Netflix, Inc. $NFLX Shares Acquired by Oarsman Capital Inc.

Oarsman Capital Inc. lifted its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 118.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,326 shares of the Internet television network’s stock after acquiring an additional 28,419 shares during the quarter. Oarsman Capital Inc.’s holdings in Netflix were worth $3,736,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. QV Investors Inc. increased its stake in shares of Netflix by 153.1% in the 2nd quarter. QV Investors Inc. now owns 230,060 shares of the Internet television network’s stock valued at $16,426,000 after purchasing an additional 139,170 shares in the last quarter. Headlands Technologies LLC acquired a new stake in Netflix in the second quarter valued at approximately $3,214,000. Sigma Planning Corp grew its holdings in Netflix by 15.5% in the second quarter. Sigma Planning Corp now owns 84,281 shares of the Internet television network’s stock valued at $6,018,000 after purchasing an additional 11,283 shares during the period. Two Sigma Securities LLC purchased a new stake in shares of Netflix in the second quarter valued at approximately $3,470,000. Finally, GTS Securities LLC increased its position in shares of Netflix by 178.2% in the second quarter. GTS Securities LLC now owns 790,640 shares of the Internet television network’s stock valued at $56,452,000 after buying an additional 506,445 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Netflix

In other Netflix news, CFO Spencer Adam Neumann sold 9,248 shares of the company’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $75.79, for a total value of $700,905.92. Following the completion of the sale, the chief financial officer directly owned 73,787 shares in the company, valued at $5,592,316.73. This represents a 11.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gregory K. Peters sold 27,312 shares of the firm’s stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $73.54, for a total value of $2,008,524.48. Following the completion of the sale, the chief executive officer directly owned 120,931 shares of the company’s stock, valued at $8,893,265.74. This trade represents a 18.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 213,595 shares of company stock valued at $15,812,072 in the last three months. Company insiders own 1.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on NFLX. JPMorgan Chase & Co. dropped their price target on shares of Netflix from $118.00 to $85.00 and set an “overweight” rating on the stock in a research note on Friday, July 17th. Stephens assumed coverage on shares of Netflix in a report on Friday, July 17th. They set an “overweight” rating on the stock. Seaport Research Partners lowered shares of Netflix from a “buy” rating to a “neutral” rating in a research report on Monday, July 20th. Wells Fargo & Company set a $80.00 target price on shares of Netflix and gave the stock an “equal weight” rating in a research note on Friday, July 17th. Finally, Moffett Nathanson reduced their price target on shares of Netflix from $120.00 to $115.00 and set a “buy” rating for the company in a research report on Wednesday, June 17th. Four analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, seventeen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Netflix currently has a consensus rating of “Moderate Buy” and an average target price of $103.19.

More Netflix News

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

Netflix Price Performance

NFLX stock opened at $81.72 on Monday. The company has a market cap of $340.28 billion, a price-to-earnings ratio of 25.72, a PEG ratio of 1.03 and a beta of 1.52. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.39. Netflix, Inc. has a 12 month low of $65.08 and a 12 month high of $126.71. The firm has a 50-day moving average of $74.65 and a two-hundred day moving average of $84.35.

Netflix (NASDAQ:NFLX) last issued its earnings results on Thursday, July 16th. The Internet television network reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.01. The business had revenue of $12.56 billion for the quarter, compared to analysts’ expectations of $12.58 billion. Netflix had a return on equity of 40.02% and a net margin of 28.22%.The business’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.72 EPS. As a group, analysts forecast that Netflix, Inc. will post 3.59 earnings per share for the current fiscal year.

Netflix Company Profile

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.