Netflix, Inc. (NASDAQ:NFLX) Position Increased by Summit Trail Advisors LLC

Summit Trail Advisors LLC increased its holdings in Netflix, Inc. (NASDAQ:NFLX) by 0.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 4,351 shares of the Internet television network’s stock after buying an additional 22 shares during the period. Summit Trail Advisors LLC’s holdings in Netflix were worth $2,936,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Wellington Management Group LLP boosted its stake in Netflix by 540.9% during the 4th quarter. Wellington Management Group LLP now owns 3,878,785 shares of the Internet television network’s stock valued at $1,888,503,000 after purchasing an additional 3,273,592 shares during the period. GQG Partners LLC acquired a new position in shares of Netflix during the first quarter worth approximately $1,450,476,000. Jennison Associates LLC boosted its position in shares of Netflix by 17.0% during the first quarter. Jennison Associates LLC now owns 6,381,464 shares of the Internet television network’s stock worth $3,875,655,000 after buying an additional 929,193 shares during the period. Global Assets Advisory LLC bought a new position in Netflix in the 1st quarter worth approximately $436,514,000. Finally, Jericho Capital Asset Management L.P. acquired a new stake in Netflix in the 1st quarter valued at approximately $372,293,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Price Performance

NFLX opened at $701.03 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.95 and a quick ratio of 0.95. The company’s 50 day simple moving average is $663.00 and its 200-day simple moving average is $640.55. Netflix, Inc. has a one year low of $344.73 and a one year high of $715.66. The stock has a market capitalization of $302.14 billion, a P/E ratio of 48.65, a price-to-earnings-growth ratio of 1.40 and a beta of 1.26.

Netflix (NASDAQ:NFLX) last issued its earnings results on Thursday, July 18th. The Internet television network reported $4.88 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $9.53 billion. During the same quarter last year, the firm earned $3.29 EPS. The company’s revenue for the quarter was up 16.8% on a year-over-year basis. Sell-side analysts anticipate that Netflix, Inc. will post 19.08 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently commented on NFLX. Redburn Atlantic boosted their target price on Netflix from $740.00 to $760.00 and gave the stock a “buy” rating in a report on Friday, July 19th. The Goldman Sachs Group increased their price objective on Netflix from $650.00 to $659.00 and gave the stock a “neutral” rating in a research note on Friday, July 19th. China Renaissance started coverage on shares of Netflix in a report on Thursday, September 5th. They set a “hold” rating and a $680.00 price target on the stock. KeyCorp increased their price objective on Netflix from $707.00 to $735.00 and gave the stock an “overweight” rating in a report on Wednesday, July 10th. Finally, Macquarie reiterated an “outperform” rating and issued a $685.00 price objective on shares of Netflix in a report on Tuesday, July 16th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-four have given a buy rating to the company. According to MarketBeat, Netflix presently has an average rating of “Moderate Buy” and an average price target of $685.29.

Insiders Place Their Bets

In other news, Director Leslie J. Kilgore sold 428 shares of the firm’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $715.00, for a total value of $306,020.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, Director Leslie J. Kilgore sold 428 shares of the business’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $715.00, for a total value of $306,020.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 value of $3,250,800.00. Following the completion of the transaction, the chief executive officer now owns 13,090 shares of the company’s stock, valued at $9,163,000. The disclosure for this sale can be found here. In the last 90 days, insiders sold 197,226 shares of company stock valued at $129,858,692. Company insiders own 1.76% of the company’s stock.

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.