Netflix, Inc. (NASDAQ:NFLX) Shares Purchased by Hopwood Financial Services Inc.

Key Points

• Hopwood Financial Services Inc. significantly increased its position in Netflix by acquiring 386 shares, raising its total to 402 shares valued at approximately $375,000.
• Netflix's recent earnings report showed EPS of $7.19, exceeding analysts' expectations, and revenue growth of 15.9% year-over-year, totaling $11.08 billion.
• Analysts' ratings for Netflix vary, with three analysts issuing sell ratings, ten a hold, and twenty-three a buy, resulting in a consensus rating of "Moderate Buy" and an average price target of $1,297.66.

Hopwood Financial Services Inc. grew its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 2,412.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 402 shares of the Internet television network's stock after acquiring an additional 386 shares during the quarter. Hopwood Financial Services Inc.'s holdings in Netflix were worth $375,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Moors & Cabot Inc. lifted its position in shares of Netflix by 7.7% in the first quarter. Moors & Cabot Inc. now owns 1,617 shares of the Internet television network's stock valued at $1,508,000 after acquiring an additional 115 shares in the last quarter. Jefferies Financial Group Inc. lifted its position in shares of Netflix by 50.8% in the first quarter. Jefferies Financial Group Inc. now owns 5,910 shares of the Internet television network's stock valued at $5,512,000 after acquiring an additional 1,992 shares in the last quarter. Bank of Jackson Hole Trust lifted its position in shares of Netflix by 800.0% in the first quarter. Bank of Jackson Hole Trust now owns 99 shares of the Internet television network's stock valued at $97,000 after acquiring an additional 88 shares in the last quarter. Howland Capital Management LLC lifted its position in shares of Netflix by 4.1% in the first quarter. Howland Capital Management LLC now owns 2,288 shares of the Internet television network's stock valued at $2,134,000 after acquiring an additional 90 shares in the last quarter. Finally, Nicolet Advisory Services LLC lifted its position in shares of Netflix by 3.2% in the first quarter. Nicolet Advisory Services LLC now owns 1,515 shares of the Internet television network's stock valued at $1,396,000 after acquiring an additional 47 shares in the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Netflix news, Director Strive Masiyiwa sold 290 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $1,336.54, for a total transaction of $387,596.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Spencer Adam Neumann sold 2,601 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $1,307.22, for a total value of $3,400,079.22. Following the sale, the chief financial officer owned 3,691 shares of the company's stock, valued at approximately $4,824,949.02. This trade represents a 41.34% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 123,830 shares of company stock valued at $153,102,930. Company insiders own 1.37% of the company's stock.

Netflix Stock Down 0.1%

Shares of NFLX stock traded down $0.80 during trading hours on Friday, reaching $1,158.60. The company had a trading volume of 3,886,745 shares, compared to its average volume of 3,831,108. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34. Netflix, Inc. has a twelve month low of $587.04 and a twelve month high of $1,341.15. The company has a market capitalization of $492.32 billion, a P/E ratio of 49.37, a price-to-earnings-growth ratio of 1.95 and a beta of 1.59. The stock's fifty day simple moving average is $1,234.32 and its 200 day simple moving average is $1,082.35.

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

Wall Street Analyst Weigh In

NFLX has been the topic of several recent analyst reports. UBS Group reiterated a "market underperform" rating on shares of Netflix in a research report on Saturday, July 19th. Seaport Res Ptn downgraded Netflix from a "strong-buy" rating to a "hold" rating in a research report on Sunday, July 6th. Canaccord Genuity Group reiterated a "buy" rating on shares of Netflix in a research report on Thursday, July 10th. Wells Fargo & Company increased their target price on Netflix from $1,500.00 to $1,560.00 and gave the stock an "overweight" rating in a research 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 research report on Friday, July 18th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $1,297.66.

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.