Hayden Royal LLC Purchases 167 Shares of Netflix, Inc. (NASDAQ:NFLX)

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Hayden Royal LLC grew its position in Netflix, Inc. (NASDAQ:NFLX) by 25.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 824 shares of the Internet television network’s stock after purchasing an additional 167 shares during the quarter. Hayden Royal LLC’s holdings in Netflix were worth $313,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in NFLX. FMR LLC boosted its stake in Netflix by 2.4% during the first quarter. FMR LLC now owns 26,167,019 shares of the Internet television network’s stock worth $9,330,112,000 after buying an additional 605,419 shares in the last quarter. Northern Trust Corp boosted its stake in Netflix by 1.9% during the first quarter. Northern Trust Corp now owns 4,948,504 shares of the Internet television network’s stock worth $1,764,438,000 after buying an additional 90,312 shares in the last quarter. Janus Henderson Group PLC boosted its stake in Netflix by 6.6% during the second quarter. Janus Henderson Group PLC now owns 3,471,536 shares of the Internet television network’s stock worth $1,275,354,000 after buying an additional 213,987 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in Netflix by 1.1% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,716,711 shares of the Internet television network’s stock worth $630,582,000 after buying an additional 19,015 shares in the last quarter. Finally, Swiss National Bank boosted its stake in Netflix by 2.8% during the first quarter. Swiss National Bank now owns 1,455,525 shares of the Internet television network’s stock worth $518,982,000 after buying an additional 39,900 shares in the last quarter. 76.94% of the stock is currently owned by institutional investors.

A number of equities research analysts have weighed in on NFLX shares. Morgan Stanley set a $450.00 price target on shares of Netflix and gave the stock a “buy” rating in a research note on Friday, August 2nd. ValuEngine downgraded shares of Netflix from a “buy” rating to a “hold” rating in a research note on Saturday, June 1st. UBS Group reiterated a “buy” rating and set a $420.00 price target on shares of Netflix in a research note on Thursday, April 18th. Rosenblatt Securities reiterated a “neutral” rating and set a $370.00 price target (up previously from $350.00) on shares of Netflix in a research note on Wednesday, July 10th. Finally, Oppenheimer decreased their price target on shares of Netflix from $425.00 to $410.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 17th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $390.47.

In other Netflix news, CEO Reed Hastings sold 51,898 shares of the business’s stock in a transaction dated Monday, June 24th. The stock was sold at an average price of $372.89, for a total transaction of $19,352,245.22. Following the completion of the sale, the chief executive officer now directly owns 51,898 shares of the company’s stock, valued at approximately $19,352,245.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Bradford L. Smith acquired 6,499 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were purchased at an average cost of $308.49 per share, with a total value of $2,004,876.51. Following the completion of the acquisition, the director now directly owns 799 shares in the company, valued at approximately $246,483.51. The disclosure for this purchase can be found here. Insiders sold 165,862 shares of company stock valued at $56,966,404 over the last ninety days. 3.72% of the stock is currently owned by company insiders.

Netflix stock opened at $312.28 on Wednesday. The firm has a 50-day simple moving average of $343.27. The company has a debt-to-equity ratio of 2.06, a current ratio of 0.85 and a quick ratio of 0.85. Netflix, Inc. has a 12-month low of $231.23 and a 12-month high of $386.80. The company has a market capitalization of $135.26 billion, a PE ratio of 116.52, a price-to-earnings-growth ratio of 3.14 and a beta of 1.23.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Wednesday, July 17th. The Internet television network reported $0.60 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.04. Netflix had a return on equity of 20.88% and a net margin of 6.53%. The business had revenue of $4.92 billion during the quarter, compared to analysts’ expectations of $4.93 billion. During the same period in the previous year, the business posted $0.85 earnings per share. The firm’s revenue for the quarter was up 26.0% compared to the same quarter last year. Equities analysts predict that Netflix, Inc. will post 3.28 EPS for the current fiscal year.

Netflix Company Profile

Netflix, Inc provides Internet entertainment services. The company operates in three segments: Domestic streaming, International streaming, and Domestic DVD. It offers TV series, documentaries, and feature films across various genres and languages. The company provides members the ability to receive streaming content through a host of Internet-connected screens, including TVs, digital video players, television set-top boxes, and mobile devices.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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