455 Shares in Netflix, Inc. (NASDAQ:NFLX) Acquired by Buck Wealth Strategies LLC

Buck Wealth Strategies LLC acquired a new position in shares of Netflix, Inc. (NASDAQ:NFLX) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 455 shares of the Internet television network’s stock, valued at approximately $307,000.

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

Insider Buying and Selling

In related news, Director Jay C. Hoag sold 43,750 shares of the stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $687.07, for a total transaction of $30,059,312.50. Following the sale, the director now owns 95,040 shares in the company, valued at $65,299,132.80. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Netflix news, Director Jay C. Hoag sold 43,750 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $65,299,132.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Gregory K. Peters sold 1,278 shares of the company’s stock in a transaction dated 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 owns 13,090 shares of the company’s stock, valued at approximately $8,043,019.60. The disclosure for this sale can be found here. Insiders have sold a total of 202,020 shares of company stock worth $133,334,342 over the last quarter. 1.76% of the stock is owned by company insiders.

Netflix Stock Performance

Shares of Netflix stock opened at $707.35 on Friday. The firm has a market cap of $304.87 billion, a PE ratio of 49.09, a price-to-earnings-growth ratio of 1.44 and a beta of 1.26. The firm’s 50-day simple moving average is $669.62 and its 200-day simple moving average is $644.66. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.95 and a current ratio of 0.95. Netflix, Inc. has a 1 year low of $344.73 and a 1 year high of $725.26.

Netflix (NASDAQ:NFLX) last released 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 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%. Netflix’s quarterly revenue was up 16.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.29 earnings per share. Equities analysts forecast that Netflix, Inc. will post 19.08 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have weighed in on NFLX. TD Cowen boosted their price target on Netflix from $725.00 to $775.00 and gave the company a “buy” rating in a report on Tuesday, July 9th. Loop Capital boosted their price target on Netflix from $700.00 to $750.00 and gave the company a “buy” rating in a report on Tuesday, June 18th. StockNews.com raised shares of Netflix from a “hold” rating to a “buy” rating in a research note on Tuesday, September 24th. Sanford C. Bernstein boosted their price objective on shares of Netflix from $600.00 to $625.00 and gave the company a “market perform” rating in a research note on Friday, July 19th. Finally, The Goldman Sachs Group boosted their price objective on shares of Netflix from $650.00 to $659.00 and gave the company a “neutral” rating in a research note on Friday, July 19th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus 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.