S Bank Fund Management Ltd Invests $7.81 Million in Netflix, Inc. (NASDAQ:NFLX)

Key Points

• S Bank Fund Management Ltd has made a new investment in Netflix, acquiring 8,378 shares valued at approximately $7.81 million, which represents about 1.5% of its investment portfolio.
• Several institutional investors have also increased their stakes in Netflix, contributing to 80.93% of the company's total stock ownership.
• Netflix reported a 24.58% net margin and a 15.9% year-over-year revenue increase, with an EPS of $7.19, surpassing analyst expectations.

S Bank Fund Management Ltd bought a new position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor bought 8,378 shares of the Internet television network's stock, valued at approximately $7,813,000. Netflix accounts for approximately 1.5% of S Bank Fund Management Ltd's holdings, making the stock its 14th biggest position.

Other hedge funds have also recently added to or reduced their stakes in the company. Halbert Hargrove Global Advisors LLC boosted its holdings in Netflix by 100.0% during the 1st 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 Netflix during the fourth quarter worth approximately $27,000. Transce3nd LLC purchased a new stake in Netflix during the fourth quarter worth approximately $32,000. Copia Wealth Management purchased a new stake in Netflix during the fourth quarter worth approximately $37,000. Finally, Stuart Chaussee & Associates Inc. increased 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 worth $41,000 after buying an additional 45 shares during the period. 80.93% of the stock is owned by institutional investors and hedge funds.

Netflix Price Performance

Shares of NFLX stock traded up $26.12 during trading on Thursday, hitting $1,230.56. The company had a trading volume of 3,901,060 shares, compared to its average volume of 4,191,314. 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 firm has a market capitalization of $522.90 billion, a P/E ratio of 52.43, a price-to-earnings-growth ratio of 2.06 and a beta of 1.59. The stock's 50-day moving average price is $1,231.68 and its 200 day moving average price is $1,098.52. Netflix, Inc. has a one year low of $659.80 and a one year high of $1,341.15.

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

Insider Activity

In other Netflix news, CFO Spencer Adam Neumann sold 685 shares of the company's stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $1,161.21, for a total transaction of $795,428.85. Following the completion of the sale, the chief financial officer directly owned 3,691 shares in the company, valued at $4,286,026.11. This represents a 15.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David A. Hyman sold 424 shares of the company's stock in a transaction on 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 sale, the insider owned 31,610 shares of the company's stock, valued at $36,625,558.70. The trade was a 1.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 146,307 shares of company stock valued at $179,443,809. Corporate insiders own 1.37% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Wedbush reaffirmed an "outperform" rating and set a $1,500.00 price target (up previously from $1,400.00) on shares of Netflix in a research report on Monday, July 14th. Macquarie upped their price objective on Netflix from $1,150.00 to $1,200.00 and gave the stock an "outperform" rating in a report on Monday, April 21st. Sanford C. Bernstein upped their target price on Netflix from $1,200.00 to $1,390.00 and gave the company an "outperform" rating in a report on Thursday, July 17th. Guggenheim reissued a "buy" rating and issued a $1,150.00 target price (up previously from $1,100.00) on shares of Netflix in a report on Friday, April 18th. Finally, Barclays restated a "sell" rating and issued a $1,100.00 price objective (up from $1,000.00) on shares of Netflix in a research report on Wednesday, July 9th. Three equities research 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 assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $1,297.66.

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.