Pacer Advisors Inc. Buys 9,700 Shares of Netflix, Inc. (NASDAQ:NFLX)

Pacer Advisors Inc. increased its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 17.7% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 64,556 shares of the Internet television network’s stock after buying an additional 9,700 shares during the period. Pacer Advisors Inc.’s holdings in Netflix were worth $43,568,000 at the end of the most recent reporting period.

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

Netflix Trading Down 0.5 %

NASDAQ:NFLX opened at $701.03 on Friday. The firm has a market capitalization of $302.14 billion, a P/E ratio of 48.65, a PEG ratio of 1.40 and a beta of 1.26. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.95 and a quick ratio of 0.95. Netflix, Inc. has a one year low of $344.73 and a one year high of $715.66. The company’s 50-day simple moving average is $663.00 and its 200 day simple moving average is $640.85.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results 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. Netflix had a return on equity of 32.93% and a net margin of 19.54%. The firm had revenue of $9.56 billion for the quarter, compared to analysts’ expectations of $9.53 billion. During the same period in the previous year, the firm posted $3.29 EPS. The business’s revenue for the quarter was up 16.8% compared to the same quarter last year. As a group, analysts forecast that Netflix, Inc. will post 19.08 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Leslie J. Kilgore sold 428 shares of the firm’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $715.00, for a total transaction of $306,020.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Leslie J. Kilgore sold 428 shares of the stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $715.00, for a total transaction of $306,020.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider David A. Hyman sold 20,656 shares of the business’s 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 owns 31,610 shares of the company’s stock, valued at $19,128,159.30. The disclosure for this sale can be found here. Over the last three months, insiders have sold 197,226 shares of company stock valued at $129,858,692. 1.76% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on NFLX shares. Citigroup increased their price objective on Netflix from $660.00 to $675.00 and gave the stock a “neutral” rating in a report on Monday, July 22nd. The Goldman Sachs Group raised their price target on Netflix from $650.00 to $659.00 and gave the company a “neutral” rating in a report on Friday, July 19th. TD Cowen raised their price target on Netflix from $725.00 to $775.00 and gave the company a “buy” rating in a research report on Tuesday, July 9th. Redburn Atlantic boosted their target price on Netflix from $740.00 to $760.00 and gave the stock a “buy” rating in a research report on Friday, July 19th. Finally, Bank of America increased their target price on shares of Netflix from $700.00 to $740.00 and gave the company a “buy” rating in a report on Monday, July 15th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-four have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.