Cooper Financial Group Has $1.82 Million Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Cooper Financial Group boosted its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 5.0% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 3,003 shares of the Internet television network’s stock after buying an additional 143 shares during the period. Cooper Financial Group’s holdings in Netflix were worth $1,824,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Spartan Planning & Wealth Management bought a new position in Netflix in the third quarter valued at approximately $26,000. VitalStone Financial LLC raised its position in Netflix by 933.3% during the fourth quarter. VitalStone Financial LLC now owns 62 shares of the Internet television network’s stock worth $30,000 after acquiring an additional 56 shares in the last quarter. Beaird Harris Wealth Management LLC lifted its stake in Netflix by 1,550.0% in the fourth quarter. Beaird Harris Wealth Management LLC now owns 66 shares of the Internet television network’s stock valued at $32,000 after acquiring an additional 62 shares during the last quarter. Scarborough Advisors LLC bought a new stake in shares of Netflix in the 4th quarter valued at about $32,000. Finally, Blue Bell Private Wealth Management LLC lifted its stake in Netflix by 89.7% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 74 shares of the Internet television network’s stock valued at $36,000 after purchasing an additional 35 shares during the last quarter. Institutional investors own 80.93% of the company’s stock.

Netflix Stock Up 1.0 %

NASDAQ:NFLX traded up $7.09 on Friday, hitting $686.12. The stock had a trading volume of 4,557,086 shares, compared to its average volume of 2,477,096. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.62. Netflix, Inc. has a 52 week low of $344.73 and a 52 week high of $689.88. The business’s fifty day moving average is $621.45 and its 200 day moving average is $576.62. The company has a market cap of $295.72 billion, a PE ratio of 47.61, a P/E/G ratio of 1.47 and a beta of 1.26.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.51 by $0.77. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The business had revenue of $9.37 billion during the quarter, compared to the consensus estimate of $9.28 billion. During the same quarter in the previous year, the business earned $2.88 EPS. The company’s quarterly revenue was up 14.8% on a year-over-year basis. On average, equities research analysts expect that Netflix, Inc. will post 18.31 EPS for the current fiscal year.

Insider Buying and Selling at Netflix

In other news, Chairman Reed Hastings sold 20,566 shares of Netflix stock in a transaction on Monday, April 1st. The stock was sold at an average price of $610.42, for a total transaction of $12,553,897.72. Following the sale, the chairman now directly owns 28 shares in the company, valued at approximately $17,091.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Chairman Reed Hastings sold 20,566 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $610.42, for a total value of $12,553,897.72. Following the sale, the chairman now directly owns 28 shares in the company, valued at approximately $17,091.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Anne M. Sweeney sold 633 shares of Netflix stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $560.00, for a total transaction of $354,480.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 69,425 shares of company stock worth $41,919,791. Insiders own 1.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on NFLX shares. Canaccord Genuity Group reissued a “hold” rating and set a $585.00 target price (down from $720.00) on shares of Netflix in a report on Friday, April 19th. CICC Research began coverage on Netflix in a report on Thursday, May 2nd. They set an “outperform” rating and a $650.00 price objective for the company. Pivotal Research increased their price objective on Netflix from $765.00 to $800.00 and gave the stock a “buy” rating in a research report on Friday, April 19th. StockNews.com upgraded shares of Netflix from a “hold” rating to a “buy” rating in a research note on Monday, February 26th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $725.00 target price on shares of Netflix in a report on Friday, April 19th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-three have assigned a buy rating to the company. According to data from MarketBeat, Netflix presently has an average rating of “Moderate Buy” and an average target price of $633.53.

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.