V2 Financial group LLC Raises Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

V2 Financial group LLC lifted its holdings in Netflix, Inc. (NASDAQ:NFLX) by 15.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 569 shares of the Internet television network’s stock after acquiring an additional 77 shares during the period. V2 Financial group LLC’s holdings in Netflix were worth $357,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of Netflix in the fourth quarter valued at $2,558,598,000. Wellington Management Group LLP boosted 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 purchasing an additional 3,273,592 shares during the period. GQG Partners LLC bought a new position in Netflix during the 1st quarter valued at about $1,450,476,000. Jennison Associates LLC raised its position in Netflix by 17.0% in 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 purchasing an additional 929,193 shares during the period. Finally, Global Assets Advisory LLC bought a new stake in Netflix in the first quarter worth about $436,514,000. Institutional investors own 80.93% of the company’s stock.

Netflix Trading Up 1.3 %

Shares of Netflix stock opened at $701.35 on Friday. The stock has a market cap of $301.00 billion, a PE ratio of 48.67, a price-to-earnings-growth ratio of 1.44 and a beta of 1.27. The firm has a fifty day moving average price of $659.34 and a 200 day moving average price of $630.81. 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 current ratio of 0.95 and a quick ratio of 0.95.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Thursday, July 18th. The Internet television network reported $4.88 earnings per share for the quarter, topping 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%. The firm’s revenue for the quarter was up 16.8% compared to the same quarter last year. During the same period last year, the firm earned $3.29 EPS. Equities research analysts predict that Netflix, Inc. will post 19.08 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on NFLX. Guggenheim upped their target price on Netflix from $700.00 to $735.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Pivotal Research boosted their price objective on Netflix from $800.00 to $900.00 and gave the company a “buy” rating in a report on Friday. 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 research note on Friday, July 19th. Needham & Company LLC reissued a “buy” rating and set a $700.00 target price on shares of Netflix in a research note on Friday, July 19th. Finally, Redburn Atlantic upped their price target on shares of Netflix from $740.00 to $760.00 and gave the stock a “buy” rating in a report on Friday, July 19th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $685.45.

Insiders Place Their Bets

In related news, Director Jay C. Hoag sold 37,675 shares of the business’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $629.73, for a total value of $23,725,077.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Jay C. Hoag sold 37,675 shares of Netflix stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $629.73, for a total value of $23,725,077.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider David A. Hyman sold 20,656 shares of the stock in a transaction that occurred on 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 transaction, the insider now owns 31,610 shares in the company, valued at approximately $19,128,159.30. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 152,700 shares of company stock worth $98,283,982. Corporate insiders own 1.76% of the company’s stock.

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.