Napean Trading & Investment Co Singapore PTE Ltd Grows Position in Netflix, Inc. (NASDAQ:NFLX)

Napean Trading & Investment Co Singapore PTE Ltd increased its position in Netflix, Inc. (NASDAQ:NFLX) by 6.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,811 shares of the Internet television network’s stock after purchasing an additional 1,249 shares during the period. Netflix accounts for 3.3% of Napean Trading & Investment Co Singapore PTE Ltd’s portfolio, making the stock its 12th biggest position. Napean Trading & Investment Co Singapore PTE Ltd’s holdings in Netflix were worth $14,045,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. M&G Plc bought a new position in shares of Netflix in the 1st quarter worth about $9,682,000. BSN CAPITAL PARTNERS Ltd lifted its holdings in shares of Netflix by 24.4% during the first quarter. BSN CAPITAL PARTNERS Ltd now owns 250,000 shares of the Internet television network’s stock valued at $155,185,000 after purchasing an additional 49,000 shares during the last quarter. Scarborough Advisors LLC bought a new stake in shares of Netflix in the 4th quarter worth approximately $9,513,000. Summitry LLC grew its stake in shares of Netflix by 12.2% in the 4th quarter. Summitry LLC now owns 69,543 shares of the Internet television network’s stock worth $33,859,000 after buying an additional 7,579 shares during the last quarter. Finally, Bedel Financial Consulting Inc. bought a new position in Netflix during the 4th quarter valued at approximately $224,000. Institutional investors own 80.93% of the company’s stock.

Netflix Trading Down 2.6 %

Netflix stock opened at $665.77 on Friday. Netflix, Inc. has a 12-month low of $344.73 and a 12-month high of $711.33. The firm has a market capitalization of $286.95 billion, a price-to-earnings ratio of 46.20, a P/E/G ratio of 1.44 and a beta of 1.26. The firm has a 50 day moving average of $659.89 and a 200 day moving average of $634.23. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.55.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Thursday, July 18th. The Internet television network reported $4.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.74 by $0.14. Netflix had a net margin of 19.54% and a return on equity of 32.93%. The firm had revenue of $9.56 billion during the quarter, compared to analysts’ expectations of $9.53 billion. During the same period in the prior year, the company posted $3.29 earnings per share. The company’s revenue for the quarter was up 16.8% compared to the same quarter last year. As a group, research analysts predict that Netflix, Inc. will post 19.08 earnings per share for the current year.

Insider Activity

In related news, CEO Gregory K. Peters sold 4,783 shares of Netflix stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $675.00, for a total transaction of $3,228,525.00. Following the sale, the chief executive officer now owns 13,090 shares of the company’s stock, valued at approximately $8,835,750. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Gregory K. Peters sold 4,783 shares of the firm’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $675.00, for a total transaction of $3,228,525.00. Following the completion of the transaction, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at $8,835,750. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Reed Hastings sold 22,526 shares of the business’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $670.49, for a total transaction of $15,103,457.74. Following the completion of the sale, the chairman now owns 57 shares in the company, valued at approximately $38,217.93. The disclosure for this sale can be found here. Insiders have sold 157,831 shares of company stock worth $102,721,884 over the last ninety days. Corporate insiders own 1.76% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Bank of America increased their target price on Netflix from $700.00 to $740.00 and gave the stock a “buy” rating in a research note on Monday, July 15th. Macquarie reissued an “outperform” rating and set a $685.00 price objective on shares of Netflix in a research report on Tuesday, July 16th. China Renaissance assumed coverage on shares of Netflix in a report on Thursday. They issued a “hold” rating and a $680.00 target price for the company. Guggenheim increased their price target on shares of Netflix from $700.00 to $735.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. Finally, Piper Sandler boosted their price objective on shares of Netflix from $600.00 to $650.00 and gave the stock a “neutral” rating in a report on Friday, July 19th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and twenty-three have assigned a buy rating to the company. According to MarketBeat, Netflix currently has an average rating of “Moderate Buy” and an average target price of $685.29.

Netflix 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.