Csenge Advisory Group Grows Position in Netflix, Inc. (NASDAQ:NFLX)

Csenge Advisory Group raised its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 13.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,536 shares of the Internet television network’s stock after buying an additional 178 shares during the quarter. Csenge Advisory Group’s holdings in Netflix were worth $1,037,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. JCIC Asset Management Inc. grew its holdings in shares of Netflix by 9.4% in the second quarter. JCIC Asset Management Inc. now owns 408 shares of the Internet television network’s stock valued at $275,000 after purchasing an additional 35 shares during the period. Indiana Trust & Investment Management CO grew its holdings in shares of Netflix by 45.3% in the second quarter. Indiana Trust & Investment Management CO now owns 77 shares of the Internet television network’s stock valued at $52,000 after purchasing an additional 24 shares during the period. Fortitude Family Office LLC grew its holdings in shares of Netflix by 44.9% in the second quarter. Fortitude Family Office LLC now owns 171 shares of the Internet television network’s stock valued at $115,000 after purchasing an additional 53 shares during the period. Founders Capital Management purchased a new stake in shares of Netflix in the second quarter valued at about $67,000. Finally, Aprio Wealth Management LLC grew its holdings in shares of Netflix by 9.1% in the second quarter. Aprio Wealth Management LLC now owns 1,840 shares of the Internet television network’s stock valued at $1,242,000 after purchasing an additional 153 shares during the period. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Stock Up 3.1 %

Shares of NASDAQ:NFLX opened at $630.35 on Friday. The firm’s 50 day moving average price is $653.13 and its 200 day moving average price is $616.45. The stock has a market cap of $271.68 billion, a price-to-earnings ratio of 43.74, a price-to-earnings-growth ratio of 1.28 and a beta of 1.27. Netflix, Inc. has a fifty-two week low of $344.73 and a fifty-two week high of $697.49. 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 earnings results on Thursday, July 18th. The Internet television network reported $4.88 earnings per share for the quarter, beating the consensus estimate of $4.74 by $0.14. The firm had revenue of $9.56 billion for the quarter, compared to analysts’ expectations of $9.53 billion. Netflix had a net margin of 19.54% and a return on equity of 32.93%. The firm’s revenue was up 16.8% compared to the same quarter last year. During the same quarter last year, the company earned $3.29 earnings per share. As a group, equities research analysts predict that Netflix, Inc. will post 19.08 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on NFLX shares. Rosenblatt Securities upped their price objective on shares of Netflix from $554.00 to $635.00 and gave the company a “neutral” rating in a report on Friday, July 19th. Evercore ISI upped their target price on shares of Netflix from $700.00 to $710.00 and gave the company an “outperform” rating in a research report on Friday, July 19th. The Goldman Sachs Group upped their target price on shares of Netflix from $650.00 to $659.00 and gave the company a “neutral” rating in a research report on Friday, July 19th. Wedbush reaffirmed an “outperform” rating and issued a $725.00 target price on shares of Netflix in a research report on Monday, May 20th. Finally, Canaccord Genuity Group cut shares of Netflix from a “buy” rating to a “hold” rating and decreased their target price for the company from $720.00 to $585.00 in a research report on Friday, April 19th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and twenty-four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $681.21.

Insider Buying and Selling at Netflix

In other Netflix news, Chairman Reed Hastings sold 19,943 shares of the stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $633.58, for a total value of $12,635,485.94. Following the transaction, the chairman now directly owns 57 shares in the company, valued at $36,114.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Netflix news, insider David A. Hyman sold 20,656 shares of the stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $605.13, for a total value of $12,499,565.28. Following the transaction, the insider now directly owns 31,610 shares in the company, valued at $19,128,159.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Reed Hastings sold 19,943 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $633.58, for a total transaction of $12,635,485.94. Following the transaction, the chairman now owns 57 shares in the company, valued at $36,114.06. The disclosure for this sale can be found here. Insiders have sold 94,785 shares of company stock worth $60,416,265 over the last three months. Insiders own 1.76% of the company’s stock.

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.