Coppell Advisory Solutions Corp. Makes New Investment in Netflix, Inc. (NASDAQ:NFLX)

Coppell Advisory Solutions Corp. purchased a new position in shares of Netflix, Inc. (NASDAQ:NFLX) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 478 shares of the Internet television network’s stock, valued at approximately $290,000.

A number of other large investors have also modified their holdings of the stock. Valued Wealth Advisors LLC lifted its position 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 worth $27,000 after purchasing an additional 20 shares during the last quarter. VitalStone Financial LLC raised its position in shares of Netflix by 933.3% during the 4th quarter. VitalStone Financial LLC now owns 62 shares of the Internet television network’s stock worth $30,000 after buying an additional 56 shares in the last quarter. Beaird Harris Wealth Management LLC lifted its stake in shares of Netflix by 1,550.0% in the 4th quarter. Beaird Harris Wealth Management LLC now owns 66 shares of the Internet television network’s stock worth $32,000 after acquiring an additional 62 shares during the period. Scarborough Advisors LLC bought a new position in shares of Netflix in the fourth quarter valued at approximately $32,000. Finally, Indiana Trust & Investment Management CO increased its stake 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. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Buying and Selling at Netflix

In other Netflix news, CEO Gregory K. Peters sold 1,278 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $593.81, for a total transaction of $758,889.18. Following the sale, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at $7,772,972.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CFO Spencer Adam Neumann sold 564 shares of the company’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $613.08, for a total transaction of $345,777.12. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Gregory K. Peters sold 1,278 shares of the firm’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $593.81, for a total transaction of $758,889.18. Following the completion of the transaction, the chief executive officer now directly owns 13,090 shares in the company, valued at approximately $7,772,972.90. The disclosure for this sale can be found here. Over the last three months, insiders sold 52,391 shares of company stock valued at $33,988,045. 1.76% of the stock is currently owned by company insiders.

Netflix Stock Performance

Shares of NASDAQ:NFLX traded down $1.05 during trading on Thursday, reaching $627.30. The stock had a trading volume of 1,745,195 shares, compared to its average volume of 3,929,755. The stock has a fifty day simple moving average of $656.97 and a two-hundred day simple moving average of $611.91. The company has a quick ratio of 0.95, a current ratio of 0.95 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. The firm has a market capitalization of $270.37 billion, a price-to-earnings ratio of 43.80, a P/E/G ratio of 1.27 and a beta of 1.27.

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, topping analysts’ consensus estimates of $4.74 by $0.14. The firm had revenue of $9.56 billion during the quarter, compared to analyst estimates of $9.53 billion. Netflix had a net margin of 19.54% and a return on equity of 32.93%. The business’s revenue was up 16.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.29 EPS. As a group, analysts anticipate that Netflix, Inc. will post 19.08 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on NFLX. Canaccord Genuity Group cut Netflix from a “buy” rating to a “hold” rating and lowered their price target for the company from $720.00 to $585.00 in a research report on Friday, April 19th. Bank of America raised their price objective on shares of Netflix from $700.00 to $740.00 and gave the company a “buy” rating in a research report on Monday, July 15th. KeyCorp increased their target price on shares of Netflix from $707.00 to $735.00 and gave the company an “overweight” rating in a research note on Wednesday, July 10th. JPMorgan Chase & Co. lifted their price target on shares of Netflix from $650.00 to $750.00 and gave the stock an “overweight” rating in a research report on Friday, July 12th. Finally, Wells Fargo & Company increased their price objective on Netflix from $650.00 to $726.00 and gave the company an “overweight” rating in a research report on Friday, April 19th. One research 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.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $681.21.

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.