Advisory Resource Group Purchases New Position in Netflix, Inc. (NASDAQ:NFLX)

Advisory Resource Group purchased a new stake in Netflix, Inc. (NASDAQ:NFLX) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 473 shares of the Internet television network’s stock, valued at approximately $208,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NFLX. Baldrige Asset Management LLC boosted its holdings in shares of Netflix by 156.3% in the first quarter. Baldrige Asset Management LLC now owns 82 shares of the Internet television network’s stock valued at $28,000 after acquiring an additional 50 shares during the period. Tanglewood Legacy Advisors LLC acquired a new stake in shares of Netflix in the fourth quarter valued at approximately $29,000. Barrett & Company Inc. acquired a new stake in shares of Netflix in the first quarter valued at approximately $29,000. Manchester Capital Management LLC boosted its holdings in shares of Netflix by 8,700.0% in the first quarter. Manchester Capital Management LLC now owns 88 shares of the Internet television network’s stock valued at $30,000 after acquiring an additional 87 shares during the period. Finally, Retirement Group LLC boosted its holdings in shares of Netflix by 52.6% in the first quarter. Retirement Group LLC now owns 87 shares of the Internet television network’s stock valued at $30,000 after acquiring an additional 30 shares during the period. 79.95% of the stock is owned by institutional investors and hedge funds.

Netflix Stock Down 0.6 %

NFLX opened at $394.40 on Tuesday. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.62. The firm has a market cap of $174.78 billion, a P/E ratio of 42.00, a PEG ratio of 1.32 and a beta of 1.29. Netflix, Inc. has a 52 week low of $211.73 and a 52 week high of $485.00. The business’s fifty day simple moving average is $430.91 and its 200 day simple moving average is $384.60.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Wednesday, July 19th. The Internet television network reported $3.29 EPS for the quarter, beating analysts’ consensus estimates of $2.85 by $0.44. The business had revenue of $8.19 billion for the quarter, compared to analyst estimates of $8.29 billion. Netflix had a return on equity of 19.76% and a net margin of 13.22%. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter last year, the company earned $3.20 earnings per share. As a group, equities research analysts anticipate that Netflix, Inc. will post 11.92 EPS for the current fiscal year.

Insider Activity at Netflix

In related news, CEO Theodore A. Sarandos sold 55,386 shares of the stock in a transaction on Friday, August 4th. The stock was sold at an average price of $431.10, for a total transaction of $23,876,904.60. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Netflix news, CEO Theodore A. Sarandos sold 55,386 shares of the firm’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $431.10, for a total value of $23,876,904.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Richard N. Barton sold 500 shares of the firm’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $443.07, for a total value of $221,535.00. Following the completion of the sale, the director now directly owns 152 shares in the company, valued at $67,346.64. The disclosure for this sale can be found here. Insiders have sold a total of 125,377 shares of company stock valued at $54,547,674 over the last quarter. Insiders own 2.45% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on NFLX shares. Benchmark reissued a “sell” rating and issued a $293.00 price objective on shares of Netflix in a report on Thursday, September 14th. Wedbush increased their price objective on Netflix from $475.00 to $525.00 and gave the company an “outperform” rating in a report on Thursday, July 20th. Robert W. Baird upgraded Netflix from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $340.00 to $500.00 in a research note on Monday, July 24th. KeyCorp restated a “sector weight” rating on shares of Netflix in a research note on Thursday, July 20th. Finally, JPMorgan Chase & Co. upped their price target on Netflix from $495.00 to $505.00 and gave the stock an “overweight” rating in a research note on Thursday, July 20th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and twenty-four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $431.44.

About Netflix

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and mobile games across various genres and languages. The company provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, television set-top boxes, and mobile devices.