Netflix, Inc. $NFLX Shares Acquired by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund lifted its position in shares of Netflix, Inc. (NASDAQ:NFLXFree Report) by 1.3% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 1,615,131 shares of the Internet television network’s stock after purchasing an additional 21,114 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Netflix were worth $155,295,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NFLX. Imprint Wealth LLC purchased a new stake in Netflix during the third quarter worth approximately $25,000. Wealth Watch Advisors INC purchased a new position in shares of Netflix in the 3rd quarter valued at $103,000. Strategic Wealth Investment Group LLC purchased a new position in shares of Netflix in the 2nd quarter valued at $121,000. Wiser Advisor Group LLC acquired a new position in shares of Netflix during the 3rd quarter valued at $114,000. Finally, Beaird Harris Wealth Management LLC boosted its position in Netflix by 9.6% during the 3rd quarter. Beaird Harris Wealth Management LLC now owns 114 shares of the Internet television network’s stock worth $137,000 after purchasing an additional 10 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Stock Performance

Netflix stock opened at $70.09 on Friday. Netflix, Inc. has a 12-month low of $65.08 and a 12-month high of $126.71. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.14 and a quick ratio of 1.41. The company has a market capitalization of $291.85 billion, a price-to-earnings ratio of 22.06, a price-to-earnings-growth ratio of 0.86 and a beta of 1.52. The firm’s fifty day moving average price is $78.34 and its 200 day moving average price is $86.05.

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

Netflix News Roundup

Here are the key news stories impacting Netflix this week:

Analyst Upgrades and Downgrades

NFLX has been the subject of several recent research reports. Seaport Research Partners downgraded Netflix from a “buy” rating to a “neutral” rating in a report on Monday. KeyCorp restated an “overweight” rating and set a $92.00 price objective (down from $115.00) on shares of Netflix in a research note on Monday, July 13th. Phillip Securities raised Netflix from a “moderate buy” rating to a “strong-buy” rating in a research report on Sunday, July 19th. Needham & Company LLC reiterated a “buy” rating on shares of Netflix in a research note on Friday, April 17th. Finally, Weiss Ratings downgraded Netflix from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, June 26th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, seventeen have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $103.48.

View Our Latest Research Report on Netflix

Insiders Place Their Bets

In related news, CEO Gregory K. Peters sold 27,312 shares of the stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $88.69, for a total value of $2,422,301.28. Following the completion of the transaction, the chief executive officer owned 120,931 shares of the company’s stock, valued at approximately $10,725,370.39. This represents a 18.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Bradford L. Smith sold 35,990 shares of the firm’s stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $77.52, for a total value of $2,789,944.80. Following the sale, the director owned 79,690 shares of the company’s stock, valued at approximately $6,177,568.80. This trade represents a 31.11% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 899,839 shares of company stock valued at $80,141,661. Insiders own 1.24% of the company’s stock.

Netflix Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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