Crossmark Global Holdings Inc. Raises Holdings in Netflix, Inc. (NASDAQ:NFLX)

Crossmark Global Holdings Inc. raised its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 6.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,074 shares of the Internet television network's stock after acquiring an additional 1,051 shares during the period. Crossmark Global Holdings Inc.'s holdings in Netflix were worth $16,855,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Halbert Hargrove Global Advisors LLC raised its holdings in Netflix by 100.0% in the 1st 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 in the last quarter. Brown Shipley& Co Ltd acquired a new position in Netflix in the 4th quarter valued at $27,000. Transce3nd LLC acquired a new position in shares of Netflix during the 4th quarter worth $32,000. Copia Wealth Management acquired a new position in shares of Netflix during the 4th quarter worth $37,000. Finally, Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Netflix during the 1st quarter worth $42,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Netflix Stock Up 0.1%

NASDAQ:NFLX traded up $1.64 on Wednesday, hitting $1,276.95. The stock had a trading volume of 1,158,047 shares, compared to its average volume of 3,755,323. The business's fifty day moving average is $1,214.45 and its 200 day moving average is $1,042.85. The company has a market cap of $543.43 billion, a PE ratio of 60.38, a P/E/G ratio of 2.34 and a beta of 1.59. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.58. Netflix, Inc. has a 52 week low of $587.04 and a 52 week high of $1,341.15.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.74 by $0.87. Netflix had a return on equity of 39.61% and a net margin of 23.07%. The business had revenue of $10.54 billion during the quarter, compared to the consensus estimate of $10.51 billion. During the same quarter in the prior year, the company posted $8.28 earnings per share. On average, equities research analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insiders Place Their Bets

In other Netflix news, Director Bradford L. Smith sold 3,919 shares of the business's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $1,124.26, for a total value of $4,405,974.94. Following the transaction, the director owned 7,969 shares of the company's stock, valued at approximately $8,959,227.94. The trade was a 32.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Spencer Adam Neumann sold 2,601 shares of the business's stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $1,132.38, for a total value of $2,945,320.38. Following the completion of the transaction, the chief financial officer directly owned 3,691 shares in the company, valued at approximately $4,179,614.58. This represents a 41.34% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 186,723 shares of company stock worth $223,307,201 in the last ninety days. Company insiders own 1.37% of the company's stock.

Analyst Ratings Changes

NFLX has been the subject of a number of research analyst reports. The Goldman Sachs Group boosted 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. Jefferies Financial Group boosted their price target on Netflix from $1,200.00 to $1,400.00 and gave the stock a "buy" rating in a report on Tuesday, June 3rd. Moffett Nathanson reissued a "buy" rating and set a $1,150.00 price target (up previously from $1,100.00) on shares of Netflix in a report on Friday, April 18th. Wolfe Research set a $1,340.00 price target on Netflix and gave the stock an "outperform" rating in a report on Friday, May 16th. Finally, Canaccord Genuity Group boosted their price target on Netflix from $1,380.00 to $1,525.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,185.61.

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.