Stablepoint Partners LLC Increases Holdings in Netflix, Inc. (NASDAQ:NFLX)

Stablepoint Partners LLC grew its holdings in Netflix, Inc. (NASDAQ:NFLX) by 2.1% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 4,317 shares of the Internet television network’s stock after buying an additional 90 shares during the quarter. Stablepoint Partners LLC’s holdings in Netflix were worth $2,707,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in NFLX. Valued Wealth Advisors LLC lifted its holdings in Netflix by 80.0% in the first quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock worth $27,000 after buying an additional 20 shares during the period. VitalStone Financial LLC boosted its position in shares of Netflix by 933.3% during the fourth quarter. VitalStone Financial LLC now owns 62 shares of the Internet television network’s stock valued at $30,000 after purchasing an additional 56 shares in the last quarter. Beaird Harris Wealth Management LLC grew its stake in Netflix by 1,550.0% in the fourth quarter. Beaird Harris Wealth Management LLC now owns 66 shares of the Internet television network’s stock worth $32,000 after purchasing an additional 62 shares during the period. Scarborough Advisors LLC bought a new position in Netflix in the fourth quarter worth $32,000. Finally, Indiana Trust & Investment Management CO increased its stake in shares of 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 in the last quarter. 80.93% of the stock is currently owned by institutional investors.

Netflix Price Performance

Shares of Netflix stock opened at $679.68 on Thursday. The company has a market capitalization of $292.94 billion, a price-to-earnings ratio of 47.17, a PEG ratio of 1.44 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. The stock’s 50-day simple moving average is $660.09 and its 200-day simple moving average is $632.90. Netflix, Inc. has a 52 week low of $344.73 and a 52 week high of $711.33.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Thursday, July 18th. The Internet television network reported $4.88 EPS for the quarter, topping analysts’ consensus estimates of $4.74 by $0.14. Netflix had a return on equity of 32.93% and a net margin of 19.54%. The company had revenue of $9.56 billion for the quarter, compared to analysts’ expectations of $9.53 billion. During the same period in the previous year, the firm earned $3.29 EPS. The firm’s revenue was up 16.8% compared to the same quarter last year. As a group, analysts expect that Netflix, Inc. will post 19.08 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider David A. Hyman sold 20,656 shares of the stock in a transaction that occurred on 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 transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at $19,128,159.30. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, Director Jay C. Hoag sold 37,675 shares of the business’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $629.73, for a total value of $23,725,077.75. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider David A. Hyman sold 20,656 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $605.13, for a total transaction of $12,499,565.28. Following the sale, the insider now owns 31,610 shares in the company, valued at $19,128,159.30. The disclosure for this sale can be found here. Over the last quarter, insiders sold 157,831 shares of company stock worth $102,721,884. 1.76% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. StockNews.com cut Netflix from a “buy” rating to a “hold” rating in a research report on Thursday, August 29th. 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 note on Monday, July 15th. Sanford C. Bernstein lifted their price target on Netflix from $600.00 to $625.00 and gave the stock a “market perform” rating in a research report on Friday, July 19th. Needham & Company LLC reissued a “buy” rating and set a $700.00 price objective on shares of Netflix in a research report on Friday, July 19th. Finally, Rosenblatt Securities boosted their target price on shares of Netflix from $554.00 to $635.00 and gave the company a “neutral” rating in a research note on Friday, July 19th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $685.45.

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.