Sustainable Growth Advisers LP lessened its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 5.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 222,016 shares of the Internet television network's stock after selling 12,556 shares during the period. Sustainable Growth Advisers LP owned approximately 0.05% of Netflix worth $207,037,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also modified their holdings of the business. Halbert Hargrove Global Advisors LLC increased its stake in shares of 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 buying an additional 13 shares during the period. Brown Shipley& Co Ltd purchased a new stake in shares of Netflix in the 4th quarter valued at approximately $27,000. Transce3nd LLC acquired a new stake in shares of Netflix in the 4th quarter valued at $32,000. Copia Wealth Management purchased a new stake in shares of Netflix during the 4th quarter worth $37,000. Finally, Stuart Chaussee & Associates Inc. grew its stake in shares of 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 in the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of analysts have weighed in on NFLX shares. Guggenheim restated a "buy" rating and issued a $1,150.00 price target (up from $1,100.00) on shares of Netflix in a research note on Friday, April 18th. UBS Group reaffirmed a "market underperform" rating on shares of Netflix in a research report on Saturday, July 19th. Sanford C. Bernstein increased their price target on shares of Netflix from $1,200.00 to $1,390.00 and gave the stock an "outperform" rating in a research note on Thursday, July 17th. Loop Capital reissued a "hold" rating on shares of Netflix in a report on Tuesday, July 15th. Finally, Robert W. Baird upped their price objective on Netflix from $1,300.00 to $1,500.00 and gave the company an "outperform" rating in a research note on Monday. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Netflix has a consensus rating of "Moderate Buy" and a consensus target price of $1,297.66.
Get Our Latest Stock Analysis on NFLX
Netflix Price Performance
Shares of NFLX traded up $3.98 during mid-day trading on Thursday, reaching $1,180.76. 3,837,986 shares of the company's stock were exchanged, compared to its average volume of 3,866,021. The company has a quick ratio of 1.20, a current ratio of 1.34 and a debt-to-equity ratio of 0.58. Netflix, Inc. has a 52-week low of $587.04 and a 52-week high of $1,341.15. The company has a market cap of $501.74 billion, a price-to-earnings ratio of 50.31, a PEG ratio of 1.98 and a beta of 1.59. The company has a 50-day simple moving average of $1,236.60 and a two-hundred day simple moving average of $1,067.26.
Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, topping the consensus estimate of $7.07 by $0.12. Netflix had a return on equity of 42.50% and a net margin of 24.58%. The company had revenue of $11.08 billion during the quarter, compared to the consensus estimate of $11.04 billion. During the same quarter last year, the business posted $4.88 earnings per share. Netflix's revenue was up 15.9% compared to the same quarter last year. On average, sell-side analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal year.
Insider Activity at Netflix
In other Netflix news, Director Ann Mather sold 1,090 shares of the business's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $1,250.00, for a total value of $1,362,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Strive Masiyiwa sold 290 shares of the stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $1,336.54, for a total value of $387,596.60. The disclosure for this sale can be found here. Insiders sold 186,563 shares of company stock worth $223,147,201 over the last three months. Company insiders own 1.37% of the company's stock.
About Netflix
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Free Report)
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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