Netflix, Inc. (NASDAQ:NFLX) Shares Bought by NorthCrest Asset Manangement LLC

NorthCrest Asset Manangement LLC increased its position in Netflix, Inc. (NASDAQ:NFLX) by 8.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,101 shares of the Internet television network’s stock after buying an additional 254 shares during the period. NorthCrest Asset Manangement LLC’s holdings in Netflix were worth $2,093,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of NFLX. Obermeyer Wood Investment Counsel Lllp lifted its stake in shares of Netflix by 2.8% during the 1st quarter. Obermeyer Wood Investment Counsel Lllp now owns 623 shares of the Internet television network’s stock worth $378,000 after purchasing an additional 17 shares during the period. Private Portfolio Partners LLC lifted its position in Netflix by 1.7% during the first quarter. Private Portfolio Partners LLC now owns 1,042 shares of the Internet television network’s stock worth $633,000 after buying an additional 17 shares during the period. KFA Private Wealth Group LLC boosted its stake in Netflix by 1.9% in the 4th quarter. KFA Private Wealth Group LLC now owns 958 shares of the Internet television network’s stock worth $466,000 after buying an additional 18 shares during the last quarter. Legacy Capital Group California Inc. grew its holdings in Netflix by 0.6% in the 4th quarter. Legacy Capital Group California Inc. now owns 2,833 shares of the Internet television network’s stock valued at $1,379,000 after buying an additional 18 shares during the period. Finally, Founders Financial Alliance LLC grew its holdings in Netflix by 2.4% in the 4th quarter. Founders Financial Alliance LLC now owns 757 shares of the Internet television network’s stock valued at $369,000 after buying an additional 18 shares during the period. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Analysts Set New Price Targets

NFLX has been the topic of several research analyst reports. Oppenheimer reissued an “outperform” rating and issued a $725.00 target price on shares of Netflix in a research report on Tuesday, July 30th. Sanford C. Bernstein lifted their price target on shares of Netflix from $600.00 to $625.00 and gave the company a “market perform” rating in a report on Friday, July 19th. Redburn Atlantic boosted their price objective on shares of Netflix from $740.00 to $760.00 and gave the company a “buy” rating in a research note on Friday, July 19th. Bank of America increased their target price on Netflix from $700.00 to $740.00 and gave the stock a “buy” rating in a research report on Monday, July 15th. Finally, UBS Group boosted their price target on Netflix from $685.00 to $750.00 and gave the company a “buy” rating in a research report on Friday, July 19th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and twenty-four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $681.21.

Netflix Stock Up 1.4 %

Shares of Netflix stock traded up $8.84 on Wednesday, hitting $656.86. 1,002,402 shares of the company’s stock traded hands, compared to its average volume of 3,884,366. The stock has a market cap of $283.11 billion, a P/E ratio of 45.54, a PEG ratio of 1.28 and a beta of 1.27. 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, Inc. has a 52-week low of $344.73 and a 52-week high of $697.49. The firm’s 50-day moving average is $653.30 and its 200 day moving average is $619.92.

Netflix (NASDAQ:NFLX) last announced 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 return on equity of 32.93% and a net margin of 19.54%. The firm had revenue of $9.56 billion for the quarter, compared to analysts’ expectations of $9.53 billion. During the same period last year, the business posted $3.29 earnings per share. The firm’s revenue for the quarter was up 16.8% on a year-over-year basis. Equities analysts anticipate that Netflix, Inc. will post 19.08 earnings per share for the current year.

Insider Activity

In other Netflix news, CEO Gregory K. Peters sold 4,783 shares of the business’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $675.00, for a total transaction of $3,228,525.00. Following the completion of the transaction, 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Chairman Reed Hastings sold 19,943 shares of the firm’s stock in a transaction 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 directly owns 57 shares of the company’s stock, valued at $36,114.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gregory K. Peters sold 4,783 shares of Netflix stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $675.00, for a total transaction of $3,228,525.00. Following the sale, the chief executive officer now owns 13,090 shares in the company, valued at $8,835,750. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 95,218 shares of company stock valued at $60,687,405. 1.76% of the stock is currently owned by insiders.

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.