Wealthgarden F.S. LLC Buys Shares of 689 Netflix, Inc. (NASDAQ:NFLX)

Wealthgarden F.S. LLC purchased a new position in shares of Netflix, Inc. (NASDAQ:NFLX) during the 2nd quarter, HoldingsChannel.com reports. The fund purchased 689 shares of the Internet television network’s stock, valued at approximately $465,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new position in Netflix during the fourth quarter worth about $2,558,598,000. Wellington Management Group LLP lifted its holdings in Netflix by 540.9% in the fourth quarter. Wellington Management Group LLP now owns 3,878,785 shares of the Internet television network’s stock valued at $1,888,503,000 after acquiring an additional 3,273,592 shares during the last quarter. GQG Partners LLC purchased a new position in Netflix in the first quarter worth approximately $1,450,476,000. Jennison Associates LLC increased its stake 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 acquiring an additional 929,193 shares during the last quarter. Finally, Global Assets Advisory LLC purchased a new stake in Netflix in the first quarter valued at $436,514,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on NFLX shares. Loop Capital raised their price objective on Netflix from $700.00 to $750.00 and gave the stock a “buy” rating in a research report on Tuesday, June 18th. Macquarie restated an “outperform” rating and issued a $685.00 price objective on shares of Netflix in a report on Tuesday, July 16th. JPMorgan Chase & Co. lifted their target price on shares of Netflix from $650.00 to $750.00 and gave the company an “overweight” rating in a report on Friday, July 12th. Argus lifted their price objective on Netflix from $660.00 to $767.00 and gave the company a “buy” rating in a research note on Tuesday, July 2nd. Finally, Guggenheim increased their target price on Netflix from $700.00 to $735.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. One 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’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $685.29.

Insider Activity

In other news, CEO Gregory K. Peters sold 4,783 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $675.00, for a total transaction of $3,228,525.00. Following the completion of the sale, the chief executive officer now owns 13,090 shares in the company, valued at $8,835,750. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Gregory K. Peters sold 4,783 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $675.00, for a total value of $3,228,525.00. Following the completion of the sale, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at approximately $8,835,750. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Reed Hastings sold 25,074 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $680.92, for a total transaction of $17,073,388.08. Following the completion of the transaction, the chairman now owns 85 shares of the company’s stock, valued at approximately $57,878.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 157,831 shares of company stock valued at $102,721,884. Insiders own 1.76% of the company’s stock.

Netflix Stock Up 1.2 %

NFLX opened at $681.47 on Thursday. The stock has a market capitalization of $293.71 billion, a P/E ratio of 47.29, a price-to-earnings-growth ratio of 1.36 and a beta of 1.26. 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, Inc. has a one year low of $344.73 and a one year high of $711.33. The business’s 50-day simple moving average is $659.79 and its 200-day simple moving average is $636.23.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data 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. The company had revenue of $9.56 billion during the quarter, compared to analysts’ expectations of $9.53 billion. Netflix had a return on equity of 32.93% and a net margin of 19.54%. The firm’s revenue for the quarter was up 16.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.29 earnings per share. Analysts anticipate that Netflix, Inc. will post 19.08 EPS for the current year.

Netflix 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.