VectorGlobal IAG Inc. Acquires Shares of 97,148 Netflix, Inc. $NFLX

VectorGlobal IAG Inc. acquired a new stake in Netflix, Inc. (NASDAQ:NFLX) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 97,148 shares of the Internet television network’s stock, valued at approximately $9,341,000. Netflix makes up 2.4% of VectorGlobal IAG Inc.’s holdings, making the stock its 13th biggest holding.

Other large investors have also made changes to their positions in the company. Turning Point Benefit Group Inc. grew its stake in Netflix by 13,400.0% in the 4th quarter. Turning Point Benefit Group Inc. now owns 270 shares of the Internet television network’s stock valued at $25,000 after acquiring an additional 268 shares during the period. Imprint Wealth LLC acquired a new position in Netflix during the third quarter worth $25,000. Cornerstone Financial Management LLC purchased a new position in Netflix during the fourth quarter valued at $26,000. Atlas Capital Advisors Inc. purchased a new position in Netflix during the fourth quarter valued at $26,000. Finally, Jessup Wealth Management Inc acquired a new stake in shares of Netflix in the fourth quarter valued at about $27,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Key Netflix News

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix agreed to a five-year, approximately $500 million licensing deal covering all 371 episodes of The Walking Dead universe in international markets. The agreement strengthens Netflix’s global content lineup and adds a recognizable franchise beginning in 2027. Los Angeles Times article
• Positive Sentiment: Walmart-owned Flipkart is offering qualifying loyalty members a monthly Netflix mobile subscription after four orders in a month. The partnership could support customer acquisition and engagement in India, although the direct financial impact appears limited. Reuters article

Netflix Price Performance

Shares of NASDAQ:NFLX opened at $71.71 on Monday. Netflix, Inc. has a 52-week low of $65.08 and a 52-week high of $126.71. The stock has a market cap of $298.60 billion, a P/E ratio of 22.57, a PEG ratio of 0.90 and a beta of 1.52. The business has a fifty day moving average of $76.66 and a two-hundred day moving average of $85.38. 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 (NASDAQ:NFLX) last posted its quarterly earnings results on Thursday, July 16th. The Internet television network reported $0.80 EPS 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 analyst estimates of $12.58 billion. Netflix had a return on equity of 40.02% and a net margin of 28.22%.The company’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.72 EPS. On average, research analysts expect that Netflix, Inc. will post 3.59 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Piper Sandler reissued an “overweight” rating and set a $85.00 target price (down from $115.00) on shares of Netflix in a research note on Friday, July 17th. CLSA started coverage on Netflix in a report on Monday, July 20th. They issued an “outperform” rating on the stock. Pivotal Research cut their price objective on Netflix from $96.00 to $70.00 and set a “hold” rating for the company in a research note on Friday, July 17th. Bank of America reissued a “buy” rating and set a $125.00 target price on shares of Netflix in a report on Monday, May 18th. Finally, Seaport Research Partners cut Netflix from a “buy” rating to a “neutral” rating in a report on Monday, July 20th. Four analysts have rated the stock with a Strong Buy rating, thirty-three have assigned 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, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $103.48.

Insider Activity

In other news, CFO Spencer Adam Neumann sold 9,253 shares of the stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $88.95, for a total value of $823,054.35. Following the completion of the sale, the chief financial officer owned 73,787 shares of the company’s stock, valued at $6,563,353.65. This represents a 11.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Bradford L. Smith sold 35,990 shares of the firm’s stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $77.52, for a total transaction of $2,789,944.80. Following the sale, the director owned 79,690 shares of the company’s stock, valued at $6,177,568.80. This represents a 31.11% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 492,289 shares of company stock valued at $42,186,530 in the last quarter. Insiders own 1.24% of the company’s stock.

Netflix 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.