Netflix, Inc. (NASDAQ:NFLX) Shares Acquired by SFE Investment Counsel

SFE Investment Counsel lifted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 8.1% during the 2nd quarter, Holdings Channel.com reports. The fund owned 1,335 shares of the Internet television network’s stock after buying an additional 100 shares during the period. SFE Investment Counsel’s holdings in Netflix were worth $901,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of Netflix by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 36,587,911 shares of the Internet television network’s stock worth $22,220,936,000 after acquiring an additional 149,341 shares in the last quarter. Capital World Investors increased its position in Netflix by 0.7% during the fourth quarter. Capital World Investors now owns 11,744,636 shares of the Internet television network’s stock worth $5,718,265,000 after buying an additional 78,320 shares during the period. Jennison Associates LLC increased its position in Netflix by 17.0% during the first quarter. Jennison Associates LLC now owns 6,381,464 shares of the Internet television network’s stock worth $3,875,655,000 after buying an additional 929,193 shares during the period. Norges Bank acquired a new position in Netflix during the fourth quarter worth approximately $2,558,598,000. Finally, Baillie Gifford & Co. increased its position in Netflix by 2.3% during the second quarter. Baillie Gifford & Co. now owns 4,762,069 shares of the Internet television network’s stock worth $3,213,825,000 after buying an additional 106,756 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insiders Place Their Bets

In other Netflix news, insider David A. Hyman sold 20,656 shares of the company’s stock in a transaction dated Tuesday, August 6th. The stock was 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 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 this hyperlink. In other news, CEO Gregory K. Peters sold 1,278 shares of the company’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $614.44, for a total value of $785,254.32. Following the completion of the sale, the chief executive officer now owns 13,090 shares of the company’s stock, valued at $8,043,019.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider David A. Hyman sold 20,656 shares of the company’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $605.13, for a total value of $12,499,565.28. Following the completion of the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at approximately $19,128,159.30. The disclosure for this sale can be found here. Insiders sold 157,831 shares of company stock worth $102,721,884 over the last three months. 1.76% of the stock is owned by insiders.

Netflix Stock Performance

Netflix stock opened at $665.77 on Friday. The firm has a market capitalization of $286.95 billion, a P/E ratio of 46.20, a PEG ratio of 1.44 and a beta of 1.27. The stock has a fifty day moving average price of $659.89 and a 200 day moving average price of $633.82. Netflix, Inc. has a 52 week low of $344.73 and a 52 week high of $711.33. 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 (NASDAQ:NFLX) last released its earnings results on Thursday, July 18th. The Internet television network reported $4.88 EPS for the quarter, beating the consensus estimate of $4.74 by $0.14. The firm had revenue of $9.56 billion during the quarter, compared to analyst estimates of $9.53 billion. Netflix had a return on equity of 32.93% and a net margin of 19.54%. The business’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.29 earnings per share. Equities research analysts anticipate that Netflix, Inc. will post 19.08 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on NFLX shares. Guggenheim lifted their price target on Netflix from $700.00 to $735.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. Morgan Stanley lifted their price target on Netflix from $700.00 to $780.00 and gave the stock an “overweight” rating in a research report on Monday, July 15th. JPMorgan Chase & Co. boosted their target price on Netflix from $650.00 to $750.00 and gave the company an “overweight” rating in a report on Friday, July 12th. Wedbush reissued an “outperform” rating and issued a $725.00 target price on shares of Netflix in a report on Monday, May 20th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $700.00 target price on shares of Netflix in a report on Friday, July 19th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and twenty-three have issued a buy rating to the company. According to MarketBeat.com, Netflix presently has a consensus rating of “Moderate Buy” and an average price target of $685.29.

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.