IFP Advisors Inc Acquires 83,081 Shares of Netflix, Inc. $NFLX

IFP Advisors Inc increased its holdings in Netflix, Inc. (NASDAQ:NFLX) by 48.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 253,572 shares of the Internet television network’s stock after acquiring an additional 83,081 shares during the period. IFP Advisors Inc’s holdings in Netflix were worth $18,105,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Brighton Jones LLC lifted its stake in Netflix by 5.0% during the 4th quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network’s stock valued at $4,804,000 after acquiring an additional 257 shares in the last quarter. Revolve Wealth Partners LLC grew its stake in shares of Netflix by 16.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network’s stock worth $912,000 after acquiring an additional 144 shares in the last quarter. Sivia Capital Partners LLC raised its holdings in shares of Netflix by 21.2% in the second quarter. Sivia Capital Partners LLC now owns 1,406 shares of the Internet television network’s stock valued at $1,883,000 after purchasing an additional 246 shares during the last quarter. Strategic Investment Advisors MI raised its holdings in shares of Netflix by 18.9% in the second quarter. Strategic Investment Advisors MI now owns 774 shares of the Internet television network’s stock valued at $1,036,000 after purchasing an additional 123 shares during the last quarter. Finally, Schnieders Capital Management LLC. lifted its position in shares of Netflix by 12.1% during the second quarter. Schnieders Capital Management LLC. now owns 2,115 shares of the Internet television network’s stock valued at $2,832,000 after purchasing an additional 228 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

Analyst Upgrades and Downgrades

NFLX has been the topic of several analyst reports. President Capital cut their price target on shares of Netflix from $134.00 to $83.00 and set a “buy” rating on the stock in a report on Monday, July 20th. Wolfe Research restated an “outperform” rating and issued a $95.00 target price (up from $84.00) on shares of Netflix in a research note on Tuesday, August 25th. Robert W. Baird set a $90.00 target price on Netflix and gave the company an “outperform” rating in a report on Wednesday, July 22nd. Moffett Nathanson decreased their price target on Netflix from $115.00 to $100.00 and set a “buy” rating for the company in a research report on Friday, July 17th. Finally, China Intl Cap upgraded Netflix to a “strong-buy” rating in a report on Tuesday, July 21st. Four research analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, sixteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $96.65.

Insiders Place Their Bets

In other Netflix news, CEO Gregory Peters sold 27,312 shares of the business’s stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $73.54, for a total value of $2,008,524.48. Following the sale, the chief executive officer directly owned 120,931 shares in the company, valued at $8,893,265.74. The trade was a 18.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Richard Barton sold 2,160 shares of the company’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $75.10, for a total value of $162,216.00. Following the transaction, the director directly owned 246 shares in the company, valued at $18,474.60. This represents a 89.78% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 213,595 shares of company stock valued at $15,812,072. Company insiders own 1.24% of the company’s stock.

Netflix Stock Down 1.9%

Netflix stock opened at $76.77 on Wednesday. The firm has a 50 day moving average price of $75.71 and a 200-day moving average price of $84.45. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.39. Netflix, Inc. has a twelve month low of $65.08 and a twelve month high of $126.70. The company has a market capitalization of $319.67 billion, a P/E ratio of 24.16, a P/E/G ratio of 1.10 and a beta of 1.53.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Thursday, July 16th. The Internet television network reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.01. Netflix had a net margin of 28.22% and a return on equity of 40.02%. The company had revenue of $12.56 billion for the quarter, compared to analysts’ expectations of $12.58 billion. During the same quarter in the previous year, the firm posted $0.72 EPS. Netflix’s revenue was up 13.4% on a year-over-year basis. As a group, equities analysts predict that Netflix, Inc. will post 3.59 EPS for the current year.

Key Stories Impacting Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Several analysts and investors view the selloff as a potential buying opportunity. Recent coverage highlights Netflix’s improving free-cash-flow yield, while published price targets remain materially above the current quotation, with a reported median target of $115. Netflix: The Best Free Cash Flow Yield In A Decade
• Positive Sentiment: Netflix is reportedly releasing box-office figures for six upcoming films, including Narnia: The Magician’s Nephew and Charlie and the Chocolate Factory. Greater theatrical transparency could support interest in its film strategy and help evaluate content economics. Netflix Movie-Theater Strategy
• Positive Sentiment: Pershing Square reportedly added Netflix shares in the second quarter, and bullish commentary points to content momentum, advertising and live-event opportunities as potential recovery catalysts. Bill Ackman’s Netflix Investment
• Neutral Sentiment: Discussion that Netflix could be broken into separate streaming, studio, advertising, gaming or live-event businesses appears unlikely to drive near-term trading; the company’s integrated model is viewed as central to its value. Why Netflix’s Breakup May Not Work
• Negative Sentiment: South African regulators are investigating consumer pricing for digital streaming services. The probe raises the risk of pricing restrictions, higher compliance costs or limits on future subscription increases. Netflix Faces South Africa Price Probe
• Negative Sentiment: Recent coverage also cites weak risk appetite across growth and media stocks, concerns about quarterly revenue and forward guidance, and extensive insider selling. These factors are weighing on sentiment despite Netflix’s profitable business and year-over-year revenue growth. Netflix Suffers a Larger Drop Than the General Market

Netflix Company Profile

Netflix, Inc (NASDAQ:NFLX) is a global entertainment company that provides subscription-based streaming access to television series, films, documentaries and other video content. Its service includes Netflix-produced and licensed programming, with offerings that may vary by market. The company also provides an advertising-supported plan in selected countries and has expanded into mobile games and other interactive entertainment.

Netflix was founded in 1997 by Reed Hastings and Marc Randolph as a DVD-by-mail rental service in the United States.