Netflix, Inc. (NASDAQ:NFLX) Shares Bought by Motley Fool Asset Management LLC

Key Points

• Motley Fool Asset Management LLC has increased its stake in Netflix by 1.4% during the first quarter, holding 23,544 shares valued at approximately $21.96 million, making it their 20th largest investment.
• During recent insider transactions, CFO Spencer Adam Neumann and CEO Gregory K. Peters sold shares amounting to over $5.74 million combined, resulting in significant decreases in their ownership stakes.
• Netflix's share price has been trending up, currently around $1,211.64, with a market capitalization of approximately $514.86 billion and a P/E ratio of 51.63, while the company reported $7.19 EPS in its latest earnings report.

Motley Fool Asset Management LLC raised its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 1.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,544 shares of the Internet television network's stock after purchasing an additional 330 shares during the quarter. Netflix comprises approximately 1.2% of Motley Fool Asset Management LLC's investment portfolio, making the stock its 20th biggest holding. Motley Fool Asset Management LLC's holdings in Netflix were worth $21,955,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Halbert Hargrove Global Advisors LLC boosted its holdings in shares of Netflix by 100.0% in the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock valued at $25,000 after acquiring an additional 13 shares in the last quarter. Brown Shipley& Co Ltd bought a new position in shares of Netflix in the fourth quarter valued at approximately $27,000. Transce3nd LLC bought a new stake in Netflix during the fourth quarter worth approximately $32,000. Copia Wealth Management bought a new stake in Netflix during the fourth quarter worth approximately $37,000. Finally, Stuart Chaussee & Associates Inc. boosted its holdings in Netflix by 4,500.0% during the fourth quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock worth $41,000 after buying an additional 45 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Netflix

In related news, CFO Spencer Adam Neumann sold 2,601 shares of the stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $1,307.22, for a total value of $3,400,079.22. Following the transaction, the chief financial officer directly owned 3,691 shares in the company, valued at $4,824,949.02. This represents a 41.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Gregory K. Peters sold 2,026 shares of the stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer owned 12,781 shares in the company, 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. Over the last ninety days, insiders have sold 146,307 shares of company stock valued at $179,443,809. 1.37% of the stock is currently owned by corporate insiders.

Netflix Trading Up 2.6%

Shares of NASDAQ NFLX opened at $1,211.64 on Monday. The company's 50 day simple moving average is $1,232.25 and its 200 day simple moving average is $1,095.21. Netflix, Inc. has a fifty-two week low of $622.99 and a fifty-two week high of $1,341.15. The firm has a market capitalization of $514.86 billion, a P/E ratio of 51.63, a P/E/G ratio of 2.04 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.

Netflix (NASDAQ:NFLX - Get Free Report) last announced 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. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The business had revenue of $11.08 billion for the quarter, compared to analyst estimates of $11.04 billion. During the same period in the prior year, the business posted $4.88 earnings per share. Netflix's revenue was up 15.9% compared to the same quarter last year. On average, analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on NFLX shares. Wall Street Zen cut shares of Netflix from a "buy" rating to a "hold" rating in a report on Saturday. Needham & Company LLC restated a "buy" rating and set a $1,500.00 target price on shares of Netflix in a report on Friday, July 18th. Oppenheimer raised their target price on shares of Netflix from $1,200.00 to $1,425.00 and gave the stock an "outperform" rating in a report on Thursday, June 12th. Barclays restated a "sell" rating and set a $1,100.00 target price (up from $1,000.00) on shares of Netflix in a report on Wednesday, July 9th. Finally, Loop Capital restated a "hold" rating on shares of Netflix in a report on Tuesday, July 15th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Netflix presently has an average rating of "Moderate Buy" and a consensus target price of $1,297.66.

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.

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