Eagle Strategies LLC Acquires Shares of 375 Netflix, Inc. (NASDAQ:NFLX)

Eagle Strategies LLC bought a new position in Netflix, Inc. (NASDAQ:NFLX) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 375 shares of the Internet television network’s stock, valued at approximately $253,000.

A number of other large investors have also recently made changes to their positions in the company. Obermeyer Wood Investment Counsel Lllp raised its holdings in shares of Netflix by 2.8% in the first quarter. Obermeyer Wood Investment Counsel Lllp now owns 623 shares of the Internet television network’s stock worth $378,000 after buying an additional 17 shares during the period. Private Portfolio Partners LLC grew its position in Netflix by 1.7% in 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 last quarter. FAS Wealth Partners Inc. increased its stake in Netflix by 1.5% in the second quarter. FAS Wealth Partners Inc. now owns 1,164 shares of the Internet television network’s stock worth $786,000 after purchasing an additional 17 shares during the period. Founders Financial Alliance LLC boosted its stake in shares of Netflix by 2.4% during the fourth quarter. Founders Financial Alliance LLC now owns 757 shares of the Internet television network’s stock valued at $369,000 after purchasing an additional 18 shares during the period. Finally, Capital Advisors Ltd. LLC grew its holdings in shares of Netflix by 4.6% in the first quarter. Capital Advisors Ltd. LLC now owns 411 shares of the Internet television network’s stock worth $250,000 after purchasing an additional 18 shares during the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NFLX has been the subject of several research reports. TD Cowen boosted their price objective 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. Wedbush reiterated an “outperform” rating and issued a $725.00 target price on shares of Netflix in a research note on Monday, May 20th. Needham & Company LLC reiterated a “buy” rating and set a $700.00 price objective on shares of Netflix in a research note on Friday, July 19th. Loop Capital raised their target price on shares of Netflix from $700.00 to $750.00 and gave the company a “buy” rating in a research note on Tuesday, June 18th. Finally, Rosenblatt Securities upped their price target on Netflix from $554.00 to $635.00 and gave the stock a “neutral” rating in a research report on Friday, July 19th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and twenty-three have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $685.29.

Netflix Trading Up 0.8 %

Netflix stock opened at $686.80 on Friday. The firm has a market cap of $294.75 billion, a PE ratio of 47.66, a P/E/G ratio of 1.40 and a beta of 1.26. Netflix, Inc. has a 12 month low of $344.73 and a 12 month high of $711.33. The stock’s 50 day simple moving average is $659.87 and its two-hundred day simple moving average is $636.58. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.55.

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

Insiders Place Their Bets

In other Netflix news, Chairman Reed Hastings sold 22,526 shares of the stock in a transaction on Monday, July 1st. The shares were sold at an average price of $670.49, for a total transaction of $15,103,457.74. Following the transaction, the chairman now directly owns 57 shares of the company’s stock, valued at $38,217.93. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, Director Leslie J. Kilgore sold 1,372 shares of the business’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $704.81, for a total transaction of $966,999.32. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Reed Hastings sold 22,526 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $670.49, for a total value of $15,103,457.74. Following the completion of the sale, the chairman now owns 57 shares of the company’s stock, valued at $38,217.93. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 153,048 shares of company stock worth $99,493,359. 1.76% of the stock is owned by corporate insiders.

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.