Capital CS Group LLC Acquires New Holdings in Netflix, Inc. (NASDAQ:NFLX)

Capital CS Group LLC bought a new position in Netflix, Inc. (NASDAQ:NFLX) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 917 shares of the Internet television network’s stock, valued at approximately $650,000. Netflix accounts for 0.8% of Capital CS Group LLC’s investment portfolio, making the stock its 25th largest holding.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NFLX. Campbell & CO Investment Adviser LLC increased its stake in Netflix by 59.6% during the 4th quarter. Campbell & CO Investment Adviser LLC now owns 1,503 shares of the Internet television network’s stock worth $732,000 after purchasing an additional 561 shares in the last quarter. Exencial Wealth Advisors LLC raised its holdings in shares of Netflix by 33.8% during the fourth quarter. Exencial Wealth Advisors LLC now owns 1,563 shares of the Internet television network’s stock worth $761,000 after acquiring an additional 395 shares during the period. Waterloo Capital L.P. lifted its position in Netflix by 14.3% in the 4th quarter. Waterloo Capital L.P. now owns 1,005 shares of the Internet television network’s stock valued at $489,000 after acquiring an additional 126 shares in the last quarter. Sompo Asset Management Co. Ltd. acquired a new position in Netflix in the 4th quarter worth $876,000. Finally, Scholtz & Company LLC bought a new position in Netflix during the 4th quarter worth about $287,000. 80.93% of the stock is owned by institutional investors.

Netflix Stock Performance

Shares of NFLX stock traded up $12.90 on Friday, hitting $719.70. The company’s stock had a trading volume of 2,230,139 shares, compared to its average volume of 3,674,012. Netflix, Inc. has a fifty-two week low of $344.73 and a fifty-two week high of $725.26. The company has a market capitalization of $310.19 billion, a PE ratio of 49.94, a PEG ratio of 1.44 and a beta of 1.26. The stock’s 50 day moving average is $676.85 and its 200-day moving average is $647.86. 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 (NASDAQ:NFLX) last announced its earnings results on Thursday, July 18th. The Internet television network reported $4.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.74 by $0.14. Netflix had a net margin of 19.54% and a return on equity of 32.93%. The firm had revenue of $9.56 billion for the quarter, compared to analyst estimates of $9.53 billion. During the same quarter in the prior year, the business posted $3.29 EPS. The business’s revenue was up 16.8% compared to the same quarter last year. Equities research analysts expect that Netflix, Inc. will post 19.08 earnings per share for the current fiscal year.

Insider Buying and Selling at Netflix

In other news, CEO Gregory K. Peters sold 1,278 shares of the 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 sale, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at approximately $8,043,019.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Netflix news, CEO Gregory K. Peters sold 4,644 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $700.00, for a total transaction of $3,250,800.00. Following the completion of the transaction, the chief executive officer now directly owns 13,090 shares in the company, valued at $9,163,000. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Gregory K. Peters sold 1,278 shares of the firm’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $614.44, for a total value of $785,254.32. Following the completion of the sale, the chief executive officer now directly owns 13,090 shares in the company, valued at approximately $8,043,019.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 224,784 shares of company stock valued at $150,212,870 in the last three months. Corporate insiders own 1.76% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on NFLX shares. KeyCorp boosted their price target on Netflix from $735.00 to $760.00 and gave the company an “overweight” rating in a report on Tuesday. UBS Group boosted their target price on Netflix from $685.00 to $750.00 and gave the company a “buy” rating in a research note on Friday, July 19th. Needham & Company LLC reaffirmed a “buy” rating and set a $700.00 price target on shares of Netflix in a research note on Friday, July 19th. StockNews.com upgraded shares of Netflix from a “hold” rating to a “buy” rating in a report on Tuesday, September 24th. Finally, Rosenblatt Securities restated a “neutral” rating and set a $635.00 target price on shares of Netflix in a report on Friday, September 20th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $686.03.

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.