208 Shares in Netflix, Inc. $NFLX Acquired by Arcus Capital Partners LLC

Arcus Capital Partners LLC purchased a new position in Netflix, Inc. (NASDAQ:NFLX) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 208 shares of the Internet television network’s stock, valued at approximately $279,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of NFLX. Optima Capital LLC grew its stake in shares of Netflix by 3.5% during the 2nd quarter. Optima Capital LLC now owns 239 shares of the Internet television network’s stock worth $320,000 after purchasing an additional 8 shares during the period. Unified Investment Management grew its stake in shares of Netflix by 1.7% during the 2nd quarter. Unified Investment Management now owns 474 shares of the Internet television network’s stock worth $635,000 after purchasing an additional 8 shares during the period. Plancorp LLC grew its stake in shares of Netflix by 0.6% during the 2nd quarter. Plancorp LLC now owns 1,278 shares of the Internet television network’s stock worth $1,711,000 after purchasing an additional 8 shares during the period. Five Oceans Advisors grew its stake in shares of Netflix by 1.1% during the 2nd quarter. Five Oceans Advisors now owns 751 shares of the Internet television network’s stock worth $1,006,000 after purchasing an additional 8 shares during the period. Finally, Old Port Advisors grew its stake in shares of Netflix by 1.3% during the 2nd quarter. Old Port Advisors now owns 624 shares of the Internet television network’s stock worth $836,000 after purchasing an additional 8 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Transactions at Netflix

In other news, CEO Theodore A. Sarandos sold 2,026 shares of the firm’s stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $1,160.62, for a total value of $2,351,416.12. Following the transaction, the chief executive officer directly owned 15,168 shares of the company’s stock, valued at approximately $17,604,284.16. This trade represents a 11.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Spencer Adam Neumann sold 2,601 shares of the firm’s stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $1,162.40, for a total transaction of $3,023,402.40. Following the completion of the transaction, the chief financial officer directly owned 3,691 shares in the company, valued at approximately $4,290,418.40. This represents a 41.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 104,100 shares of company stock valued at $122,710,980. Company insiders own 1.37% of the company’s stock.

Netflix Price Performance

Netflix stock opened at $1,199.36 on Friday. The company has a fifty day simple moving average of $1,213.47 and a 200-day simple moving average of $1,177.58. The firm has a market capitalization of $509.64 billion, a price-to-earnings ratio of 51.10, a PEG ratio of 2.02 and a beta of 1.59. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58. Netflix, Inc. has a 52-week low of $736.23 and a 52-week high of $1,341.15.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Sanford C. Bernstein reaffirmed a “buy” rating on shares of Netflix in a research note on Friday. Piper Sandler increased their target price on Netflix from $1,400.00 to $1,500.00 and gave the company an “overweight” rating in a research report on Friday, July 18th. Canaccord Genuity Group reiterated a “buy” rating on shares of Netflix in a research report on Thursday, July 10th. Jefferies Financial Group reiterated a “buy” rating on shares of Netflix in a research report on Tuesday, October 14th. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $1,425.00 target price (up previously from $1,200.00) on shares of Netflix in a research report on Tuesday, July 15th. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,339.81.

Netflix Company Profile

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.