3,710 Shares in Netflix, Inc. (NASDAQ:NFLX) Acquired by Brookwood Investment Group LLC

Brookwood Investment Group LLC purchased a new stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 3,710 shares of the Internet television network's stock, valued at approximately $3,460,000. Netflix makes up 0.6% of Brookwood Investment Group LLC's investment portfolio, making the stock its 25th biggest holding.

Other hedge funds also recently made changes to their positions in the company. Morling Financial Advisors LLC lifted its stake in Netflix by 39.2% during the first quarter. Morling Financial Advisors LLC now owns 469 shares of the Internet television network's stock worth $437,000 after purchasing an additional 132 shares during the last quarter. Lifeworks Advisors LLC increased its holdings in Netflix by 76.1% during the 1st quarter. Lifeworks Advisors LLC now owns 442 shares of the Internet television network's stock valued at $412,000 after purchasing an additional 191 shares during the period. Journey Strategic Wealth LLC increased its holdings in Netflix by 4.0% during the 1st quarter. Journey Strategic Wealth LLC now owns 2,337 shares of the Internet television network's stock valued at $2,180,000 after purchasing an additional 90 shares during the period. Advisor OS LLC increased its holdings in Netflix by 8.6% during the 1st quarter. Advisor OS LLC now owns 1,094 shares of the Internet television network's stock valued at $1,020,000 after purchasing an additional 87 shares during the period. Finally, SFE Investment Counsel increased its holdings in Netflix by 17.8% during the 1st quarter. SFE Investment Counsel now owns 1,455 shares of the Internet television network's stock valued at $1,357,000 after purchasing an additional 220 shares during the period. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NFLX has been the topic of a number of research analyst reports. BMO Capital Markets restated an "outperform" rating and set a $1,425.00 price target (up previously from $1,200.00) on shares of Netflix in a report on Tuesday, July 15th. Moffett Nathanson restated a "buy" rating and set a $1,150.00 price objective (up previously from $1,100.00) on shares of Netflix in a research report on Friday, April 18th. Oppenheimer raised their price objective on shares of Netflix from $1,200.00 to $1,425.00 and gave the stock an "outperform" rating in a research note on Thursday, June 12th. Guggenheim reissued a "buy" rating and set a $1,150.00 price objective (up from $1,100.00) on shares of Netflix in a report on Friday, April 18th. Finally, UBS Group reissued a "market underperform" rating on shares of Netflix in a report on Saturday, July 19th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $1,297.66.

Insiders Place Their Bets

In other news, Director Reed Hastings sold 9,673 shares of the firm's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $1,329.11, for a total value of $12,856,481.03. Following the transaction, the director owned 394 shares of the company's stock, valued at approximately $523,669.34. This trade represents a 96.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Ann Mather sold 1,090 shares of the business's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $1,250.00, for a total transaction of $1,362,500.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 185,923 shares of company stock valued at $222,445,095. Corporate insiders own 1.37% of the company's stock.

Netflix Stock Performance

Shares of Netflix stock traded down $0.27 on Friday, reaching $1,180.49. 2,624,404 shares of the stock were exchanged, compared to its average volume of 3,928,007. Netflix, Inc. has a 1-year low of $587.04 and a 1-year high of $1,341.15. The company has a current ratio of 1.34, a quick ratio of 1.20 and a debt-to-equity ratio of 0.58. The business has a fifty day moving average price of $1,236.66 and a two-hundred day moving average price of $1,069.32. The firm has a market capitalization of $501.63 billion, a PE ratio of 50.30, a PEG ratio of 1.99 and a beta of 1.59.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, topping the consensus estimate of $7.07 by $0.12. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The company had revenue of $11.08 billion for the quarter, compared to analyst estimates of $11.04 billion. During the same period in the prior year, the business posted $4.88 earnings per share. The firm's revenue for the quarter was up 15.9% compared to the same quarter last year. As a group, research analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal 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.