MRA Advisory Group Increases Holdings in Netflix, Inc. (NASDAQ:NFLX)

MRA Advisory Group raised its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 35.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,055 shares of the Internet television network’s stock after acquiring an additional 275 shares during the period. MRA Advisory Group’s holdings in Netflix were worth $712,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in NFLX. Precision Wealth Strategies LLC boosted its stake in Netflix by 3.5% during the 4th quarter. Precision Wealth Strategies LLC now owns 2,444 shares of the Internet television network’s stock worth $1,190,000 after purchasing an additional 83 shares during the period. Gilbert & Cook Inc. increased its holdings in shares of Netflix by 5.9% in the 4th quarter. Gilbert & Cook Inc. now owns 2,177 shares of the Internet television network’s stock valued at $1,060,000 after purchasing an additional 121 shares in the last quarter. Aveo Capital Partners LLC increased its holdings in Netflix by 6.9% during the 4th quarter. Aveo Capital Partners LLC now owns 667 shares of the Internet television network’s stock valued at $325,000 after acquiring an additional 43 shares in the last quarter. Gryphon Financial Partners LLC boosted its stake in shares of Netflix by 20.4% during the 4th quarter. Gryphon Financial Partners LLC now owns 3,971 shares of the Internet television network’s stock worth $1,933,000 after purchasing an additional 674 shares during the last quarter. Finally, NBC Securities Inc. boosted its stake in shares of Netflix by 3.7% during the 4th quarter. NBC Securities Inc. now owns 3,945 shares of the Internet television network’s stock worth $1,920,000 after purchasing an additional 140 shares during the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on NFLX. Pivotal Research raised their price target 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. Evercore ISI raised their target price on shares of Netflix from $710.00 to $750.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 27th. Morgan Stanley raised their target price on shares of Netflix from $700.00 to $780.00 and gave the stock an “overweight” rating in a research report on Monday, July 15th. Macquarie reissued an “outperform” rating and issued a $685.00 target price on shares of Netflix in a research report on Tuesday, July 16th. Finally, StockNews.com cut shares of Netflix from a “buy” rating to a “hold” rating in a research report on Saturday. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and twenty-three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $685.29.

Netflix Stock Down 2.6 %

Shares of Netflix stock opened at $665.77 on Friday. The stock has a market capitalization of $286.95 billion, a P/E ratio of 46.20, a PEG ratio of 1.44 and a beta of 1.26. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.55. The stock has a 50 day moving average price of $659.89 and a two-hundred day moving average price of $634.23. Netflix, Inc. has a 12-month low of $344.73 and a 12-month high of $711.33.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Thursday, July 18th. The Internet television network reported $4.88 EPS for the quarter, topping analysts’ consensus estimates of $4.74 by $0.14. The company had revenue of $9.56 billion during 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 quarterly revenue was up 16.8% compared to the same quarter last year. During the same period in the previous year, the company earned $3.29 earnings per share. Equities analysts expect that Netflix, Inc. will post 19.08 earnings per share for the current year.

Insiders Place Their Bets

In other Netflix news, insider David A. Hyman sold 20,656 shares of the stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $605.13, for a total transaction of $12,499,565.28. Following the completion of the transaction, the insider now directly owns 31,610 shares in the company, valued at $19,128,159.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider David A. Hyman sold 20,656 shares of the stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $605.13, for a total transaction of $12,499,565.28. Following the sale, the insider now owns 31,610 shares in the company, valued at $19,128,159.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gregory K. Peters sold 4,783 shares of the stock in a transaction on Friday, June 14th. The stock was sold at an average price of $675.00, for a total value of $3,228,525.00. Following the sale, the chief executive officer now owns 13,090 shares in the company, valued at approximately $8,835,750. The disclosure for this sale can be found here. Insiders sold 157,831 shares of company stock worth $102,721,884 over the last three months. 1.76% of the stock is currently owned by corporate 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.