Ranch Capital Advisors Inc. Grows Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Key Points

• Ranch Capital Advisors Inc. increased its stake in Netflix by 145.0%, owning 691 shares valued at approximately $644,000 as of its latest SEC filing.
• Insider trading at Netflix saw CFO Spencer Adam Neumann and Director Bradford L. Smith sell significant amounts of stock, with Neumann's sale reducing his holdings by 41.34%.
• Several analysts raised their price targets for Netflix's shares, with estimates ranging from $1,150.00 to $1,500.00, reflecting a positive outlook for the company's performance.

Ranch Capital Advisors Inc. raised its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 145.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 691 shares of the Internet television network's stock after buying an additional 409 shares during the period. Ranch Capital Advisors Inc.'s holdings in Netflix were worth $644,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in NFLX. Brighton Jones LLC boosted its position in Netflix by 5.0% in the 4th quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network's stock valued at $4,804,000 after buying an additional 257 shares during the period. Revolve Wealth Partners LLC lifted its position in shares of Netflix by 16.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network's stock worth $912,000 after purchasing an additional 144 shares during the period. BIP Wealth LLC lifted its position in shares of Netflix by 23.8% in the 4th quarter. BIP Wealth LLC now owns 453 shares of the Internet television network's stock worth $403,000 after purchasing an additional 87 shares during the period. OLD Mission Capital LLC purchased a new stake in shares of Netflix in the 4th quarter worth approximately $361,000. Finally, Titleist Asset Management LLC lifted its position in shares of Netflix by 22.4% in the 4th quarter. Titleist Asset Management LLC now owns 491 shares of the Internet television network's stock worth $438,000 after purchasing an additional 90 shares during the period. 80.93% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Netflix

In other Netflix news, CFO Spencer Adam Neumann sold 2,601 shares of the stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $1,211.67, for a total transaction of $3,151,553.67. Following the sale, the chief financial officer directly owned 3,691 shares of the company's stock, valued at approximately $4,472,273.97. This trade represents a 41.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Bradford L. Smith sold 3,919 shares of Netflix stock in a transaction dated Monday, May 12th. The shares were 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 $8,959,227.94. The trade was a 32.97% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 146,483 shares of company stock valued at $179,492,976. Company insiders own 1.37% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on NFLX. JPMorgan Chase & Co. upped their price target on shares of Netflix from $1,230.00 to $1,300.00 and gave the stock a "neutral" rating in a research report on Friday, July 18th. Piper Sandler upped their price target on shares of Netflix from $1,400.00 to $1,500.00 and gave the stock an "overweight" rating in a research report on Friday, July 18th. Loop Capital reaffirmed a "hold" rating on shares of Netflix in a research report on Tuesday, July 15th. Oppenheimer upped their price target on shares of Netflix from $1,200.00 to $1,425.00 and gave the stock an "outperform" rating in a research report on Thursday, June 12th. Finally, Guggenheim reaffirmed a "buy" rating and issued a $1,150.00 price target (up previously from $1,100.00) on shares of Netflix in a research report on Friday, April 18th. Three analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $1,297.66.

Netflix Price Performance

Shares of NASDAQ NFLX opened at $1,170.99 on Tuesday. Netflix, Inc. has a 52 week low of $587.04 and a 52 week high of $1,341.15. The business's 50 day moving average price is $1,234.03 and its 200 day moving average price is $1,087.86. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58. The firm has a market cap of $497.59 billion, a P/E ratio of 49.89, 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 data on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, beating the consensus estimate of $7.07 by $0.12. The business had revenue of $11.08 billion during the quarter, compared to analysts' expectations of $11.04 billion. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The business's quarterly revenue was up 15.9% compared to the same quarter last year. During the same period in the previous year, the business posted $4.88 EPS. On average, sell-side analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current 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.

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