Triglav Skladi D.O.O. Has $34 Million Position in Netflix, Inc. (NASDAQ:NFLX)

Key Points

• Triglav Skladi D.O.O. has reduced its stake in Netflix, Inc. by 1.5%, now holding 36,458 shares valued at approximately $34 million, making it the firm's 8th largest investment.
• In addition to Triglav, several large investors including Vanguard Group and Goldman Sachs have increased their positions in Netflix during the first quarter of the year.
• Analysts maintain a consensus of "Moderate Buy" for Netflix, with a current price target average of $1,297.66, reflecting optimism despite varied ratings from equities research analysts.

Triglav Skladi D.O.O. trimmed its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 1.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 36,458 shares of the Internet television network's stock after selling 572 shares during the period. Netflix accounts for 2.9% of Triglav Skladi D.O.O.'s investment portfolio, making the stock its 8th biggest position. Triglav Skladi D.O.O.'s holdings in Netflix were worth $33,997,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Netflix by 1.4% in the first quarter. Vanguard Group Inc. now owns 37,997,260 shares of the Internet television network's stock valued at $35,433,585,000 after acquiring an additional 509,255 shares during the period. GAMMA Investing LLC increased its position in shares of Netflix by 109,524.3% in 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. Invesco Ltd. increased its position in shares of Netflix by 8.3% in the first quarter. Invesco Ltd. now owns 4,664,818 shares of the Internet television network's stock valued at $4,350,083,000 after acquiring an additional 356,617 shares during the period. Northern Trust Corp increased its position in shares of Netflix by 14.3% in the fourth quarter. Northern Trust Corp now owns 4,574,006 shares of the Internet television network's stock valued at $4,076,903,000 after acquiring an additional 570,674 shares during the period. Finally, Goldman Sachs Group Inc. increased its position in shares of Netflix by 57.3% in the first 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 acquiring an additional 1,236,251 shares during the period. 80.93% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on NFLX shares. Guggenheim restated a "buy" rating and issued a $1,150.00 price objective (up previously from $1,100.00) on shares of Netflix in a report on Friday, April 18th. KeyCorp upped their target price on shares of Netflix from $1,070.00 to $1,390.00 and gave the stock an "overweight" rating in a research note on Thursday, July 10th. Sanford C. Bernstein upped their target price 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. Canaccord Genuity Group reiterated a "buy" rating on shares of Netflix in a research note on Thursday, July 10th. Finally, Oppenheimer upped their target price on shares of Netflix from $1,200.00 to $1,425.00 and gave the stock an "outperform" rating in a research note on Thursday, June 12th. Three equities 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. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,297.66.

Netflix Stock Performance

Shares of NASDAQ:NFLX opened at $1,225.28 on Wednesday. The company has a market capitalization of $520.66 billion, a price-to-earnings ratio of 52.21, a price-to-earnings-growth ratio of 2.05 and a beta of 1.59. Netflix, Inc. has a 52 week low of $635.50 and a 52 week 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 has a 50 day moving average of $1,232.39 and a 200 day moving average of $1,097.79.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, topping the consensus estimate of $7.07 by $0.12. The firm had revenue of $11.08 billion during the quarter, compared to analyst estimates of $11.04 billion. Netflix had a net margin of 24.58% and a return on equity of 42.50%. Netflix's revenue was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.88 EPS. On average, sell-side analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Reed Hastings sold 26,933 shares of the business's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $1,211.66, for a total transaction of $32,633,638.78. Following the completion of the transaction, the director owned 394 shares in the company, valued at $477,394.04. The trade was a 98.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Gregory K. Peters sold 2,026 shares of the business's stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $1,157.44, for a total transaction of $2,344,973.44. Following the transaction, the chief executive officer owned 12,781 shares of the company's stock, valued at approximately $14,793,240.64. This trade represents a 13.68% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 146,307 shares of company stock worth $179,443,809. Insiders own 1.37% of the company's stock.

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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