POM Investment Strategies LLC Purchases 56 Shares of Netflix, Inc. (NASDAQ:NFLX)

POM Investment Strategies LLC lifted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 56.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 156 shares of the Internet television network’s stock after purchasing an additional 56 shares during the period. POM Investment Strategies LLC’s holdings in Netflix were worth $105,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Norges Bank bought a new position in Netflix in the fourth quarter valued at approximately $2,558,598,000. Wellington Management Group LLP raised its holdings in Netflix by 540.9% in the fourth quarter. Wellington Management Group LLP now owns 3,878,785 shares of the Internet television network’s stock worth $1,888,503,000 after purchasing an additional 3,273,592 shares during the period. GQG Partners LLC bought a new position in shares of Netflix during the first quarter worth $1,450,476,000. Jennison Associates LLC raised its stake in Netflix by 17.0% during the 1st quarter. Jennison Associates LLC now owns 6,381,464 shares of the Internet television network’s stock worth $3,875,655,000 after buying an additional 929,193 shares during the period. Finally, Global Assets Advisory LLC bought a new position in Netflix during the first quarter worth about $436,514,000. 80.93% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider David A. Hyman sold 20,656 shares of the company’s stock in a transaction dated Tuesday, August 6th. The stock was 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 of the company’s stock, valued at $19,128,159.30. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other 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 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 document filed with the SEC, which is available at the SEC website. Also, Director Leslie J. Kilgore sold 1,372 shares of the stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $704.81, for a total value of $966,999.32. The disclosure for this sale can be found here. In the last quarter, insiders sold 152,700 shares of company stock worth $98,283,982. Corporate insiders own 1.76% of the company’s stock.

Analysts Set New Price Targets

NFLX has been the topic of a number of research analyst reports. Guggenheim raised their price target on Netflix from $700.00 to $735.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. Bank of America increased their price objective on shares of Netflix from $700.00 to $740.00 and gave the stock a “buy” rating in a research report on Monday, July 15th. Loop Capital boosted their price objective on shares of Netflix from $700.00 to $750.00 and gave the company a “buy” rating in a research report on Tuesday, June 18th. The Goldman Sachs Group increased their target price on Netflix from $650.00 to $659.00 and gave the stock a “neutral” rating in a report on Friday, July 19th. Finally, UBS Group increased their price target on Netflix from $685.00 to $750.00 and gave the company a “buy” rating in a research report on Friday, July 19th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and twenty-four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Netflix presently has a consensus rating of “Moderate Buy” and a consensus target price of $681.21.

Netflix Stock Performance

Shares of NFLX traded down $2.23 during mid-day trading on Friday, hitting $686.73. 2,354,450 shares of the company traded hands, compared to its average volume of 3,870,180. Netflix, Inc. has a 1 year low of $344.73 and a 1 year high of $711.33. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a 50-day moving average price of $658.35 and a two-hundred day moving average price of $626.12. The stock has a market cap of $295.98 billion, a price-to-earnings ratio of 47.66, a P/E/G ratio of 1.28 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, beating the consensus estimate of $4.74 by $0.14. The company had revenue of $9.56 billion for the quarter, compared to the consensus estimate of $9.53 billion. Netflix had a return on equity of 32.93% and a net margin of 19.54%. Netflix’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same period in the previous year, the business earned $3.29 earnings per share. Equities analysts anticipate that Netflix, Inc. will post 19.08 earnings per share for the current year.

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.