Dorsey & Whitney Trust CO LLC Acquires 118 Shares of Netflix, Inc. (NASDAQ:NFLX)

Dorsey & Whitney Trust CO LLC raised its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 3.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,108 shares of the Internet television network’s stock after purchasing an additional 118 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in Netflix were worth $2,098,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Global X Japan Co. Ltd. lifted its stake in Netflix by 15.7% in the second quarter. Global X Japan Co. Ltd. now owns 8,470 shares of the Internet television network’s stock worth $5,716,000 after acquiring an additional 1,147 shares during the period. LGT Fund Management Co Ltd. raised its holdings in Netflix by 39.3% in the 2nd quarter. LGT Fund Management Co Ltd. now owns 8,034 shares of the Internet television network’s stock worth $5,422,000 after purchasing an additional 2,268 shares in the last quarter. LGT Group Foundation lifted its position in shares of Netflix by 3,097.5% in the 2nd quarter. LGT Group Foundation now owns 7,674 shares of the Internet television network’s stock worth $5,179,000 after purchasing an additional 7,434 shares during the period. Liberty Wealth Management LLC bought a new stake in shares of Netflix during the 2nd quarter valued at about $2,633,000. Finally, Choreo LLC increased its position in shares of Netflix by 291.9% during the second quarter. Choreo LLC now owns 20,886 shares of the Internet television network’s stock valued at $14,071,000 after buying an additional 15,556 shares during the period. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Insider Transactions at Netflix

In related news, CEO Gregory K. Peters sold 4,783 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $675.00, for a total transaction of $3,228,525.00. Following the completion of the sale, the chief executive officer now directly owns 13,090 shares in the company, valued at $8,835,750. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Gregory K. Peters sold 4,783 shares of the firm’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $675.00, for a total value of $3,228,525.00. Following the transaction, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at approximately $8,835,750. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Spencer Adam Neumann sold 433 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $626.19, for a total value of $271,140.27. The disclosure for this sale can be found here. Insiders have sold 157,831 shares of company stock worth $102,721,884 in the last quarter. Company insiders own 1.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on NFLX shares. Oppenheimer restated an “outperform” rating and issued a $725.00 price objective on shares of Netflix in a report on Tuesday, July 30th. TD Cowen raised their target price on Netflix from $725.00 to $775.00 and gave the company a “buy” rating in a research note on Tuesday, July 9th. JPMorgan Chase & Co. upped their price target on Netflix from $650.00 to $750.00 and gave the stock an “overweight” rating in a research note on Friday, July 12th. Redburn Atlantic raised their price objective on Netflix from $740.00 to $760.00 and gave the company a “buy” rating in a research report on Friday, July 19th. Finally, StockNews.com cut shares of Netflix from a “buy” rating to a “hold” rating in a report on Saturday. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and twenty-three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $685.29.

Netflix Price Performance

Shares of NFLX opened at $675.42 on Tuesday. The firm has a fifty day simple moving average of $659.93 and a two-hundred day simple moving average of $635.27. The firm has a market cap of $289.87 billion, a PE ratio of 46.87, a P/E/G ratio of 1.36 and a beta of 1.26. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.55. Netflix, Inc. has a 1-year low of $344.73 and a 1-year high of $711.33.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, July 18th. The Internet television network reported $4.88 EPS for the quarter, beating analysts’ consensus estimates of $4.74 by $0.14. The company had revenue of $9.56 billion during the quarter, compared to analysts’ expectations of $9.53 billion. Netflix had a return on equity of 32.93% and a net margin of 19.54%. Netflix’s revenue for the quarter was up 16.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.29 earnings per share. On average, equities analysts anticipate that Netflix, Inc. will post 19.08 EPS for the current year.

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.