2,816 Shares in Netflix, Inc. (NASDAQ:NFLX) Purchased by HWG Holdings LP

HWG Holdings LP bought a new stake in shares of Netflix, Inc. (NASDAQ:NFLX) in the second quarter, Holdings Channel reports. The fund bought 2,816 shares of the Internet television network’s stock, valued at approximately $1,900,000. Netflix comprises about 0.7% of HWG Holdings LP’s portfolio, making the stock its 26th biggest holding.

A number of other hedge funds have also made changes to their positions in NFLX. Precision Wealth Strategies LLC raised its holdings in shares of Netflix by 3.5% during the fourth quarter. Precision Wealth Strategies LLC now owns 2,444 shares of the Internet television network’s stock valued at $1,190,000 after acquiring an additional 83 shares during the last quarter. Gilbert & Cook Inc. raised its holdings in shares of Netflix by 5.9% during the fourth quarter. Gilbert & Cook Inc. now owns 2,177 shares of the Internet television network’s stock valued at $1,060,000 after acquiring an additional 121 shares during the last quarter. Aveo Capital Partners LLC raised its holdings in shares of Netflix by 6.9% during the fourth quarter. Aveo Capital Partners LLC now owns 667 shares of the Internet television network’s stock valued at $325,000 after acquiring an additional 43 shares during the last quarter. Tradition Wealth Management LLC raised its holdings in shares of Netflix by 48.5% during the fourth quarter. Tradition Wealth Management LLC now owns 193 shares of the Internet television network’s stock valued at $94,000 after acquiring an additional 63 shares during the last quarter. Finally, Carolinas Wealth Consulting LLC raised its holdings in shares of Netflix by 21.1% during the fourth quarter. Carolinas Wealth Consulting LLC now owns 385 shares of the Internet television network’s stock valued at $188,000 after acquiring an additional 67 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Stock Down 0.6 %

Netflix stock opened at $707.35 on Monday. The stock’s fifty day moving average is $669.62 and its two-hundred day moving average is $644.91. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.95 and a quick ratio of 0.95. Netflix, Inc. has a 1-year low of $344.73 and a 1-year high of $725.26. The stock 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.

Netflix (NASDAQ:NFLX) last posted its earnings results on Thursday, July 18th. The Internet television network reported $4.88 EPS for the quarter, topping analysts’ consensus estimates of $4.74 by $0.14. Netflix had a return on equity of 32.93% and a net margin of 19.54%. The business had revenue of $9.56 billion for the quarter, compared to analysts’ expectations of $9.53 billion. During the same quarter in the previous year, the firm earned $3.29 earnings per share. The business’s revenue was up 16.8% compared to the same quarter last year. On average, sell-side analysts expect that Netflix, Inc. will post 19.08 EPS for the current fiscal year.

Insider Transactions at Netflix

In other news, Director Leslie J. Kilgore sold 402 shares of Netflix stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $725.00, for a total transaction of $291,450.00. Following the sale, the director now owns 35,262 shares in the company, valued at $25,564,950. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Leslie J. Kilgore sold 402 shares of the firm’s stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $725.00, for a total transaction of $291,450.00. Following the transaction, the director now owns 35,262 shares of the company’s stock, valued at $25,564,950. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Gregory K. Peters sold 4,392 shares of the firm’s stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $725.00, for a total value of $3,184,200.00. Following the transaction, the chief executive officer now directly owns 13,090 shares in the company, valued at approximately $9,490,250. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 179,494 shares of company stock worth $118,230,884. Corporate insiders own 1.76% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on NFLX shares. Citigroup increased their target price on Netflix from $660.00 to $675.00 and gave the company a “neutral” rating in a report on Monday, July 22nd. Needham & Company LLC reaffirmed a “buy” rating and issued a $700.00 price target on shares of Netflix in a report on Friday, July 19th. Piper Sandler increased their price target on Netflix from $600.00 to $650.00 and gave the company a “neutral” rating in a report on Friday, July 19th. StockNews.com raised Netflix from a “hold” rating to a “buy” rating in a report on Tuesday, September 24th. Finally, KeyCorp increased their price target on Netflix from $707.00 to $735.00 and gave the company an “overweight” rating in a report on Wednesday, July 10th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-four have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $685.29.

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.