Netflix, Inc. (NASDAQ:NFLX) Shares Bought by Invesco Ltd.

Key Points

• Invesco Ltd. increased its holdings in Netflix by 8.3% during the first quarter, owning 4.66 million shares valued at approximately $4.35 billion, making it the 8th largest position in their portfolio.
• Several other institutional investors also adjusted their positions, with Vanguard Group increasing its holdings by 1.4% and Goldman Sachs raising its stake by 57.3% in the same quarter.
• Netflix's stock price has risen 2.6% recently, trading at approximately $1,211.64, while the company's market capitalization stands at $514.86 billion.

Invesco Ltd. lifted its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 8.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,664,818 shares of the Internet television network's stock after acquiring an additional 356,617 shares during the quarter. Netflix accounts for about 0.8% of Invesco Ltd.'s holdings, making the stock its 8th biggest position. Invesco Ltd. owned about 1.10% of Netflix worth $4,350,083,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in Netflix by 1.4% during 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 during the last quarter. GAMMA Investing LLC lifted its position in shares of Netflix by 109,524.3% in the first quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network's stock valued at $8,239,576,000 after acquiring an additional 8,827,662 shares in the last quarter. Northern Trust Corp boosted its stake 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 valued at $4,076,903,000 after acquiring an additional 570,674 shares during the last quarter. Goldman Sachs Group Inc. increased its position in 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 in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Netflix by 5.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,811,760 shares of the Internet television network's stock valued at $2,622,051,000 after purchasing an additional 143,368 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company's stock.

Insider Transactions at Netflix

In other news, CEO Theodore A. Sarandos sold 2,026 shares of the stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $1,160.62, for a total transaction of $2,351,416.12. Following the transaction, the chief executive officer owned 15,168 shares of the company's stock, valued at approximately $17,604,284.16. This trade represents a 11.78% 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 business's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $1,158.67, for a total value of $491,276.08. Following the completion of the sale, the insider directly owned 31,610 shares of the company's stock, valued at approximately $36,625,558.70. This represents a 1.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 150,226 shares of company stock valued at $183,849,784 over the last ninety days. 1.37% of the stock is currently owned by corporate insiders.

Netflix Stock Up 2.6%

Shares of Netflix stock opened at $1,211.64 on Friday. Netflix, Inc. has a 1-year low of $622.99 and a 1-year high of $1,341.15. The company has a market capitalization of $514.86 billion, a PE 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 current ratio of 1.34 and a quick ratio of 1.34. The business has a 50-day moving average of $1,232.25 and a 200-day moving average of $1,093.48.

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, beating analysts' consensus estimates of $7.07 by $0.12. Netflix had a return on equity of 42.50% and a net margin of 24.58%. The firm had revenue of $11.08 billion during the quarter, compared to analyst estimates of $11.04 billion. During the same quarter last year, the firm earned $4.88 EPS. Netflix's quarterly revenue was up 15.9% on a year-over-year basis. As a group, equities analysts forecast that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Analysts Set New Price Targets

NFLX has been the topic of several analyst reports. Loop Capital reaffirmed a "hold" rating on shares of Netflix in a research note on Tuesday, July 15th. Phillip Securities downgraded shares of Netflix from a "hold" rating to a "strong sell" rating in a research note on Monday, July 21st. Sanford C. Bernstein raised their target price on shares of Netflix from $1,200.00 to $1,390.00 and gave the stock an "outperform" rating in a research report on Thursday, July 17th. Evercore ISI reiterated an "outperform" rating on shares of Netflix in a report on Thursday, May 15th. Finally, Bank of America raised their price objective on Netflix from $1,175.00 to $1,490.00 and gave the stock a "buy" rating in a report on Friday, May 30th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average 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.

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