Netflix, Inc. (NASDAQ:NFLX) Shares Acquired by First Affirmative Financial Network

by · The Cerbat Gem

First Affirmative Financial Network raised its stake in shares of Netflix, Inc. (NASDAQ:NFLX – Free Report) by 16.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,297 shares of the Internet television network’s stock after buying an additional 182 shares during the period. First Affirmative Financial Network’s holdings in Netflix were worth $920,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NFLX. DigitalBridge Group Inc. boosted its stake in Netflix by 35.5% during the second quarter. DigitalBridge Group Inc. now owns 36,063 shares of the Internet television network’s stock valued at $24,338,000 after buying an additional 9,451 shares in the last quarter. M&G Plc bought a new position in shares of Netflix in the first quarter valued at $9,682,000. BSN CAPITAL PARTNERS Ltd lifted its position in shares of Netflix by 24.4% during the 1st quarter. BSN CAPITAL PARTNERS Ltd now owns 250,000 shares of the Internet television network’s stock valued at $155,185,000 after acquiring an additional 49,000 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in shares of Netflix by 58.2% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 82,931 shares of the Internet television network’s stock worth $55,968,000 after acquiring an additional 30,511 shares in the last quarter. Finally, Scarborough Advisors LLC acquired a new position in shares of Netflix in the 4th quarter worth $9,513,000. 80.93% of the stock is currently owned by institutional investors.

Netflix Price Performance

Shares of Netflix stock opened at $722.79 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.55. The firm has a fifty day simple moving average of $686.60 and a 200-day simple moving average of $651.18. The stock has a market capitalization of $311.52 billion, a price-to-earnings ratio of 50.16, a PEG ratio of 1.49 and a beta of 1.26. Netflix, Inc. has a 1-year low of $344.73 and a 1-year high of $736.00.

Netflix (NASDAQ:NFLX – Get Free Report) last released its earnings results on Thursday, July 18th. The Internet television network reported $4.88 earnings per share for the quarter, topping analysts’ consensus estimates of $4.74 by $0.14. The firm had revenue of $9.56 billion during the quarter, compared to analyst estimates of $9.53 billion. Netflix had a net margin of 19.54% and a return on equity of 32.93%. The business’s revenue was up 16.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.29 EPS. On average, sell-side analysts expect that Netflix, Inc. will post 19.08 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on NFLX shares. Bank of America increased their price target on Netflix from $700.00 to $740.00 and gave the company a “buy” rating in a research report on Monday, July 15th. UBS Group raised their target price on shares of Netflix from $685.00 to $750.00 and gave the stock a “buy” rating in a report on Friday, July 19th. StockNews.com upgraded shares of Netflix from a “hold” rating to a “buy” rating in a report on Tuesday, September 24th. Oppenheimer raised their price objective on shares of Netflix from $725.00 to $775.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Needham & Company LLC reissued a “buy” rating and set a $700.00 target price on shares of Netflix in a research note on Friday, July 19th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-five have issued a buy rating to the company. According to data from MarketBeat, Netflix currently has a consensus rating of “Moderate Buy” and a consensus price target of $702.79.

Read Our Latest Report on NFLX

Insider Activity at Netflix

In other news, Chairman Reed Hastings sold 25,599 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $631.43, for a total value of $16,163,976.57. Following the completion of the sale, the chairman now directly owns 57 shares of the company’s stock, valued at approximately $35,991.51. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Chairman Reed Hastings sold 25,599 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $631.43, for a total transaction of $16,163,976.57. Following the completion of the transaction, the chairman now owns 57 shares of the company’s stock, valued at approximately $35,991.51. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gregory K. Peters sold 1,278 shares of the stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $614.44, for a total transaction of $785,254.32. Following the completion of the sale, the chief executive officer now owns 13,090 shares of the company’s stock, valued at approximately $8,043,019.60. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 225,167 shares of company stock worth $150,492,460 in the last 90 days. 1.76% of the stock is owned by company insiders.

Netflix Company Profile

(Free Report)

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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