Strategy Asset Managers LLC Acquires 780 Shares of Netflix, Inc. (NASDAQ:NFLX)

Key Points

• Strategy Asset Managers LLC increased its holdings in Netflix, Inc. by 146.3%, now owning 1,313 shares valued at approximately $1.22 million.
• Several institutional investors have also raised their stakes in Netflix, indicating strong investor interest, with hedge funds and institutional investors owning 80.93% of the company’s stock.
• Despite a 2.0% decline in stock price, Netflix recently reported earnings exceeding analyst expectations, with revenue increasing by 15.9% year-over-year.

Strategy Asset Managers LLC lifted its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 146.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,313 shares of the Internet television network's stock after purchasing an additional 780 shares during the quarter. Strategy Asset Managers LLC's holdings in Netflix were worth $1,224,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of NFLX. Vanguard Group Inc. boosted its stake in Netflix by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 37,997,260 shares of the Internet television network's stock valued at $35,433,585,000 after buying an additional 509,255 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Netflix by 109,524.3% during the first quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network's stock valued at $8,239,576,000 after acquiring an additional 8,827,662 shares during the period. Northern Trust Corp boosted its stake in shares of Netflix by 14.3% in the 4th quarter. Northern Trust Corp now owns 4,574,006 shares of the Internet television network's stock valued at $4,076,903,000 after purchasing an additional 570,674 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Netflix by 57.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,393,064 shares of the Internet television network's stock valued at $3,164,134,000 after purchasing an additional 1,236,251 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its holdings in shares of Netflix by 42.0% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,387,159 shares of the Internet television network's stock worth $1,293,567,000 after purchasing an additional 410,235 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CFO Spencer Adam Neumann sold 685 shares of the company's stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $1,161.21, for a total value of $795,428.85. Following the completion of the transaction, the chief financial officer directly owned 3,691 shares of the company's stock, valued at approximately $4,286,026.11. This represents a 15.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Gregory K. Peters sold 2,026 shares of the company's stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $1,157.44, for a total value of $2,344,973.44. Following the transaction, the chief executive officer directly owned 12,781 shares of the company's stock, valued at $14,793,240.64. This represents a 13.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 151,584 shares of company stock worth $185,411,484. Corporate insiders own 1.37% of the company's stock.

Netflix Trading Up 0.2%

Shares of NASDAQ NFLX traded up $1.89 during midday trading on Thursday, reaching $1,180.37. 2,625,184 shares of the stock were exchanged, compared to its average volume of 4,041,499. 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, Inc. has a 12 month low of $616.02 and a 12 month high of $1,341.15. The business has a 50-day simple moving average of $1,232.06 and a two-hundred day simple moving average of $1,091.12. The company has a market capitalization of $501.57 billion, a price-to-earnings ratio of 50.29, a P/E/G ratio of 1.98 and a beta of 1.59.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its earnings results 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 analysts' expectations of $11.04 billion. Netflix had a return on equity of 42.50% and a net margin of 24.58%. The company's revenue was up 15.9% on a year-over-year basis. During the same period in the previous year, the firm earned $4.88 earnings per share. As a group, equities research analysts expect that Netflix, Inc. will post 24.58 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Loop Capital reissued a "hold" rating on shares of Netflix in a report on Tuesday, July 15th. Wedbush reiterated an "outperform" rating and issued a $1,500.00 target price (up previously from $1,400.00) on shares of Netflix in a research note on Monday, July 14th. Evercore ISI restated an "outperform" rating on shares of Netflix in a research report on Thursday, May 15th. Wall Street Zen raised Netflix from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Finally, TD Cowen boosted their price objective on Netflix from $1,440.00 to $1,450.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $1,297.66.

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.