Bensler LLC Increases Position in Netflix, Inc. (NASDAQ:NFLX)

Bensler LLC boosted its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 9.4% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 17,789 shares of the Internet television network’s stock after acquiring an additional 1,522 shares during the period. Netflix accounts for 2.1% of Bensler LLC’s portfolio, making the stock its 13th largest holding. Bensler LLC’s holdings in Netflix were worth $16,589,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of NFLX. Vanguard Group Inc. grew its stake in shares of Netflix by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 37,488,005 shares of the Internet television network’s stock worth $33,413,809,000 after buying an additional 171,712 shares in the last quarter. FMR LLC grew its stake in shares of Netflix by 1.8% in the 4th quarter. FMR LLC now owns 20,887,090 shares of the Internet television network’s stock worth $18,617,081,000 after buying an additional 375,234 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Netflix by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 9,323,952 shares of the Internet television network’s stock worth $8,287,823,000 after buying an additional 175,596 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Netflix by 109,524.3% in the 1st quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network’s stock worth $8,239,576,000 after buying an additional 8,827,662 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Netflix in the 4th quarter worth $5,019,087,000. 80.93% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CAO Jeffrey William Karbowski sold 480 shares of Netflix stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $978.18, for a total value of $469,526.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jay C. Hoag sold 31,750 shares of the business’s stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $1,252.35, for a total transaction of $39,762,112.50. Following the sale, the director now owns 63,040 shares of the company’s stock, valued at $78,948,144. This represents a 33.50% decrease in their position. The disclosure for this sale can be found here. Insiders sold 185,140 shares of company stock worth $210,271,552 over the last 90 days. 1.37% of the stock is owned by insiders.

Analyst Ratings Changes

NFLX has been the subject of several analyst reports. Robert W. Baird raised their target price on shares of Netflix from $1,200.00 to $1,300.00 and gave the stock an “outperform” rating in a report on Friday, May 16th. Jefferies Financial Group raised their target price on shares of Netflix from $1,200.00 to $1,400.00 and gave the stock a “buy” rating in a report on Tuesday, June 3rd. Morgan Stanley raised their target price on shares of Netflix from $1,150.00 to $1,200.00 and gave the stock an “overweight” rating in a report on Monday, April 21st. BMO Capital Markets restated an “outperform” rating and issued a $1,200.00 target price (up previously from $1,175.00) on shares of Netflix in a report on Friday, April 18th. Finally, Benchmark restated a “hold” rating on shares of Netflix in a report on Monday, April 21st. Eleven investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Netflix presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,156.73.

Netflix Trading Down 0.4%

NASDAQ NFLX opened at $1,215.03 on Friday. The firm has a 50 day simple moving average of $1,113.54 and a 200-day simple moving average of $996.91. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. Netflix, Inc. has a one year low of $587.04 and a one year high of $1,262.81. The firm has a market cap of $517.08 billion, a price-to-earnings ratio of 61.27, a PEG ratio of 2.12 and a beta of 1.59.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, beating the consensus estimate of $5.74 by $0.87. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The business had revenue of $10.54 billion during the quarter, compared to analyst estimates of $10.51 billion. During the same quarter last year, the firm posted $8.28 earnings per share. Equities research analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

About Netflix

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.