Morling Financial Advisors LLC Purchases Shares of 329 Netflix, Inc. (NASDAQ:NFLX)

Morling Financial Advisors LLC acquired a new stake in shares of Netflix, Inc. (NASDAQ:NFLXFree Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 329 shares of the Internet television network’s stock, valued at approximately $222,000.

Other hedge funds also recently modified their holdings of the company. Precision Wealth Strategies LLC lifted its position in shares of Netflix by 3.5% during the 4th quarter. Precision Wealth Strategies LLC now owns 2,444 shares of the Internet television network’s stock valued at $1,190,000 after buying an additional 83 shares during the last quarter. Gilbert & Cook Inc. boosted its position in shares of Netflix by 5.9% during the 4th quarter. Gilbert & Cook Inc. now owns 2,177 shares of the Internet television network’s stock valued at $1,060,000 after acquiring an additional 121 shares during the last quarter. Aveo Capital Partners LLC lifted its position in Netflix by 6.9% during the fourth quarter. Aveo Capital Partners LLC now owns 667 shares of the Internet television network’s stock valued at $325,000 after purchasing an additional 43 shares during the last quarter. Gryphon Financial Partners LLC grew its position in Netflix by 20.4% in the fourth quarter. Gryphon Financial Partners LLC now owns 3,971 shares of the Internet television network’s stock worth $1,933,000 after acquiring an additional 674 shares in the last quarter. Finally, McKinley Carter Wealth Services Inc. bought a new position in shares of Netflix during the 4th quarter valued at about $276,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Gregory K. Peters sold 4,783 shares of the stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $675.00, for a total value of $3,228,525.00. Following the completion of the transaction, the chief executive officer now owns 13,090 shares in the company, valued at approximately $8,835,750. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Netflix news, CEO Gregory K. Peters sold 1,278 shares of the business’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $614.44, for a total value of $785,254.32. Following the transaction, the chief executive officer now owns 13,090 shares in the company, valued at $8,043,019.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gregory K. Peters sold 4,783 shares of the stock in a transaction on Friday, June 14th. The stock was 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 in the company, valued at $8,835,750. The disclosure for this sale can be found here. Insiders have sold 157,831 shares of company stock valued at $102,721,884 over the last three months. Company insiders own 1.76% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on NFLX. The Goldman Sachs Group increased their target price on Netflix from $650.00 to $659.00 and gave the company a “neutral” rating in a report on Friday, July 19th. UBS Group increased their target price on Netflix from $685.00 to $750.00 and gave the stock a “buy” rating in a research report on Friday, July 19th. China Renaissance started coverage on shares of Netflix in a report on Thursday, September 5th. They issued a “hold” rating and a $680.00 price objective on the stock. Bank of America upped their price target on shares of Netflix from $700.00 to $740.00 and gave the stock a “buy” rating in a research note on Monday, July 15th. Finally, JPMorgan Chase & Co. upped their price target on Netflix from $650.00 to $750.00 and gave the company an “overweight” rating in a report on Friday, July 12th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and twenty-three have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $685.29.

View Our Latest Report on Netflix

Netflix Stock Performance

Shares of NASDAQ:NFLX opened at $673.62 on Wednesday. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.95 and a quick ratio of 0.95. Netflix, Inc. has a 12 month low of $344.73 and a 12 month high of $711.33. The firm has a market capitalization of $289.10 billion, a PE ratio of 46.75, a P/E/G ratio of 1.36 and a beta of 1.26. The business has a 50-day moving average of $659.81 and a two-hundred day moving average of $635.91.

Netflix (NASDAQ:NFLXGet Free Report) last released its earnings results on Thursday, July 18th. The Internet television network reported $4.88 EPS for the quarter, beating the consensus estimate of $4.74 by $0.14. The company had revenue of $9.56 billion during the quarter, compared to analysts’ expectations of $9.53 billion. Netflix had a return on equity of 32.93% and a net margin of 19.54%. The business’s revenue was up 16.8% on a year-over-year basis. During the same period in the prior year, the business posted $3.29 EPS. As a group, research analysts forecast that Netflix, Inc. will post 19.08 earnings per share for the current year.

Netflix Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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