Fairfield Financial Advisors LTD Buys Shares of 121 Netflix, Inc. (NASDAQ:NFLX)

Fairfield Financial Advisors LTD purchased a new position in Netflix, Inc. (NASDAQ:NFLX) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 121 shares of the Internet television network’s stock, valued at approximately $82,000.

Several other hedge funds also recently made changes to their positions in NFLX. Wellington Management Group LLP boosted its stake in Netflix by 540.9% in the 4th quarter. Wellington Management Group LLP now owns 3,878,785 shares of the Internet television network’s stock worth $1,888,503,000 after purchasing an additional 3,273,592 shares during the period. GQG Partners LLC bought a new position in shares of Netflix in the first quarter valued at approximately $1,450,476,000. Jennison Associates LLC grew its stake in Netflix by 17.0% during the first quarter. Jennison Associates LLC now owns 6,381,464 shares of the Internet television network’s stock valued at $3,875,655,000 after acquiring an additional 929,193 shares in the last quarter. Global Assets Advisory LLC bought a new stake in Netflix during the 1st quarter worth approximately $436,514,000. Finally, Jericho Capital Asset Management L.P. purchased a new stake in Netflix in the 1st quarter worth approximately $372,293,000. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Netflix Price Performance

NFLX opened at $697.06 on Monday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a market capitalization of $299.16 billion, a PE ratio of 48.37, a price-to-earnings-growth ratio of 1.40 and a beta of 1.26. The stock’s 50 day moving average price is $660.00 and its 200-day moving average price is $637.88. Netflix, Inc. has a 52-week low of $344.73 and a 52-week 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, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $9.53 billion. During the same period in the previous year, the firm earned $3.29 EPS. The company’s quarterly revenue was up 16.8% compared to the same quarter last year. On average, equities research analysts predict that Netflix, Inc. will post 19.08 EPS for the current year.

Insiders Place Their Bets

In other Netflix news, CFO Spencer Adam Neumann sold 433 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $626.19, for a total transaction of $271,140.27. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CFO Spencer Adam Neumann sold 433 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $626.19, for a total transaction of $271,140.27. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider David A. Hyman sold 20,656 shares of the 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 owns 31,610 shares of the company’s stock, valued at $19,128,159.30. The disclosure for this sale can be found here. Insiders sold 196,798 shares of company stock worth $129,552,672 over the last three months. Company insiders own 1.76% of the company’s stock.

Analyst Upgrades and Downgrades

NFLX has been the topic of several research analyst reports. Oppenheimer reaffirmed an “outperform” rating and issued a $725.00 price target on shares of Netflix in a report on Tuesday, July 30th. Wedbush reaffirmed an “outperform” rating and issued a $725.00 price target on shares of Netflix in a report on Monday, May 20th. Piper Sandler boosted their price objective on Netflix from $600.00 to $650.00 and gave the stock a “neutral” rating in a report on Friday, July 19th. Jefferies Financial Group raised their target price on shares of Netflix from $655.00 to $780.00 and gave the company a “buy” rating in a research note on Tuesday, July 16th. Finally, StockNews.com raised shares of Netflix from a “hold” rating to a “buy” rating in a research note on Sunday. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-four have given a buy rating to the stock. According to MarketBeat.com, Netflix has an average rating of “Moderate Buy” and an average price target 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.