Benjamin Edwards Inc. raised its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 2.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,588 shares of the Internet television network's stock after purchasing an additional 264 shares during the period. Benjamin Edwards Inc.'s holdings in Netflix were worth $10,807,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Halbert Hargrove Global Advisors LLC boosted its holdings in Netflix by 100.0% in the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock valued at $25,000 after acquiring an additional 13 shares during the last quarter. Brown Shipley& Co Ltd bought a new position in shares of Netflix during the 4th quarter worth approximately $27,000. Transce3nd LLC bought a new position in shares of Netflix during the 4th quarter worth approximately $32,000. Copia Wealth Management bought a new position in shares of Netflix during the 4th quarter worth approximately $37,000. Finally, Stuart Chaussee & Associates Inc. boosted its holdings in shares of Netflix by 4,500.0% during the 4th quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock worth $41,000 after buying an additional 45 shares in the last quarter. Institutional investors own 80.93% of the company's stock.
Netflix Stock Performance
NFLX traded up $6.67 during trading hours on Monday, hitting $1,218.31. The stock had a trading volume of 2,452,502 shares, compared to its average volume of 4,215,309. The company's fifty day simple moving average is $1,232.25 and its 200 day simple moving average is $1,095.21. Netflix, Inc. has a 1 year low of $627.07 and a 1 year high of $1,341.15. The stock has a market cap of $517.69 billion, a PE ratio of 51.91, a price-to-earnings-growth ratio of 2.04 and a beta of 1.59. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58.
Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, topping analysts' consensus estimates of $7.07 by $0.12. The firm had revenue of $11.08 billion during the quarter, compared to analyst estimates of $11.04 billion. Netflix had a return on equity of 42.50% and a net margin of 24.58%. The business's revenue for the quarter was up 15.9% on a year-over-year basis. During the same period last year, the company earned $4.88 earnings per share. Equities analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current year.
Wall Street Analysts Forecast Growth
NFLX has been the topic of a number of research analyst reports. The Goldman Sachs Group increased their price target on Netflix from $1,000.00 to $1,140.00 and gave the stock a "neutral" rating in a report on Wednesday, July 2nd. Loop Capital restated a "hold" rating on shares of Netflix in a report on Tuesday, July 15th. Morgan Stanley restated an "equal weight" rating on shares of Netflix in a report on Monday, July 21st. JPMorgan Chase & Co. increased their target price on Netflix from $1,230.00 to $1,300.00 and gave the stock a "neutral" rating in a report on Friday, July 18th. Finally, Rosenblatt Securities increased their target price on Netflix from $1,514.00 to $1,515.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Netflix has a consensus rating of "Moderate Buy" and an average target price of $1,297.66.
View Our Latest Analysis on Netflix
Insider Activity
In other news, CEO Gregory K. Peters sold 2,026 shares of the stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $1,157.44, for a total value of $2,344,973.44. Following the transaction, the chief executive officer owned 12,781 shares of the company's stock, valued at $14,793,240.64. This represents a 13.68% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Spencer Adam Neumann sold 2,601 shares of Netflix stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $1,307.22, for a total transaction of $3,400,079.22. Following the sale, the chief financial officer directly owned 3,691 shares of the company's stock, valued at $4,824,949.02. This represents a 41.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 146,307 shares of company stock worth $179,443,809 in the last three months. Insiders own 1.37% of the company's stock.
Netflix Company Profile
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Free Report)
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.
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