Mackenzie Financial Corp Acquires 34,962 Shares of Netflix, Inc. (NASDAQ:NFLX)

Mackenzie Financial Corp raised its holdings in Netflix, Inc. (NASDAQ:NFLX) by 17.6% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 233,692 shares of the Internet television network’s stock after purchasing an additional 34,962 shares during the quarter. Mackenzie Financial Corp owned approximately 0.05% of Netflix worth $157,714,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Wellington Management Group LLP raised its holdings in shares of Netflix by 540.9% in the fourth quarter. Wellington Management Group LLP now owns 3,878,785 shares of the Internet television network’s stock valued at $1,888,503,000 after buying an additional 3,273,592 shares during the last quarter. GQG Partners LLC bought a new position in Netflix in the 1st quarter valued at $1,450,476,000. Jennison Associates LLC increased its stake 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 during the period. Global Assets Advisory LLC bought a new stake in shares of Netflix during the first quarter worth $436,514,000. Finally, Jericho Capital Asset Management L.P. acquired a new position in shares of Netflix during the first quarter valued at $372,293,000. Institutional investors own 80.93% of the company’s stock.

Insider Buying and Selling

In other Netflix news, CFO Spencer Adam Neumann sold 433 shares of the company’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $626.19, for a total transaction of $271,140.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Netflix news, insider David A. Hyman sold 20,656 shares of the stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $605.13, for a total value of $12,499,565.28. Following the completion of the transaction, the insider now directly owns 31,610 shares in the company, valued at $19,128,159.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Spencer Adam Neumann sold 433 shares of the business’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $626.19, for a total value of $271,140.27. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 202,020 shares of company stock worth $133,334,342. Corporate insiders own 1.76% of the company’s stock.

Netflix Trading Down 1.4 %

Shares of NFLX stock opened at $711.43 on Friday. The stock has a market cap of $306.63 billion, a P/E ratio of 49.37, a price-to-earnings-growth ratio of 1.44 and a beta of 1.26. Netflix, Inc. has a 1 year low of $344.73 and a 1 year high of $725.26. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.55. The stock has a 50 day simple moving average of $668.14 and a 200 day simple moving average of $643.69.

Netflix (NASDAQ:NFLX) last released its earnings results on Thursday, July 18th. The Internet television network reported $4.88 earnings per share for the quarter, beating analysts’ consensus estimates of $4.74 by $0.14. Netflix had a return on equity of 32.93% and a net margin of 19.54%. The firm had revenue of $9.56 billion during the quarter, compared to the consensus estimate of $9.53 billion. During the same period in the prior year, the company posted $3.29 EPS. The company’s revenue was up 16.8% compared to the same quarter last year. On average, research analysts predict that Netflix, Inc. will post 19.08 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on NFLX. Sanford C. Bernstein lifted their price objective on Netflix from $600.00 to $625.00 and gave the stock a “market perform” rating in a research report on Friday, July 19th. StockNews.com upgraded Netflix from a “hold” rating to a “buy” rating in a report on Tuesday. TD Cowen increased their price target on shares of Netflix from $725.00 to $775.00 and gave the company a “buy” rating in a research report on Tuesday, July 9th. Morgan Stanley lifted their price target on shares of Netflix from $700.00 to $780.00 and gave the stock an “overweight” rating in a research report on Monday, July 15th. Finally, Jefferies Financial Group raised their price objective on Netflix from $655.00 to $780.00 and gave the stock a “buy” rating in a research note on Tuesday, July 16th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $685.29.

About Netflix

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.