Netflix, Inc. $NFLX Shares Purchased by Aptus Capital Advisors LLC

Key Points

• Aptus Capital Advisors LLC has increased its stake in Netflix by 8.6%, owning 35,379 shares valued at approximately $32.99 million.
• CEO Gregory K. Peters and CFO Spencer Adam Neumann both sold significant shares of Netflix, with respective decreases in their holdings of 13.68% and 41.34%.
• Netflix's earnings report revealed a revenue of $11.08 billion and earnings per share of $7.19, exceeding analyst expectations, indicating strong financial performance year-over-year.

Aptus Capital Advisors LLC lifted its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 8.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 35,379 shares of the Internet television network's stock after acquiring an additional 2,790 shares during the period. Aptus Capital Advisors LLC's holdings in Netflix were worth $32,992,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insider Activity

In other news, CEO Gregory K. Peters sold 2,026 shares of the business's 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 value of $2,344,973.44. Following the completion of the transaction, the chief executive officer directly owned 12,781 shares in the company, valued at approximately $14,793,240.64. The trade was a 13.68% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Spencer Adam Neumann sold 2,601 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $1,307.22, for a total transaction of $3,400,079.22. Following the transaction, the chief financial officer owned 3,691 shares of the company's stock, valued at approximately $4,824,949.02. This represents a 41.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 146,307 shares of company stock worth $179,443,809. Insiders own 1.37% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on NFLX. Oppenheimer raised their price objective 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. Cfra Research upgraded shares of Netflix to a "strong-buy" rating in a research report on Monday, April 28th. JPMorgan Chase & Co. lifted their price objective on shares of Netflix from $1,230.00 to $1,300.00 and gave the stock a "neutral" rating in a research note on Friday, July 18th. The Goldman Sachs Group lifted their price objective on shares of Netflix from $1,000.00 to $1,140.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 2nd. Finally, Wedbush reaffirmed an "outperform" rating and issued a $1,500.00 price target (up previously from $1,400.00) on shares of Netflix in a research note on Monday, July 14th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,297.66.

Netflix Price Performance

NFLX opened at $1,238.95 on Monday. Netflix, Inc. has a one year low of $660.80 and a one 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 company's 50 day simple moving average is $1,231.23 and its 200-day simple moving average is $1,103.91. The stock has a market capitalization of $526.46 billion, a P/E ratio of 52.79, a price-to-earnings-growth ratio of 2.09 and a beta of 1.59.

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

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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