Morling Financial Advisors LLC Purchases New Holdings in Netflix, Inc. (NASDAQ:NFLX)

Morling Financial Advisors LLC acquired a new stake in Netflix, Inc. (NASDAQ:NFLX) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 329 shares of the Internet television network’s stock, valued at approximately $222,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NFLX. MGO One Seven LLC lifted its holdings in Netflix by 52.7% during the 2nd quarter. MGO One Seven LLC now owns 10,415 shares of the Internet television network’s stock valued at $7,029,000 after purchasing an additional 3,594 shares during the last quarter. Daiwa Securities Group Inc. increased its stake in shares of Netflix by 18.9% in the 2nd quarter. Daiwa Securities Group Inc. now owns 313,855 shares of the Internet television network’s stock valued at $211,814,000 after buying an additional 49,793 shares during the period. Sachetta LLC raised its holdings in Netflix by 27.4% during the 2nd quarter. Sachetta LLC now owns 121 shares of the Internet television network’s stock worth $75,000 after purchasing an additional 26 shares during the last quarter. Dorsey & Whitney Trust CO LLC raised its stake in shares of Netflix by 3.9% during the second quarter. Dorsey & Whitney Trust CO LLC now owns 3,108 shares of the Internet television network’s stock worth $2,098,000 after buying an additional 118 shares during the last quarter. Finally, Global X Japan Co. Ltd. raised its position in shares of Netflix by 15.7% during the 2nd quarter. Global X Japan Co. Ltd. now owns 8,470 shares of the Internet television network’s stock valued at $5,716,000 after acquiring an additional 1,147 shares during the last quarter. Institutional investors own 80.93% of the company’s stock.

Netflix Stock Down 0.3 %

Shares of NASDAQ:NFLX opened at $673.62 on Wednesday. The firm has a fifty day moving average of $659.81 and a 200 day moving average of $635.91. Netflix, Inc. has a 52-week low of $344.73 and a 52-week high of $711.33. 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 firm has a market capitalization of $289.10 billion, a PE ratio of 46.75, a price-to-earnings-growth ratio of 1.36 and a beta of 1.26.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data 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 firm 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 company’s revenue was up 16.8% on a year-over-year basis. During the same period in the prior year, the company earned $3.29 EPS. As a group, research analysts anticipate that Netflix, Inc. will post 19.08 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on NFLX. UBS Group increased their price target on shares of Netflix from $685.00 to $750.00 and gave the company a “buy” rating in a research report on Friday, July 19th. Sanford C. Bernstein boosted their target price on shares of Netflix from $600.00 to $625.00 and gave the stock a “market perform” rating in a report on Friday, July 19th. Needham & Company LLC restated a “buy” rating and issued a $700.00 price objective on shares of Netflix in a research note on Friday, July 19th. Pivotal Research raised their target price on shares of Netflix from $800.00 to $900.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Finally, Morgan Stanley boosted their price target on Netflix from $700.00 to $780.00 and gave the company an “overweight” rating in a research note on Monday, July 15th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and twenty-three have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $685.29.

Insider Transactions at Netflix

In related news, CFO Spencer Adam Neumann sold 433 shares of the stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $626.19, for a total transaction of $271,140.27. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CFO Spencer Adam Neumann sold 433 shares of the firm’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 transaction of $271,140.27. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jay C. Hoag sold 37,675 shares of the business’s stock in a transaction that occurred on 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. In the last ninety days, insiders sold 157,831 shares of company stock worth $102,721,884. 1.76% of the stock is currently owned by insiders.

About Netflix

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.