Netflix, Inc. (NASDAQ:NFLX) Stock Position Increased by Financial Counselors Inc.

Financial Counselors Inc. boosted its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 1.7% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,258 shares of the Internet television network’s stock after buying an additional 388 shares during the quarter. Financial Counselors Inc.’s holdings in Netflix were worth $15,696,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Precision Wealth Strategies LLC boosted its holdings in Netflix by 3.5% in the fourth 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. increased its stake in Netflix by 5.9% during the fourth quarter. Gilbert & Cook Inc. now owns 2,177 shares of the Internet television network’s stock valued at $1,060,000 after acquiring an additional 121 shares during the period. First Horizon Advisors Inc. raised its holdings in Netflix by 5.7% in the 4th quarter. First Horizon Advisors Inc. now owns 798 shares of the Internet television network’s stock valued at $389,000 after acquiring an additional 43 shares in the last quarter. Aveo Capital Partners LLC lifted its position in shares of Netflix by 6.9% in the 4th quarter. Aveo Capital Partners LLC now owns 667 shares of the Internet television network’s stock worth $325,000 after acquiring an additional 43 shares during the period. Finally, Benjamin F. Edwards & Company Inc. grew its holdings in shares of Netflix by 82.8% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 6,598 shares of the Internet television network’s stock worth $3,212,000 after purchasing an additional 2,989 shares in the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Netflix Trading Up 1.3 %

NASDAQ NFLX opened at $701.35 on Monday. 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’s 50-day moving average is $659.34 and its 200-day moving average is $631.17. Netflix, Inc. has a one year low of $344.73 and a one year high of $711.33. The firm has a market cap of $302.28 billion, a P/E ratio of 48.67, a P/E/G ratio of 1.44 and a beta of 1.27.

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

Insider Buying and Selling

In other news, insider David A. Hyman sold 20,656 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $605.13, for a total value of $12,499,565.28. Following the sale, the insider now owns 31,610 shares of the company’s stock, valued at $19,128,159.30. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Netflix news, CFO Spencer Adam Neumann sold 433 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was 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 is accessible through the SEC website. Also, insider David A. Hyman sold 20,656 shares of the stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $605.13, for a total value of $12,499,565.28. Following the completion of the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at approximately $19,128,159.30. The disclosure for this sale can be found here. Over the last three months, insiders sold 132,757 shares of company stock worth $85,648,496. 1.76% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

NFLX has been the subject of a number of recent research reports. Jefferies Financial Group upped their target price on Netflix from $655.00 to $780.00 and gave the company a “buy” rating in a research note on Tuesday, July 16th. Redburn Atlantic increased their price objective on shares of Netflix from $740.00 to $760.00 and gave the company a “buy” rating in a research note on Friday, July 19th. JPMorgan Chase & Co. lifted their target price on shares of Netflix from $650.00 to $750.00 and gave the company an “overweight” rating in a research report on Friday, July 12th. KeyCorp increased their price target on shares of Netflix from $707.00 to $735.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 10th. Finally, Loop Capital raised their price target on shares of Netflix from $700.00 to $750.00 and gave the stock a “buy” rating in a research note on Tuesday, June 18th. One equities research 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. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $685.45.

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.