Nadler Financial Group Inc. Increases Holdings in Netflix, Inc. (NASDAQ:NFLX)

Nadler Financial Group Inc. raised its holdings in Netflix, Inc. (NASDAQ:NFLX) by 3.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,076 shares of the Internet television network’s stock after purchasing an additional 31 shares during the period. Nadler Financial Group Inc.’s holdings in Netflix were worth $726,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the company. Enzi Wealth purchased a new position in shares of Netflix in the 2nd quarter valued at about $211,000. Liberty One Investment Management LLC raised its holdings in Netflix by 75.3% during the second quarter. Liberty One Investment Management LLC now owns 391 shares of the Internet television network’s stock worth $264,000 after purchasing an additional 168 shares during the last quarter. Sanibel Captiva Trust Company Inc. increased its position in Netflix by 5.5% during the second quarter. Sanibel Captiva Trust Company Inc. now owns 1,810 shares of the Internet television network’s stock worth $1,222,000 after buying an additional 95 shares in the last quarter. SeaCrest Wealth Management LLC grew its position in shares of Netflix by 3.8% in the second quarter. SeaCrest Wealth Management LLC now owns 3,895 shares of the Internet television network’s stock valued at $2,629,000 after purchasing an additional 143 shares during the period. Finally, Sunpointe LLC grew its position in shares of Netflix by 17.0% in the second quarter. Sunpointe LLC now owns 709 shares of the Internet television network’s stock valued at $478,000 after purchasing an additional 103 shares during the period. 80.93% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently commented on NFLX shares. Piper Sandler boosted their price target on Netflix from $600.00 to $650.00 and gave the stock a “neutral” rating in a research note on Friday, July 19th. Oppenheimer restated an “outperform” rating and issued a $725.00 target price on shares of Netflix in a report on Tuesday, July 30th. Citigroup upped 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. Sanford C. Bernstein increased their target price on shares of Netflix from $600.00 to $625.00 and gave the stock a “market perform” rating in a research report on Friday, July 19th. Finally, Bank of America upped their price target on shares of Netflix from $700.00 to $740.00 and gave the company a “buy” rating in a report on Monday, July 15th. 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. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $681.21.

Netflix Stock Up 1.5 %

Netflix stock traded up $10.01 during mid-day trading on Tuesday, reaching $698.54. 4,806,592 shares of the company’s stock were exchanged, compared to its average volume of 3,896,971. Netflix, Inc. has a twelve month low of $344.73 and a twelve month high of $711.33. The company has a fifty day moving average of $655.35 and a 200-day moving average of $622.86. The company has a market cap of $301.07 billion, a P/E ratio of 48.40, a P/E/G ratio of 1.28 and a beta of 1.27. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.55.

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

Insiders Place Their Bets

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. In other Netflix news, Chairman Reed Hastings sold 19,943 shares of Netflix stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $633.58, for a total transaction of $12,635,485.94. Following the sale, the chairman now owns 57 shares in the company, valued at $36,114.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jay C. Hoag sold 37,675 shares of Netflix stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $629.73, for a total value of $23,725,077.75. The disclosure for this sale can be found here. Insiders sold a total of 132,893 shares of company stock worth $84,412,483 over the last ninety days. 1.76% of the stock is owned by company 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.