Endeavor Private Wealth Inc. Acquires New Shares in Netflix, Inc. (NASDAQ:NFLX)

Key Points

• Endeavor Private Wealth Inc. purchased 370 shares of Netflix, valued at approximately $345,000, as indicated in their recent SEC filing.
• Institutional investors and hedge funds now own 80.93% of Netflix's stock, reflecting significant interest from large investors.
• Netflix's stock has received varied analyst ratings, with a consensus price target of $1,297.66 and a majority of analysts rating it as a "Moderate Buy."

Endeavor Private Wealth Inc. bought a new position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 370 shares of the Internet television network's stock, valued at approximately $345,000.

Other hedge funds have also recently bought and sold shares of the company. Halbert Hargrove Global Advisors LLC increased its stake in shares of Netflix by 100.0% in the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock worth $25,000 after purchasing an additional 13 shares during the period. Brown Shipley& Co Ltd acquired a new stake in Netflix in the 4th quarter valued at approximately $27,000. Transce3nd LLC bought a new position in Netflix in the 4th quarter worth approximately $32,000. Copia Wealth Management bought a new position in Netflix in the 4th quarter worth approximately $37,000. Finally, Stuart Chaussee & Associates Inc. lifted its holdings in shares of Netflix by 4,500.0% during the fourth 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 during the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on NFLX. Seaport Res Ptn cut shares of Netflix from a "strong-buy" rating to a "hold" rating in a research note on Sunday, July 6th. Barclays restated a "sell" rating and set a $1,100.00 price objective (up previously from $1,000.00) on shares of Netflix in a report on Wednesday, July 9th. Morgan Stanley reiterated an "equal weight" rating on shares of Netflix in a research note on Monday, July 21st. KeyCorp boosted their price target on Netflix from $1,070.00 to $1,390.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. Finally, Evercore ISI reaffirmed an "outperform" rating on shares of Netflix in a report on Thursday, May 15th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Netflix presently has an average rating of "Moderate Buy" and a consensus price target of $1,297.66.

Insider Activity

In other news, Director Jay C. Hoag sold 31,750 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $1,252.35, for a total value of $39,762,112.50. Following the completion of the transaction, the director directly owned 63,040 shares in the company, valued at approximately $78,948,144. This trade represents a 33.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Jeffrey William Karbowski sold 620 shares of the business's stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $1,286.84, for a total transaction of $797,840.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 123,830 shares of company stock valued at $153,102,930. 1.37% of the stock is currently owned by insiders.

Netflix Stock Down 0.1%

Netflix stock opened at $1,158.60 on Friday. The firm has a 50 day simple moving average of $1,234.32 and a 200 day simple moving average of $1,082.35. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58. Netflix, Inc. has a 1-year low of $587.04 and a 1-year high of $1,341.15. The firm has a market capitalization of $492.32 billion, a price-to-earnings ratio of 49.37, a P/E/G ratio of 1.95 and a beta of 1.59.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, beating the consensus estimate of $7.07 by $0.12. Netflix had a return on equity of 42.50% and a net margin of 24.58%. The company had revenue of $11.08 billion during the quarter, compared to analysts' expectations of $11.04 billion. During the same period in the previous year, the business earned $4.88 earnings per share. The firm's quarterly revenue was up 15.9% compared to the same quarter last year. On average, analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current year.

About Netflix

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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