Valued Retirements Inc. Invests $447,000 in Netflix, Inc. (NASDAQ:NFLX)

Key Points

• Valued Retirements Inc. acquired a new stake in Netflix, purchasing 479 shares valued at approximately $447,000 in the first quarter.
• Institutional investors collectively own 80.93% of Netflix's stock, with notable increases in holdings, including GAMMA Investing's 109,524.3% growth during the first quarter.
• Netflix reported a quarterly earnings per share of $7.19, exceeding estimates, with a revenue of $11.08 billion, reflecting a year-over-year growth of 15.9%.

Valued Retirements Inc. acquired a new position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 479 shares of the Internet television network's stock, valued at approximately $447,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. FMR LLC raised its stake in shares of Netflix by 1.8% in the 4th quarter. FMR LLC now owns 20,887,090 shares of the Internet television network's stock valued at $18,617,081,000 after purchasing an additional 375,234 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Netflix by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 9,323,952 shares of the Internet television network's stock valued at $8,287,823,000 after acquiring an additional 175,596 shares in the last quarter. GAMMA Investing LLC lifted its position in Netflix by 109,524.3% in the 1st quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network's stock worth $8,239,576,000 after buying an additional 8,827,662 shares in the last quarter. Alliancebernstein L.P. increased its stake in shares of Netflix by 1.6% during the 4th quarter. Alliancebernstein L.P. now owns 5,141,328 shares of the Internet television network's stock worth $4,582,568,000 after purchasing an additional 82,564 shares during the last quarter. Finally, Northern Trust Corp grew its stake in 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 buying an additional 570,674 shares during the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NFLX has been the subject of several analyst reports. Seaport Res Ptn cut shares of Netflix from a "strong-buy" rating to a "hold" rating in a research report on Sunday, July 6th. Macquarie raised their price target on shares of Netflix from $1,150.00 to $1,200.00 and gave the stock an "outperform" rating in a research report on Monday, April 21st. Loop Capital restated a "hold" rating on shares of Netflix in a research note on Tuesday, July 15th. Wells Fargo & Company lifted their target price on shares of Netflix from $1,500.00 to $1,560.00 and gave the stock an "overweight" rating in a research report on Friday, July 18th. Finally, Wedbush reiterated an "outperform" rating and issued a $1,500.00 price objective (up previously from $1,400.00) on shares of Netflix in a research note on Monday, July 14th. Three equities 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 stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $1,297.66.

Netflix Price Performance

Netflix stock traded up $4.05 during midday trading on Wednesday, reaching $1,172.79. The company's stock had a trading volume of 1,215,220 shares, compared to its average volume of 4,265,443. Netflix, Inc. has a fifty-two week low of $587.04 and a fifty-two week high of $1,341.15. 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 stock's 50 day simple moving average is $1,235.63 and its 200 day simple moving average is $1,077.14. The firm has a market capitalization of $498.35 billion, a PE ratio of 50.04, a P/E/G ratio of 1.98 and a beta of 1.59.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, beating the consensus estimate of $7.07 by $0.12. The company 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 firm's revenue was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.88 EPS. On average, equities research analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Reed Hastings sold 26,977 shares of the firm's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $1,133.05, for a total transaction of $30,566,289.85. Following the completion of the sale, the director directly owned 394 shares of the company's stock, valued at $446,421.70. This trade represents a 98.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Bradford L. Smith sold 3,919 shares of the company's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $1,124.26, for a total value of $4,405,974.94. Following the sale, the director directly owned 7,969 shares of the company's stock, valued at $8,959,227.94. The trade was a 32.97% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 153,408 shares of company stock valued at $186,614,540 in the last 90 days. Corporate insiders own 1.37% of the company's stock.

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.