Netflix, Inc. (NASDAQ:NFLX) Shares Bought by Bradley Foster & Sargent Inc. CT

Bradley Foster & Sargent Inc. CT lifted its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 55.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,556 shares of the Internet television network’s stock after buying an additional 553 shares during the quarter. Bradley Foster & Sargent Inc. CT’s holdings in Netflix were worth $1,050,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Axxcess Wealth Management LLC lifted its holdings in Netflix by 11.6% during the 2nd quarter. Axxcess Wealth Management LLC now owns 25,700 shares of the Internet television network’s stock worth $17,344,000 after buying an additional 2,681 shares during the last quarter. Fairway Wealth LLC raised its position in shares of Netflix by 23.3% during the 2nd quarter. Fairway Wealth LLC now owns 249 shares of the Internet television network’s stock worth $168,000 after acquiring an additional 47 shares in the last quarter. Abbot Financial Management Inc. lifted its stake in Netflix by 13.9% during the second quarter. Abbot Financial Management Inc. now owns 1,141 shares of the Internet television network’s stock worth $770,000 after purchasing an additional 139 shares during the last quarter. Perennial Investment Advisors LLC boosted its holdings in Netflix by 3.9% in the second quarter. Perennial Investment Advisors LLC now owns 1,358 shares of the Internet television network’s stock valued at $916,000 after purchasing an additional 51 shares in the last quarter. Finally, Pitti Group Wealth Management LLC increased its stake in Netflix by 12.4% in the second quarter. Pitti Group Wealth Management LLC now owns 2,647 shares of the Internet television network’s stock valued at $1,786,000 after purchasing an additional 291 shares during the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on NFLX. Citigroup boosted their price objective on shares of Netflix from $660.00 to $675.00 and gave the stock a “neutral” rating in a research report on Monday, July 22nd. China Renaissance assumed coverage on shares of Netflix in a research report on Thursday, September 5th. They issued a “hold” rating and a $680.00 price target for the company. Redburn Atlantic raised their price objective on Netflix from $740.00 to $760.00 and gave the stock a “buy” rating in a report on Friday, July 19th. Oppenheimer reissued an “outperform” rating and issued a $725.00 target price on shares of Netflix in a report on Tuesday, July 30th. Finally, Rosenblatt Securities raised their price target on Netflix from $554.00 to $635.00 and gave the stock a “neutral” rating in a research note on Friday, July 19th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $685.29.

Netflix Stock Performance

Shares of NFLX stock opened at $704.32 on Friday. 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 has a market cap of $303.56 billion, a PE ratio of 48.88, a P/E/G ratio of 1.40 and a beta of 1.26. Netflix, Inc. has a 1 year low of $344.73 and a 1 year high of $715.66. The stock has a fifty day moving average price of $661.93 and a 200 day moving average price of $639.96.

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

Insider Buying and Selling at Netflix

In related news, insider David A. Hyman sold 20,656 shares of Netflix stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $605.13, for a total transaction of $12,499,565.28. Following the completion of the transaction, the insider now directly owns 31,610 shares in the company, valued at approximately $19,128,159.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Netflix news, insider David A. Hyman sold 13,791 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $700.00, for a total transaction of $9,653,700.00. Following the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at approximately $22,127,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David A. Hyman sold 20,656 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $605.13, for a total transaction 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 approximately $19,128,159.30. The disclosure for this sale can be found here. Insiders have sold 196,798 shares of company stock valued at $129,552,672 over the last quarter. Corporate insiders own 1.76% of the company’s stock.

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.