MJP Associates Inc. ADV Acquires 101 Shares of Netflix, Inc. (NASDAQ:NFLX)

MJP Associates Inc. ADV increased its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 17.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 693 shares of the Internet television network’s stock after purchasing an additional 101 shares during the quarter. MJP Associates Inc. ADV’s holdings in Netflix were worth $468,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Valued Wealth Advisors LLC grew its position in Netflix by 80.0% in the 1st quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock valued at $27,000 after purchasing an additional 20 shares during the period. VitalStone Financial LLC lifted its stake in Netflix by 933.3% in the fourth quarter. VitalStone Financial LLC now owns 62 shares of the Internet television network’s stock worth $30,000 after acquiring an additional 56 shares during the period. Beaird Harris Wealth Management LLC raised its position in shares of Netflix by 1,550.0% in the 4th quarter. Beaird Harris Wealth Management LLC now owns 66 shares of the Internet television network’s stock worth $32,000 after acquiring an additional 62 shares in the last quarter. Scarborough Advisors LLC purchased a new stake in Netflix in the fourth quarter worth about $32,000. Finally, Indiana Trust & Investment Management CO boosted its stake in Netflix by 112.0% in the 1st quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock worth $32,000 after purchasing an additional 28 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

Netflix Trading Up 0.6 %

Netflix stock traded up $3.59 during trading on Friday, reaching $633.94. The company had a trading volume of 1,980,836 shares, compared to its average volume of 3,921,475. The stock’s 50 day moving average price is $652.98 and its two-hundred day moving average price is $618.88. The firm has a market capitalization of $273.23 billion, a price-to-earnings ratio of 43.99, a PEG ratio of 1.28 and a beta of 1.27. Netflix, Inc. has a 12-month low of $344.73 and a 12-month high of $697.49. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.95 and a current ratio of 0.95.

Netflix (NASDAQ:NFLX) last issued its earnings results 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. Netflix had a return on equity of 32.93% and a net margin of 19.54%. The company had revenue of $9.56 billion during the quarter, compared to the consensus estimate of $9.53 billion. During the same period in the previous year, the firm posted $3.29 earnings per share. Netflix’s quarterly revenue was up 16.8% compared to the same quarter last year. As a group, equities analysts expect that Netflix, Inc. will post 19.08 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently commented on NFLX shares. Argus boosted their target price on Netflix from $660.00 to $767.00 and gave the stock a “buy” rating in a research report on Tuesday, July 2nd. CICC Research began coverage on Netflix in a report on Thursday, May 2nd. They set an “outperform” rating and a $650.00 price target for the company. Guggenheim increased their price objective on Netflix from $700.00 to $735.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. UBS Group raised their target price on shares of Netflix from $685.00 to $750.00 and gave the stock a “buy” rating in a research note on Friday, July 19th. Finally, Oppenheimer reissued an “outperform” rating and issued a $725.00 price target on shares of Netflix in a report on Tuesday, July 30th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and twenty-four have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $681.21.

Insider Activity at Netflix

In other news, CFO Spencer Adam Neumann sold 433 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $626.19, for a total value of $271,140.27. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Spencer Adam Neumann sold 433 shares of the firm’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $626.19, for a total transaction of $271,140.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider David A. Hyman sold 20,656 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $605.13, for a total transaction of $12,499,565.28. Following the transaction, the insider now directly owns 31,610 shares in the company, valued at $19,128,159.30. The disclosure for this sale can be found here. Insiders sold 95,218 shares of company stock valued at $60,687,405 in the last three months. Corporate insiders own 1.76% of the company’s stock.

About Netflix

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.