Netflix, Inc. (NASDAQ:NFLX) Stock Holdings Boosted by Raymond James & Associates

Raymond James & Associates boosted its position in Netflix, Inc. (NASDAQ:NFLX) by 5.9% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 715,796 shares of the Internet television network’s stock after purchasing an additional 39,770 shares during the quarter. Raymond James & Associates owned about 0.17% of Netflix worth $483,076,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Valued Wealth Advisors LLC grew its holdings in Netflix by 80.0% in the 1st quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock worth $27,000 after buying an additional 20 shares in the last quarter. VitalStone Financial LLC grew its stake in shares of Netflix by 933.3% in the fourth quarter. VitalStone Financial LLC now owns 62 shares of the Internet television network’s stock worth $30,000 after purchasing an additional 56 shares in the last quarter. Beaird Harris Wealth Management LLC increased 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 purchasing an additional 62 shares during the period. Scarborough Advisors LLC bought a new stake in shares of Netflix during the fourth quarter valued at about $32,000. Finally, Indiana Trust & Investment Management CO lifted its holdings in Netflix by 112.0% in the first quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock worth $32,000 after purchasing an additional 28 shares during the period. 80.93% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Netflix 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 sale, the insider now directly owns 31,610 shares in the company, valued at $19,128,159.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Netflix news, insider David A. Hyman sold 20,656 shares of the firm’s stock in a transaction dated 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 transaction, the insider now directly owns 31,610 shares in the company, valued at $19,128,159.30. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, 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 sale, the chief executive officer now owns 13,090 shares of the company’s stock, valued at approximately $8,835,750. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 132,893 shares of company stock worth $84,412,483. Insiders own 1.76% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on NFLX shares. Guggenheim raised their target price on shares of Netflix from $700.00 to $735.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Oppenheimer reissued an “outperform” rating and set a $725.00 target price on shares of Netflix in a report on Tuesday, July 30th. Morgan Stanley upped 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. JPMorgan Chase & Co. lifted their price target on Netflix from $650.00 to $750.00 and gave the company an “overweight” rating in a research report on Friday, July 12th. Finally, KeyCorp boosted their price objective on Netflix from $707.00 to $735.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 10th. One investment 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 MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $681.21.

Netflix Stock Up 1.6 %

Shares of NASDAQ:NFLX traded up $10.85 during trading on Friday, reaching $674.07. 3,511,014 shares of the company traded hands, compared to its average volume of 3,896,356. The firm has a fifty day simple moving average of $654.47 and a 200 day simple moving average of $621.61. 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 1-year low of $344.73 and a 1-year high of $697.49. The firm has a market cap of $290.52 billion, a P/E ratio of 46.78, a price-to-earnings-growth ratio of 1.28 and a beta of 1.27.

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

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.