Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Atlas Legacy Advisors LLC

by · The Cerbat Gem

Atlas Legacy Advisors LLC reduced its stake in shares of Netflix, Inc. (NASDAQ:NFLX – Free Report) by 24.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 363 shares of the Internet television network’s stock after selling 119 shares during the quarter. Atlas Legacy Advisors LLC’s holdings in Netflix were worth $339,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. GAMMA Investing LLC lifted its stake in shares of Netflix by 109,524.3% in the first quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network’s stock worth $8,239,576,000 after acquiring an additional 8,827,662 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in Netflix by 59.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,301,098 shares of the Internet television network’s stock valued at $2,051,016,000 after purchasing an additional 856,307 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in Netflix by 318.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 976,924 shares of the Internet television network’s stock valued at $870,752,000 after purchasing an additional 743,724 shares in the last quarter. Northern Trust Corp increased its holdings in Netflix by 14.3% during the 4th quarter. Northern Trust Corp now owns 4,574,006 shares of the Internet television network’s stock worth $4,076,903,000 after purchasing an additional 570,674 shares during the last quarter. Finally, Two Sigma Advisers LP raised its position in shares of Netflix by 935.7% in the 4th quarter. Two Sigma Advisers LP now owns 461,900 shares of the Internet television network’s stock valued at $411,701,000 after purchasing an additional 417,300 shares in the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Netflix

In related news, Director Strive Masiyiwa sold 290 shares of the stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $1,336.54, for a total value of $387,596.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Reed Hastings sold 9,673 shares of the firm’s stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $1,329.11, for a total transaction of $12,856,481.03. Following the transaction, the director directly owned 394 shares in the company, valued at approximately $523,669.34. The trade was a 96.09% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 185,923 shares of company stock valued at $222,445,095. 1.37% of the stock is currently owned by insiders.

Netflix Stock Performance

Shares of NFLX stock opened at $1,180.49 on Monday. Netflix, Inc. has a 12-month low of $587.04 and a 12-month high of $1,341.15. The firm has a market capitalization of $501.63 billion, a price-to-earnings ratio of 50.30, a price-to-earnings-growth ratio of 1.99 and a beta of 1.59. The business has a 50 day simple moving average of $1,236.44 and a 200 day simple moving average of $1,074.14. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.34 and a quick ratio of 1.34.

Netflix (NASDAQ:NFLX – Get Free Report) last announced its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.07 by $0.12. Netflix had a return on equity of 42.50% and a net margin of 24.58%. The company had revenue of $11.08 billion during the quarter, compared to analyst estimates of $11.04 billion. During the same quarter in the previous year, the firm posted $4.88 EPS. The firm’s quarterly revenue was up 15.9% on a year-over-year basis. On average, equities research analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Benchmark reiterated a “hold” rating on shares of Netflix in a research note on Monday, April 21st. Evercore ISI reissued an “outperform” rating on shares of Netflix in a report on Thursday, May 15th. Loop Capital reissued a “hold” rating on shares of Netflix in a research report on Tuesday, July 15th. Morgan Stanley reaffirmed an “equal weight” rating on shares of Netflix in a research report on Monday, July 21st. Finally, Seaport Res Ptn downgraded Netflix from a “strong-buy” rating to a “hold” rating in a research note on Sunday, July 6th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $1,297.66.

Check Out Our Latest Report on Netflix

Netflix Profile

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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.

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