XTX Topco Ltd Grows Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Key Points

• XTX Topco Ltd significantly increased its stake in Netflix, Inc. by 1,066.7% in the 1st quarter, owning approximately $13.25 million worth of shares after acquiring an additional 12,993 shares.
• Other institutional investors also made substantial modifications to their Netflix holdings, with GAMMA Investing LLC raising its position by 109,524.3%, resulting in ownership of nearly $8.24 billion in shares.
• Netflix's stock price was recently down 0.5%, and the company reported $7.19 EPS for the quarter, exceeding estimates and representing a 15.9% year-over-year revenue increase.

XTX Topco Ltd lifted its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 1,066.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,211 shares of the Internet television network's stock after acquiring an additional 12,993 shares during the quarter. Netflix makes up approximately 0.7% of XTX Topco Ltd's holdings, making the stock its 3rd largest holding. XTX Topco Ltd's holdings in Netflix were worth $13,252,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. GAMMA Investing LLC lifted its holdings in Netflix by 109,524.3% during 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. Massachusetts Financial Services Co. MA lifted its stake in shares of Netflix by 318.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 976,924 shares of the Internet television network's stock valued at $870,752,000 after purchasing an additional 743,724 shares during the period. Northern Trust Corp boosted 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 purchasing an additional 570,674 shares during the last quarter. Two Sigma Advisers LP boosted its position in shares of Netflix by 935.7% in the 4th quarter. Two Sigma Advisers LP now owns 461,900 shares of the Internet television network's stock worth $411,701,000 after purchasing an additional 417,300 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Netflix in the 4th quarter worth $355,076,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on NFLX shares. Barclays restated a "sell" rating and issued a $1,100.00 price target (up from $1,000.00) on shares of Netflix in a research report on Wednesday, July 9th. Guggenheim reaffirmed a "buy" rating and set a $1,150.00 price objective (up previously from $1,100.00) on shares of Netflix in a research note on Friday, April 18th. Morgan Stanley reaffirmed an "equal weight" rating on shares of Netflix in a research note on Monday, July 21st. Citigroup reaffirmed a "neutral" rating and set a $1,250.00 price objective (up previously from $1,020.00) on shares of Netflix in a research note on Thursday, May 29th. Finally, Loop Capital reaffirmed a "hold" rating on shares of Netflix in a research note on Tuesday, July 15th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,297.66.

Insider Activity

In other Netflix news, Director Jay C. Hoag sold 31,750 shares of the business's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $1,252.35, for a total transaction of $39,762,112.50. Following the sale, the director owned 63,040 shares of the company's stock, valued at approximately $78,948,144. The trade was a 33.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Spencer Adam Neumann sold 2,601 shares of the business's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $1,211.67, for a total transaction of $3,151,553.67. Following the sale, the chief financial officer directly owned 3,691 shares in the company, valued at approximately $4,472,273.97. The trade was a 41.34% 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 three months. Company insiders own 1.37% of the company's stock.

Netflix Stock Down 0.5%

NASDAQ NFLX opened at $1,174.60 on Tuesday. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58. Netflix, Inc. has a 1-year low of $587.04 and a 1-year high of $1,341.15. The company has a 50 day moving average of $1,236.10 and a 200-day moving average of $1,076.50. The company has a market cap of $499.12 billion, a price-to-earnings ratio of 50.05, a PEG ratio of 1.99 and a beta of 1.59.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings data 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. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The business had revenue of $11.08 billion during the quarter, compared to the consensus estimate of $11.04 billion. During the same period in the previous year, the business earned $4.88 earnings per share. The company's revenue was up 15.9% on a year-over-year basis. On average, equities research analysts expect that Netflix, Inc. will post 24.58 earnings per share 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.

Want to see what other hedge funds are holding NFLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Netflix, Inc. (NASDAQ:NFLX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.