Savvy Advisors Inc. Has $1.45 Million Position in Netflix, Inc. (NASDAQ:NFLX)

Key Points

• Savvy Advisors Inc. increased its stake in Netflix, Inc. by 40.7%, owning 1,550 shares worth approximately $1.45 million after acquiring an additional 448 shares in the first quarter.
• Insiders sold a total of 150,226 shares of Netflix stock, amounting to nearly $183.8 million in the last quarter, while institutional investors collectively own 80.93% of the company.
• Netflix reported $7.19 EPS for the quarter, exceeding expectations, with revenues of $11.08 billion, reflecting a 15.9% year-over-year increase.

Savvy Advisors Inc. boosted its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 40.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,550 shares of the Internet television network's stock after purchasing an additional 448 shares during the quarter. Savvy Advisors Inc.'s holdings in Netflix were worth $1,445,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of NFLX. Halbert Hargrove Global Advisors LLC boosted its holdings in Netflix by 100.0% during the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock worth $25,000 after purchasing an additional 13 shares during the last quarter. Brown Shipley& Co Ltd acquired a new position in Netflix during the fourth quarter worth $27,000. Transce3nd LLC acquired a new position in Netflix during the fourth quarter worth $32,000. Copia Wealth Management acquired a new position in Netflix during the fourth quarter worth $37,000. Finally, Stuart Chaussee & Associates Inc. boosted its holdings 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 purchasing an additional 45 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company's stock.

Insider Buying and Selling

In other news, insider David A. Hyman sold 424 shares of the firm's 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 value of $491,276.08. Following the sale, 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Cletus R. Willems sold 238 shares of the firm's stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $1,153.52, for a total transaction of $274,537.76. The disclosure for this sale can be found here. Insiders sold a total of 150,226 shares of company stock worth $183,849,784 in the last quarter. Corporate insiders own 1.37% of the company's stock.

Netflix Price Performance

NFLX stock opened at $1,211.64 on Friday. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58. Netflix, Inc. has a 12 month low of $622.99 and a 12 month high of $1,341.15. The firm has a market cap of $514.86 billion, a P/E ratio of 51.63, a P/E/G ratio of 1.99 and a beta of 1.59. The company's 50-day moving average price is $1,232.25 and its two-hundred day moving average price is $1,093.48.

Netflix (NASDAQ:NFLX - Get Free Report) last released its earnings results on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, beating 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 firm had revenue of $11.08 billion for the quarter, compared to analyst estimates of $11.04 billion. During the same period last year, the firm earned $4.88 EPS. The business's quarterly revenue was up 15.9% compared to the same quarter last year. On average, analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on NFLX. JPMorgan Chase & Co. lifted their price objective on shares of Netflix from $1,230.00 to $1,300.00 and gave the company a "neutral" rating in a research report on Friday, July 18th. Pivotal Research reissued a "buy" rating on shares of Netflix in a research report on Thursday, July 10th. Benchmark restated a "hold" rating on shares of Netflix in a research note on Monday, April 21st. Oppenheimer lifted their target price on Netflix from $1,200.00 to $1,425.00 and gave the stock an "outperform" rating in a research note on Thursday, June 12th. Finally, Jefferies Financial Group set a $1,500.00 target price on Netflix and gave the stock a "buy" rating in a report on Friday, July 18th. 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's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $1,297.66.

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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