Intrepid Financial Planning Group LLC Invests $218,000 in Netflix, Inc. (NASDAQ:NFLX)

Intrepid Financial Planning Group LLC acquired a new stake in shares of Netflix, Inc. (NASDAQ:NFLX) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 323 shares of the Internet television network’s stock, valued at approximately $218,000.

Other hedge funds also recently bought and sold shares of the company. Glass Jacobson Investment Advisors llc grew its position in shares of Netflix by 187.6% in the second quarter. Glass Jacobson Investment Advisors llc now owns 440 shares of the Internet television network’s stock valued at $297,000 after purchasing an additional 287 shares in the last quarter. Beck Bode LLC acquired a new position in Netflix during the second quarter worth $11,546,000. Elo Mutual Pension Insurance Co grew its holdings in Netflix by 0.5% in the 2nd quarter. Elo Mutual Pension Insurance Co now owns 40,185 shares of the Internet television network’s stock valued at $27,120,000 after buying an additional 193 shares in the last quarter. Waterloo Capital L.P. grew its holdings in Netflix by 51.2% in the 2nd quarter. Waterloo Capital L.P. now owns 3,273 shares of the Internet television network’s stock valued at $2,209,000 after buying an additional 1,109 shares in the last quarter. Finally, Zega Financial LLC increased its stake in shares of Netflix by 7.4% in the 2nd quarter. Zega Financial LLC now owns 1,556 shares of the Internet television network’s stock worth $1,050,000 after acquiring an additional 107 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Buying and Selling at Netflix

In other news, CFO Spencer Adam Neumann sold 433 shares of the firm’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $626.19, for a total value of $271,140.27. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CFO Spencer Adam Neumann sold 433 shares of the stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $626.19, for a total value of $271,140.27. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Jay C. Hoag sold 43,750 shares of the firm’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $687.07, for a total value of $30,059,312.50. Following the sale, the director now directly owns 95,040 shares in the company, valued at approximately $65,299,132.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 196,798 shares of company stock valued at $129,552,672. Insiders own 1.76% of the company’s stock.

Netflix Price Performance

Shares of NASDAQ NFLX opened at $690.47 on Thursday. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.95 and a quick ratio of 0.95. The company has a market cap of $297.59 billion, a price-to-earnings ratio of 47.92, a price-to-earnings-growth ratio of 1.40 and a beta of 1.26. The stock’s 50-day moving average is $660.90 and its two-hundred day moving average is $639.51. Netflix, Inc. has a 1-year low of $344.73 and a 1-year high of $711.33.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Thursday, July 18th. The Internet television network reported $4.88 EPS for the quarter, topping analysts’ consensus estimates of $4.74 by $0.14. The business had revenue of $9.56 billion during the quarter, compared to the consensus estimate of $9.53 billion. Netflix had a return on equity of 32.93% and a net margin of 19.54%. The business’s revenue for the quarter was up 16.8% on a year-over-year basis. During the same period in the previous year, the company posted $3.29 earnings per share. Analysts forecast that Netflix, Inc. will post 19.08 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on NFLX. Jefferies Financial Group boosted their price target on shares of Netflix from $655.00 to $780.00 and gave the company a “buy” rating in a research report on Tuesday, July 16th. UBS Group boosted their target price on shares of Netflix from $685.00 to $750.00 and gave the company a “buy” rating in a report on Friday, July 19th. Pivotal Research raised their price target on shares of Netflix from $800.00 to $900.00 and gave the stock a “buy” rating in a report on Friday, August 30th. TD Cowen lifted their price target on shares of Netflix from $725.00 to $775.00 and gave the company a “buy” rating in a research report on Tuesday, July 9th. Finally, Piper Sandler increased their price objective on Netflix from $600.00 to $650.00 and gave the stock a “neutral” rating in a research report on Friday, July 19th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $685.29.

Netflix Company 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.