Netflix, Inc. (NASDAQ:NFLX) Shares Purchased by AlphaCore Capital LLC

Key Points

• AlphaCore Capital LLC significantly increased its position in Netflix, raising its holdings by 133.2% during the first quarter to 716 shares, valued at approximately $668,000.
• Netflix reported an earnings per share of $7.19, surpassing the consensus estimate of $7.07, and saw a 15.9% increase in revenue year-over-year, reaching $11.08 billion.
• Despite positive earnings, several analysts have issued mixed ratings for Netflix, with three sell ratings, eleven hold ratings, and twenty-two buy ratings, illustrating a varied outlook among investors.

AlphaCore Capital LLC raised its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 133.2% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 716 shares of the Internet television network's stock after buying an additional 409 shares during the quarter. AlphaCore Capital LLC's holdings in Netflix were worth $668,000 at the end of the most recent quarter.

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

Netflix Stock Performance

Shares of Netflix stock opened at $1,211.64 on Friday. The stock has a market cap of $514.86 billion, a PE ratio of 51.63, a price-to-earnings-growth ratio of 1.99 and a beta of 1.59. The business has a fifty day simple moving average of $1,232.25 and a 200-day simple moving average of $1,093.48. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58. Netflix, Inc. has a 12 month low of $622.99 and a 12 month high of $1,341.15.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its earnings results on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, topping the consensus estimate of $7.07 by $0.12. The business had revenue of $11.08 billion during the quarter, compared to analysts' expectations of $11.04 billion. Netflix had a return on equity of 42.50% and a net margin of 24.58%. Netflix's revenue was up 15.9% compared to the same quarter last year. During the same quarter last year, the firm posted $4.88 earnings per share. On average, sell-side analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Buying and Selling at Netflix

In related news, CFO Spencer Adam Neumann sold 685 shares of the stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $1,161.21, for a total transaction of $795,428.85. Following the completion of the sale, the chief financial officer directly owned 3,691 shares in the company, valued at approximately $4,286,026.11. This trade represents a 15.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gregory K. Peters sold 2,026 shares of the stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $1,157.44, for a total value of $2,344,973.44. Following the sale, the chief executive officer owned 12,781 shares of the company's stock, valued at approximately $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 sold 150,226 shares of company stock valued at $183,849,784 in the last quarter. Corporate insiders own 1.37% of the company's stock.

Analyst Ratings Changes

NFLX has been the topic of a number of research reports. Canaccord Genuity Group reiterated a "buy" rating on shares of Netflix in a research report on Thursday, July 10th. Wall Street Zen cut Netflix from a "buy" rating to a "hold" rating in a research report on Saturday. Phillip Securities cut Netflix from a "hold" rating to a "strong sell" rating in a research report on Monday, July 21st. Needham & Company LLC restated a "buy" rating and issued a $1,500.00 target price on shares of Netflix in a research report on Friday, July 18th. Finally, TD Cowen raised their target price on Netflix from $1,440.00 to $1,450.00 and gave the company a "buy" rating in a research report on Friday, July 18th. 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's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus 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.

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