Certified Advisory Corp Boosts Holdings in Netflix, Inc. (NASDAQ:NFLX)

Certified Advisory Corp lifted its stake in Netflix, Inc. (NASDAQ:NFLX) by 7.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,156 shares of the Internet television network’s stock after purchasing an additional 80 shares during the period. Certified Advisory Corp’s holdings in Netflix were worth $780,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of Netflix by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 36,587,911 shares of the Internet television network’s stock worth $22,220,936,000 after purchasing an additional 149,341 shares during the period. Capital World Investors lifted its position in shares of Netflix by 0.7% in the 4th quarter. Capital World Investors now owns 11,744,636 shares of the Internet television network’s stock worth $5,718,265,000 after purchasing an additional 78,320 shares during the period. Jennison Associates LLC lifted its position in shares of Netflix by 17.0% in the 1st quarter. Jennison Associates LLC now owns 6,381,464 shares of the Internet television network’s stock worth $3,875,655,000 after purchasing an additional 929,193 shares during the period. Baillie Gifford & Co. lifted its position in shares of Netflix by 2.3% in the 2nd quarter. Baillie Gifford & Co. now owns 4,762,069 shares of the Internet television network’s stock worth $3,213,825,000 after purchasing an additional 106,756 shares during the period. Finally, Fisher Asset Management LLC lifted its position in shares of Netflix by 1.8% in the 4th quarter. Fisher Asset Management LLC now owns 4,115,613 shares of the Internet television network’s stock worth $2,003,810,000 after purchasing an additional 72,807 shares during the period. 80.93% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Netflix

In other Netflix news, Chairman Reed Hastings sold 22,526 shares of Netflix stock in a transaction that occurred on 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 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 available through the SEC website. In other news, Chairman Reed Hastings sold 22,526 shares of the business’s stock in a transaction on Monday, July 1st. The shares were 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 of the company’s stock, valued at $38,217.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Gregory K. Peters sold 1,278 shares of the business’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $614.44, for a total transaction of $785,254.32. Following the completion of the transaction, the chief executive officer now directly owns 13,090 shares in the company, valued at approximately $8,043,019.60. The disclosure for this sale can be found here. Insiders have sold 197,226 shares of company stock valued at $129,858,692 over the last 90 days. 1.76% of the stock is currently owned by corporate insiders.

Netflix Price Performance

Shares of NASDAQ:NFLX opened at $705.37 on Tuesday. 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 1-year low of $344.73 and a 1-year high of $715.66. The company has a market capitalization of $304.01 billion, a P/E ratio of 48.95, a P/E/G ratio of 1.40 and a beta of 1.26. The firm’s 50 day simple moving average is $663.97 and its two-hundred day simple moving average is $641.83.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Thursday, July 18th. The Internet television network reported $4.88 earnings per share for the quarter, beating the consensus estimate of $4.74 by $0.14. Netflix had a net margin of 19.54% and a return on equity of 32.93%. The business had revenue of $9.56 billion for the quarter, compared to the consensus estimate of $9.53 billion. During the same quarter in the previous year, the firm earned $3.29 earnings per share. The company’s revenue for the quarter was up 16.8% on a year-over-year basis. Research analysts expect that Netflix, Inc. will post 19.08 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently issued reports on NFLX shares. JPMorgan Chase & Co. increased their price target on shares of Netflix from $650.00 to $750.00 and gave the stock an “overweight” rating in a research note on Friday, July 12th. Pivotal Research increased their price target on shares of Netflix from $800.00 to $900.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Jefferies Financial Group increased their price target on shares of Netflix from $655.00 to $780.00 and gave the stock a “buy” rating in a research note on Tuesday, July 16th. China Renaissance started coverage on shares of Netflix in a research note on Thursday, September 5th. They issued a “hold” rating and a $680.00 price target for the company. Finally, Loop Capital increased their price target on shares of Netflix from $700.00 to $750.00 and gave the stock a “buy” rating in a research note on Tuesday, June 18th. One research 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 company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $685.29.

About Netflix

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.