Netflix, Inc. (NASDAQ:NFLX) Shares Bought by Chartwell Investment Partners LLC

Chartwell Investment Partners LLC grew its holdings in Netflix, Inc. (NASDAQ:NFLX) by 0.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,984 shares of the Internet television network’s stock after purchasing an additional 29 shares during the period. Chartwell Investment Partners LLC’s holdings in Netflix were worth $4,543,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Wealth Quarterback LLC boosted its holdings in shares of Netflix by 14.3% during the first quarter. Wealth Quarterback LLC now owns 184 shares of the Internet television network’s stock worth $69,000 after purchasing an additional 23 shares during the last quarter. Enterprise Financial Services Corp increased its stake in shares of Netflix by 2.3% during the 1st quarter. Enterprise Financial Services Corp now owns 1,056 shares of the Internet television network’s stock valued at $396,000 after acquiring an additional 24 shares during the last quarter. Verus Capital Partners LLC lifted its holdings in shares of Netflix by 2.2% during the 1st quarter. Verus Capital Partners LLC now owns 1,126 shares of the Internet television network’s stock worth $423,000 after acquiring an additional 24 shares during the period. Motco lifted its holdings in shares of Netflix by 57.1% during the 2nd quarter. Motco now owns 66 shares of the Internet television network’s stock worth $30,000 after acquiring an additional 24 shares during the period. Finally, Ropes Wealth Advisors LLC boosted its position in shares of Netflix by 1.6% in the second quarter. Ropes Wealth Advisors LLC now owns 1,544 shares of the Internet television network’s stock worth $703,000 after acquiring an additional 24 shares during the last quarter. Institutional investors and hedge funds own 82.30% of the company’s stock.

Several analysts have recently issued reports on NFLX shares. Credit Suisse Group cut shares of Netflix from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $550.00 to $525.00 in a research note on Thursday, July 16th. Royal Bank of Canada boosted their price target on Netflix from $500.00 to $610.00 in a research report on Friday, July 17th. SunTrust Banks raised their price objective on Netflix from $475.00 to $530.00 and gave the stock a “buy” rating in a report on Friday, July 17th. Loop Capital boosted their target price on Netflix from $500.00 to $600.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, JPMorgan Chase & Co. raised their price target on shares of Netflix from $535.00 to $625.00 and gave the company an “overweight” rating in a report on Friday, July 17th. Six research analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $483.56.

Shares of Netflix stock opened at $488.88 on Friday. The business has a 50-day moving average price of $476.08 and a 200 day moving average price of $407.12. Netflix, Inc. has a fifty-two week low of $252.28 and a fifty-two week high of $575.37. The firm has a market cap of $215.60 billion, a P/E ratio of 82.44, a P/E/G ratio of 2.59 and a beta of 0.96. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 1.64.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Thursday, July 16th. The Internet television network reported $1.59 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.81 by ($0.22). Netflix had a net margin of 11.85% and a return on equity of 33.32%. The firm had revenue of $6.15 billion during the quarter, compared to the consensus estimate of $6.08 billion. During the same quarter last year, the firm posted $0.60 earnings per share. As a group, equities research analysts anticipate that Netflix, Inc. will post 6.28 earnings per share for the current year.

In other news, insider Gregory K. Peters sold 5,366 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $450.00, for a total transaction of $2,414,700.00. Following the completion of the transaction, the insider now directly owns 18,456 shares in the company, valued at $8,305,200. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Reed Hastings sold 57,260 shares of the business’s stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $462.40, for a total value of $26,477,024.00. Following the transaction, the chief executive officer now owns 57,260 shares of the company’s stock, valued at approximately $26,477,024. The disclosure for this sale can be found here. Insiders have sold 189,612 shares of company stock worth $90,145,458 over the last three months. 3.40% of the stock is owned by corporate insiders.

About Netflix

Netflix, Inc provides Internet entertainment services. The company operates in three segments: Domestic streaming, International streaming, and Domestic DVD. It offers TV series, documentaries, and feature films across various genres and languages. The company provides members the ability to receive streaming content through a host of Internet-connected screens, including TVs, digital video players, television set-top boxes, and mobile devices.

Further Reading: Are all No-Load Funds Equal?

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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