Investment House LLC Makes New $250,000 Investment in Netflix, Inc. (NASDAQ:NFLX)

Investment House LLC acquired a new position in shares of Netflix, Inc. (NASDAQ:NFLX) in the second quarter, Holdings Channel reports. The firm acquired 370 shares of the Internet television network’s stock, valued at approximately $250,000.

A number of other hedge funds have also recently made changes to their positions in NFLX. Vanguard Group Inc. grew its holdings in Netflix by 0.4% during the first quarter. Vanguard Group Inc. now owns 36,587,911 shares of the Internet television network’s stock worth $22,220,936,000 after acquiring an additional 149,341 shares during the period. Capital World Investors increased its holdings in shares of Netflix by 0.7% in the fourth quarter. Capital World Investors now owns 11,744,636 shares of the Internet television network’s stock valued at $5,718,265,000 after purchasing an additional 78,320 shares during the last quarter. Jennison Associates LLC increased its holdings in shares of Netflix by 17.0% in the first quarter. Jennison Associates LLC now owns 6,381,464 shares of the Internet television network’s stock valued at $3,875,655,000 after purchasing an additional 929,193 shares during the last quarter. Norges Bank acquired a new stake in shares of Netflix in the fourth quarter valued at approximately $2,558,598,000. Finally, Fisher Asset Management LLC increased its holdings in shares of Netflix by 1.9% in the fourth quarter. Fisher Asset Management LLC now owns 4,121,104 shares of the Internet television network’s stock valued at $2,006,483,000 after purchasing an additional 78,298 shares during the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NFLX has been the subject of several recent analyst reports. UBS Group raised their target price on Netflix from $685.00 to $750.00 and gave the stock a “buy” rating in a research note on Friday, July 19th. Benchmark lifted their target price on Netflix from $450.00 to $545.00 and gave the company a “sell” rating in a report on Tuesday, July 16th. Oppenheimer reiterated an “outperform” rating and issued a $725.00 target price on shares of Netflix in a report on Tuesday, July 30th. Rosenblatt Securities lifted their target price on Netflix from $554.00 to $635.00 and gave the company a “neutral” rating in a report on Friday, July 19th. Finally, Argus lifted their target price on Netflix from $660.00 to $767.00 and gave the company a “buy” rating in a report on Tuesday, July 2nd. 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’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $681.21.

Insiders Place Their Bets

In other news, CFO Spencer Adam Neumann sold 433 shares of Netflix stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $626.19, for a total transaction of $271,140.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CFO Spencer Adam Neumann sold 433 shares of the firm’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $626.19, for a total transaction of $271,140.27. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Gregory K. Peters sold 4,783 shares of Netflix stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $675.00, for a total transaction of $3,228,525.00. Following the completion of the sale, the chief executive officer now directly owns 13,090 shares in the company, valued at approximately $8,835,750. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 132,893 shares of company stock worth $84,412,483. 1.76% of the stock is currently owned by company insiders.

Netflix Trading Down 0.2 %

NASDAQ NFLX traded down $1.42 on Wednesday, hitting $697.12. The company’s stock had a trading volume of 2,225,195 shares, compared to its average volume of 3,886,637. The company’s 50-day moving average is $656.35 and its 200 day moving average is $623.81. The firm has a market cap of $300.46 billion, a PE ratio of 48.40, a PEG ratio of 1.28 and a beta of 1.27. Netflix, Inc. has a 1-year low of $344.73 and a 1-year high of $711.33. 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 (NASDAQ:NFLX) last released its quarterly earnings results on Thursday, July 18th. The Internet television network reported $4.88 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $9.53 billion. During the same quarter last year, the firm earned $3.29 earnings per share. The company’s revenue for the quarter was up 16.8% on a year-over-year basis. As a group, analysts predict 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.