Tcwp LLC Takes Position in Netflix, Inc. (NASDAQ:NFLX)

Tcwp LLC acquired a new position in Netflix, Inc. (NASDAQ:NFLX) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 320 shares of the Internet television network’s stock, valued at approximately $216,000.

Several other large investors have also recently bought and sold shares of NFLX. M&G Plc bought a new position in Netflix in the first quarter valued at about $9,682,000. BSN CAPITAL PARTNERS Ltd raised its stake in shares of Netflix by 24.4% during the first quarter. BSN CAPITAL PARTNERS Ltd now owns 250,000 shares of the Internet television network’s stock worth $155,185,000 after buying an additional 49,000 shares during the last quarter. Scarborough Advisors LLC acquired a new stake in Netflix during the 4th quarter worth $9,513,000. Scotia Capital Inc. raised its position in shares of Netflix by 9.1% during the 4th quarter. Scotia Capital Inc. now owns 25,351 shares of the Internet television network’s stock valued at $12,343,000 after acquiring an additional 2,110 shares during the last quarter. Finally, Focus Financial Network Inc. ADV bought a new position in shares of Netflix in the 4th quarter worth $3,700,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. raised their target price on Netflix from $650.00 to $750.00 and gave the stock an “overweight” rating in a report on Friday, July 12th. Argus boosted their price objective on shares of Netflix from $660.00 to $767.00 and gave the company a “buy” rating in a report on Tuesday, July 2nd. Jefferies Financial Group upped their target price on shares of Netflix from $655.00 to $780.00 and gave the company a “buy” rating in a research note on Tuesday, July 16th. China Renaissance began coverage on shares of Netflix in a research report on Thursday, September 5th. They issued a “hold” rating and a $680.00 price objective for the company. Finally, TD Cowen increased their price target on Netflix from $725.00 to $775.00 and gave the stock a “buy” rating in a report on Tuesday, July 9th. 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. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $685.29.

Insider Activity

In other Netflix news, Chairman Reed Hastings sold 22,526 shares of Netflix stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $670.49, for a total value of $15,103,457.74. Following the transaction, the chairman now owns 57 shares in the company, valued at $38,217.93. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Chairman Reed Hastings sold 22,526 shares of Netflix stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $670.49, for a total transaction of $15,103,457.74. Following the sale, the chairman now directly owns 57 shares of the company’s stock, valued at $38,217.93. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David A. Hyman sold 20,656 shares of the company’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 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 approximately $19,128,159.30. The disclosure for this sale can be found here. In the last quarter, insiders have sold 197,226 shares of company stock worth $129,858,692. Insiders own 1.76% of the company’s stock.

Netflix Stock Performance

Shares of NASDAQ NFLX opened at $701.03 on Friday. The firm has a market cap of $302.14 billion, a price-to-earnings ratio of 48.65, a P/E/G ratio of 1.40 and a beta of 1.26. Netflix, Inc. has a one year low of $344.73 and a one year high of $715.66. 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 stock’s fifty day moving average price is $663.00 and its two-hundred day moving average price is $640.55.

Netflix (NASDAQ:NFLX) last released its earnings results 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 firm 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 business’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same period last year, the firm earned $3.29 EPS. On average, equities analysts forecast that Netflix, Inc. will post 19.08 EPS 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.