Netflix, Inc. (NASDAQ:NFLX) Shares Bought by Knuff & Co LLC

Key Points

• Knuff & Co LLC has increased its stake in Netflix by 2.0%, owning a total of 17,307 shares valued at approximately $16.14 million, making it the fourth largest holding in their portfolio.
• Analysts currently have a Moderate Buy rating on Netflix, with price targets ranging up to $1,500.00, reflecting a positive outlook despite some ratings being downgraded to "hold."
• Recent insider sales by executives, including the CEO and an insider, resulted in over 146,300 shares sold, indicating potential shifts in their positions within the company.

Knuff & Co LLC raised its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 2.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 17,307 shares of the Internet television network's stock after buying an additional 344 shares during the quarter. Netflix comprises approximately 5.4% of Knuff & Co LLC's investment portfolio, making the stock its 4th biggest holding. Knuff & Co LLC's holdings in Netflix were worth $16,139,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of NFLX. Fullcircle Wealth LLC lifted its stake in Netflix by 2.5% in the 1st quarter. Fullcircle Wealth LLC now owns 369 shares of the Internet television network's stock valued at $344,000 after purchasing an additional 9 shares during the last quarter. Mission Creek Capital Partners Inc. lifted its stake in Netflix by 0.3% in the 4th quarter. Mission Creek Capital Partners Inc. now owns 3,826 shares of the Internet television network's stock valued at $3,410,000 after purchasing an additional 10 shares during the last quarter. Continuum Wealth Advisors LLC lifted its stake in Netflix by 4.4% in the 1st quarter. Continuum Wealth Advisors LLC now owns 235 shares of the Internet television network's stock valued at $219,000 after purchasing an additional 10 shares during the last quarter. Financial Enhancement Group LLC lifted its stake in Netflix by 2.5% in the 1st quarter. Financial Enhancement Group LLC now owns 412 shares of the Internet television network's stock valued at $384,000 after purchasing an additional 10 shares during the last quarter. Finally, Saxony Capital Management LLC lifted its stake in Netflix by 1.4% in the 1st quarter. Saxony Capital Management LLC now owns 707 shares of the Internet television network's stock valued at $659,000 after purchasing an additional 10 shares during the last quarter. Institutional investors own 80.93% of the company's stock.

Analysts Set New Price Targets

NFLX has been the topic of several research analyst reports. Wedbush reissued an "outperform" rating and issued a $1,500.00 price target (up from $1,400.00) on shares of Netflix in a report on Monday, July 14th. Seaport Res Ptn cut shares of Netflix from a "strong-buy" rating to a "hold" rating in a report on Sunday, July 6th. Needham & Company LLC reissued a "buy" rating and issued a $1,500.00 price target on shares of Netflix in a report on Friday, July 18th. Loop Capital reaffirmed a "hold" rating on shares of Netflix in a report on Tuesday, July 15th. Finally, UBS Group reaffirmed a "market underperform" rating on shares of Netflix in a report on Saturday, July 19th. 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 given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $1,297.66.

Insider Activity

In other news, insider David A. Hyman sold 424 shares of the firm's stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $1,158.67, for a total transaction of $491,276.08. Following the sale, the insider owned 31,610 shares in the company, valued at approximately $36,625,558.70. This trade represents a 1.32% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Theodore A. Sarandos sold 2,026 shares of the firm's stock in a transaction on 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 sale, the chief executive officer owned 15,168 shares in the company, valued at approximately $17,604,284.16. This trade represents a 11.78% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 146,307 shares of company stock worth $179,443,809. Corporate insiders own 1.37% of the company's stock.

Netflix Stock Performance

NASDAQ NFLX opened at $1,238.95 on Friday. Netflix, Inc. has a 1 year low of $660.80 and a 1 year high of $1,341.15. 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 stock has a market capitalization of $526.47 billion, a PE ratio of 52.79, a P/E/G ratio of 2.07 and a beta of 1.59. The company's 50 day simple moving average is $1,231.23 and its two-hundred day simple moving average is $1,102.15.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $11.08 billion for the quarter, compared to analysts' expectations of $11.04 billion. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The business's quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter last year, the company posted $4.88 EPS. Analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Netflix Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.