Kimelman & Baird LLC Buys Shares of 375 Netflix, Inc. (NASDAQ:NFLX)

Kimelman & Baird LLC bought a new position in Netflix, Inc. (NASDAQ:NFLX) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 375 shares of the Internet television network’s stock, valued at approximately $253,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Denver PWM LLC purchased a new position in Netflix during the 2nd quarter valued at about $25,000. Valued Wealth Advisors LLC grew its position in Netflix by 80.0% during 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 in the last quarter. VitalStone Financial LLC grew its position in Netflix by 933.3% during the fourth quarter. VitalStone Financial LLC now owns 62 shares of the Internet television network’s stock valued at $30,000 after purchasing an additional 56 shares in the last quarter. Beaird Harris Wealth Management LLC increased its stake in Netflix by 1,550.0% in the 4th quarter. Beaird Harris Wealth Management LLC now owns 66 shares of the Internet television network’s stock valued at $32,000 after buying an additional 62 shares during the period. Finally, Scarborough Advisors LLC purchased a new stake in Netflix in the 4th quarter worth approximately $32,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on NFLX shares. Morgan Stanley upped their price target 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. Redburn Atlantic upped their target price on Netflix from $740.00 to $760.00 and gave the stock a “buy” rating in a research report on Friday, July 19th. Evercore ISI lifted their price target on Netflix from $710.00 to $750.00 and gave the company an “outperform” rating in a report on Tuesday, August 27th. Oppenheimer restated an “outperform” rating and issued a $725.00 price objective on shares of Netflix in a report on Tuesday, July 30th. Finally, Rosenblatt Securities reaffirmed a “neutral” rating and set a $635.00 price objective on shares of Netflix in a research report on Friday, September 20th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-four have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $685.29.

Netflix Price Performance

Shares of NFLX stock opened at $709.27 on Tuesday. The company has a market capitalization of $305.70 billion, a P/E ratio of 49.22, a P/E/G ratio of 1.44 and a beta of 1.26. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.55. Netflix, Inc. has a 12 month low of $344.73 and a 12 month high of $725.26. The stock has a 50 day moving average of $670.86 and a two-hundred day moving average of $645.58.

Netflix (NASDAQ:NFLX) last announced its quarterly 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 firm had revenue of $9.56 billion for the quarter, compared to analyst estimates of $9.53 billion. During the same quarter in the previous year, the firm posted $3.29 EPS. The business’s revenue for the quarter was up 16.8% on a year-over-year basis. As a group, equities analysts expect that Netflix, Inc. will post 19.08 EPS for the current year.

Insider Buying and Selling at Netflix

In other news, Director Jay C. Hoag sold 43,750 shares of the stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $687.07, for a total value of $30,059,312.50. Following the completion of the transaction, the director now directly owns 95,040 shares of the company’s stock, valued at approximately $65,299,132.80. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, insider David A. Hyman sold 20,656 shares of the stock in a transaction dated Tuesday, August 6th. The shares were 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 owns 31,610 shares in the company, valued at approximately $19,128,159.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jay C. Hoag sold 43,750 shares of the business’s stock in a transaction dated Thursday, September 12th. The shares were 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 $65,299,132.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 179,494 shares of company stock valued at $118,230,884. 1.76% of the stock is currently owned by corporate insiders.

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.