Toth Financial Advisory Corp Buys 17 Shares of Netflix, Inc. (NASDAQ:NFLX)

Toth Financial Advisory Corp lifted its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 1.1% in the third quarter, according to its most recent filing with the SEC. The fund owned 1,595 shares of the Internet television network’s stock after acquiring an additional 17 shares during the period. Toth Financial Advisory Corp’s holdings in Netflix were worth $1,131,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. DigitalBridge Group Inc. boosted its holdings in shares of Netflix by 35.5% in the 2nd quarter. DigitalBridge Group Inc. now owns 36,063 shares of the Internet television network’s stock worth $24,338,000 after purchasing an additional 9,451 shares in the last quarter. M&G Plc bought a new position in Netflix during the first quarter valued at approximately $9,682,000. BSN CAPITAL PARTNERS Ltd raised its stake in shares of Netflix by 24.4% during the first quarter. BSN CAPITAL PARTNERS Ltd now owns 250,000 shares of the Internet television network’s stock worth $155,185,000 after acquiring an additional 49,000 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in shares of Netflix by 58.2% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 82,931 shares of the Internet television network’s stock worth $55,968,000 after acquiring an additional 30,511 shares in the last quarter. Finally, First Trust Direct Indexing L.P. lifted its holdings in shares of Netflix by 14.9% in the 1st quarter. First Trust Direct Indexing L.P. now owns 10,330 shares of the Internet television network’s stock worth $6,274,000 after acquiring an additional 1,342 shares during the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Wells Fargo & Company increased their target price on shares of Netflix from $758.00 to $797.00 and gave the company an “overweight” rating in a report on Friday. The Goldman Sachs Group set a $750.00 price objective on Netflix in a report on Friday. Wolfe Research reissued an “outperform” rating on shares of Netflix in a research note on Friday. UBS Group raised their price target on Netflix from $750.00 to $825.00 and gave the stock a “buy” rating in a research report on Friday. Finally, JPMorgan Chase & Co. lifted their price target on Netflix from $750.00 to $850.00 and gave the stock an “overweight” rating in a research note on Friday. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $747.70.

Netflix Stock Up 0.2 %

Shares of Netflix stock traded up $1.78 during midday trading on Monday, hitting $765.67. The company had a trading volume of 2,862,893 shares, compared to its average volume of 3,719,193. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.95 and a current ratio of 0.95. The company has a 50 day moving average of $696.38 and a 200 day moving average of $655.12. Netflix, Inc. has a 52-week low of $395.62 and a 52-week high of $769.28. The stock has a market capitalization of $330.00 billion, a P/E ratio of 52.74, a P/E/G ratio of 1.49 and a beta of 1.26.

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

Insider Activity

In related news, CFO Spencer Adam Neumann sold 433 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $626.19, for a total value of $271,140.27. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Netflix news, CFO Spencer Adam Neumann sold 433 shares of the business’s stock in a transaction dated Thursday, August 8th. The stock was 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 accessible through the SEC website. Also, Director Leslie J. Kilgore sold 383 shares of the firm’s stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $730.00, for a total transaction of $279,590.00. Following the sale, the director now directly owns 35,262 shares in the company, valued at approximately $25,741,260. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 225,167 shares of company stock worth $150,492,460 over the last 90 days. 1.76% of the stock is currently owned by insiders.

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.