Mather Group LLC. Has $1.96 Million Stake in Netflix, Inc. (NASDAQ:NFLX)

Mather Group LLC. raised its holdings in Netflix, Inc. (NASDAQ:NFLX) by 55.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,900 shares of the Internet television network’s stock after buying an additional 1,038 shares during the quarter. Mather Group LLC.’s holdings in Netflix were worth $1,957,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Breakwater Capital Group acquired a new stake in shares of Netflix in the 4th quarter valued at $239,000. Allworth Financial LP grew its stake in Netflix by 4.2% during the fourth quarter. Allworth Financial LP now owns 11,386 shares of the Internet television network’s stock worth $5,544,000 after buying an additional 461 shares during the last quarter. CENTRAL TRUST Co increased its holdings in shares of Netflix by 4.1% during the fourth quarter. CENTRAL TRUST Co now owns 3,529 shares of the Internet television network’s stock worth $1,718,000 after buying an additional 138 shares in the last quarter. Tritonpoint Wealth LLC bought a new position in shares of Netflix in the fourth quarter valued at approximately $882,000. Finally, Smith Salley & Associates boosted its holdings in shares of Netflix by 1.9% in the 4th quarter. Smith Salley & Associates now owns 1,440 shares of the Internet television network’s stock worth $701,000 after acquiring an additional 27 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Stock Performance

Shares of NASDAQ:NFLX traded up $11.02 on Tuesday, reaching $609.57. 4,314,282 shares of the company’s stock were exchanged, compared to its average volume of 3,943,511. Netflix, Inc. has a twelve month low of $344.73 and a twelve month high of $697.49. The company has a fifty day moving average of $655.13 and a 200-day moving average of $615.50. The company has a market capitalization of $262.72 billion, a price-to-earnings ratio of 42.30, a PEG ratio of 1.28 and a beta of 1.27. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.55.

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

Insider Activity at Netflix

In other Netflix news, CEO Gregory K. Peters sold 4,783 shares of the company’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $675.00, for a total value of $3,228,525.00. Following the completion of the transaction, the chief executive officer now owns 13,090 shares of the company’s stock, valued at approximately $8,835,750. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CEO Gregory K. Peters sold 4,783 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $675.00, for a total value of $3,228,525.00. Following the transaction, the chief executive officer now owns 13,090 shares in the company, valued at approximately $8,835,750. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Spencer Adam Neumann sold 564 shares of the business’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $613.08, for a total transaction of $345,777.12. The disclosure for this sale can be found here. Insiders sold a total of 73,415 shares of company stock valued at $47,477,222 in the last quarter. Insiders own 1.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Redburn Atlantic boosted their target price on shares of Netflix from $740.00 to $760.00 and gave the stock a “buy” rating in a research note on Friday, July 19th. KeyCorp boosted their price objective on shares of Netflix from $707.00 to $735.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 10th. Wedbush reiterated an “outperform” rating and issued a $725.00 price objective on shares of Netflix in a research report on Monday, May 20th. Morgan Stanley boosted their target price on Netflix from $700.00 to $780.00 and gave the stock an “overweight” rating in a research report on Monday, July 15th. Finally, Evercore ISI raised their price target on Netflix from $700.00 to $710.00 and gave the company an “outperform” rating in a 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 assigned a buy rating to the stock. According to data from MarketBeat, Netflix has an average rating of “Moderate Buy” and a consensus price target of $681.21.

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.