Netflix, Inc. $NFLX Shares Sold by Aubrey Capital Management Ltd

Key Points

• Aubrey Capital Management Ltd reduced its stake in Netflix by 9.5% in the second quarter, now holding 3,800 shares valued at approximately $5,088,000.
• Major institutional investors like Stephens Consulting LLC and Flaharty Asset Management LLC have increased their positions in Netflix, while insiders have sold a total of 104,100 shares worth about $122.71 million over the last 90 days.
• Analysts maintain a generally positive outlook on Netflix, with a consensus rating of "Moderate Buy" and an average target price of $1,339.81.

Aubrey Capital Management Ltd cut its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 9.5% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,800 shares of the Internet television network's stock after selling 400 shares during the quarter. Netflix comprises approximately 1.8% of Aubrey Capital Management Ltd's investment portfolio, making the stock its 17th biggest position. Aubrey Capital Management Ltd's holdings in Netflix were worth $5,088,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Stephens Consulting LLC increased its stake in shares of Netflix by 150.0% in the 2nd quarter. Stephens Consulting LLC now owns 25 shares of the Internet television network's stock worth $33,000 after acquiring an additional 15 shares during the last quarter. Flaharty Asset Management LLC acquired a new stake in shares of Netflix in the 1st quarter worth $37,000. Maseco LLP acquired a new stake in shares of Netflix in the 2nd quarter worth $39,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Netflix in the 1st quarter worth $42,000. Finally, 1248 Management LLC acquired a new stake in shares of Netflix in the 1st quarter worth $43,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on NFLX shares. Citigroup reaffirmed a "neutral" rating and issued a $1,295.00 target price (up from $1,280.00) on shares of Netflix in a research note on Friday, October 3rd. Zacks Research downgraded Netflix from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 1st. TD Cowen cut their price objective on Netflix from $1,450.00 to $1,425.00 and set a "buy" rating for the company in a research report on Tuesday, October 7th. Jefferies Financial Group reissued a "buy" rating on shares of Netflix in a research report on Tuesday. Finally, Canaccord Genuity Group reissued a "buy" rating on shares of Netflix in a research report on Thursday, July 10th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $1,339.81.

Insider Buying and Selling

In other Netflix news, insider David A. Hyman sold 424 shares of Netflix stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $1,158.67, for a total value of $491,276.08. Following the completion of the transaction, the insider directly owned 31,610 shares of the company's stock, valued at $36,625,558.70. The trade was a 1.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Spencer Adam Neumann sold 2,601 shares of Netflix stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $1,162.40, for a total value of $3,023,402.40. Following the completion of the transaction, the chief financial officer owned 3,691 shares of the company's stock, valued at $4,290,418.40. The trade was a 41.34% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 104,100 shares of company stock worth $122,710,980 over the last 90 days. 1.37% of the stock is owned by insiders.

Netflix Stock Performance

NASDAQ NFLX opened at $1,183.59 on Friday. The company has a market cap of $502.94 billion, a P/E ratio of 50.43, a P/E/G ratio of 2.02 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. The stock has a 50-day moving average of $1,213.72 and a two-hundred day moving average of $1,174.05. Netflix, Inc. has a 1-year low of $677.88 and a 1-year high of $1,341.15.

Netflix (NASDAQ:NFLX - Get Free Report) last released its earnings results 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 company had revenue of $11.08 billion during the quarter, compared to the consensus estimate 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 period in the previous year, the company posted $4.88 EPS. As a group, analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current 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.

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