Saxon Interests Inc. Invests $207,000 in Netflix, Inc. (NASDAQ:NFLX)

Saxon Interests Inc. purchased a new position in Netflix, Inc. (NASDAQ:NFLX) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 307 shares of the Internet television network’s stock, valued at approximately $207,000.

Other hedge funds have also recently modified their holdings of the company. Norges Bank bought a new position in shares of Netflix during the 4th quarter worth approximately $2,558,598,000. Wellington Management Group LLP raised its stake in shares of Netflix by 540.9% during the 4th quarter. Wellington Management Group LLP now owns 3,878,785 shares of the Internet television network’s stock worth $1,888,503,000 after acquiring an additional 3,273,592 shares in the last quarter. GQG Partners LLC bought a new position in shares of Netflix during the 1st quarter worth approximately $1,450,476,000. Jennison Associates LLC raised its stake in shares of Netflix by 40.6% during the 4th quarter. Jennison Associates LLC now owns 5,452,271 shares of the Internet television network’s stock worth $2,654,602,000 after acquiring an additional 1,573,978 shares in the last quarter. Finally, Global Assets Advisory LLC bought a new position in shares of Netflix during the 1st quarter worth approximately $436,514,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on NFLX. Sanford C. Bernstein boosted their price objective on shares of Netflix from $600.00 to $625.00 and gave the stock a “market perform” rating in a research note on Friday, July 19th. Oppenheimer restated an “outperform” rating and set a $725.00 price target on shares of Netflix in a research note on Tuesday, July 30th. Jefferies Financial Group upped their price target on shares of Netflix from $655.00 to $780.00 and gave the company a “buy” rating in a research note on Tuesday, July 16th. TD Cowen upped their price target on shares of Netflix from $725.00 to $775.00 and gave the company a “buy” rating in a research note on Tuesday, July 9th. Finally, UBS Group upped their price target on shares of Netflix from $685.00 to $750.00 and gave the company a “buy” rating in a research note on Friday, July 19th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twenty-four have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $681.21.

Netflix Trading Up 1.6 %

Netflix stock traded up $10.85 during midday trading on Friday, hitting $674.07. 3,511,014 shares of the stock were exchanged, compared to its average volume of 3,896,356. Netflix, Inc. has a fifty-two week low of $344.73 and a fifty-two week high of $697.49. The stock has a market capitalization of $290.52 billion, a price-to-earnings ratio of 46.78, a PEG ratio of 1.28 and a beta of 1.27. The stock’s 50-day simple moving average is $654.47 and its 200 day simple moving average is $621.61. 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 quarterly earnings data 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 net margin of 19.54% and a return on equity of 32.93%. The firm had revenue of $9.56 billion during the quarter, compared to analysts’ expectations of $9.53 billion. During the same period last year, the business earned $3.29 earnings per share. Netflix’s revenue was up 16.8% compared to the same quarter last year. On average, equities analysts anticipate that Netflix, Inc. will post 19.08 EPS for the current year.

Insider Activity

In related news, insider David A. Hyman sold 20,656 shares of Netflix stock in a transaction that occurred on Tuesday, August 6th. The shares were 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 owns 31,610 shares in the company, valued at $19,128,159.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Chairman Reed Hastings sold 19,943 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $633.58, for a total transaction of $12,635,485.94. Following the completion of the sale, the chairman now owns 57 shares in the company, valued at approximately $36,114.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider David A. Hyman sold 20,656 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $605.13, for a total transaction of $12,499,565.28. Following the sale, the insider now owns 31,610 shares of the company’s stock, valued at approximately $19,128,159.30. The disclosure for this sale can be found here. Over the last quarter, insiders sold 132,893 shares of company stock valued at $84,412,483. 1.76% of the stock is currently owned by company insiders.

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.