Orser Capital Management LLC Buys Shares of 19,305 Netflix, Inc. $NFLX

Orser Capital Management LLC bought a new position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 19,305 shares of the Internet television network's stock, valued at approximately $1,378,000.

A number of other large investors also recently modified their holdings of NFLX. 55 North Private Wealth LLC grew its holdings in shares of Netflix by 2.6% during the second quarter. 55 North Private Wealth LLC now owns 9,651 shares of the Internet television network's stock worth $689,000 after purchasing an additional 240 shares during the last quarter. Clark Asset Management LLC raised its holdings in Netflix by 4.6% in the 2nd quarter. Clark Asset Management LLC now owns 15,993 shares of the Internet television network's stock valued at $1,142,000 after buying an additional 701 shares during the last quarter. Sarasin & Partners LLP boosted its position in Netflix by 10.5% during the 2nd quarter. Sarasin & Partners LLP now owns 2,736,198 shares of the Internet television network's stock worth $195,365,000 after buying an additional 259,794 shares during the period. Evanson Financial LLC acquired a new stake in Netflix during the 2nd quarter worth approximately $579,000. Finally, Fermata Advisors LLC grew its holdings in Netflix by 10.0% during the 2nd quarter. Fermata Advisors LLC now owns 3,452 shares of the Internet television network's stock worth $246,000 after acquiring an additional 314 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors.

Netflix Trading Down 0.7%

NFLX opened at $73.69 on Friday. Netflix, Inc. has a twelve month low of $65.08 and a twelve month high of $126.71. The company has a fifty day moving average of $75.56 and a 200-day moving average of $84.95. The stock has a market cap of $306.84 billion, a PE ratio of 23.19, a price-to-earnings-growth ratio of 0.93 and a beta of 1.52. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.39.

Netflix (NASDAQ:NFLX - Get Free Report) last released its earnings results on Thursday, July 16th. The Internet television network reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.01. The business had revenue of $12.56 billion for the quarter, compared to analyst estimates of $12.58 billion. Netflix had a net margin of 28.22% and a return on equity of 40.02%. Netflix's revenue for the quarter was up 13.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.72 earnings per share. On average, sell-side analysts predict that Netflix, Inc. will post 3.59 EPS for the current year.

Insider Transactions at Netflix

In related news, Director Bradford L. Smith sold 35,990 shares of the firm's stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $77.52, for a total transaction of $2,789,944.80. Following the completion of the sale, the director owned 79,690 shares of the company's stock, valued at $6,177,568.80. This trade represents a 31.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Gregory K. Peters sold 27,312 shares of Netflix stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $73.54, for a total value of $2,008,524.48. Following the completion of the sale, the chief executive officer owned 120,931 shares of the company's stock, valued at approximately $8,893,265.74. The trade was a 18.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 591,047 shares of company stock worth $48,355,766. Corporate insiders own 1.24% of the company's stock.

More Netflix News

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix is reportedly considering launching always-on, linear-style streaming channels. The move could increase viewing time, improve content monetization and appeal to viewers seeking a traditional television experience. Netflix Killed Cable TV. Now the Streaming Giant Wants to Bring It Back
• Positive Sentiment: An extended Grand Theft Auto VI gameplay trailer is scheduled to debut on Netflix on August 27. The partnership could generate attention and engagement, although it is unlikely to materially change Netflix’s near-term financial outlook. Take-Two Stock Slips Despite News of a GTA VI Trailer Coming to Netflix
• Neutral Sentiment: Director Richard Barton’s sale of 2,160 shares was executed under a pre-arranged Rule 10b5-1 plan, making it a relatively limited signal about management’s current view of NFLX. The director retained 246 shares afterward. Netflix’s Latest Insider Sale Looks Bigger Than It Is
• Neutral Sentiment: Insider David Hyman previously sold shares to cover tax withholding tied to vested equity awards, another transaction with limited fundamental significance. Netflix’s latest quarter showed earnings slightly above expectations and 13.4% year-over-year revenue growth, but sales narrowly missed consensus.
• Negative Sentiment: CEO Gregory Peters sold 27,312 shares worth approximately $2.0 million. Although the filing did not identify a 10b5-1 plan, he continues to own more than 120,000 shares; nevertheless, the sale adds to investor concern after multiple insider transactions. Netflix Insider Plans Stock Sale as NFLX Shares Slip
• Negative Sentiment: Netflix has reportedly underperformed the S&P 500 by a wide margin over the past year. Concerns about weaker engagement, reduced viewing-data disclosure and intensifying streaming competition are weighing on sentiment and valuation. Netflix and MercadoLibre Are Underperforming the S&P 500

Wall Street Analyst Weigh In

NFLX has been the subject of several recent research reports. Needham & Company LLC restated a "buy" rating on shares of Netflix in a research report on Friday, April 17th. UBS Group cut their price target on shares of Netflix from $130.00 to $115.00 and set a "buy" rating on the stock in a report on Friday, July 17th. Bank of America reissued a "buy" rating and issued a $125.00 price objective on shares of Netflix in a research note on Monday, May 18th. Jefferies Financial Group decreased their price objective on Netflix from $128.00 to $110.00 and set a "buy" rating for the company in a report on Wednesday, June 10th. Finally, Pivotal Research lowered their target price on Netflix from $96.00 to $70.00 and set a "hold" rating for the company in a research report on Friday, July 17th. Four analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, seventeen have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $103.48.

Netflix Profile

Netflix, Inc NASDAQ: NFLX is a global entertainment company that provides subscription-based streaming of films, television series, documentaries and other video content. Founded in 1997 by Reed Hastings and Marc Randolph and headquartered in Los Gatos, California, the company began as a DVD-by-mail rental service and introduced streaming video in 2007. Netflix later expanded into producing and distributing original programming, beginning notable original hits in the 2010s, and now operates a content production and distribution ecosystem alongside its licensing activity.

The company's primary product is its on-demand streaming service, which can be accessed on a wide range of internet-connected devices and delivered through a suite of apps and web platforms.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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