Huntleigh Advisors Inc. Invests $1.04 Million in Netflix, Inc. (NASDAQ:NFLX)

Huntleigh Advisors Inc. acquired a new position in Netflix, Inc. (NASDAQ:NFLX) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,119 shares of the Internet television network’s stock, valued at approximately $1,044,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Netflix by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 37,488,005 shares of the Internet television network’s stock worth $33,413,809,000 after acquiring an additional 171,712 shares during the period. FMR LLC lifted its stake in Netflix by 1.8% in the fourth quarter. FMR LLC now owns 20,887,090 shares of the Internet television network’s stock worth $18,617,081,000 after acquiring an additional 375,234 shares during the period. Geode Capital Management LLC lifted its stake in Netflix by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 9,323,952 shares of the Internet television network’s stock worth $8,287,823,000 after acquiring an additional 175,596 shares during the period. GAMMA Investing LLC lifted its stake in Netflix by 109,524.3% in the first quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network’s stock worth $8,239,576,000 after acquiring an additional 8,827,662 shares during the period. Finally, Norges Bank purchased a new stake in Netflix in the fourth quarter worth about $5,019,087,000. 80.93% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Netflix

In related news, Director Strive Masiyiwa sold 290 shares of Netflix stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $1,336.54, for a total value of $387,596.60. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Jeffrey William Karbowski sold 620 shares of Netflix stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $1,286.84, for a total transaction of $797,840.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 186,723 shares of company stock worth $223,307,201. 1.37% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

NFLX has been the subject of a number of research reports. Macquarie upped their price objective on shares of Netflix from $1,150.00 to $1,200.00 and gave the stock an “outperform” rating in a research note on Monday, April 21st. Benchmark restated a “hold” rating on shares of Netflix in a report on Monday, April 21st. Loop Capital restated a “hold” rating on shares of Netflix in a report on Monday, March 24th. Rosenblatt Securities raised their price target on shares of Netflix from $1,494.00 to $1,514.00 and gave the company a “buy” rating in a report on Monday, April 21st. Finally, Guggenheim restated a “buy” rating and issued a $1,150.00 price target (up from $1,100.00) on shares of Netflix in a report on Friday, April 18th. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,182.58.

Netflix Stock Performance

NFLX opened at $1,295.24 on Friday. The firm has a market capitalization of $551.21 billion, a PE ratio of 61.21, a P/E/G ratio of 2.48 and a beta of 1.59. Netflix, Inc. has a 12-month low of $587.04 and a 12-month high of $1,341.15. The firm has a 50 day moving average of $1,204.00 and a two-hundred day moving average of $1,034.00. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.58.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, topping analysts’ consensus estimates of $5.74 by $0.87. The business had revenue of $10.54 billion for the quarter, compared to analysts’ expectations of $10.51 billion. Netflix had a net margin of 23.07% and a return on equity of 39.61%. During the same quarter last year, the company earned $8.28 EPS. On average, analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current year.

Netflix 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.