Gilman Hill Asset Management LLC Makes New Investment in Netflix, Inc. (NASDAQ:NFLX)

Gilman Hill Asset Management LLC bought a new position in Netflix, Inc. (NASDAQ:NFLX) in the 3rd quarter, HoldingsChannel reports. The fund bought 314 shares of the Internet television network’s stock, valued at approximately $223,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Denver PWM LLC acquired a new stake in shares of Netflix in the 2nd quarter worth approximately $25,000. Valued Wealth Advisors LLC lifted its stake in Netflix by 80.0% during the first quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock valued at $27,000 after purchasing an additional 20 shares during the last quarter. Scarborough Advisors LLC acquired a new stake in Netflix during the fourth quarter valued at approximately $32,000. Indiana Trust & Investment Management CO lifted its stake in Netflix by 112.0% during the first quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock valued at $32,000 after purchasing an additional 28 shares during the last quarter. Finally, Proffitt & Goodson Inc. lifted its stake in Netflix by 380.0% during the second quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock valued at $32,000 after purchasing an additional 38 shares during the last quarter. Institutional investors own 80.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Barclays reissued an “underweight” rating and set a $550.00 target price on shares of Netflix in a research note on Monday, October 7th. Macquarie increased their target price on shares of Netflix from $695.00 to $795.00 and gave the company an “outperform” rating in a research note on Friday. Bank of America increased their target price on shares of Netflix from $700.00 to $740.00 and gave the company a “buy” rating in a research note on Monday, July 15th. Sanford C. Bernstein increased their target price on shares of Netflix from $600.00 to $625.00 and gave the company a “market perform” rating in a research note on Friday, July 19th. Finally, Redburn Atlantic boosted their price target on shares of Netflix from $740.00 to $760.00 and gave the company a “buy” rating in a report on Friday, July 19th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Netflix has a consensus rating of “Moderate Buy” and an average target price of $702.79.

Insider Buying and Selling at Netflix

In other Netflix news, insider David A. Hyman sold 20,656 shares of the stock in a transaction 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 completion of the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at $19,128,159.30. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Netflix news, insider David A. Hyman sold 13,791 shares of the stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $700.00, for a total value of $9,653,700.00. Following the completion of the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at $22,127,000. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider David A. Hyman sold 20,656 shares of the firm’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 transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at $19,128,159.30. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 225,167 shares of company stock valued at $150,492,460 in the last ninety days. Company insiders own 1.76% of the company’s stock.

Netflix Price Performance

NASDAQ NFLX opened at $722.79 on Monday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.55. The company has a fifty day simple moving average of $686.60 and a 200 day simple moving average of $651.60. The company has a market cap of $311.52 billion, a P/E ratio of 50.16, a P/E/G ratio of 1.49 and a beta of 1.26. Netflix, Inc. has a 1 year low of $344.73 and a 1 year high of $736.00.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, July 18th. The Internet television network reported $4.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.74 by $0.14. Netflix had a net margin of 19.54% and a return on equity of 32.93%. The business had revenue of $9.56 billion during the quarter, compared to the consensus estimate of $9.53 billion. During the same period in the prior year, the firm earned $3.29 EPS. Netflix’s quarterly revenue was up 16.8% compared to the same quarter last year. On average, sell-side analysts predict that Netflix, Inc. will post 19.08 EPS for the current year.

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.