Advisory Alpha LLC Buys 23 Shares of Netflix, Inc. (NASDAQ:NFLX)

Advisory Alpha LLC lifted its position in Netflix, Inc. (NASDAQ:NFLX) by 1.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,587 shares of the Internet television network’s stock after purchasing an additional 23 shares during the quarter. Advisory Alpha LLC’s holdings in Netflix were worth $1,071,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Obermeyer Wood Investment Counsel Lllp raised its holdings in Netflix by 2.8% in the 1st quarter. Obermeyer Wood Investment Counsel Lllp now owns 623 shares of the Internet television network’s stock valued at $378,000 after acquiring an additional 17 shares during the period. Private Portfolio Partners LLC grew its position in shares of Netflix by 1.7% in the first quarter. Private Portfolio Partners LLC now owns 1,042 shares of the Internet television network’s stock valued at $633,000 after purchasing an additional 17 shares during the last quarter. FAS Wealth Partners Inc. increased its stake in shares of Netflix by 1.5% during the second quarter. FAS Wealth Partners Inc. now owns 1,164 shares of the Internet television network’s stock worth $786,000 after purchasing an additional 17 shares during the period. Clear Point Advisors Inc. lifted its holdings in Netflix by 3.9% during the 2nd quarter. Clear Point Advisors Inc. now owns 449 shares of the Internet television network’s stock worth $303,000 after purchasing an additional 17 shares during the last quarter. Finally, Capital Advisors Ltd. LLC boosted its stake in Netflix by 4.6% in the 1st quarter. Capital Advisors Ltd. LLC now owns 411 shares of the Internet television network’s stock valued at $250,000 after purchasing an additional 18 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Stock Down 0.4 %

Shares of NASDAQ:NFLX opened at $706.13 on Wednesday. The firm has a market cap of $304.34 billion, a P/E ratio of 49.00, a P/E/G ratio of 1.44 and a beta of 1.26. Netflix, Inc. has a 12-month low of $344.73 and a 12-month high of $725.26. The business has a fifty day simple moving average of $672.13 and a 200 day simple moving average of $646.29. 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 (NASDAQ:NFLX) last issued 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 return on equity of 32.93% and a net margin of 19.54%. The company had revenue of $9.56 billion during the quarter, compared to the consensus estimate of $9.53 billion. During the same period last year, the company earned $3.29 earnings per share. The firm’s revenue was up 16.8% compared to the same quarter last year. Analysts predict that Netflix, Inc. will post 19.08 earnings per share for the current year.

Insider Transactions at Netflix

In other news, Chairman Reed Hastings sold 25,599 shares of the stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $631.43, for a total transaction of $16,163,976.57. Following the completion of the sale, the chairman now directly owns 57 shares in the company, valued at $35,991.51. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Netflix news, CFO Spencer Adam Neumann sold 433 shares of Netflix stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $626.19, for a total value of $271,140.27. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Reed Hastings sold 25,599 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $631.43, for a total value of $16,163,976.57. Following the transaction, the chairman now owns 57 shares in the company, valued at $35,991.51. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 179,494 shares of company stock worth $118,230,884. Company insiders own 1.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on NFLX. Rosenblatt Securities reiterated a “neutral” rating and set a $635.00 price objective on shares of Netflix in a research report on Friday, September 20th. Redburn Atlantic lifted their price objective on shares of Netflix from $740.00 to $760.00 and gave the stock a “buy” rating in a research note on Friday, July 19th. China Renaissance assumed coverage on shares of Netflix in a research report on Thursday, September 5th. They set a “hold” rating and a $680.00 target price on the stock. Argus lifted their price target on shares of Netflix from $660.00 to $767.00 and gave the company a “buy” rating in a research report on Tuesday, July 2nd. Finally, Pivotal Research increased their price target on Netflix from $800.00 to $900.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-four have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $686.03.

About Netflix

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.