EP Wealth Advisors LLC Has $11.67 Million Stake in Netflix, Inc. (NASDAQ:NFLX)

EP Wealth Advisors LLC raised its position in Netflix, Inc. (NASDAQ:NFLX) by 57.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,290 shares of the Internet television network’s stock after acquiring an additional 6,288 shares during the quarter. EP Wealth Advisors LLC’s holdings in Netflix were worth $11,668,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Denver PWM LLC bought a new stake in Netflix in the second quarter valued at approximately $25,000. Valued Wealth Advisors LLC increased its holdings in shares of Netflix by 80.0% in the first 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 during the last quarter. Proffitt & Goodson Inc. raised its position in shares of Netflix by 380.0% in the second quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock valued at $32,000 after purchasing an additional 38 shares during the period. AlphaMark Advisors LLC lifted its stake in shares of Netflix by 642.9% during the 2nd quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock worth $35,000 after buying an additional 45 shares during the last quarter. Finally, Indiana Trust & Investment Management CO lifted its stake in shares of Netflix by 112.0% during the 1st quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock worth $32,000 after buying an additional 28 shares during the last quarter. Institutional investors own 80.93% of the company’s stock.

Netflix Stock Down 0.6 %

Shares of NASDAQ NFLX opened at $707.35 on Monday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.55. The firm has a market cap of $304.87 billion, a PE ratio of 49.09, a P/E/G ratio of 1.44 and a beta of 1.26. The company’s fifty day simple moving average is $669.62 and its 200 day simple moving average is $644.91. Netflix, Inc. has a 12-month low of $344.73 and a 12-month high of $725.26.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data 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 company had revenue of $9.56 billion for the quarter, compared to analysts’ expectations of $9.53 billion. During the same quarter in the prior year, the firm earned $3.29 EPS. The business’s revenue was up 16.8% on a year-over-year basis. As a group, sell-side analysts forecast that Netflix, Inc. will post 19.08 earnings per share for the current fiscal year.

Insider Activity

In other Netflix news, Director Jay C. Hoag sold 43,750 shares of Netflix stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $687.07, for a total transaction of $30,059,312.50. Following the completion of the transaction, the director now owns 95,040 shares in the company, valued at approximately $65,299,132.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Netflix news, Chairman Reed Hastings sold 25,599 shares of the company’s stock in a transaction dated 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 sale, the chairman now directly owns 57 shares of the company’s stock, valued at approximately $35,991.51. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jay C. Hoag sold 43,750 shares of Netflix stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $687.07, for a total transaction of $30,059,312.50. Following the transaction, the director now directly owns 95,040 shares in the company, valued at approximately $65,299,132.80. The disclosure for this sale can be found here. Insiders sold a total of 179,494 shares of company stock worth $118,230,884 over the last quarter. 1.76% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on NFLX. Citigroup boosted their price objective on Netflix from $660.00 to $675.00 and gave the stock a “neutral” rating in a report on Monday, July 22nd. Needham & Company LLC restated a “buy” rating and issued a $700.00 price target on shares of Netflix in a research note on Friday, July 19th. Sanford C. Bernstein increased their price objective on Netflix from $600.00 to $625.00 and gave the stock a “market perform” rating in a research report on Friday, July 19th. China Renaissance initiated coverage on shares of Netflix in a research report on Thursday, September 5th. They issued a “hold” rating and a $680.00 target price for the company. Finally, Evercore ISI raised their price target on shares of Netflix from $710.00 to $750.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 27th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-four have issued a buy rating to the stock. According to data from MarketBeat, Netflix currently has a consensus rating of “Moderate Buy” and an average price target 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.