2,917 Shares in Netflix, Inc. (NASDAQ:NFLX) Bought by Marshall Financial Group LLC

Marshall Financial Group LLC acquired a new position in shares of Netflix, Inc. (NASDAQ:NFLX) during the second quarter, HoldingsChannel reports. The institutional investor acquired 2,917 shares of the Internet television network’s stock, valued at approximately $1,969,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Valued Wealth Advisors LLC raised its stake in shares of Netflix by 80.0% during the 1st quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock worth $27,000 after buying an additional 20 shares in the last quarter. VitalStone Financial LLC increased 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 valued at $30,000 after purchasing an additional 56 shares during the last quarter. Beaird Harris Wealth Management LLC boosted its holdings 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 valued at $32,000 after purchasing an additional 62 shares during the last quarter. Scarborough Advisors LLC acquired a new position in Netflix during the fourth quarter valued at approximately $32,000. Finally, Indiana Trust & Investment Management CO boosted its position in shares of Netflix by 112.0% in the first quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock worth $32,000 after buying an additional 28 shares during the period. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Insider Buying and Selling

In related news, Director Jay C. Hoag sold 37,675 shares of the stock in a transaction on Monday, August 12th. The stock was sold at an average price of $629.73, for a total value of $23,725,077.75. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Netflix news, Director Jay C. Hoag sold 37,675 shares of the stock in a transaction on Monday, August 12th. The shares were sold at an average price of $629.73, for a total transaction of $23,725,077.75. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Gregory K. Peters sold 4,783 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at $8,835,750. The disclosure for this sale can be found here. In the last quarter, insiders sold 132,893 shares of company stock worth $84,412,483. 1.76% of the stock is owned by corporate insiders.

Netflix Trading Up 1.6 %

NASDAQ:NFLX traded up $10.85 during trading hours on Friday, reaching $674.07. 3,511,014 shares of the stock were exchanged, compared to its average volume of 3,896,356. The company has a market capitalization of $290.52 billion, a price-to-earnings ratio of 46.78, a PEG ratio of 1.28 and a beta of 1.27. Netflix, Inc. has a twelve month low of $344.73 and a twelve month high of $697.49. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.55. The business has a 50-day moving average of $654.47 and a two-hundred day moving average of $621.61.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on NFLX. Piper Sandler upped their target price on shares of Netflix from $600.00 to $650.00 and gave the company a “neutral” rating in a research note on Friday, July 19th. Argus upped their price objective on Netflix from $660.00 to $767.00 and gave the company a “buy” rating in a report on Tuesday, July 2nd. Needham & Company LLC reaffirmed a “buy” rating and set a $700.00 price objective on shares of Netflix in a research note on Friday, July 19th. Evercore ISI boosted their price objective on shares of Netflix from $700.00 to $710.00 and gave the company an “outperform” rating in a research report on Friday, July 19th. Finally, Citigroup increased their price target on shares of Netflix from $660.00 to $675.00 and gave the stock a “neutral” rating in a research note on Monday, July 22nd. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twenty-four have assigned a buy rating to the company. According to MarketBeat.com, Netflix has an average rating of “Moderate Buy” and a consensus price target of $681.21.

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.