Chartwell Investment Partners LLC Increases Stake in Netflix, Inc. (NASDAQ:NFLX)

Chartwell Investment Partners LLC lifted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 0.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 9,984 shares of the Internet television network’s stock after purchasing an additional 29 shares during the period. Chartwell Investment Partners LLC’s holdings in Netflix were worth $4,543,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the stock. Capital International Investors increased its holdings in shares of Netflix by 27.3% in the first quarter. Capital International Investors now owns 13,695,433 shares of the Internet television network’s stock worth $5,142,631,000 after buying an additional 2,936,451 shares during the period. Jennison Associates LLC lifted its position in Netflix by 15.1% in the first quarter. Jennison Associates LLC now owns 8,950,493 shares of the Internet television network’s stock valued at $3,360,910,000 after purchasing an additional 1,174,164 shares during the last quarter. Geode Capital Management LLC lifted its position in Netflix by 6.5% in the first quarter. Geode Capital Management LLC now owns 6,527,589 shares of the Internet television network’s stock valued at $2,446,123,000 after purchasing an additional 399,048 shares during the last quarter. Sands Capital Management LLC boosted its stake in shares of Netflix by 30.7% during the first quarter. Sands Capital Management LLC now owns 5,536,697 shares of the Internet television network’s stock valued at $2,079,030,000 after purchasing an additional 1,299,967 shares during the period. Finally, Wellington Management Group LLP grew its holdings in shares of Netflix by 181.8% in the first quarter. Wellington Management Group LLP now owns 3,373,506 shares of the Internet television network’s stock worth $1,266,751,000 after purchasing an additional 2,176,569 shares during the last quarter. Institutional investors own 82.30% of the company’s stock.

A number of equities research analysts have issued reports on NFLX shares. Raymond James lowered shares of Netflix from a “strong-buy” rating to an “outperform” rating and raised their price target for the stock from $415.00 to $480.00 in a report on Wednesday, April 22nd. UBS Group set a $500.00 price target on Netflix and gave the company a “neutral” rating in a report on Monday, July 20th. Wedbush increased their price objective on Netflix from $198.00 to $220.00 and gave the stock an “underperform” rating in a report on Tuesday, July 14th. Goldman Sachs Group cut their price objective on Netflix from $670.00 to $600.00 and set a “conviction-buy” rating on the stock in a research report on Friday, July 17th. Finally, Benchmark upped their target price on Netflix from $340.00 to $397.00 and gave the company a “sell” rating in a report on Monday, July 13th. Six equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the stock. Netflix currently has an average rating of “Hold” and a consensus price target of $483.56.

Shares of Netflix stock opened at $488.88 on Friday. The stock has a market cap of $215.60 billion, a price-to-earnings ratio of 82.44, a price-to-earnings-growth ratio of 2.59 and a beta of 0.96. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.12 and a current ratio of 1.12. The stock has a 50 day moving average price of $476.08 and a 200-day moving average price of $407.12. Netflix, Inc. has a one year low of $252.28 and a one year high of $575.37.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, July 16th. The Internet television network reported $1.59 EPS for the quarter, missing the consensus estimate of $1.81 by ($0.22). Netflix had a return on equity of 33.32% and a net margin of 11.85%. The firm had revenue of $6.15 billion for the quarter, compared to analysts’ expectations of $6.08 billion. During the same period in the previous year, the firm earned $0.60 earnings per share. Sell-side analysts predict that Netflix, Inc. will post 6.28 earnings per share for the current fiscal year.

In other Netflix news, CEO Reed Hastings sold 53,193 shares of the stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $449.23, for a total value of $23,895,891.39. Following the sale, the chief executive officer now owns 53,193 shares in the company, valued at $23,895,891.39. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Anne M. Sweeney sold 1,500 shares of Netflix stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $450.00, for a total value of $675,000.00. Following the sale, the director now owns 300 shares of the company’s stock, valued at $135,000. The disclosure for this sale can be found here. Insiders have sold a total of 189,612 shares of company stock worth $90,145,458 over the last quarter. 3.40% of the stock is currently owned by insiders.

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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