Everhart Financial Group Inc. Boosts Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Everhart Financial Group Inc. lifted its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 9.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,653 shares of the Internet television network’s stock after purchasing an additional 224 shares during the period. Everhart Financial Group Inc.’s holdings in Netflix were worth $1,790,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of NFLX. Valued Wealth Advisors LLC boosted its holdings in shares of Netflix by 80.0% during the first quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock worth $27,000 after purchasing an additional 20 shares during the period. VitalStone Financial LLC lifted its holdings in Netflix by 933.3% in the fourth quarter. VitalStone Financial LLC now owns 62 shares of the Internet television network’s stock worth $30,000 after buying an additional 56 shares during the period. Beaird Harris Wealth Management LLC lifted its holdings in Netflix by 1,550.0% in the fourth quarter. Beaird Harris Wealth Management LLC now owns 66 shares of the Internet television network’s stock worth $32,000 after buying an additional 62 shares during the period. Scarborough Advisors LLC purchased a new stake in Netflix in the fourth quarter worth about $32,000. Finally, Indiana Trust & Investment Management CO lifted its holdings in Netflix by 112.0% in the first 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 period. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NFLX has been the subject of several research analyst reports. Macquarie restated an “outperform” rating and issued a $685.00 price objective on shares of Netflix in a report on Tuesday, July 16th. Citigroup raised their price objective on shares of Netflix from $660.00 to $675.00 and gave the stock a “neutral” rating in a report on Monday, July 22nd. Needham & Company LLC reiterated a “buy” rating and set a $700.00 target price on shares of Netflix in a report on Friday, July 19th. CICC Research began coverage on shares of Netflix in a report on Thursday, May 2nd. They set an “outperform” rating and a $650.00 target price for the company. Finally, Redburn Atlantic lifted their target price on shares of Netflix from $740.00 to $760.00 and gave the company a “buy” rating in a report on Friday, July 19th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twenty-four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $681.21.

Insider Activity at Netflix

In related news, Director Leslie J. Kilgore sold 1,372 shares of Netflix stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $704.81, for a total transaction of $966,999.32. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Netflix news, Director Jay C. Hoag sold 37,675 shares of the business’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $629.73, for a total value of $23,725,077.75. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Leslie J. Kilgore sold 1,372 shares of the business’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $704.81, for a total transaction of $966,999.32. The disclosure for this sale can be found here. In the last quarter, insiders have sold 152,700 shares of company stock worth $98,283,982. 1.76% of the stock is owned by corporate insiders.

Netflix Stock Performance

Shares of Netflix stock traded down $2.23 on Friday, hitting $686.73. 2,346,100 shares of the company’s stock were exchanged, compared to its average volume of 3,870,180. The company has a 50-day simple moving average of $658.35 and a 200-day simple moving average of $625.63. The stock has a market capitalization of $295.98 billion, a PE ratio of 47.66, a PEG ratio of 1.28 and a beta of 1.27. Netflix, Inc. has a 1 year low of $344.73 and a 1 year high of $711.33. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.95 and a current ratio of 0.95.

Netflix (NASDAQ:NFLX) last released its earnings results on Thursday, July 18th. The Internet television network reported $4.88 earnings per share for the quarter, beating 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 previous year, the company earned $3.29 EPS. Netflix’s revenue for the quarter was up 16.8% on a year-over-year basis. As a group, equities analysts anticipate that Netflix, Inc. will post 19.08 EPS for the current year.

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.