New Century Financial Group LLC Acquires Shares of 967 Netflix, Inc. (NASDAQ:NFLX)

New Century Financial Group LLC bought a new position in Netflix, Inc. (NASDAQ:NFLX) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 967 shares of the Internet television network’s stock, valued at approximately $653,000.

Several other institutional investors and hedge funds have also made changes to their positions in NFLX. Heartland Bank & Trust Co boosted its position in Netflix by 0.9% in the 2nd quarter. Heartland Bank & Trust Co now owns 1,770 shares of the Internet television network’s stock valued at $1,195,000 after buying an additional 15 shares during the period. Obermeyer Wood Investment Counsel Lllp boosted its holdings in shares of Netflix by 2.8% in the first quarter. Obermeyer Wood Investment Counsel Lllp now owns 623 shares of the Internet television network’s stock valued at $378,000 after purchasing an additional 17 shares during the period. Private Portfolio Partners LLC grew its stake in Netflix by 1.7% in the first quarter. Private Portfolio Partners LLC now owns 1,042 shares of the Internet television network’s stock worth $633,000 after purchasing an additional 17 shares in the last quarter. FAS Wealth Partners Inc. increased its holdings in Netflix by 1.5% during the 2nd quarter. FAS Wealth Partners Inc. now owns 1,164 shares of the Internet television network’s stock worth $786,000 after purchasing an additional 17 shares during the period. Finally, Clear Point Advisors Inc. raised its position in Netflix by 3.9% during the 2nd quarter. Clear Point Advisors Inc. now owns 449 shares of the Internet television network’s stock valued at $303,000 after purchasing an additional 17 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors.

Netflix Stock Performance

Shares of NASDAQ NFLX opened at $709.27 on Tuesday. The company has a market capitalization 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. The company’s fifty day moving average price is $670.86 and its 200 day moving average price is $645.58. Netflix, Inc. has a 1 year low of $344.73 and a 1 year high of $725.26.

Netflix (NASDAQ:NFLX) last posted its earnings results on Thursday, July 18th. The Internet television network reported $4.88 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $9.53 billion. During the same period in the prior year, the company posted $3.29 EPS. The company’s revenue for the quarter was up 16.8% on a year-over-year basis. On average, research analysts predict that Netflix, Inc. will post 19.08 earnings per share for the current year.

Insider Buying and Selling at Netflix

In related news, Director Leslie J. Kilgore sold 402 shares of Netflix stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $725.00, for a total value of $291,450.00. Following the sale, the director now owns 35,262 shares of the company’s stock, valued at approximately $25,564,950. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Netflix news, insider David A. Hyman sold 20,656 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $605.13, for a total transaction of $12,499,565.28. Following the completion of the sale, the insider now directly owns 31,610 shares in the company, valued at approximately $19,128,159.30. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Leslie J. Kilgore sold 402 shares of the firm’s stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $725.00, for a total value of $291,450.00. Following the completion of the transaction, the director now owns 35,262 shares in the company, valued at approximately $25,564,950. The disclosure for this sale can be found here. Over the last three months, insiders have sold 179,494 shares of company stock valued at $118,230,884. Company insiders own 1.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on NFLX shares. Morgan Stanley raised their price target on Netflix from $700.00 to $780.00 and gave the company an “overweight” rating in a research note on Monday, July 15th. Jefferies Financial Group raised their target price on shares of Netflix from $655.00 to $780.00 and gave the company a “buy” rating in a research report on Tuesday, July 16th. JPMorgan Chase & Co. upped their price target 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. Rosenblatt Securities reaffirmed a “neutral” rating and set a $635.00 target price on shares of Netflix in a research report on Friday, September 20th. Finally, China Renaissance started coverage on shares of Netflix in a report on Thursday, September 5th. They issued a “hold” rating and a $680.00 target price for the company. 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 MarketBeat.com, Netflix presently has a consensus rating of “Moderate Buy” and an average price target 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.