Moloney Securities Asset Management LLC Buys Shares of 770 Netflix, Inc. (NASDAQ:NFLX)

Moloney Securities Asset Management LLC bought a new stake in shares of Netflix, Inc. (NASDAQ:NFLX) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 770 shares of the Internet television network’s stock, valued at approximately $283,000.

A number of other large investors have also added to or reduced their stakes in the business. Hartford Investment Management Co. lifted its holdings in shares of Netflix by 0.8% during the 2nd quarter. Hartford Investment Management Co. now owns 53,204 shares of the Internet television network’s stock valued at $19,543,000 after buying an additional 447 shares during the last quarter. Magnus Financial Group LLC lifted its holdings in shares of Netflix by 3.2% during the 1st quarter. Magnus Financial Group LLC now owns 1,120 shares of the Internet television network’s stock valued at $399,000 after buying an additional 35 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Netflix by 1.9% during the 1st quarter. Northern Trust Corp now owns 4,948,504 shares of the Internet television network’s stock valued at $1,764,438,000 after buying an additional 90,312 shares during the last quarter. Telos Capital Management Inc. lifted its holdings in shares of Netflix by 21.7% during the 1st quarter. Telos Capital Management Inc. now owns 1,236 shares of the Internet television network’s stock valued at $441,000 after buying an additional 220 shares during the last quarter. Finally, Dearborn Partners LLC lifted its holdings in shares of Netflix by 10.4% during the 2nd quarter. Dearborn Partners LLC now owns 1,106 shares of the Internet television network’s stock valued at $406,000 after buying an additional 104 shares during the last quarter. 77.03% of the stock is currently owned by institutional investors.

Several equities research analysts have recently issued reports on the company. Loop Capital upgraded Netflix from a “hold” rating to a “buy” rating and lifted their price target for the company from $395.00 to $425.00 in a report on Monday, June 3rd. Imperial Capital reduced their price target on Netflix from $463.00 to $458.00 and set an “outperform” rating for the company in a report on Friday, April 26th. Raymond James reduced their price target on Netflix from $470.00 to $450.00 and set a “strong-buy” rating for the company in a report on Thursday, July 18th. Rosenblatt Securities restated a “neutral” rating and issued a $370.00 target price (up from $350.00) on shares of Netflix in a report on Wednesday, July 10th. Finally, Buckingham Research reduced their target price on Netflix from $382.00 to $358.00 and set a “neutral” rating for the company in a report on Wednesday, April 17th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $390.47.

NASDAQ NFLX traded down $6.97 during trading on Friday, hitting $308.93. The company’s stock had a trading volume of 4,934,062 shares, compared to its average volume of 10,160,430. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 2.06. The business’s 50 day moving average is $348.05. The firm has a market cap of $138.31 billion, a price-to-earnings ratio of 115.27, a P/E/G ratio of 3.21 and a beta of 1.23. Netflix, Inc. has a 52 week low of $231.23 and a 52 week high of $386.80.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Wednesday, July 17th. The Internet television network reported $0.60 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.04. The company had revenue of $4.92 billion for the quarter, compared to the consensus estimate of $4.93 billion. Netflix had a return on equity of 20.88% and a net margin of 6.53%. The company’s revenue for the quarter was up 26.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.85 EPS. As a group, analysts predict that Netflix, Inc. will post 3.28 earnings per share for the current year.

In other Netflix news, CEO Reed Hastings sold 57,414 shares of Netflix stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $348.88, for a total value of $20,030,596.32. Following the transaction, the chief executive officer now directly owns 57,414 shares of the company’s stock, valued at approximately $20,030,596.32. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Bradford L. Smith purchased 6,499 shares of the company’s stock in a transaction on Thursday, August 8th. The stock was acquired at an average cost of $308.49 per share, for a total transaction of $2,004,876.51. Following the completion of the transaction, the director now owns 799 shares in the company, valued at $246,483.51. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 165,862 shares of company stock worth $56,966,404. Company insiders own 4.29% of the company’s stock.

Netflix Profile

Netflix, Inc provides Internet entertainment services. The company operates in three segments: Domestic streaming, International streaming, and Domestic DVD. It offers TV series, documentaries, and feature films across various genres and languages. The company provides members the ability to receive streaming content through a host of Internet-connected screens, including TVs, digital video players, television set-top boxes, and mobile devices.

Further Reading: Economic Bubble

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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