The company has a market capitalization of $514.86 billion, a price-to-earnings ratio of 51.63, a P/E/G ratio of 1.99 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. The company's 50 day simple moving average is $1,232.06 and its 200 day simple moving average is $1,091.12. Netflix, Inc. has a 1-year low of $622.99 and a 1-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 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 the consensus estimate of $11.04 billion. During the same quarter in the prior year, the firm earned $4.88 EPS. The firm's revenue was up 15.9% compared to the same quarter last year. Analysts expect that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Activity at Netflix

In other Netflix news, CFO Spencer Adam Neumann sold 685 shares of the company's stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $1,161.21, for a total value of $795,428.85. Following the completion of the transaction, the chief financial officer owned 3,691 shares of the company's stock, valued at $4,286,026.11. This represents a 15.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 value of $2,344,973.44. Following the completion of the transaction, the chief executive officer owned 12,781 shares of the company's stock, valued at $14,793,240.64. This represents a 13.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 150,226 shares of company stock worth $183,849,784 over the last 90 days. 1.37% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

NFLX has been the topic of several research analyst reports. Citigroup reissued a "neutral" rating and issued a $1,250.00 price target (up from $1,020.00) on shares of Netflix in a report on Thursday, May 29th. Seaport Res Ptn lowered Netflix from a "strong-buy" rating to a "hold" rating in a research note on Sunday, July 6th. Wedbush reissued an "outperform" rating and set a $1,500.00 price target (up from $1,400.00) on shares of Netflix in a report on Monday, July 14th. Wolfe Research set a $1,340.00 price objective on Netflix and gave the company an "outperform" rating in a report on Friday, May 16th. Finally, Bank of America increased their price objective on Netflix from $1,175.00 to $1,490.00 and gave the stock a "buy" rating in a research report on Friday, May 30th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Netflix currently has a consensus rating of "Moderate Buy" and an average price target 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.