Anfield Capital Management LLC Has $1.16 Million Holdings in Netflix, Inc. (NASDAQ:NFLX)

Anfield Capital Management LLC lifted its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 13,061.5% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,711 shares of the Internet television network’s stock after purchasing an additional 1,698 shares during the quarter. Netflix accounts for 0.6% of Anfield Capital Management LLC’s investment portfolio, making the stock its 28th largest holding. Anfield Capital Management LLC’s holdings in Netflix were worth $1,155,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Valued Wealth Advisors LLC lifted 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 in the last quarter. Proffitt & Goodson Inc. lifted its position in shares of Netflix by 380.0% during the second quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock valued at $32,000 after purchasing an additional 38 shares in the last quarter. AlphaMark Advisors LLC boosted its holdings in Netflix by 642.9% during the second quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock worth $35,000 after purchasing an additional 45 shares during the last quarter. Indiana Trust & Investment Management CO grew its holdings in shares of Netflix by 112.0% in the first quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock valued at $32,000 after acquiring an additional 28 shares in the last quarter. Finally, Triad Wealth Partners LLC bought a new stake in Netflix during the second quarter worth $38,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Activity at Netflix

In other news, Chairman Reed Hastings sold 19,943 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $633.58, for a total value of $12,635,485.94. Following the transaction, the chairman now owns 57 shares in the company, valued at $36,114.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Gregory K. Peters sold 1,278 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $614.44, for a total transaction of $785,254.32. Following the completion of the transaction, the chief executive officer now owns 13,090 shares in the company, valued at $8,043,019.60. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Chairman Reed Hastings sold 19,943 shares of the firm’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $633.58, for a total value of $12,635,485.94. Following the completion of the sale, the chairman now directly owns 57 shares of the company’s stock, valued at approximately $36,114.06. The disclosure for this sale can be found here. Insiders sold 152,700 shares of company stock worth $98,283,982 in the last ninety days. 1.76% of the stock is owned by company insiders.

Netflix Stock Up 1.3 %

Shares of NASDAQ NFLX opened at $701.35 on Friday. Netflix, Inc. has a one year low of $344.73 and a one year high of $711.33. The stock has a market capitalization of $301.00 billion, a P/E ratio of 48.67, a PEG ratio of 1.44 and a beta of 1.27. The firm’s 50 day simple moving average is $659.34 and its two-hundred day simple moving average is $630.81. 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 posted 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. Netflix had a net margin of 19.54% and a return on equity of 32.93%. The business had revenue of $9.56 billion during the quarter, compared to the consensus estimate of $9.53 billion. During the same period in the previous year, the firm posted $3.29 earnings per share. The firm’s revenue for the quarter was up 16.8% on a year-over-year basis. As a group, analysts expect that Netflix, Inc. will post 19.08 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on NFLX shares. Morgan Stanley raised their target price on Netflix from $700.00 to $780.00 and gave the company an “overweight” rating in a research report on Monday, July 15th. Jefferies Financial Group lifted their price target on shares of Netflix from $655.00 to $780.00 and gave the stock a “buy” rating in a report on Tuesday, July 16th. Citigroup increased their price target on Netflix from $660.00 to $675.00 and gave the stock a “neutral” rating in a research note on Monday, July 22nd. The Goldman Sachs Group upped their price objective on shares of Netflix from $650.00 to $659.00 and gave the company a “neutral” rating in a report on Friday, July 19th. Finally, Evercore ISI lifted their target price on shares of Netflix from $710.00 to $750.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 27th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $685.45.

Netflix Company 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.