Morse Asset Management Inc Has $4.54 Million Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Morse Asset Management Inc grew its stake in Netflix, Inc. (NASDAQ:NFLX) by 7.1% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,727 shares of the Internet television network’s stock after buying an additional 444 shares during the quarter. Morse Asset Management Inc’s holdings in Netflix were worth $4,540,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Obermeyer Wood Investment Counsel Lllp increased its holdings in Netflix by 2.8% during the 1st quarter. Obermeyer Wood Investment Counsel Lllp now owns 623 shares of the Internet television network’s stock worth $378,000 after purchasing an additional 17 shares in the last quarter. Private Portfolio Partners LLC grew its holdings in shares of Netflix by 1.7% during the first quarter. Private Portfolio Partners LLC now owns 1,042 shares of the Internet television network’s stock worth $633,000 after buying an additional 17 shares in the last quarter. FAS Wealth Partners Inc. raised its position in Netflix by 1.5% in the 2nd quarter. FAS Wealth Partners Inc. now owns 1,164 shares of the Internet television network’s stock valued at $786,000 after buying an additional 17 shares during the last quarter. Capital Advisors Ltd. LLC lifted its stake in Netflix by 4.6% in the 1st quarter. Capital Advisors Ltd. LLC now owns 411 shares of the Internet television network’s stock valued at $250,000 after acquiring an additional 18 shares in the last quarter. Finally, Howard Wealth Management LLC boosted its position in Netflix by 2.4% during the 1st quarter. Howard Wealth Management LLC now owns 777 shares of the Internet television network’s stock worth $472,000 after acquiring an additional 18 shares during the last quarter. Institutional investors own 80.93% of the company’s stock.

Netflix Stock Performance

NASDAQ:NFLX opened at $701.03 on Monday. The company has a market cap of $302.14 billion, a price-to-earnings ratio of 48.65, a PEG ratio of 1.40 and a beta of 1.26. Netflix, Inc. has a fifty-two week low of $344.73 and a fifty-two week high of $715.66. 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 fifty day moving average price of $663.00 and a 200-day moving average price of $641.15.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Thursday, July 18th. The Internet television network reported $4.88 EPS for the quarter, beating analysts’ consensus estimates of $4.74 by $0.14. The business had revenue of $9.56 billion during 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%. Netflix’s revenue for the quarter was up 16.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.29 earnings per share. As a group, equities analysts anticipate that Netflix, Inc. will post 19.08 EPS for the current fiscal year.

Insider Transactions 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 shares were sold at an average price of $605.13, for a total value of $12,499,565.28. Following the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at $19,128,159.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, 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 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Jay C. Hoag sold 43,750 shares of the stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $687.07, for a total value of $30,059,312.50. Following the completion of the transaction, the director now owns 95,040 shares of the company’s stock, valued at $65,299,132.80. The disclosure for this sale can be found here. In the last 90 days, insiders sold 197,226 shares of company stock valued at $129,858,692. Company insiders own 1.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on NFLX shares. Redburn Atlantic lifted their price objective on shares of Netflix from $740.00 to $760.00 and gave the company a “buy” rating in a report on Friday, July 19th. Evercore ISI boosted their price target on shares of Netflix from $710.00 to $750.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 27th. KeyCorp raised their price objective on Netflix from $707.00 to $735.00 and gave the company an “overweight” rating in a report on Wednesday, July 10th. UBS Group upped their target price on Netflix from $685.00 to $750.00 and gave the stock a “buy” rating in a report on Friday, July 19th. Finally, StockNews.com upgraded Netflix from a “hold” rating to a “buy” rating in a research note on Sunday, September 15th. One equities 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’s stock. According to data from MarketBeat.com, Netflix presently has a consensus rating of “Moderate Buy” and an average price target 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.