Ifrah Financial Services Inc. Makes New Investment in Netflix, Inc. $NFLX

Ifrah Financial Services Inc. purchased a new position in shares of Netflix, Inc. (NASDAQ:NFLX) during the second quarter, Holdings Channel reports. The fund purchased 155 shares of the Internet television network’s stock, valued at approximately $207,000.

Other large investors have also modified their holdings of the company. Stephens Consulting LLC increased its position in shares of Netflix by 150.0% during the second quarter. Stephens Consulting LLC now owns 25 shares of the Internet television network’s stock worth $33,000 after acquiring an additional 15 shares during the period. Maseco LLP purchased a new position in Netflix in the second quarter valued at $39,000. Ransom Advisory Ltd acquired a new position in Netflix in the second quarter valued at $47,000. Flaharty Asset Management LLC acquired a new position in Netflix in the first quarter valued at $37,000. Finally, Signature Resources Capital Management LLC boosted its stake in Netflix by 740.0% in the second quarter. Signature Resources Capital Management LLC now owns 42 shares of the Internet television network’s stock valued at $56,000 after acquiring an additional 37 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Stock Performance

NASDAQ:NFLX opened at $1,199.36 on Friday. Netflix, Inc. has a twelve month low of $736.23 and a twelve month high of $1,341.15. The firm has a market capitalization of $509.64 billion, a price-to-earnings ratio of 51.10, a PEG ratio of 1.99 and a beta of 1.59. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58. The firm’s fifty day simple moving average is $1,213.47 and its 200 day simple moving average is $1,175.91.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.07 by $0.12. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The firm had revenue of $11.08 billion for the quarter, compared to the consensus estimate of $11.04 billion. During the same quarter in the previous year, the firm posted $4.88 EPS. The firm’s quarterly revenue was up 15.9% on a year-over-year basis. As a group, equities research analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Reed Hastings sold 42,176 shares of Netflix stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $1,171.92, for a total transaction of $49,426,897.92. Following the sale, the director owned 394 shares of the company’s stock, valued at $461,736.48. The trade was a 99.07% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Gregory K. Peters sold 2,026 shares of the business’s stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $1,157.44, for a total transaction of $2,344,973.44. Following the completion of the sale, the chief executive officer directly owned 12,781 shares of the company’s stock, valued at $14,793,240.64. The trade was a 13.68% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 104,100 shares of company stock worth $122,710,980 over the last three months. 1.37% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on NFLX. Wedbush reiterated an “outperform” rating on shares of Netflix in a research note on Wednesday. BMO Capital Markets reissued an “outperform” rating and set a $1,425.00 price objective (up from $1,200.00) on shares of Netflix in a research note on Tuesday, July 15th. Jefferies Financial Group reissued a “buy” rating on shares of Netflix in a research note on Tuesday. KeyCorp lifted their target price on shares of Netflix from $1,070.00 to $1,390.00 and gave the stock an “overweight” rating in a research note on Thursday, July 10th. Finally, Robert W. Baird lifted their target price on shares of Netflix from $1,300.00 to $1,500.00 and gave the stock an “outperform” rating in a research note on Monday, July 21st. Two investment 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 stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,339.81.

Netflix Company 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.