TradeLink Capital LLC Makes New $839,000 Investment in Netflix, Inc. (NASDAQ:NFLX)

Key Points

• TradeLink Capital LLC acquired 900 shares of Netflix, Inc. valued at approximately $839,000, making it the firm's 5th largest holding at 5.2% of their portfolio.
• Recent insider activity includes CFO Spencer Adam Neumann selling 2,601 shares for over $3.4 million, reducing his ownership by 41.34%.
• Netflix reported quarterly earnings of $7.19 per share, surpassing expectations, with a revenue increase of 15.9% year-over-year, totaling $11.08 billion.

TradeLink Capital LLC acquired a new position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 900 shares of the Internet television network's stock, valued at approximately $839,000. Netflix makes up approximately 5.2% of TradeLink Capital LLC's investment portfolio, making the stock its 5th biggest position.

Several other institutional investors have also modified their holdings of NFLX. Fullcircle Wealth LLC boosted its holdings in shares of Netflix by 2.5% in the first quarter. Fullcircle Wealth LLC now owns 369 shares of the Internet television network's stock valued at $344,000 after acquiring an additional 9 shares during the period. Mission Creek Capital Partners Inc. increased its holdings in shares of Netflix by 0.3% in the 4th quarter. Mission Creek Capital Partners Inc. now owns 3,826 shares of the Internet television network's stock valued at $3,410,000 after acquiring an additional 10 shares during the period. Continuum Wealth Advisors LLC raised its position in Netflix by 4.4% in the 1st quarter. Continuum Wealth Advisors LLC now owns 235 shares of the Internet television network's stock valued at $219,000 after purchasing an additional 10 shares during the last quarter. Financial Enhancement Group LLC boosted its stake in Netflix by 2.5% during the 1st quarter. Financial Enhancement Group LLC now owns 412 shares of the Internet television network's stock worth $384,000 after purchasing an additional 10 shares during the period. Finally, Saxony Capital Management LLC boosted its stake in Netflix by 1.4% during the 1st quarter. Saxony Capital Management LLC now owns 707 shares of the Internet television network's stock worth $659,000 after purchasing an additional 10 shares during the period. Hedge funds and other institutional investors own 80.93% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have commented on NFLX shares. BMO Capital Markets restated an "outperform" rating and issued a $1,425.00 price objective (up from $1,200.00) on shares of Netflix in a research note on Tuesday, July 15th. Barclays reissued a "sell" rating and set a $1,100.00 price target (up previously from $1,000.00) on shares of Netflix in a report on Wednesday, July 9th. Morgan Stanley reaffirmed an "equal weight" rating on shares of Netflix in a research note on Monday, July 21st. Macquarie lifted their target price on Netflix from $1,150.00 to $1,200.00 and gave the company an "outperform" rating in a research note on Monday, April 21st. Finally, Benchmark reissued a "hold" rating on shares of Netflix in a report on Monday, April 21st. Three research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-three 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 presently has an average rating of "Moderate Buy" and a consensus price target of $1,297.66.

Insider Activity

In other news, Director Reed Hastings sold 9,673 shares of the business's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $1,329.11, for a total value of $12,856,481.03. Following the completion of the transaction, the director directly owned 394 shares of the company's stock, valued at $523,669.34. The trade was a 96.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Jeffrey William Karbowski sold 620 shares of the company's stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $1,286.84, for a total value of $797,840.80. The disclosure for this sale can be found here. Insiders have sold 123,830 shares of company stock worth $153,102,930 in the last quarter. 1.37% of the stock is currently owned by corporate insiders.

Netflix Price Performance

NASDAQ NFLX traded down $0.80 during trading hours on Friday, reaching $1,158.60. The company's stock had a trading volume of 3,886,745 shares, compared to its average volume of 3,831,108. 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 company's 50-day moving average is $1,234.32 and its two-hundred day moving average is $1,082.35. Netflix, Inc. has a fifty-two week low of $587.04 and a fifty-two week high of $1,341.15. The stock has a market cap of $492.32 billion, a PE ratio of 49.37, a PEG ratio of 1.95 and a beta of 1.59.

Netflix (NASDAQ:NFLX - Get Free Report) last announced 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. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The company had revenue of $11.08 billion for the quarter, compared to the consensus estimate of $11.04 billion. During the same quarter in the prior year, the firm earned $4.88 earnings per share. The company's revenue for the quarter was up 15.9% compared to the same quarter last year. Analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.

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.