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

SFE Investment Counsel increased its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 8.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,335 shares of the Internet television network’s stock after purchasing an additional 100 shares during the quarter. SFE Investment Counsel’s holdings in Netflix were worth $901,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Denver PWM LLC acquired a new position in Netflix in the second quarter valued at approximately $25,000. 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 valued at $27,000 after acquiring an additional 20 shares during the period. VitalStone Financial LLC lifted its holdings in Netflix by 933.3% in the fourth quarter. VitalStone Financial LLC now owns 62 shares of the Internet television network’s stock valued at $30,000 after acquiring an additional 56 shares during the period. Beaird Harris Wealth Management LLC lifted its holdings 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 valued at $32,000 after acquiring an additional 62 shares during the period. Finally, Scarborough Advisors LLC acquired a new position in Netflix in the fourth quarter valued at approximately $32,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Stock Down 2.6 %

Shares of NASDAQ:NFLX opened at $665.77 on Friday. The business has a 50-day moving average price of $659.89 and a 200 day moving average price of $633.82. 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 market capitalization of $286.95 billion, a price-to-earnings ratio of 46.20, a PEG ratio of 1.44 and a beta of 1.27. Netflix, Inc. has a 12-month low of $344.73 and a 12-month high of $711.33.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Thursday, July 18th. The Internet television network reported $4.88 earnings per share (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 firm had revenue of $9.56 billion during the quarter, compared to the consensus estimate of $9.53 billion. During the same period last year, the company earned $3.29 EPS. The company’s quarterly revenue was up 16.8% on a year-over-year basis. Sell-side analysts expect that Netflix, Inc. will post 19.08 EPS for the current year.

Insider Activity at Netflix

In related news, 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 completion of the transaction, the insider now directly owns 31,610 shares in the company, valued at approximately $19,128,159.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Leslie J. Kilgore sold 1,372 shares of Netflix stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $704.81, for a total value of $966,999.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider David A. Hyman sold 20,656 shares of Netflix stock in a transaction dated 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 transaction, the insider now 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 in the last three months. 1.76% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on NFLX. Benchmark boosted their price target on Netflix from $450.00 to $545.00 and gave the company a “sell” rating in a report on Tuesday, July 16th. Macquarie restated an “outperform” rating and issued a $685.00 price objective on shares of Netflix in a research report on Tuesday, July 16th. Sanford C. Bernstein boosted their price objective on Netflix from $600.00 to $625.00 and gave the company a “market perform” rating in a research report on Friday, July 19th. Piper Sandler boosted their price objective on Netflix from $600.00 to $650.00 and gave the company a “neutral” rating in a research report on Friday, July 19th. Finally, TD Cowen boosted their price objective on Netflix from $725.00 to $775.00 and gave the company a “buy” rating in a research report on Tuesday, July 9th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and twenty-three have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $685.29.

Netflix Company 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.