Stonekeep Investments LLC Makes New Investment in Netflix, Inc. (NASDAQ:NFLX)

Stonekeep Investments LLC bought a new stake in Netflix, Inc. (NASDAQ:NFLX) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 867 shares of the Internet television network’s stock, valued at approximately $585,000. Netflix makes up 0.5% of Stonekeep Investments LLC’s portfolio, making the stock its 29th largest holding.

A number of other institutional investors have also recently made changes to their positions in the company. M&G Plc purchased a new stake in Netflix during the first quarter valued at about $9,682,000. BSN CAPITAL PARTNERS Ltd lifted its stake in shares of Netflix by 24.4% during the 1st quarter. BSN CAPITAL PARTNERS Ltd now owns 250,000 shares of the Internet television network’s stock valued at $155,185,000 after buying an additional 49,000 shares in the last quarter. Scarborough Advisors LLC bought a new position in Netflix in the 4th quarter worth approximately $9,513,000. Bedel Financial Consulting Inc. purchased a new position in Netflix in the 4th quarter valued at approximately $224,000. Finally, Scotia Capital Inc. grew its stake in Netflix by 9.1% in the 4th quarter. Scotia Capital Inc. now owns 25,351 shares of the Internet television network’s stock valued at $12,343,000 after buying an additional 2,110 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Analyst Ratings Changes

NFLX has been the subject of a number of analyst reports. Argus raised their price target on Netflix from $660.00 to $767.00 and gave the stock a “buy” rating in a report on Tuesday, July 2nd. Rosenblatt Securities lifted their target price on Netflix from $554.00 to $635.00 and gave the company a “neutral” rating in a report on Friday, July 19th. Morgan Stanley increased their price target on shares of Netflix from $700.00 to $780.00 and gave the stock an “overweight” rating in a report on Monday, July 15th. Benchmark raised their price objective on shares of Netflix from $450.00 to $545.00 and gave the company a “sell” rating in a research report on Tuesday, July 16th. Finally, Pivotal Research upped their target price on shares of Netflix from $800.00 to $900.00 and gave the stock a “buy” rating in a report on Friday, August 30th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and twenty-three have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $685.29.

Netflix Stock Performance

Shares of NASDAQ:NFLX opened at $665.77 on Monday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.55. The company has a 50-day moving average price of $659.89 and a 200-day moving average price of $634.66. The company has a market cap of $285.73 billion, a price-to-earnings ratio of 46.20, a price-to-earnings-growth ratio of 1.36 and a beta of 1.26. Netflix, Inc. has a 12 month low of $344.73 and a 12 month high of $711.33.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Thursday, July 18th. The Internet television network reported $4.88 EPS for the quarter, beating analysts’ consensus estimates of $4.74 by $0.14. Netflix had a return on equity of 32.93% and a net margin of 19.54%. The business had revenue of $9.56 billion during the quarter, compared to analyst estimates of $9.53 billion. During the same quarter in the prior year, the company posted $3.29 EPS. Netflix’s quarterly revenue was up 16.8% compared to the same quarter last year. As a group, equities analysts anticipate that Netflix, Inc. will post 19.08 EPS for the current year.

Insider Activity at Netflix

In related news, insider David A. Hyman sold 20,656 shares of Netflix stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $605.13, for a total value 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Chairman Reed Hastings sold 25,074 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $680.92, for a total value of $17,073,388.08. Following the completion of the transaction, the chairman now directly owns 85 shares of the company’s stock, valued at $57,878.20. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider David A. Hyman sold 20,656 shares of Netflix stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $605.13, for a total value of $12,499,565.28. Following the sale, the insider now directly owns 31,610 shares in the company, valued at $19,128,159.30. The disclosure for this sale can be found here. Insiders sold a total of 157,831 shares of company stock worth $102,721,884 over the last quarter. 1.76% of the stock is owned by corporate insiders.

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.