Weaver Capital Management LLC Buys 480 Shares of Netflix, Inc. (NASDAQ:NFLX)

Weaver Capital Management LLC increased its stake in Netflix, Inc. (NASDAQ:NFLX) by 21.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,722 shares of the Internet television network’s stock after purchasing an additional 480 shares during the quarter. Weaver Capital Management LLC’s holdings in Netflix were worth $1,837,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Obermeyer Wood Investment Counsel Lllp raised its holdings in shares of Netflix by 2.8% in the 1st quarter. Obermeyer Wood Investment Counsel Lllp now owns 623 shares of the Internet television network’s stock worth $378,000 after purchasing an additional 17 shares during the period. Private Portfolio Partners LLC raised its holdings in Netflix by 1.7% during the 1st quarter. Private Portfolio Partners LLC now owns 1,042 shares of the Internet television network’s stock valued at $633,000 after acquiring an additional 17 shares during the period. FAS Wealth Partners Inc. raised its holdings in Netflix by 1.5% during the 2nd quarter. FAS Wealth Partners Inc. now owns 1,164 shares of the Internet television network’s stock valued at $786,000 after acquiring an additional 17 shares during the period. Legacy Capital Group California Inc. raised its holdings in Netflix by 0.6% during the 4th quarter. Legacy Capital Group California Inc. now owns 2,833 shares of the Internet television network’s stock valued at $1,379,000 after acquiring an additional 18 shares during the period. Finally, Founders Financial Alliance LLC raised its holdings in Netflix by 2.4% during the 4th quarter. Founders Financial Alliance LLC now owns 757 shares of the Internet television network’s stock valued at $369,000 after acquiring an additional 18 shares during the period. Institutional investors own 80.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Benchmark boosted their target price on shares of Netflix from $450.00 to $545.00 and gave the company a “sell” rating in a report on Tuesday, July 16th. Evercore ISI boosted their price target on shares of Netflix from $710.00 to $750.00 and gave the company an “outperform” rating in a research report on Tuesday, August 27th. TD Cowen boosted their price target on shares of Netflix from $725.00 to $775.00 and gave the company a “buy” rating in a research report on Tuesday, July 9th. Bank of America boosted their price target on shares of Netflix from $700.00 to $740.00 and gave the company a “buy” rating in a research report on Monday, July 15th. Finally, Citigroup upped their target price on shares of Netflix from $660.00 to $675.00 and gave the stock a “neutral” rating in a research report on Monday, July 22nd. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $685.45.

Insiders Place Their Bets

In other Netflix news, 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Netflix news, 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Gregory K. Peters sold 4,783 shares of the firm’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $675.00, for a total transaction of $3,228,525.00. Following the sale, the chief executive officer now owns 13,090 shares in the company, valued at $8,835,750. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 132,757 shares of company stock worth $85,648,496. Company insiders own 1.76% of the company’s stock.

Netflix Trading Up 0.6 %

Shares of NFLX stock opened at $679.24 on Wednesday. Netflix, Inc. has a 12-month low of $344.73 and a 12-month high of $711.33. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.55. The firm’s 50 day moving average is $660.05 and its 200 day moving average is $632.57. The stock has a market capitalization of $292.75 billion, a P/E ratio of 46.86, a P/E/G ratio of 1.44 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last issued its earnings results on Thursday, July 18th. The Internet television network reported $4.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.74 by $0.14. Netflix had a net margin of 19.54% and a return on equity of 32.93%. The company had revenue of $9.56 billion for the quarter, compared to analysts’ expectations of $9.53 billion. During the same quarter last year, the company posted $3.29 earnings per share. The firm’s quarterly revenue was up 16.8% on a year-over-year basis. Research analysts expect 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.