Worth Asset Management LLC Boosts Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Worth Asset Management LLC raised its stake in Netflix, Inc. (NASDAQ:NFLX) by 4,025.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 330 shares of the Internet television network’s stock after purchasing an additional 322 shares during the period. Worth Asset Management LLC’s holdings in Netflix were worth $145,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NFLX. Arete Wealth Advisors LLC purchased a new stake in shares of Netflix during the first quarter worth about $885,000. Old North State Trust LLC grew its stake in shares of Netflix by 25.7% during the first quarter. Old North State Trust LLC now owns 357 shares of the Internet television network’s stock worth $123,000 after acquiring an additional 73 shares during the last quarter. US Bancorp DE grew its stake in shares of Netflix by 7.5% during the first quarter. US Bancorp DE now owns 113,184 shares of the Internet television network’s stock worth $39,103,000 after acquiring an additional 7,872 shares during the last quarter. ETF Managers Group LLC lifted its holdings in shares of Netflix by 376.5% during the first quarter. ETF Managers Group LLC now owns 9,040 shares of the Internet television network’s stock worth $3,123,000 after purchasing an additional 7,143 shares during the period. Finally, Coastline Trust Co lifted its holdings in shares of Netflix by 479.4% during the first quarter. Coastline Trust Co now owns 5,510 shares of the Internet television network’s stock worth $1,904,000 after purchasing an additional 4,559 shares during the period. Hedge funds and other institutional investors own 79.95% of the company’s stock.

Insider Activity

In related news, Director Timothy M. Haley sold 1,022 shares of Netflix stock in a transaction that occurred on Wednesday, July 5th. The shares were sold at an average price of $450.19, for a total value of $460,094.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Timothy M. Haley sold 1,022 shares of Netflix stock in a transaction that occurred on Wednesday, July 5th. The shares were sold at an average price of $450.19, for a total value of $460,094.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Reed Hastings sold 23,415 shares of Netflix stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $436.92, for a total transaction of $10,230,481.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 125,377 shares of company stock valued at $54,547,674. 2.45% of the stock is currently owned by company insiders.

Netflix Trading Down 0.6 %

NASDAQ NFLX opened at $394.40 on Tuesday. The firm has a 50 day simple moving average of $430.91 and a 200-day simple moving average of $384.60. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.33 and a current ratio of 1.33. Netflix, Inc. has a one year low of $211.73 and a one year high of $485.00. The firm has a market cap of $174.78 billion, a price-to-earnings ratio of 42.00, a PEG ratio of 1.32 and a beta of 1.29.

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 the consensus estimate of $2.85 by $0.44. Netflix had a net margin of 13.22% and a return on equity of 19.76%. The business had revenue of $8.19 billion during the quarter, compared to analyst estimates of $8.29 billion. During the same quarter last year, the firm posted $3.20 earnings per share. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. Equities research analysts anticipate that Netflix, Inc. will post 11.92 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have issued reports on NFLX shares. Bank of America increased their price objective on shares of Netflix from $490.00 to $525.00 and gave the company a “buy” rating in a report on Thursday, July 20th. Citigroup increased their price objective on shares of Netflix from $400.00 to $500.00 and gave the company a “buy” rating in a report on Thursday, June 29th. Benchmark reiterated a “sell” rating and issued a $293.00 target price on shares of Netflix in a research report on Thursday, September 14th. The Goldman Sachs Group upgraded shares of Netflix from a “sell” rating to a “neutral” rating and increased their target price for the company from $230.00 to $400.00 in a research report on Wednesday, July 5th. Finally, Rosenblatt Securities increased their target price on shares of Netflix from $358.00 to $400.00 and gave the company a “neutral” rating in a research report on Thursday, July 20th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and twenty-four have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.