Netflix, Inc. $NFLX Shares Bought by ZEGA Investments LLC

Key Points

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ZEGA Investments LLC grew its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 28.8% in the first quarter, according to its most recent filing with the SEC. The firm owned 1,370 shares of the Internet television network's stock after acquiring an additional 306 shares during the quarter. ZEGA Investments LLC's holdings in Netflix were worth $1,278,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Halbert Hargrove Global Advisors LLC raised its stake in shares of Netflix by 100.0% in the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock worth $25,000 after buying an additional 13 shares in the last quarter. Brown Shipley& Co Ltd acquired a new position in Netflix during the fourth quarter valued at $27,000. Transce3nd LLC acquired a new position in Netflix during the fourth quarter valued at $32,000. Copia Wealth Management acquired a new position in Netflix during the fourth quarter valued at $37,000. Finally, Stuart Chaussee & Associates Inc. raised its position 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 valued at $41,000 after buying an additional 45 shares during the period. Institutional investors and hedge funds own 80.93% of the company's stock.

Insider Activity at Netflix

In other news, insider Cletus R. Willems sold 238 shares of Netflix stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $1,153.52, for a total transaction of $274,537.76. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Gregory K. Peters sold 2,026 shares of Netflix stock in a transaction that occurred 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 directly owned 12,781 shares in the company, valued at $14,793,240.64. The trade was a 13.68% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 146,307 shares of company stock worth $179,443,809 in the last three months. Company insiders own 1.37% of the company's stock.

Netflix Price Performance

NASDAQ NFLX opened at $1,245.09 on Tuesday. The stock has a 50-day simple moving average of $1,231.65 and a 200 day simple moving average of $1,105.79. 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 stock has a market capitalization of $529.08 billion, a PE ratio of 53.05, a P/E/G ratio of 2.09 and a beta of 1.59. Netflix, Inc. has a twelve month low of $660.80 and a twelve month high of $1,341.15.

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, topping the consensus estimate of $7.07 by $0.12. Netflix had a return on equity of 42.50% and a net margin of 24.58%. The company had revenue of $11.08 billion for the quarter, compared to analyst estimates of $11.04 billion. During the same quarter last year, the firm earned $4.88 EPS. Netflix's revenue for the quarter was up 15.9% compared to the same quarter last year. Research analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Barclays reissued a "sell" rating and set a $1,100.00 price target (up from $1,000.00) on shares of Netflix in a research report on Wednesday, July 9th. Canaccord Genuity Group reissued a "buy" rating on shares of Netflix in a research report on Thursday, July 10th. Sanford C. Bernstein upped their price target on Netflix from $1,200.00 to $1,390.00 and gave the company an "outperform" rating in a research report on Thursday, July 17th. Rosenblatt Securities upped their price target on Netflix from $1,514.00 to $1,515.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Finally, Morgan Stanley reissued an "equal weight" rating on shares of Netflix in a research report on Monday, July 21st. Three research 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 assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company 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.

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