Netflix, Inc. (NASDAQ:NFLX) Shares Purchased by Embree Financial Group

Embree Financial Group raised its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 4.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 736 shares of the Internet television network’s stock after purchasing an additional 34 shares during the quarter. Embree Financial Group’s holdings in Netflix were worth $447,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. Capital World Investors grew its stake in Netflix by 0.7% during the 4th quarter. Capital World Investors now owns 11,744,636 shares of the Internet television network’s stock valued at $5,718,265,000 after purchasing an additional 78,320 shares in the last quarter. Jennison Associates LLC grew its position in shares of Netflix by 17.0% in the 1st quarter. Jennison Associates LLC now owns 6,381,464 shares of the Internet television network’s stock worth $3,875,655,000 after acquiring an additional 929,193 shares in the last quarter. Norges Bank acquired a new position in shares of Netflix in the 4th quarter worth approximately $2,558,598,000. Fisher Asset Management LLC grew its position in shares of Netflix by 1.9% in the 4th quarter. Fisher Asset Management LLC now owns 4,121,104 shares of the Internet television network’s stock worth $2,006,483,000 after acquiring an additional 78,298 shares in the last quarter. Finally, Wellington Management Group LLP grew its position in shares of Netflix by 540.9% in the 4th quarter. Wellington Management Group LLP now owns 3,878,785 shares of the Internet television network’s stock worth $1,888,503,000 after acquiring an additional 3,273,592 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Stock Down 1.2 %

NFLX traded down $8.09 during trading on Wednesday, reaching $677.65. 2,647,777 shares of the stock traded hands, compared to its average volume of 3,899,817. The stock has a market cap of $292.07 billion, a price-to-earnings ratio of 47.03, a price-to-earnings-growth ratio of 1.48 and a beta of 1.27. Netflix, Inc. has a fifty-two week low of $344.73 and a fifty-two week high of $697.49. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.07 and a quick ratio of 1.07. The stock’s 50-day simple moving average is $648.59 and its two-hundred day simple moving average is $595.44.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share for the quarter, topping analysts’ consensus estimates of $4.51 by $0.77. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The company had revenue of $9.37 billion during the quarter, compared to analysts’ expectations of $9.28 billion. During the same quarter in the previous year, the firm earned $2.88 earnings per share. The business’s quarterly revenue was up 14.8% compared to the same quarter last year. As a group, equities research analysts expect that Netflix, Inc. will post 18.31 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently commented on NFLX shares. KeyCorp lifted their target price on Netflix from $707.00 to $735.00 and gave the stock an “overweight” rating in a research report on Wednesday. Canaccord Genuity Group lowered Netflix from a “buy” rating to a “hold” rating and decreased their target price for the stock from $720.00 to $585.00 in a research report on Friday, April 19th. Argus lifted 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. Wells Fargo & Company lifted their target price on Netflix from $650.00 to $726.00 and gave the stock an “overweight” rating in a research report on Friday, April 19th. Finally, Loop Capital raised their price target on Netflix from $700.00 to $750.00 and gave the stock a “buy” rating in a report on Tuesday, June 18th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $639.57.

Insiders Place Their Bets

In related news, Director Anne M. Sweeney sold 633 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $560.00, for a total transaction of $354,480.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Anne M. Sweeney sold 633 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $560.00, for a total transaction of $354,480.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Reed Hastings sold 22,526 shares of the stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $670.49, for a total value of $15,103,457.74. Following the sale, the chairman now owns 57 shares of the company’s stock, valued at approximately $38,217.93. The disclosure for this sale can be found here. Insiders sold 71,385 shares of company stock valued at $44,469,351 over the last quarter. Insiders own 1.76% of the company’s stock.

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.