netflix-inc-logo.jpg

Kercheville Advisors LLC Raises Holdings in Netflix, Inc. (…

[ad_1]

Kercheville Advisors LLC grew its position in Netflix, Inc. (NASDAQ:NFLX – Free Report) by 9.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,650 shares of the Internet television network’s stock after buying an additional 815 shares during the quarter. Netflix accounts for 2.6% of Kercheville Advisors LLC’s holdings, making the stock its 15th largest holding. Kercheville Advisors LLC’s holdings in Netflix were worth $4,251,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in NFLX. Fulton Breakefield Broenniman LLC raised its position in shares of Netflix by 3.8% in the 2nd quarter. Fulton Breakefield Broenniman LLC now owns 686 shares of the Internet television network’s stock worth $302,000 after acquiring an additional 25 shares in the last quarter. Cedar Brook Financial Partners LLC raised its position in shares of Netflix by 3.6% in the 2nd quarter. Cedar Brook Financial Partners LLC now owns 748 shares of the Internet television network’s stock worth $329,000 after acquiring an additional 26 shares in the last quarter. Five Oceans Advisors raised its position in shares of Netflix by 0.9% in the 2nd quarter. Five Oceans Advisors now owns 2,771 shares of the Internet television network’s stock worth $1,220,000 after acquiring an additional 26 shares in the last quarter. Dudley Capital Management LLC raised its position in shares of Netflix by 2.0% in the 1st quarter. Dudley Capital Management LLC now owns 1,551 shares of the Internet television network’s stock worth $536,000 after acquiring an additional 30 shares in the last quarter. Finally, Retirement Group LLC raised its position in shares of Netflix by 52.6% in the 1st quarter. Retirement Group LLC now owns 87 shares of the Internet television network’s stock worth $30,000 after acquiring an additional 30 shares in the last quarter. 79.95% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Netflix

In other news, Director Jay C. Hoag sold 943 shares of Netflix stock in a transaction that occurred on Thursday, July 13th. The stock was sold at an average price of $450.00, for a total value of $424,350.00. Following the sale, the director now directly owns 421,491 shares of the company’s stock, valued at $189,670,950. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Jay C. Hoag sold 943 shares of Netflix stock in a transaction that occurred on Thursday, July 13th. The stock was sold at an average price of $450.00, for a total value of $424,350.00. Following the sale, the director now directly owns 421,491 shares of the company’s stock, valued at $189,670,950. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Timothy M. Haley sold 1,022 shares of Netflix stock in a transaction that occurred on Wednesday, July 5th. The stock was sold at an average price of $450.19, for a total value of $460,094.18. The disclosure for this sale can be found here. Insiders have sold 125,377 shares of company stock valued at $54,547,674 over the last ninety days. Insiders own 2.45% of the company’s stock.

Analysts Set New Price Targets

Want More Great Investing Ideas?

Several research analysts have recently commented on the company. Canaccord Genuity Group boosted their price target on Netflix from $470.00 to $525.00 and gave the stock a “buy” rating in a research report on Thursday, July 20th. Truist Financial reaffirmed a “hold” rating and set a $485.00 target price on shares of Netflix in a research report on Friday, September 15th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $500.00 target price on shares of Netflix in a research report on Thursday, July 20th. Piper Sandler upped their target price on Netflix from $350.00 to $440.00 in a research report on Thursday, July 20th. Finally, Jefferies Financial Group upped their target price on Netflix from $440.00 to $520.00 in a research report on Tuesday, July 18th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and twenty-three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $433.06.

Read Our Latest Stock Report on Netflix

Netflix Price Performance

NFLX traded up $1.24 during trading on Friday, hitting $377.60. The company’s stock had a trading volume of 4,205,298 shares, compared to its average volume of 4,805,641. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.62. Netflix, Inc. has a twelve month low of $211.73 and a twelve month high of $485.00. The business’s fifty day simple moving average is $417.93 and its 200 day simple moving average is $388.94. The firm has a market capitalization of $167.33 billion, a price-to-earnings ratio of 40.21, a P/E/G ratio of 1.25 and a beta of 1.29.

Netflix (NASDAQ:NFLX – Get Free Report) last issued its quarterly earnings data on Wednesday, July 19th. The Internet television network reported $3.29 EPS for the quarter, beating the consensus estimate of $2.85 by $0.44. Netflix had a return on equity of 19.76% and a net margin of 13.22%. The company had revenue of $8.19 billion for the quarter, compared to analyst estimates of $8.29 billion. During the same period last year, the company earned $3.20 earnings per share. Netflix’s quarterly revenue was up 2.7% compared to the same quarter last year. On average, equities research analysts forecast that Netflix, Inc. will post 11.91 EPS for the current fiscal year.

Netflix Profile

(Free Report)

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and mobile games across various genres and languages. The company provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, television set-top boxes, and mobile devices.

Featured Articles

Want to see what other hedge funds are holding NFLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Netflix, Inc. (NASDAQ:NFLX – Free Report).

Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

Receive News & Ratings for Netflix Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Netflix and related companies with MarketBeat.com’s FREE daily email newsletter.

[ad_2]
Source link

Comments are closed.