Bensler LLC Has $10.28 Million Stake in Netflix, Inc. (NASDAQ:NFLX)

Bensler LLC boosted its holdings in Netflix, Inc. (NASDAQ:NFLX) by 4.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,233 shares of the Internet television network’s stock after purchasing an additional 673 shares during the quarter. Netflix accounts for about 1.4% of Bensler LLC’s portfolio, making the stock its 24th largest holding. Bensler LLC’s holdings in Netflix were worth $10,280,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. raised its position in shares of Netflix by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 36,587,911 shares of the Internet television network’s stock valued at $22,220,936,000 after buying an additional 149,341 shares in the last quarter. Capital World Investors raised its position in shares of Netflix by 0.7% in the 4th quarter. Capital World Investors now owns 11,744,636 shares of the Internet television network’s stock valued at $5,718,265,000 after buying an additional 78,320 shares in the last quarter. Jennison Associates LLC raised its position in shares of Netflix by 17.0% in the 1st quarter. Jennison Associates LLC now owns 6,381,464 shares of the Internet television network’s stock valued at $3,875,655,000 after buying an additional 929,193 shares in the last quarter. Norges Bank acquired a new position in shares of Netflix in the 4th quarter valued at approximately $2,558,598,000. Finally, Baillie Gifford & Co. raised its position in shares of Netflix by 2.3% in the 2nd quarter. Baillie Gifford & Co. now owns 4,762,069 shares of the Internet television network’s stock valued at $3,213,825,000 after buying an additional 106,756 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Benchmark boosted their target price on shares of Netflix from $450.00 to $545.00 and gave the company a “sell” rating in a research report on Tuesday, July 16th. Oppenheimer reaffirmed an “outperform” rating and set a $725.00 price target on shares of Netflix in a report on Tuesday, July 30th. Citigroup lifted their price target on shares of Netflix from $660.00 to $675.00 and gave the company a “neutral” rating in a report on Monday, July 22nd. Piper Sandler lifted their price target on shares of Netflix from $600.00 to $650.00 and gave the company a “neutral” rating in a report on Friday, July 19th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Netflix from $650.00 to $750.00 and gave the company an “overweight” rating in a report on Friday, July 12th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and twenty-four have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $682.42.

Netflix Stock Up 1.1 %

Shares of Netflix stock traded up $7.28 during trading on Tuesday, reaching $695.72. 3,161,698 shares of the company traded hands, compared to its average volume of 3,850,634. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.95 and a quick ratio of 0.95. The company has a 50 day moving average price of $658.60 and a 200-day moving average price of $627.51. Netflix, Inc. has a 1-year low of $344.73 and a 1-year high of $711.33. The firm has a market capitalization of $299.86 billion, a PE ratio of 48.28, a P/E/G ratio of 1.28 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Thursday, July 18th. The Internet television network reported $4.88 earnings per share for the quarter, topping the consensus estimate of $4.74 by $0.14. Netflix had a net margin of 19.54% and a return on equity of 32.93%. The firm had revenue of $9.56 billion for the quarter, compared to the consensus estimate of $9.53 billion. During the same quarter in the prior year, the company posted $3.29 earnings per share. The business’s revenue was up 16.8% on a year-over-year basis. As a group, equities research analysts expect that Netflix, Inc. will post 19.08 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider David A. Hyman sold 20,656 shares of the company’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $605.13, for a total value of $12,499,565.28. Following the completion of the sale, the insider now owns 31,610 shares in the company, valued at approximately $19,128,159.30. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, insider David A. Hyman sold 20,656 shares of the stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $605.13, for a total transaction of $12,499,565.28. Following the completion of the transaction, the insider now owns 31,610 shares in the company, valued at $19,128,159.30. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Gregory K. Peters sold 4,783 shares of the stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $675.00, for a total transaction of $3,228,525.00. Following the transaction, the chief executive officer now owns 13,090 shares of the company’s stock, valued at approximately $8,835,750. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 152,700 shares of company stock worth $98,283,982. Insiders own 1.76% of the company’s stock.

Netflix 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.