Ted Buchan & Co Acquires New Shares in Netflix, Inc. (NASDAQ:NFLX)

Ted Buchan & Co acquired a new stake in Netflix, Inc. (NASDAQ:NFLX) in the second quarter, according to its most recent filing with the SEC. The fund acquired 1,616 shares of the Internet television network’s stock, valued at approximately $1,091,000.

A number of other hedge funds have also bought and sold shares of the business. Denver PWM LLC purchased a new position in shares of Netflix during the 2nd quarter valued at $25,000. Valued Wealth Advisors LLC grew its position in shares of Netflix by 80.0% during the 1st quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock valued at $27,000 after purchasing an additional 20 shares in the last quarter. VitalStone Financial LLC grew its position in shares of Netflix by 933.3% during the 4th quarter. VitalStone Financial LLC now owns 62 shares of the Internet television network’s stock valued at $30,000 after purchasing an additional 56 shares in the last quarter. Beaird Harris Wealth Management LLC grew its position in shares of Netflix by 1,550.0% during the 4th quarter. Beaird Harris Wealth Management LLC now owns 66 shares of the Internet television network’s stock valued at $32,000 after purchasing an additional 62 shares in the last quarter. Finally, Scarborough Advisors LLC purchased a new position in shares of Netflix during the 4th quarter valued at $32,000. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on NFLX shares. Sanford C. Bernstein boosted their price target on shares of Netflix from $600.00 to $625.00 and gave the company a “market perform” rating in a research report on Friday, July 19th. UBS Group upped their target price on shares of Netflix from $685.00 to $750.00 and gave the stock a “buy” rating in a research report on Friday, July 19th. Guggenheim upped their target price on shares of Netflix from $700.00 to $735.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. Macquarie reiterated an “outperform” rating and issued a $685.00 target price on shares of Netflix in a research report on Tuesday, July 16th. Finally, JPMorgan Chase & Co. upped their target price on shares of Netflix from $650.00 to $750.00 and gave the stock an “overweight” rating in a research report on Friday, July 12th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $685.29.

Insider Activity

In other news, CFO Spencer Adam Neumann sold 433 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $626.19, for a total transaction of $271,140.27. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director Leslie J. Kilgore sold 402 shares of the firm’s stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $725.00, for a total transaction of $291,450.00. Following the sale, the director now directly owns 35,262 shares in the company, valued at approximately $25,564,950. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Spencer Adam Neumann sold 433 shares of the firm’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $626.19, for a total transaction of $271,140.27. The disclosure for this sale can be found here. Insiders have sold a total of 179,494 shares of company stock worth $118,230,884 over the last 90 days. 1.76% of the stock is currently owned by insiders.

Netflix Price Performance

Shares of NFLX opened at $709.27 on Tuesday. The stock has a market cap of $305.70 billion, a PE ratio of 49.22, a price-to-earnings-growth ratio of 1.44 and a beta of 1.26. 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 fifty-two week low of $344.73 and a fifty-two week high of $725.26. The firm’s 50-day simple moving average is $670.86 and its two-hundred day simple moving average is $645.58.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Thursday, July 18th. The Internet television network reported $4.88 earnings per share for the quarter, topping analysts’ consensus estimates of $4.74 by $0.14. The business 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%. The business’s revenue was up 16.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.29 earnings per share. Analysts anticipate that Netflix, Inc. will post 19.08 earnings per share for the current fiscal year.

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.