297 Shares in Netflix, Inc. (NASDAQ:NFLX) Purchased by Trust Investment Advisors

Trust Investment Advisors acquired a new position in shares of Netflix, Inc. (NASDAQ:NFLX) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 297 shares of the Internet television network’s stock, valued at approximately $200,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Ieq Capital LLC grew its stake in shares of Netflix by 15.3% during the second quarter. Ieq Capital LLC now owns 53,677 shares of the Internet television network’s stock valued at $36,226,000 after purchasing an additional 7,119 shares during the last quarter. ProVise Management Group LLC lifted its holdings in Netflix by 29.3% during the 2nd quarter. ProVise Management Group LLC now owns 508 shares of the Internet television network’s stock worth $343,000 after buying an additional 115 shares in the last quarter. MRP Capital Investments LLC bought a new position in Netflix in the 2nd quarter valued at $769,000. Intrepid Financial Planning Group LLC acquired a new stake in shares of Netflix in the 2nd quarter valued at $218,000. Finally, Glass Jacobson Investment Advisors llc raised its position in shares of Netflix by 187.6% during the second quarter. Glass Jacobson Investment Advisors llc now owns 440 shares of the Internet television network’s stock worth $297,000 after acquiring an additional 287 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Transactions at Netflix

In related news, insider David A. Hyman sold 20,656 shares of Netflix stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $605.13, for a total value of $12,499,565.28. Following the sale, the insider now owns 31,610 shares of the company’s stock, valued at $19,128,159.30. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, insider David A. Hyman sold 20,656 shares of the firm’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $605.13, for a total value of $12,499,565.28. Following the completion of the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at $19,128,159.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Jay C. Hoag sold 43,750 shares of the company’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $687.07, for a total transaction of $30,059,312.50. Following the sale, the director now directly owns 95,040 shares in the company, valued at $65,299,132.80. The disclosure for this sale can be found here. Insiders sold a total of 196,798 shares of company stock worth $129,552,672 in the last three months. Insiders own 1.76% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Guggenheim raised their price target on Netflix from $700.00 to $735.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. Bank of America raised their target price on shares of Netflix from $700.00 to $740.00 and gave the company a “buy” rating in a research note on Monday, July 15th. TD Cowen boosted their price target on shares of Netflix from $725.00 to $775.00 and gave the stock a “buy” rating in a research note on Tuesday, July 9th. Pivotal Research increased their price objective on shares of Netflix from $800.00 to $900.00 and gave the company a “buy” rating in a report on Friday, August 30th. Finally, Argus lifted their target price on shares of Netflix from $660.00 to $767.00 and gave the stock a “buy” rating in a report on Tuesday, July 2nd. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-four have given a buy rating to the company. Based on data from MarketBeat, Netflix currently has a consensus rating of “Moderate Buy” and an average target price of $685.29.

Netflix Trading Up 2.0 %

NASDAQ NFLX opened at $704.32 on Friday. Netflix, Inc. has a 52 week low of $344.73 and a 52 week high of $715.66. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.95 and a current ratio of 0.95. The stock’s 50 day moving average price is $661.93 and its two-hundred day moving average price is $639.96. The stock has a market capitalization of $303.56 billion, a price-to-earnings ratio of 48.88, a PEG ratio of 1.40 and a beta of 1.26.

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 for the quarter, compared to analyst estimates of $9.53 billion. Netflix had a net margin of 19.54% and a return on equity of 32.93%. The firm’s revenue for the quarter was up 16.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.29 earnings per share. As a group, analysts anticipate that Netflix, Inc. will post 19.08 earnings per share for the current fiscal year.

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.