Marietta Investment Partners LLC Has $611,000 Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Marietta Investment Partners LLC grew its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 151.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 905 shares of the Internet television network’s stock after acquiring an additional 545 shares during the period. Marietta Investment Partners LLC’s holdings in Netflix were worth $611,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of NFLX. Wellington Management Group LLP lifted its position in Netflix by 540.9% during the fourth quarter. Wellington Management Group LLP now owns 3,878,785 shares of the Internet television network’s stock worth $1,888,503,000 after acquiring an additional 3,273,592 shares during the last quarter. GQG Partners LLC acquired a new stake in Netflix during the first quarter worth approximately $1,450,476,000. Jennison Associates LLC lifted its position in Netflix by 17.0% during the first quarter. Jennison Associates LLC now owns 6,381,464 shares of the Internet television network’s stock worth $3,875,655,000 after acquiring an additional 929,193 shares during the last quarter. Global Assets Advisory LLC acquired a new stake in Netflix during the first quarter worth approximately $436,514,000. Finally, Jericho Capital Asset Management L.P. acquired a new stake in Netflix during the first quarter worth approximately $372,293,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Netflix

In related news, Director Leslie J. Kilgore sold 428 shares of the business’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $715.00, for a total value of $306,020.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Chairman Reed Hastings sold 22,526 shares of the company’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $670.49, for a total transaction of $15,103,457.74. Following the transaction, the chairman now owns 57 shares in the company, valued at $38,217.93. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Leslie J. Kilgore sold 428 shares of the company’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $715.00, for a total transaction of $306,020.00. The disclosure for this sale can be found here. Insiders have sold a total of 197,226 shares of company stock worth $129,858,692 over the last quarter. Company insiders own 1.76% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on NFLX shares. Pivotal Research raised their price objective on shares of Netflix from $800.00 to $900.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. 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. Needham & Company LLC reiterated a “buy” rating and issued a $700.00 price target on shares of Netflix in a research report on Friday, July 19th. China Renaissance began coverage on shares of Netflix in a research note on Thursday, September 5th. They issued a “hold” rating and a $680.00 price objective on the stock. Finally, Rosenblatt Securities reissued a “neutral” rating and issued a $635.00 price objective on shares of Netflix in a research note on Friday. One research 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 data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $685.29.

Netflix Stock Performance

Shares of Netflix stock opened at $701.03 on Monday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.55. Netflix, Inc. has a twelve month low of $344.73 and a twelve month high of $715.66. The stock 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. The company’s fifty day moving average is $663.00 and its 200 day moving average is $641.15.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Thursday, July 18th. The Internet television network reported $4.88 earnings per share for the quarter, topping the consensus estimate of $4.74 by $0.14. The company had revenue of $9.56 billion for the quarter, compared to analysts’ expectations of $9.53 billion. Netflix had a net margin of 19.54% and a return on equity of 32.93%. Netflix’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. Sell-side 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.