Versor Investments LP Acquires 894 Shares of Netflix, Inc. (NASDAQ:NFLX)

Key Points

• Versor Investments LP increased its holdings in Netflix by 53.3%, acquiring an additional 894 shares and bringing its total ownership to 2,570 shares worth approximately $2.4 million.
• Several institutional investors, including GAMMA Investing LLC and Goldman Sachs Group Inc., have significantly boosted their stakes in Netflix during the 1st quarter, indicating strong institutional interest in the stock.
• Netflix's earnings report showed earnings per share of $7.19, exceeding analyst estimates, with revenue growth of 15.9% year-over-year, showcasing its financial strength in a competitive market.

Versor Investments LP boosted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 53.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,570 shares of the Internet television network's stock after acquiring an additional 894 shares during the period. Versor Investments LP's holdings in Netflix were worth $2,397,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. GAMMA Investing LLC grew its position in shares of 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 during the last quarter. Nuveen LLC purchased a new position in shares of Netflix in the 1st quarter worth approximately $2,385,585,000. Goldman Sachs Group Inc. grew its position in shares of Netflix by 57.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,393,064 shares of the Internet television network's stock worth $3,164,134,000 after buying an additional 1,236,251 shares during the last quarter. Northern Trust Corp grew its position in shares of Netflix by 14.3% in the 4th quarter. Northern Trust Corp now owns 4,574,006 shares of the Internet television network's stock worth $4,076,903,000 after buying an additional 570,674 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in shares of Netflix by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 37,997,260 shares of the Internet television network's stock worth $35,433,585,000 after buying an additional 509,255 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on NFLX. Wall Street Zen downgraded shares of Netflix from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Sanford C. Bernstein lifted 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. Bank of America lifted their target price on shares of Netflix from $1,175.00 to $1,490.00 and gave the stock a "buy" rating in a research note on Friday, May 30th. Needham & Company LLC reiterated a "buy" rating and issued a $1,500.00 target price on shares of Netflix in a research note on Friday, July 18th. Finally, Phillip Securities cut shares of Netflix from a "hold" rating to a "strong sell" rating in a research note on Monday, July 21st. Three analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $1,297.66.

Insider Activity at Netflix

In other Netflix news, CEO Gregory K. Peters sold 2,026 shares of the stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $1,157.44, for a total value of $2,344,973.44. Following the transaction, the chief executive officer directly owned 12,781 shares in the company, valued at $14,793,240.64. This represents a 13.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jay C. Hoag sold 31,750 shares of the stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $1,252.35, for a total value of $39,762,112.50. Following the completion of the sale, the director directly owned 63,040 shares of the company's stock, valued at $78,948,144. The trade was a 33.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 146,307 shares of company stock valued at $179,443,809. Company insiders own 1.37% of the company's stock.

Netflix Stock Up 0.7%

NFLX stock opened at $1,238.95 on Friday. The company's 50 day moving average price is $1,231.23 and its 200 day moving average price is $1,103.00. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34. Netflix, Inc. has a fifty-two week low of $660.80 and a fifty-two week high of $1,341.15. The firm has a market capitalization of $526.47 billion, a price-to-earnings ratio of 52.79, a PEG ratio of 2.09 and a beta of 1.59.

Netflix (NASDAQ:NFLX - Get Free Report) last released its earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, topping analysts' consensus estimates of $7.07 by $0.12. The firm had revenue of $11.08 billion for 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%. The business's quarterly revenue was up 15.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.88 earnings per share. On average, equities research analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

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.

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