RWQ Financial Management Services Inc. Has $21.69 Million Stock Position in Netflix, Inc. $NFLX

RWQ Financial Management Services Inc. lifted its holdings in Netflix, Inc. (NASDAQ:NFLX) by 20.5% in the second quarter, Holdings Channel reports. The fund owned 16,200 shares of the Internet television network’s stock after purchasing an additional 2,760 shares during the quarter. Netflix makes up 9.1% of RWQ Financial Management Services Inc.’s holdings, making the stock its 3rd biggest holding. RWQ Financial Management Services Inc.’s holdings in Netflix were worth $21,694,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Stephens Consulting LLC lifted its holdings in shares of Netflix by 150.0% in the 2nd quarter. Stephens Consulting LLC now owns 25 shares of the Internet television network’s stock valued at $33,000 after acquiring an additional 15 shares during the last quarter. Maseco LLP bought a new position in shares of Netflix in the 2nd quarter valued at about $39,000. Ransom Advisory Ltd bought a new position in shares of Netflix in the 2nd quarter valued at about $47,000. Flaharty Asset Management LLC purchased a new stake in Netflix in the 1st quarter worth about $37,000. Finally, Signature Resources Capital Management LLC raised its position in Netflix by 740.0% in the 2nd quarter. Signature Resources Capital Management LLC now owns 42 shares of the Internet television network’s stock worth $56,000 after purchasing an additional 37 shares during the period. Institutional investors own 80.93% of the company’s stock.

Netflix Stock Performance

Shares of NASDAQ:NFLX opened at $1,199.36 on Friday. The firm has a market cap of $509.64 billion, a PE 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. Netflix, Inc. has a one year low of $736.23 and a one year high of $1,341.15. 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 issued its earnings results on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, topping 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 period last year, the company posted $4.88 earnings per share. The company’s quarterly revenue was up 15.9% compared to the same quarter last year. As a group, equities analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Activity

In other news, CFO Spencer Adam Neumann sold 2,601 shares of the stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $1,162.40, for a total transaction of $3,023,402.40. Following the transaction, the chief financial officer directly owned 3,691 shares in the company, valued at approximately $4,290,418.40. This trade represents a 41.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider David A. Hyman sold 424 shares of the stock in a transaction that occurred on 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 transaction, the insider owned 31,610 shares in the company, valued at approximately $36,625,558.70. This represents a 1.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 104,100 shares of company stock valued at $122,710,980. 1.37% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Needham & Company LLC reissued a “buy” rating and issued a $1,500.00 price objective on shares of Netflix in a research report on Wednesday, September 10th. Seaport Res Ptn raised shares of Netflix from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 6th. Zacks Research lowered shares of Netflix from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 1st. Itau BBA Securities assumed coverage on shares of Netflix in a research report on Tuesday, October 7th. They set an “outperform” rating and a $1,514.00 target price on the stock. Finally, Pivotal Research reaffirmed a “buy” rating on shares of Netflix in a research report on Thursday, July 10th. Two research 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $1,339.81.

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.