Sustainable Insight Capital Management LLC Makes New $252,000 Investment in Netflix, Inc. (NASDAQ:NFLX)

Key Points

• Sustainable Insight Capital Management LLC has acquired a new stake in Netflix, purchasing 270 shares valued at approximately $252,000 during Q1.
• Netflix's stock has received varied ratings from analysts, with a consensus rating of "Moderate Buy" and an average price target of $1,297.66.
• Insider trading activity includes significant sales by Director Reed Hastings and CFO Spencer Neumann, with a total of 146,307 shares sold in the last three months.

Sustainable Insight Capital Management LLC purchased a new stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 270 shares of the Internet television network's stock, valued at approximately $252,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Halbert Hargrove Global Advisors LLC boosted its stake in shares of Netflix by 100.0% in the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock valued at $25,000 after purchasing an additional 13 shares in the last quarter. Brown Shipley& Co Ltd acquired a new stake in shares of Netflix during the 4th quarter worth approximately $27,000. Transce3nd LLC acquired a new position in shares of Netflix in the 4th quarter valued at $32,000. Copia Wealth Management bought a new position in Netflix during the fourth quarter worth about $37,000. Finally, Stuart Chaussee & Associates Inc. boosted its stake in Netflix by 4,500.0% during the 4th quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock worth $41,000 after acquiring an additional 45 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Netflix

In other Netflix news, insider Cletus R. Willems sold 238 shares of the business's stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $1,153.52, for a total value of $274,537.76. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider David A. Hyman sold 424 shares of Netflix stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $1,158.67, for a total transaction of $491,276.08. Following the completion of the sale, the insider directly owned 31,610 shares in the company, valued at $36,625,558.70. This trade represents a 1.32% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 146,307 shares of company stock valued at $179,443,809 in the last three months. 1.37% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

NFLX has been the topic of several research analyst reports. Wolfe Research set a $1,340.00 target price on shares of Netflix and gave the stock an "outperform" rating in a report on Friday, May 16th. Moffett Nathanson reaffirmed a "buy" rating and set a $1,150.00 price target (up previously from $1,100.00) on shares of Netflix in a report on Friday, April 18th. Guggenheim restated a "buy" rating and set a $1,150.00 target price (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 report on Saturday, July 19th. Finally, TD Cowen increased their target price on shares of Netflix from $1,440.00 to $1,450.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,297.66.

Netflix Stock Up 2.2%

NASDAQ:NFLX traded up $26.12 during trading hours on Thursday, hitting $1,230.56. 3,898,560 shares of the company traded hands, compared to its average volume of 4,191,276. Netflix, Inc. has a one year low of $659.80 and a one year high of $1,341.15. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58. The firm's 50-day simple moving average is $1,231.68 and its 200-day simple moving average is $1,098.52. The company has a market cap of $522.90 billion, a PE ratio of 52.43, a PEG ratio of 2.06 and a beta of 1.59.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $11.08 billion for the quarter, compared to analysts' expectations of $11.04 billion. During the same quarter in the previous year, the firm earned $4.88 earnings per share. The business's revenue was up 15.9% on a year-over-year basis. Equities analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current 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.