Carret Asset Management LLC Purchases 35 Shares of Netflix, Inc. (NASDAQ:NFLX)

Carret Asset Management LLC increased its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 3.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,165 shares of the Internet television network’s stock after buying an additional 35 shares during the quarter. Carret Asset Management LLC’s holdings in Netflix were worth $786,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Valued Wealth Advisors LLC raised its holdings in shares of Netflix by 80.0% in the first quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock valued at $27,000 after purchasing an additional 20 shares during the last quarter. Proffitt & Goodson Inc. increased its stake in Netflix by 380.0% in the 2nd quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock valued at $32,000 after buying an additional 38 shares during the last quarter. AlphaMark Advisors LLC increased its stake in Netflix by 642.9% in the 2nd quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock valued at $35,000 after buying an additional 45 shares during the last quarter. Indiana Trust & Investment Management CO lifted its position in Netflix by 112.0% during the 1st quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock worth $32,000 after buying an additional 28 shares in the last quarter. Finally, Triad Wealth Partners LLC bought a new position in shares of Netflix in the 2nd quarter valued at about $38,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Activity

In other news, CFO Spencer Adam Neumann sold 433 shares of Netflix 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 is available through this hyperlink. In other news, CFO Spencer Adam Neumann sold 433 shares of Netflix stock in a transaction on 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 document filed with the SEC, which is accessible through the SEC website. Also, Director Jay C. Hoag sold 37,675 shares of the business’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $629.73, for a total transaction of $23,725,077.75. The disclosure for this sale can be found here. In the last three months, insiders have sold 132,757 shares of company stock worth $85,648,496. Corporate insiders own 1.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. The Goldman Sachs Group increased their price target on Netflix from $650.00 to $659.00 and gave the company a “neutral” rating in a research report on Friday, July 19th. Guggenheim increased their price objective on Netflix from $700.00 to $735.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. Loop Capital upped their price target on shares of Netflix from $700.00 to $750.00 and gave the stock a “buy” rating in a research report on Tuesday, June 18th. StockNews.com cut shares of Netflix from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, Wedbush restated an “outperform” rating and set a $725.00 price objective on shares of Netflix in a research note on Monday, May 20th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-three have given a buy rating to the company. According to MarketBeat, Netflix currently has an average rating of “Moderate Buy” and an average target price of $685.45.

Netflix Price Performance

NASDAQ:NFLX traded up $8.87 during mid-day trading on Monday, reaching $701.35. The stock had a trading volume of 3,266,700 shares, compared to its average volume of 3,828,842. Netflix, Inc. has a 12 month low of $344.73 and a 12 month high of $711.33. The stock has a market capitalization of $302.28 billion, a PE ratio of 48.67, a P/E/G ratio of 1.44 and a beta of 1.27. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a 50-day simple moving average of $659.34 and a two-hundred day simple moving average of $631.17.

Netflix (NASDAQ:NFLX) last issued 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 return on equity of 32.93% and a net margin of 19.54%. The company had revenue of $9.56 billion for the quarter, compared to analyst estimates of $9.53 billion. During the same quarter last year, the company posted $3.29 EPS. The company’s revenue for the quarter was up 16.8% compared to the same quarter last year. On average, 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.