Ironwood Investment Counsel LLC Makes New $306,000 Investment in Netflix, Inc. (NASDAQ:NFLX)

Ironwood Investment Counsel LLC bought a new stake in shares of Netflix, Inc. (NASDAQ:NFLX) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 504 shares of the Internet television network’s stock, valued at approximately $306,000.

Other institutional investors also recently modified their holdings of the company. Columbia Trust Co 01012016 boosted its stake in shares of Netflix by 15.3% during the 4th quarter. Columbia Trust Co 01012016 now owns 1,566 shares of the Internet television network’s stock valued at $762,000 after buying an additional 208 shares during the period. Crumly & Associates Inc. lifted its stake in shares of Netflix by 4.1% in the 4th quarter. Crumly & Associates Inc. now owns 2,105 shares of the Internet television network’s stock valued at $1,025,000 after purchasing an additional 83 shares during the last quarter. Venture Visionary Partners LLC lifted its stake in shares of Netflix by 15.4% in the 4th quarter. Venture Visionary Partners LLC now owns 9,849 shares of the Internet television network’s stock valued at $4,795,000 after purchasing an additional 1,318 shares during the last quarter. Sandy Cove Advisors LLC lifted its stake in shares of Netflix by 10.6% in the 4th quarter. Sandy Cove Advisors LLC now owns 1,187 shares of the Internet television network’s stock valued at $578,000 after purchasing an additional 114 shares during the last quarter. Finally, Malaga Cove Capital LLC lifted its stake in shares of Netflix by 25.4% in the 4th quarter. Malaga Cove Capital LLC now owns 1,562 shares of the Internet television network’s stock valued at $761,000 after purchasing an additional 316 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on NFLX. Rosenblatt Securities lifted their price objective on shares of Netflix from $554.00 to $635.00 and gave the company a “neutral” rating in a research note on Friday. KeyCorp boosted their target price on shares of Netflix from $707.00 to $735.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 10th. BMO Capital Markets reissued an “outperform” rating and set a $713.00 target price (up previously from $638.00) on shares of Netflix in a research report on Wednesday, April 17th. Pivotal Research boosted their target price on shares of Netflix from $765.00 to $800.00 and gave the stock a “buy” rating in a research report on Friday, April 19th. Finally, Needham & Company LLC reissued a “buy” rating and set a $700.00 target price on shares of Netflix in a research report on Friday. One analyst has rated the stock with a sell rating, eleven have given a hold rating and twenty-four have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $681.21.

Netflix Trading Up 2.2 %

NASDAQ NFLX traded up $14.16 during trading hours on Monday, hitting $647.50. The company’s stock had a trading volume of 5,214,052 shares, compared to its average volume of 3,970,235. The stock has a fifty day moving average of $656.35 and a 200 day moving average of $605.53. Netflix, Inc. has a twelve month low of $344.73 and a twelve month high of $697.49. The firm has a market capitalization of $279.07 billion, a P/E ratio of 44.93, a PEG ratio of 1.37 and a beta of 1.27. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.62.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Thursday, July 18th. The Internet television network reported $4.88 earnings per share for the quarter, beating the consensus estimate of $4.74 by $0.14. Netflix had a net margin of 19.54% and a return on equity of 33.22%. The business had revenue of $9.56 billion for the quarter, compared to analyst estimates of $9.53 billion. During the same period in the prior year, the business posted $3.29 earnings per share. Netflix’s revenue was up 16.8% compared to the same quarter last year. Equities research analysts forecast that Netflix, Inc. will post 18.99 earnings per share for the current fiscal year.

Insider Buying and Selling at Netflix

In other news, Director Anne M. Sweeney sold 633 shares of the stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $560.00, for a total transaction of $354,480.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Anne M. Sweeney sold 633 shares of the firm’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $560.00, for a total value of $354,480.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Reed Hastings sold 18,361 shares of the firm’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $551.54, for a total transaction of $10,126,825.94. Following the completion of the transaction, the chairman now directly owns 28 shares of the company’s stock, valued at approximately $15,443.12. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 71,385 shares of company stock valued at $44,469,351. Corporate insiders own 1.76% of the company’s stock.

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.