SRS Capital Advisors Inc. Raises Stake in Netflix, Inc. (NASDAQ:NFLX)

SRS Capital Advisors Inc. increased its stake in Netflix, Inc. (NASDAQ:NFLX) by 22.8% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 1,092 shares of the Internet television network’s stock after acquiring an additional 203 shares during the quarter. SRS Capital Advisors Inc.’s holdings in Netflix were worth $737,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. EFG Asset Management Americas Corp. raised its stake in shares of Netflix by 43.4% during the second quarter. EFG Asset Management Americas Corp. now owns 12,513 shares of the Internet television network’s stock valued at $8,445,000 after acquiring an additional 3,788 shares in the last quarter. Cullen Frost Bankers Inc. increased its holdings in Netflix by 5.8% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 25,527 shares of the Internet television network’s stock worth $17,228,000 after purchasing an additional 1,388 shares during the period. Intelligence Driven Advisers LLC increased its holdings in Netflix by 87.1% during the 2nd quarter. Intelligence Driven Advisers LLC now owns 1,046 shares of the Internet television network’s stock worth $706,000 after purchasing an additional 487 shares during the period. Hanlon Investment Management Inc. bought a new stake in Netflix during the 2nd quarter valued at $209,000. Finally, Valtinson Bruner Financial Planning LLC purchased a new stake in shares of Netflix in the 2nd quarter worth $270,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Insider Transactions at Netflix

In related news, Director Jay C. Hoag sold 37,675 shares of the business’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $629.73, for a total transaction of $23,725,077.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Jay C. Hoag sold 37,675 shares of the firm’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $629.73, for a total transaction of $23,725,077.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Reed Hastings sold 25,599 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $631.43, for a total value of $16,163,976.57. Following the completion of the transaction, the chairman now directly owns 57 shares of the company’s stock, valued at $35,991.51. The disclosure for this sale can be found here. Insiders have sold 157,831 shares of company stock worth $102,721,884 over the last 90 days. 1.76% of the stock is currently owned by company insiders.

Netflix Trading Down 2.6 %

Shares of NASDAQ:NFLX opened at $665.77 on Friday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.55. Netflix, Inc. has a 52-week low of $344.73 and a 52-week high of $711.33. The stock has a market cap of $286.95 billion, a price-to-earnings ratio of 46.20, a PEG ratio of 1.44 and a beta of 1.26. The business has a 50-day moving average price of $659.89 and a 200-day moving average price of $634.23.

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, 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 company had revenue of $9.56 billion for the quarter, compared to the consensus estimate of $9.53 billion. During the same quarter in the prior year, the company earned $3.29 EPS. Netflix’s quarterly revenue was up 16.8% on a year-over-year basis. Equities analysts predict that Netflix, Inc. will post 19.08 EPS for the current year.

Analysts Set New Price Targets

NFLX has been the topic of several research reports. KeyCorp raised their price target on Netflix from $707.00 to $735.00 and gave the company an “overweight” rating in a research note on Wednesday, July 10th. Wedbush reissued an “outperform” rating and set a $725.00 target price on shares of Netflix in a research report on Monday, May 20th. China Renaissance assumed coverage on shares of Netflix in a research report on Thursday. They issued a “hold” rating and a $680.00 price target for the company. JPMorgan Chase & Co. increased their price objective on shares of Netflix from $650.00 to $750.00 and gave the company an “overweight” rating in a research note on Friday, July 12th. Finally, Morgan Stanley boosted their price objective on shares of Netflix from $700.00 to $780.00 and gave the stock an “overweight” rating in a research note on Monday, July 15th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and twenty-three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $685.29.

Netflix 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.