Waters Parkerson & CO. LLC Boosts Holdings in Netflix, Inc. (NASDAQ:NFLX)

Waters Parkerson & CO. LLC grew its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 106.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,324 shares of the Internet television network’s stock after purchasing an additional 684 shares during the period. Waters Parkerson & CO. LLC’s holdings in Netflix were worth $894,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Callan Capital LLC grew its holdings in shares of Netflix by 2.2% during the 2nd quarter. Callan Capital LLC now owns 2,876 shares of the Internet television network’s stock worth $1,941,000 after acquiring an additional 62 shares during the period. Promethos Capital LLC purchased a new stake in Netflix in the second quarter worth $4,862,000. Davidson Capital Management Inc. raised its holdings in Netflix by 35,392.3% in the second quarter. Davidson Capital Management Inc. now owns 4,614 shares of the Internet television network’s stock worth $3,114,000 after purchasing an additional 4,601 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its position in Netflix by 9.1% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 9,227 shares of the Internet television network’s stock valued at $6,228,000 after buying an additional 766 shares during the period. Finally, Trust Investment Advisors bought a new stake in shares of Netflix during the 2nd quarter valued at $200,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Insider Buying and Selling

In other Netflix news, Director Jay C. Hoag sold 43,750 shares of the stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $687.07, for a total transaction of $30,059,312.50. Following the completion of the sale, the director now directly owns 95,040 shares of the company’s stock, valued at approximately $65,299,132.80. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director Leslie J. Kilgore sold 1,372 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $704.81, for a total transaction of $966,999.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jay C. Hoag sold 43,750 shares of Netflix stock in a transaction that occurred on 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 completion of 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. Corporate insiders own 1.76% of the company’s stock.

Netflix Price Performance

NASDAQ NFLX opened at $704.32 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.55. Netflix, Inc. has a 12 month low of $344.73 and a 12 month high of $715.66. The stock has a market cap of $303.56 billion, a price-to-earnings ratio of 48.88, a PEG ratio of 1.40 and a beta of 1.26. The company’s 50 day moving average is $661.93 and its two-hundred day moving average is $639.96.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Thursday, July 18th. The Internet television network reported $4.88 EPS for the quarter, beating the consensus estimate of $4.74 by $0.14. The business had revenue of $9.56 billion for 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 was up 16.8% on a year-over-year basis. During the same period in the previous year, the business earned $3.29 earnings per share. As a group, research analysts anticipate that Netflix, Inc. will post 19.08 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Citigroup lifted their price target on shares of Netflix from $660.00 to $675.00 and gave the company a “neutral” rating in a research report on Monday, July 22nd. StockNews.com upgraded shares of Netflix from a “hold” rating to a “buy” rating in a report on Sunday, September 15th. Redburn Atlantic upped their price target on Netflix from $740.00 to $760.00 and gave the stock a “buy” rating in a research note on Friday, July 19th. Sanford C. Bernstein lifted their price objective on Netflix from $600.00 to $625.00 and gave the company a “market perform” rating in a research note on Friday, July 19th. Finally, Oppenheimer reissued an “outperform” rating and issued a $725.00 target price on shares of Netflix in a research note on Tuesday, July 30th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $685.29.

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.