Vise Technologies Inc. Acquires Shares of 204,514 Netflix, Inc. $NFLX

Vise Technologies Inc. bought a new position in Netflix, Inc. (NASDAQ:NFLX) in the second quarter, HoldingsChannel.com reports. The fund bought 204,514 shares of the Internet television network’s stock, valued at approximately $14,602,000.

A number of other large investors also recently modified their holdings of NFLX. OVERSEA CHINESE BANKING Corp Ltd bought a new position in Netflix in the 2nd quarter valued at $4,540,000. August Group Capital Ltd bought a new stake in shares of Netflix during the second quarter worth $212,000. E Fund Management Co. Ltd. bought a new stake in shares of Netflix during the second quarter worth $13,915,000. Pasadena Private Wealth LLC acquired a new position in shares of Netflix during the second quarter valued at $334,000. Finally, Asahi Life Asset Management CO. LTD. acquired a new position in shares of Netflix during the second quarter valued at $815,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Netflix

In related news, CFO Spencer Adam Neumann sold 9,248 shares of Netflix stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $75.79, for a total transaction of $700,905.92. Following the transaction, the chief financial officer owned 73,787 shares of the company’s stock, valued at $5,592,316.73. This trade represents a 11.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gregory K. Peters sold 27,312 shares of the business’s stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $73.54, for a total transaction of $2,008,524.48. Following the transaction, the chief executive officer owned 120,931 shares of the company’s stock, valued at approximately $8,893,265.74. This represents a 18.42% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 600,295 shares of company stock worth $49,056,671. 1.24% of the stock is owned by company insiders.

Analyst Ratings Changes

NFLX has been the topic of several recent research reports. Citigroup reiterated a “market perform” rating on shares of Netflix in a report on Monday. China Intl Cap raised Netflix to a “strong-buy” rating in a report on Tuesday, July 21st. Weiss Ratings downgraded shares of Netflix from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, June 26th. CLSA began coverage on shares of Netflix in a research note on Monday, July 20th. They issued an “outperform” rating on the stock. Finally, TD Cowen lowered their price target on shares of Netflix from $112.00 to $100.00 and set a “buy” rating for the company in a research report on Friday, July 17th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, seventeen have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $103.48.

Netflix Stock Down 0.1%

Shares of Netflix stock opened at $80.14 on Friday. 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, Inc. has a 12 month low of $65.08 and a 12 month high of $126.71. The business has a fifty day simple moving average of $74.40 and a 200 day simple moving average of $84.37. The stock has a market cap of $333.70 billion, a PE ratio of 25.23, a price-to-earnings-growth ratio of 1.01 and a beta of 1.52.

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

Trending Headlines about Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Bill Ackman’s Pershing Square rebuilt a major position. The investment firm’s purchase, despite previously taking a reported $400 million loss on Netflix, signals confidence in the company’s long-term growth, competitive position and leadership. The disclosure helped support a recent increase in NFLX shares. Netflix Moved, What Is Drawing Attention Now?
• Positive Sentiment: Analysts see advertising as a significant growth opportunity. Netflix is expanding its ad-supported business through live programming, new ad technology and additional tools for marketers. The company is targeting substantial future advertising revenue, which could diversify its sales base and support continued revenue expansion. NFLX’s Ad Business Focus
• Positive Sentiment: Valuation has become more attractive after the selloff. Netflix trades at roughly 21 times forward earnings in the cited analysis, a level viewed as more reasonable than during prior periods of comparable declines. A CNBC contributor also recommended Netflix, reinforcing the bullish case among some investors. Netflix Trades at 21 Times Forward Earnings
• Neutral Sentiment: Co-founder Reed Hastings discussed Netflix’s performance-focused culture. Hastings said companies should operate as teams rather than families, making workforce reductions easier when employees do not meet expectations. The comments revisit Netflix’s 2001 layoffs but do not represent a new operating announcement. Reed Hastings Says Companies Aren’t Families
• Negative Sentiment: YouTube is reportedly trying to prevent creators from signing with Netflix. YouTube is offering creators millions of dollars and warning that simultaneous Netflix deals could jeopardize marketing support and brand-campaign revenue. This could raise Netflix’s content-acquisition costs and make it harder to secure popular creator-led programming. YouTube Offers Creators Millions to Avoid Netflix Deals
• Negative Sentiment: Netflix faces a lawsuit from the band Demon Hunter. The group alleges that Netflix’s KPop Demon Hunters infringes its rights. The case creates legal and reputational risk, although the financial impact is currently unclear. Netflix Sued by Band Demon Hunter

Netflix Company 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.