Epoch Investment Partners Inc. Acquires Shares of 428 Netflix, Inc. (NASDAQ:NFLX)

Epoch Investment Partners Inc. acquired a new stake in shares of Netflix, Inc. (NASDAQ:NFLX) in the first quarter, HoldingsChannel.com reports. The firm acquired 428 shares of the Internet television network’s stock, valued at approximately $260,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Valued Wealth Advisors LLC lifted its holdings in shares of Netflix by 80.0% during the first quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock valued at $27,000 after acquiring an additional 20 shares during the period. VitalStone Financial LLC lifted its holdings in shares of Netflix by 933.3% during the fourth quarter. VitalStone Financial LLC now owns 62 shares of the Internet television network’s stock valued at $30,000 after acquiring an additional 56 shares during the period. Beaird Harris Wealth Management LLC lifted its holdings in shares of Netflix by 1,550.0% during 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 period. Scarborough Advisors LLC bought a new position in shares of Netflix during the fourth quarter valued at $32,000. Finally, Indiana Trust & Investment Management CO lifted its holdings in shares of Netflix by 112.0% during the first quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock valued at $32,000 after acquiring an additional 28 shares during the period. 80.93% of the stock is owned by institutional investors.

Netflix Stock Down 0.4 %

Shares of NASDAQ:NFLX traded down $2.72 during trading on Friday, hitting $631.37. 3,120,659 shares of the company’s stock traded hands, compared to its average volume of 3,608,843. The company has a market cap of $270.97 billion, a price-to-earnings ratio of 43.81, a price-to-earnings-growth ratio of 1.29 and a beta of 1.27. The company has a 50-day moving average price of $658.05 and a 200-day moving average price of $609.00. The company has a current ratio of 0.95, a quick ratio of 1.07 and a debt-to-equity ratio of 0.55. Netflix, Inc. has a 52 week low of $344.73 and a 52 week high of $697.49.

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

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on NFLX shares. Loop Capital lifted their price target on Netflix from $700.00 to $750.00 and gave the company a “buy” rating in a report on Tuesday, June 18th. CICC Research assumed coverage on Netflix in a report on Thursday, May 2nd. They issued an “outperform” rating and a $650.00 price target for the company. Piper Sandler lifted their price objective on Netflix from $600.00 to $650.00 and gave the stock a “neutral” rating in a research report on Friday, July 19th. Deutsche Bank Aktiengesellschaft lifted their price objective on Netflix from $525.00 to $550.00 and gave the stock a “hold” rating in a research report on Monday, April 15th. Finally, Rosenblatt Securities lifted their price objective on Netflix from $554.00 to $635.00 and gave the stock a “neutral” rating in a research report on Friday, July 19th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and twenty-four have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $681.21.

Insider Transactions at Netflix

In other news, insider David A. Hyman sold 268 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $593.62, for a total transaction of $159,090.16. Following the sale, the insider now owns 31,610 shares in the company, valued at approximately $18,764,328.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider David A. Hyman sold 268 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $593.62, for a total transaction of $159,090.16. Following the sale, the insider now owns 31,610 shares in the company, valued at approximately $18,764,328.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Spencer Adam Neumann sold 564 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $613.08, for a total value of $345,777.12. The disclosure for this sale can be found here. Insiders have sold a total of 71,385 shares of company stock worth $44,469,351 in the last 90 days. Corporate 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.