Huntleigh Advisors Inc. Acquires 2,085 Shares of Netflix, Inc. $NFLX

Huntleigh Advisors Inc. grew its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 186.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,204 shares of the Internet television network’s stock after buying an additional 2,085 shares during the quarter. Netflix makes up 0.8% of Huntleigh Advisors Inc.’s portfolio, making the stock its 28th largest position. Huntleigh Advisors Inc.’s holdings in Netflix were worth $4,291,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NFLX. Nuveen LLC bought a new stake in Netflix during the 1st quarter worth about $2,385,585,000. Kingstone Capital Partners Texas LLC lifted its position in Netflix by 343,058.2% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 2,463,876 shares of the Internet television network’s stock worth $3,299,450,000 after buying an additional 2,463,158 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in Netflix by 57.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,393,064 shares of the Internet television network’s stock worth $3,164,134,000 after buying an additional 1,236,251 shares in the last quarter. Amundi lifted its position in Netflix by 37.7% during the 1st quarter. Amundi now owns 2,070,221 shares of the Internet television network’s stock worth $1,898,496,000 after buying an additional 567,251 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in Netflix by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 37,997,260 shares of the Internet television network’s stock worth $35,433,585,000 after buying an additional 509,255 shares in the last quarter. 80.93% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Reed Hastings sold 42,176 shares of the company’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $1,171.92, for a total value of $49,426,897.92. Following the transaction, the director owned 394 shares in the company, valued at approximately $461,736.48. This represents a 99.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David A. Hyman sold 424 shares of the company’s stock in a transaction dated 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 completion of the transaction, the insider owned 31,610 shares in the company, valued at approximately $36,625,558.70. This trade represents a 1.32% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 104,100 shares of company stock worth $122,710,980 in the last 90 days. Corporate insiders own 1.37% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on NFLX. Wells Fargo & Company boosted their price objective on shares of Netflix from $1,500.00 to $1,560.00 and gave the stock an “overweight” rating in a research note on Friday, July 18th. Citigroup restated a “neutral” rating and set a $1,295.00 price objective (up from $1,280.00) on shares of Netflix in a research note on Friday, October 3rd. Needham & Company LLC restated a “buy” rating and set a $1,500.00 price objective on shares of Netflix in a research note on Wednesday, September 10th. Morgan Stanley set a $1,500.00 price objective on shares of Netflix in a research note on Monday. Finally, Jefferies Financial Group restated a “buy” rating on shares of Netflix in a research note on Tuesday. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $1,339.81.

Netflix Stock Up 1.3%

Shares of NFLX opened at $1,199.36 on Friday. Netflix, Inc. has a 52 week low of $736.23 and a 52 week high of $1,341.15. The firm has a market cap of $509.64 billion, a P/E ratio of 51.10, a price-to-earnings-growth ratio of 1.99 and a beta of 1.59. The firm’s 50-day simple moving average is $1,213.47 and its 200 day simple moving average is $1,175.91. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, beating analysts’ consensus estimates of $7.07 by $0.12. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The business had revenue of $11.08 billion for the quarter, compared to analyst estimates of $11.04 billion. During the same quarter in the prior year, the business earned $4.88 EPS. Netflix’s quarterly revenue was up 15.9% on a year-over-year basis. On average, analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current year.

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.