GTS Securities LLC Has $56.45 Million Stock Position in Netflix, Inc. $NFLX

GTS Securities LLC grew its stake in Netflix, Inc. (NASDAQ:NFLX) by 178.2% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 790,640 shares of the Internet television network’s stock after buying an additional 506,445 shares during the period. Netflix accounts for about 1.2% of GTS Securities LLC’s holdings, making the stock its 14th largest position. GTS Securities LLC’s holdings in Netflix were worth $56,452,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Shepherd Street Advisors LLC acquired a new position in shares of Netflix during the fourth quarter valued at $2,216,000. Morse Asset Management Inc raised its holdings in Netflix by 809.3% during the 4th quarter. Morse Asset Management Inc now owns 64,730 shares of the Internet television network’s stock worth $6,069,000 after purchasing an additional 57,611 shares during the last quarter. University of Texas Texas AM Investment Management Co. lifted its position in Netflix by 798.5% during the 4th quarter. University of Texas Texas AM Investment Management Co. now owns 42,542 shares of the Internet television network’s stock valued at $3,989,000 after purchasing an additional 37,807 shares during the period. New Mexico Educational Retirement Board lifted its position in Netflix by 900.0% during the 4th quarter. New Mexico Educational Retirement Board now owns 192,210 shares of the Internet television network’s stock valued at $18,022,000 after purchasing an additional 172,989 shares during the period. Finally, Ritholtz Wealth Management boosted its stake in shares of Netflix by 25.0% in the 1st quarter. Ritholtz Wealth Management now owns 106,451 shares of the Internet television network’s stock valued at $10,235,000 after purchasing an additional 21,260 shares during the last quarter. Institutional investors own 80.93% of the company’s stock.

Netflix Stock Performance

Shares of NFLX opened at $81.72 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.14 and a current ratio of 1.14. Netflix, Inc. has a twelve month low of $65.08 and a twelve month high of $126.71. The firm’s 50 day moving average price is $74.65 and its two-hundred day moving average price is $84.33. The firm has a market cap of $340.28 billion, a P/E ratio of 25.72, a PEG ratio of 1.03 and a beta of 1.52.

Netflix (NASDAQ:NFLX) last announced its earnings results on Thursday, July 16th. The Internet television network reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.01. The firm had revenue of $12.56 billion during the quarter, compared to analyst estimates of $12.58 billion. Netflix had a net margin of 28.22% and a return on equity of 40.02%. The company’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.72 EPS. On average, analysts forecast that Netflix, Inc. will post 3.59 EPS for the current fiscal year.

Netflix News Roundup

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Bill Ackman’s Pershing Square reportedly added approximately 13.1 million Netflix shares, making NFLX one of the hedge fund’s new concentrated holdings. The move may bolster investor confidence in Netflix’s valuation and long-term earnings potential. Bill Ackman portfolio overhaul article
• Positive Sentiment: Analysts and market commentators point to Netflix’s rapidly expanding advertising business, a potential $3 billion advertising revenue opportunity, continued global expansion and margin growth as catalysts for a possible recovery toward $100 and beyond. Record share buybacks could further support earnings per share. Netflix stock price prediction article
• Positive Sentiment: Netflix is being described as an undervalued long-term holding, with bullish arguments centered on double-digit revenue growth, free-cash-flow generation and the ability to monetize live events and lower-priced ad-supported plans. Netflix five-year outlook article
• Neutral Sentiment: The Netflix preview of Grand Theft Auto VI attracted significant online attention and traffic, but the immediate stock-market beneficiary appears to be Take-Two Interactive, the game’s publisher, rather than Netflix. GTA 6 Netflix preview article
• Negative Sentiment: Some analysts argue that Netflix’s growth is moderating and that Alphabet offers stronger diversification, advertising exposure and valuation. Recent commentary also identifies resistance near $82 and muted enthusiasm following the latest earnings report. NFLX versus GOOGL article
• Negative Sentiment: Reported insider activity remains a potential overhang: executives and directors made numerous sales and no purchases over the past six months. Investors may interpret the selling as reduced insider conviction, although it may also reflect routine diversification. Netflix ad monetization and market resistance article

Insider Activity

In related news, Director Reed Hastings sold 386,700 shares of Netflix stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $85.97, for a total transaction of $33,244,599.00. Following the completion of the transaction, the director owned 3,940 shares in the company, valued at approximately $338,721.80. This trade represents a 98.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Bradford L. Smith sold 35,990 shares of the firm’s stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $77.52, for a total value of $2,789,944.80. Following the completion of the sale, the director directly owned 79,690 shares of the company’s stock, valued at approximately $6,177,568.80. The trade was a 31.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 600,295 shares of company stock valued at $49,056,671. Corporate insiders own 1.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on NFLX shares. Rosenblatt Securities set a $75.00 price target on shares of Netflix and gave the stock a “neutral” rating in a research note on Friday, July 17th. KeyCorp reaffirmed an “overweight” rating and issued a $92.00 price objective (down from $115.00) on shares of Netflix in a research note on Monday, July 13th. Phillip Securities raised shares of Netflix from a “moderate buy” rating to a “strong-buy” rating in a report on Sunday, July 19th. Bank of America reiterated a “buy” rating and set a $125.00 target price on shares of Netflix in a research report on Monday, May 18th. Finally, Morgan Stanley restated an “overweight” rating and issued a $90.00 price target (down from $115.00) on shares of Netflix in a research report on Tuesday, July 14th. Four analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, seventeen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $103.19.

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.