HBK Sorce Advisory LLC Purchases 172 Shares of Netflix, Inc. (NASDAQ:NFLX)

HBK Sorce Advisory LLC lifted its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 2.4% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,363 shares of the Internet television network’s stock after buying an additional 172 shares during the quarter. HBK Sorce Advisory LLC’s holdings in Netflix were worth $4,969,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. M&G Plc bought a new stake in Netflix in the 1st quarter valued at $9,682,000. BSN CAPITAL PARTNERS Ltd increased its holdings in shares of Netflix by 24.4% in the first quarter. BSN CAPITAL PARTNERS Ltd now owns 250,000 shares of the Internet television network’s stock worth $155,185,000 after purchasing an additional 49,000 shares during the last quarter. Scarborough Advisors LLC purchased a new stake in shares of Netflix in the fourth quarter worth about $9,513,000. Bedel Financial Consulting Inc. bought a new position in Netflix during the fourth quarter valued at approximately $224,000. Finally, Scotia Capital Inc. grew its holdings in Netflix by 9.1% during the 4th quarter. Scotia Capital Inc. now owns 25,351 shares of the Internet television network’s stock valued at $12,343,000 after buying an additional 2,110 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on NFLX. Morgan Stanley increased their target price on Netflix from $700.00 to $780.00 and gave the company an “overweight” rating in a research report on Monday, July 15th. Needham & Company LLC reiterated a “buy” rating and set a $700.00 price objective on shares of Netflix in a research report on Friday, July 19th. UBS Group lifted their price objective on shares of Netflix from $685.00 to $750.00 and gave the stock a “buy” rating in a research note on Friday, July 19th. Argus upped their target price on shares of Netflix from $660.00 to $767.00 and gave the company a “buy” rating in a research report on Tuesday, July 2nd. Finally, StockNews.com lowered Netflix from a “buy” rating to a “hold” rating in a research report on Saturday, September 7th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and twenty-three have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $685.29.

Netflix Trading Up 0.8 %

NASDAQ:NFLX opened at $686.80 on Friday. The firm has a 50-day simple moving average of $659.87 and a 200-day simple moving average of $636.58. Netflix, Inc. has a one year low of $344.73 and a one year high of $711.33. The firm has a market cap of $294.75 billion, a P/E ratio of 47.66, a P/E/G ratio of 1.40 and a beta of 1.26. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.95 and a current ratio of 0.95.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data 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. The company had revenue of $9.56 billion during the quarter, compared to the consensus estimate of $9.53 billion. Netflix had a net margin of 19.54% and a return on equity of 32.93%. Netflix’s revenue for the quarter was up 16.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.29 earnings per share. Equities analysts anticipate that Netflix, Inc. will post 19.08 EPS for the current fiscal year.

Insider Transactions at Netflix

In other news, Chairman Reed Hastings sold 25,074 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $680.92, for a total value of $17,073,388.08. Following the sale, the chairman now directly owns 85 shares in the company, valued at approximately $57,878.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Netflix news, CEO Gregory K. Peters sold 1,278 shares of the stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $614.44, for a total value of $785,254.32. Following the completion of the sale, the chief executive officer now directly owns 13,090 shares in the company, valued at $8,043,019.60. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Chairman Reed Hastings sold 25,074 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $680.92, for a total value of $17,073,388.08. Following the completion of the sale, the chairman now directly owns 85 shares of the company’s stock, valued at approximately $57,878.20. The disclosure for this sale can be found here. In the last three months, insiders sold 153,048 shares of company stock valued at $99,493,359. 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.