Netflix, Inc. (NASDAQ:NFLX) is Styrax Capital LP’s 7th Largest Position

Styrax Capital LP decreased its position in Netflix, Inc. (NASDAQ:NFLX) by 16.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 120,310 shares of the Internet television network’s stock after selling 24,062 shares during the quarter. Netflix makes up approximately 6.5% of Styrax Capital LP’s portfolio, making the stock its 7th largest position. Styrax Capital LP’s holdings in Netflix were worth $41,565,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Baldrige Asset Management LLC increased its stake in shares of Netflix by 156.3% during the 1st quarter. Baldrige Asset Management LLC now owns 82 shares of the Internet television network’s stock worth $28,000 after purchasing an additional 50 shares during the last quarter. Tanglewood Legacy Advisors LLC bought a new position in shares of Netflix during the 4th quarter worth $29,000. Barrett & Company Inc. bought a new position in shares of Netflix during the 1st quarter worth $29,000. Manchester Capital Management LLC grew its stake in shares of Netflix by 8,700.0% during the 1st quarter. Manchester Capital Management LLC now owns 88 shares of the Internet television network’s stock worth $30,000 after acquiring an additional 87 shares during the period. Finally, Retirement Group LLC grew its stake in shares of Netflix by 52.6% during the 1st quarter. Retirement Group LLC now owns 87 shares of the Internet television network’s stock worth $30,000 after acquiring an additional 30 shares during the period. Hedge funds and other institutional investors own 79.95% of the company’s stock.

Netflix Trading Up 0.1 %

NFLX stock traded up $0.32 during mid-day trading on Monday, reaching $443.12. The company had a trading volume of 1,486,159 shares, compared to its average volume of 6,971,633. Netflix, Inc. has a 12 month low of $211.73 and a 12 month high of $485.00. The company has a market capitalization of $196.37 billion, a PE ratio of 47.16, a price-to-earnings-growth ratio of 1.47 and a beta of 1.29. The firm has a 50 day moving average of $433.23 and a 200 day moving average of $381.15. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.33 and a quick ratio of 1.33.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Wednesday, July 19th. The Internet television network reported $3.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.85 by $0.44. Netflix had a return on equity of 19.76% and a net margin of 13.22%. The business had revenue of $8.19 billion for the quarter, compared to the consensus estimate of $8.29 billion. During the same period last year, the business posted $3.20 EPS. The business’s revenue was up 2.7% compared to the same quarter last year. On average, equities analysts predict that Netflix, Inc. will post 11.92 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

NFLX has been the topic of a number of recent research reports. Loop Capital upgraded shares of Netflix from a “hold” rating to a “buy” rating and upped their price target for the company from $425.00 to $500.00 in a research note on Friday, August 25th. Bank of America lifted their target price on Netflix from $490.00 to $525.00 and gave the company a “buy” rating in a report on Thursday, July 20th. Rosenblatt Securities increased their price target on shares of Netflix from $358.00 to $400.00 and gave the stock a “neutral” rating in a report on Thursday, July 20th. Wolfe Research boosted their price objective on shares of Netflix from $485.00 to $500.00 in a research note on Thursday, July 20th. Finally, StockNews.com began coverage on shares of Netflix in a research note on Thursday, August 17th. They issued a “hold” rating on the stock. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and twenty-four have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $432.91.

Insider Activity

In related news, Director Timothy M. Haley sold 1,022 shares of the stock in a transaction on Wednesday, July 5th. The shares were sold at an average price of $450.19, for a total transaction of $460,094.18. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Netflix news, Director Timothy M. Haley sold 1,022 shares of the stock in a transaction that occurred on Wednesday, July 5th. The stock was sold at an average price of $450.19, for a total transaction of $460,094.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jay C. Hoag sold 943 shares of the business’s stock in a transaction that occurred on Thursday, July 13th. The stock was sold at an average price of $450.00, for a total value of $424,350.00. Following the transaction, the director now owns 421,491 shares in the company, valued at $189,670,950. The disclosure for this sale can be found here. Insiders have sold a total of 124,877 shares of company stock worth $54,326,139 over the last 90 days. 2.45% of the stock is currently owned by corporate insiders.

Netflix Company Profile

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and mobile games across various genres and languages. The company provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, television set-top boxes, and mobile devices.