Netflix, Inc. (NASDAQ:NFLX) Shares Acquired by Teamwork Financial Advisors LLC

Teamwork Financial Advisors LLC boosted its position in Netflix, Inc. (NASDAQ:NFLX) by 3,476.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,987 shares of the Internet television network’s stock after buying an additional 15,540 shares during the quarter. Netflix accounts for approximately 1.5% of Teamwork Financial Advisors LLC’s holdings, making the stock its 26th biggest holding. Teamwork Financial Advisors LLC’s holdings in Netflix were worth $9,709,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Veracity Capital LLC grew its position in shares of Netflix by 44.8% during the first quarter. Veracity Capital LLC now owns 640 shares of the Internet television network’s stock worth $389,000 after buying an additional 198 shares in the last quarter. Willis Johnson & Associates Inc. boosted its stake in Netflix by 9.0% during the 1st quarter. Willis Johnson & Associates Inc. now owns 1,030 shares of the Internet television network’s stock valued at $626,000 after acquiring an additional 85 shares during the last quarter. FCG Investment Co increased its position in shares of Netflix by 10.8% in the 1st quarter. FCG Investment Co now owns 2,210 shares of the Internet television network’s stock worth $1,342,000 after purchasing an additional 215 shares during the last quarter. Oak Harvest Investment Services increased its position in shares of Netflix by 5.0% in the 1st quarter. Oak Harvest Investment Services now owns 2,395 shares of the Internet television network’s stock worth $1,454,000 after purchasing an additional 113 shares during the last quarter. Finally, Park Edge Advisors LLC raised its stake in shares of Netflix by 45.6% in the 1st quarter. Park Edge Advisors LLC now owns 1,837 shares of the Internet television network’s stock valued at $1,116,000 after purchasing an additional 575 shares in the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NFLX has been the subject of a number of research reports. KeyCorp lifted their price target on Netflix from $705.00 to $707.00 and gave the stock an “overweight” rating in a research note on Thursday, June 13th. Oppenheimer reiterated an “outperform” rating and issued a $725.00 price target on shares of Netflix in a report on Friday, April 19th. Macquarie raised their price objective on Netflix from $595.00 to $685.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 16th. Loop Capital lifted their price objective on shares of Netflix from $700.00 to $750.00 and gave the stock a “buy” rating in a report on Tuesday, June 18th. Finally, JPMorgan Chase & Co. increased their target price on shares of Netflix from $610.00 to $650.00 and gave the stock an “overweight” rating in a report on Monday, April 8th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Netflix presently has a consensus rating of “Moderate Buy” and a consensus target price of $637.34.

Insider Activity

In other Netflix news, Chairman Reed Hastings sold 22,526 shares of the stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $670.49, for a total value of $15,103,457.74. Following the completion of the sale, the chairman now owns 57 shares in the company, valued at approximately $38,217.93. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Chairman Reed Hastings sold 22,526 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $670.49, for a total value of $15,103,457.74. Following the completion of the sale, the chairman now owns 57 shares of the company’s stock, valued at approximately $38,217.93. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Spencer Adam Neumann sold 564 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $613.08, for a total transaction of $345,777.12. The disclosure for this sale can be found here. Insiders sold 71,385 shares of company stock worth $44,469,351 over the last quarter. Corporate insiders own 1.76% of the company’s stock.

Netflix Trading Up 0.4 %

NFLX traded up $2.93 during trading on Thursday, reaching $682.51. The company had a trading volume of 1,403,545 shares, compared to its average volume of 2,678,236. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.07 and a current ratio of 1.07. Netflix, Inc. has a 12-month low of $344.73 and a 12-month high of $689.88. The company has a market cap of $294.16 billion, a price-to-earnings ratio of 47.36, a PEG ratio of 1.47 and a beta of 1.27. The firm’s 50-day simple moving average is $635.90 and its 200 day simple moving average is $588.63.

Netflix (NASDAQ:NFLX) last released its earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share for the quarter, topping the consensus estimate of $4.51 by $0.77. The business had revenue of $9.37 billion for the quarter, compared to the consensus estimate of $9.28 billion. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The firm’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same period last year, the firm posted $2.88 earnings per share. Equities research analysts anticipate that Netflix, Inc. will post 18.31 earnings per share for the current year.

Netflix Company 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.