Netflix, Inc. $NFLX Shares Purchased by Mufg Securities Americas Inc.

Mufg Securities Americas Inc. raised its position in Netflix, Inc. (NASDAQ:NFLX) by 8.6% in the second quarter, Holdings Channel reports. The fund owned 126,824 shares of the Internet television network’s stock after buying an additional 10,019 shares during the period. Mufg Securities Americas Inc.’s holdings in Netflix were worth $9,055,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NFLX. Investors Asset Management of Georgia Inc. GA ADV increased its position in shares of Netflix by 1.5% in the 2nd quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 16,525 shares of the Internet television network’s stock valued at $1,180,000 after purchasing an additional 250 shares during the last quarter. Ferguson Wellman Capital Management Inc. lifted its position in shares of Netflix by 25.4% during the 2nd quarter. Ferguson Wellman Capital Management Inc. now owns 10,352 shares of the Internet television network’s stock worth $739,000 after purchasing an additional 2,098 shares during the last quarter. Nissay Asset Management Corp Japan lifted its position in shares of Netflix by 5.4% during the 2nd quarter. Nissay Asset Management Corp Japan now owns 1,268,753 shares of the Internet television network’s stock worth $90,589,000 after purchasing an additional 64,808 shares during the last quarter. Braun Stacey Associates Inc. grew its stake in shares of Netflix by 9.5% during the second quarter. Braun Stacey Associates Inc. now owns 262,861 shares of the Internet television network’s stock worth $18,768,000 after purchasing an additional 22,760 shares in the last quarter. Finally, Campbell Newman Asset Management Inc. purchased a new position in Netflix in the second quarter valued at $568,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Key Stories Impacting Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Bill Ackman’s Pershing Square reportedly added approximately 13.1 million Netflix shares, making NFLX one of the hedge fund’s new concentrated holdings. The move may bolster investor confidence in Netflix’s valuation and long-term earnings potential. Bill Ackman portfolio overhaul article
• Positive Sentiment: Analysts and market commentators point to Netflix’s rapidly expanding advertising business, a potential $3 billion advertising revenue opportunity, continued global expansion and margin growth as catalysts for a possible recovery toward $100 and beyond. Record share buybacks could further support earnings per share. Netflix stock price prediction article
• Positive Sentiment: Netflix is being described as an undervalued long-term holding, with bullish arguments centered on double-digit revenue growth, free-cash-flow generation and the ability to monetize live events and lower-priced ad-supported plans. Netflix five-year outlook article
• Neutral Sentiment: The Netflix preview of Grand Theft Auto VI attracted significant online attention and traffic, but the immediate stock-market beneficiary appears to be Take-Two Interactive, the game’s publisher, rather than Netflix. GTA 6 Netflix preview article
• Negative Sentiment: Some analysts argue that Netflix’s growth is moderating and that Alphabet offers stronger diversification, advertising exposure and valuation. Recent commentary also identifies resistance near $82 and muted enthusiasm following the latest earnings report. NFLX versus GOOGL article
• Negative Sentiment: Reported insider activity remains a potential overhang: executives and directors made numerous sales and no purchases over the past six months. Investors may interpret the selling as reduced insider conviction, although it may also reflect routine diversification. Netflix ad monetization and market resistance article

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Phillip Securities upgraded Netflix from a “moderate buy” rating to a “strong-buy” rating in a research note on Sunday, July 19th. KGI Securities downgraded Netflix from an “outperform” rating to a “neutral” rating and set a $75.00 price objective on the stock. in a report on Friday, July 17th. Piper Sandler reissued an “overweight” rating and set a $85.00 target price (down from $115.00) on shares of Netflix in a research report on Friday, July 17th. CLSA began coverage on Netflix in a research report on Monday, July 20th. They set an “outperform” rating on the stock. Finally, JPMorgan Chase & Co. decreased their target price on Netflix from $118.00 to $85.00 and set an “overweight” rating for the company in a research note on Friday, July 17th. Four analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, seventeen have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Netflix currently has a consensus rating of “Moderate Buy” and a consensus target price of $103.19.

Netflix Trading Up 2.4%

NFLX opened at $81.72 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.39. Netflix, Inc. has a 52 week low of $65.08 and a 52 week high of $126.71. The business’s 50 day moving average is $74.65 and its two-hundred day moving average is $84.33. The firm has a market cap of $340.28 billion, a price-to-earnings ratio of 25.72, a price-to-earnings-growth ratio of 1.00 and a beta of 1.52.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, July 16th. The Internet television network reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.01. The business had revenue of $12.56 billion during the quarter, compared to the consensus estimate of $12.58 billion. Netflix had a return on equity of 40.02% and a net margin of 28.22%.The company’s revenue was up 13.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.72 earnings per share. On average, research analysts predict that Netflix, Inc. will post 3.59 EPS for the current year.

Insider Activity

In other news, CEO Theodore A. Sarandos sold 105,850 shares of the stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $73.03, for a total value of $7,730,225.50. Following the completion of the transaction, the chief executive officer owned 206,266 shares in the company, valued at $15,063,605.98. This trade represents a 33.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Gregory K. Peters sold 27,312 shares of Netflix stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $73.54, for a total transaction of $2,008,524.48. Following the sale, the chief executive officer owned 120,931 shares of the company’s stock, valued at approximately $8,893,265.74. The trade was a 18.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 600,295 shares of company stock valued at $49,056,671. Insiders own 1.24% of the company’s stock.

About Netflix

Netflix, Inc (NASDAQ: NFLX) is a global entertainment company that provides subscription-based streaming of films, television series, documentaries and other video content. Founded in 1997 by Reed Hastings and Marc Randolph and headquartered in Los Gatos, California, the company began as a DVD-by-mail rental service and introduced streaming video in 2007. Netflix later expanded into producing and distributing original programming, beginning notable original hits in the 2010s, and now operates a content production and distribution ecosystem alongside its licensing activity.

The company’s primary product is its on-demand streaming service, which can be accessed on a wide range of internet-connected devices and delivered through a suite of apps and web platforms.