Rathbones Group PLC Grows Holdings in Netflix, Inc. (NASDAQ:NFLX)

Key Points

• Rathbones Group PLC increased its Netflix holdings by 3.0%, acquiring 1,606 shares to reach a total of 55,900 shares valued at $52.1 million.
• Major institutional investors, such as GAMMA Investing LLC and Goldman Sachs Group Inc., significantly boosted their positions in Netflix, reflecting strong institutional interest in the company.
• Netflix's latest earnings report showed an EPS of $7.19 and revenue of $11.08 billion, with year-over-year revenue growth of 15.9%.

Rathbones Group PLC boosted its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 3.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 55,900 shares of the Internet television network's stock after acquiring an additional 1,606 shares during the quarter. Rathbones Group PLC's holdings in Netflix were worth $52,128,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Halbert Hargrove Global Advisors LLC lifted its holdings 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 valued at $25,000 after acquiring an additional 13 shares during the period. Brown Shipley& Co Ltd purchased a new stake in shares of Netflix during the 4th quarter worth about $27,000. Transce3nd LLC purchased a new position in Netflix in the 4th quarter worth approximately $32,000. Copia Wealth Management purchased a new position in shares of Netflix during the 4th quarter valued at approximately $37,000. Finally, Stuart Chaussee & Associates Inc. raised its position in shares of Netflix by 4,500.0% during the 4th quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock valued at $41,000 after acquiring an additional 45 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company's stock.

Insider Activity

In other news, insider David A. Hyman sold 424 shares of the stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $1,158.67, for a total transaction of $491,276.08. Following the transaction, the insider directly owned 31,610 shares in the company, valued at approximately $36,625,558.70. This trade represents a 1.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Theodore A. Sarandos sold 2,026 shares of the stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $1,160.62, for a total transaction of $2,351,416.12. Following the sale, the chief executive officer directly owned 15,168 shares of the company's stock, valued at $17,604,284.16. The trade was a 11.78% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 146,307 shares of company stock worth $179,443,809. 1.37% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on NFLX shares. Piper Sandler raised their target price on Netflix from $1,400.00 to $1,500.00 and gave the company an "overweight" rating in a research note on Friday, July 18th. JPMorgan Chase & Co. raised their target price on Netflix from $1,230.00 to $1,300.00 and gave the company a "neutral" rating in a report on Friday, July 18th. TD Cowen raised their target price on Netflix from $1,440.00 to $1,450.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Canaccord Genuity Group restated a "buy" rating on shares of Netflix in a research report on Thursday, July 10th. Finally, Wall Street Zen cut Netflix from a "buy" rating to a "hold" rating in a research note on Saturday. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Netflix currently has an average rating of "Moderate Buy" and an average target price of $1,297.66.

Netflix Stock Down 1.7%

NFLX traded down $20.84 on Wednesday, hitting $1,204.44. The company had a trading volume of 2,758,820 shares, compared to its average volume of 3,911,842. The stock has a fifty day simple moving average of $1,231.68 and a 200-day simple moving average of $1,098.52. Netflix, Inc. has a 52-week low of $648.70 and a 52-week high of $1,341.15. The firm has a market capitalization of $511.80 billion, a P/E ratio of 51.32, a P/E/G ratio of 2.06 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.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $7.07 by $0.12. The firm had revenue of $11.08 billion during the quarter, compared to the consensus estimate of $11.04 billion. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The company's revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.88 EPS. As a group, equities analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

About Netflix

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.