MBA Advisors LLC Invests $209,000 in Netflix, Inc. (NASDAQ:NFLX)

MBA Advisors LLC acquired a new position in Netflix, Inc. (NASDAQ:NFLX) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 310 shares of the Internet television network’s stock, valued at approximately $209,000.

Several other institutional investors have also recently made changes to their positions in NFLX. Precision Wealth Strategies LLC lifted its holdings in Netflix by 3.5% in the 4th quarter. Precision Wealth Strategies LLC now owns 2,444 shares of the Internet television network’s stock worth $1,190,000 after purchasing an additional 83 shares in the last quarter. Gilbert & Cook Inc. lifted its holdings in Netflix by 5.9% in the 4th quarter. Gilbert & Cook Inc. now owns 2,177 shares of the Internet television network’s stock worth $1,060,000 after purchasing an additional 121 shares in the last quarter. Cozad Asset Management Inc. purchased a new position in Netflix in the 4th quarter worth approximately $311,000. Savant Capital LLC lifted its holdings in Netflix by 13.1% in the 4th quarter. Savant Capital LLC now owns 7,873 shares of the Internet television network’s stock worth $3,833,000 after purchasing an additional 909 shares in the last quarter. Finally, Hartford Funds Management Co LLC purchased a new position in Netflix in the 4th quarter worth approximately $276,000. Institutional investors own 80.93% of the company’s stock.

Netflix Stock Up 1.3 %

Shares of NASDAQ NFLX traded up $8.87 during mid-day trading on Friday, reaching $701.35. 3,266,723 shares of the company were exchanged, compared to its average volume of 3,828,823. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.55. The stock has a market cap of $302.28 billion, a price-to-earnings ratio of 48.67, a P/E/G 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 firm has a 50-day moving average of $659.04 and a 200 day moving average of $629.28.

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

Analyst Upgrades and Downgrades

A number of research analysts recently commented on NFLX shares. Needham & Company LLC reissued a “buy” rating and issued a $700.00 price target on shares of Netflix in a report on Friday, July 19th. Morgan Stanley lifted their price objective on Netflix from $700.00 to $780.00 and gave the stock an “overweight” rating in a research note on Monday, July 15th. Pivotal Research lifted their price objective on Netflix from $800.00 to $900.00 and gave the stock a “buy” rating in a research note on Friday. Rosenblatt Securities lifted their price objective on Netflix from $554.00 to $635.00 and gave the stock a “neutral” rating in a research note on Friday, July 19th. Finally, Redburn Atlantic lifted their price objective on Netflix from $740.00 to $760.00 and gave the stock a “buy” rating in a research note on Friday, July 19th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-three have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $685.45.

Insider Buying and Selling

In related news, CFO Spencer Adam Neumann sold 433 shares of the company’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $626.19, for a total transaction of $271,140.27. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, Director Jay C. Hoag sold 37,675 shares of the company’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $629.73, for a total transaction of $23,725,077.75. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Spencer Adam Neumann sold 433 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $626.19, for a total value of $271,140.27. The disclosure for this sale can be found here. Insiders sold 152,700 shares of company stock worth $98,283,982 in the last three months. 1.76% of the stock is owned by insiders.

About Netflix

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.