Phoenix Financial Ltd. Buys 1,761 Shares of Netflix, Inc. $NFLX

Phoenix Financial Ltd. increased its stake in Netflix, Inc. (NASDAQ:NFLX) by 12.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 15,626 shares of the Internet television network’s stock after purchasing an additional 1,761 shares during the quarter. Phoenix Financial Ltd.’s holdings in Netflix were worth $20,823,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Avidian Wealth Enterprises LLC raised its holdings in shares of Netflix by 4.6% in the 2nd quarter. Avidian Wealth Enterprises LLC now owns 1,807 shares of the Internet television network’s stock worth $2,419,000 after purchasing an additional 80 shares during the period. WESPAC Advisors SoCal LLC raised its holdings in shares of Netflix by 2.1% in the 2nd quarter. WESPAC Advisors SoCal LLC now owns 3,679 shares of the Internet television network’s stock worth $4,927,000 after purchasing an additional 76 shares during the period. Drive Wealth Management LLC raised its holdings in shares of Netflix by 4.8% in the 2nd quarter. Drive Wealth Management LLC now owns 1,601 shares of the Internet television network’s stock worth $2,144,000 after purchasing an additional 73 shares during the period. Canvas Wealth Advisors LLC raised its holdings in shares of Netflix by 19.8% in the 2nd quarter. Canvas Wealth Advisors LLC now owns 980 shares of the Internet television network’s stock worth $1,312,000 after purchasing an additional 162 shares during the period. Finally, Princeton Global Asset Management LLC raised its holdings in shares of Netflix by 13.1% in the 2nd quarter. Princeton Global Asset Management LLC now owns 328 shares of the Internet television network’s stock worth $439,000 after purchasing an additional 38 shares during the period. Institutional investors own 80.93% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on NFLX. Pivotal Research reiterated a “buy” rating on shares of Netflix in a research note on Thursday, July 10th. Weiss Ratings reiterated a “buy (b)” rating on shares of Netflix in a research note on Wednesday, October 8th. KeyCorp lifted their price objective on shares of Netflix from $1,070.00 to $1,390.00 and gave the company an “overweight” rating in a research note on Thursday, July 10th. JPMorgan Chase & Co. lifted their price objective on shares of Netflix from $1,230.00 to $1,300.00 and gave the company a “neutral” rating in a research note on Friday, July 18th. Finally, Rosenblatt Securities lifted their price objective on shares of Netflix from $1,514.00 to $1,515.00 and gave the company a “buy” rating in a research note on Friday, July 18th. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,339.81.

Netflix Stock Up 3.3%

NFLX opened at $1,238.56 on Tuesday. The company has a fifty day moving average price of $1,213.87 and a 200-day moving average price of $1,182.08. The firm has a market capitalization of $526.30 billion, a P/E ratio of 52.77, a price-to-earnings-growth ratio of 2.02 and a beta of 1.59. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.34 and a quick ratio of 1.34. Netflix, Inc. has a one year low of $744.26 and a one year high of $1,341.15.

Insider Activity

In other news, CEO Gregory K. Peters sold 2,026 shares of the business’s stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $1,157.44, for a total transaction of $2,344,973.44. Following the completion of the transaction, the chief executive officer directly owned 12,781 shares in the company, valued at $14,793,240.64. The trade was a 13.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider David A. Hyman sold 424 shares of the business’s stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $1,158.67, for a total transaction of $491,276.08. Following the transaction, the insider owned 31,610 shares of the company’s stock, valued at $36,625,558.70. This trade represents a 1.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 104,100 shares of company stock worth $122,710,980. Company insiders own 1.37% of the company’s stock.

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.