International Assets Investment Management LLC Acquires 423 Shares of Netflix, Inc. $NFLX

International Assets Investment Management LLC raised its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 5.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,511 shares of the Internet television network’s stock after acquiring an additional 423 shares during the quarter. Netflix makes up about 0.6% of International Assets Investment Management LLC’s investment portfolio, making the stock its 29th biggest position. International Assets Investment Management LLC’s holdings in Netflix were worth $11,397,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Stephens Consulting LLC increased its holdings in shares of Netflix by 150.0% in the second quarter. Stephens Consulting LLC now owns 25 shares of the Internet television network’s stock worth $33,000 after purchasing an additional 15 shares during the last quarter. Maseco LLP bought a new stake in Netflix during the second quarter worth approximately $39,000. Ransom Advisory Ltd bought a new stake in Netflix during the second quarter worth approximately $47,000. Flaharty Asset Management LLC bought a new stake in Netflix during the first quarter worth approximately $37,000. Finally, Signature Resources Capital Management LLC increased its stake in Netflix by 740.0% during the second quarter. Signature Resources Capital Management LLC now owns 42 shares of the Internet television network’s stock worth $56,000 after acquiring an additional 37 shares during the last quarter. 80.93% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Zacks Research cut Netflix from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 1st. 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, October 14th. Sanford C. Bernstein restated a “buy” rating on shares of Netflix in a research report on Friday. Finally, Needham & Company LLC restated a “buy” rating and set a $1,500.00 target price on shares of Netflix in a research report on Wednesday, September 10th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Netflix presently has an average rating of “Moderate Buy” and an average price target of $1,339.81.

Insider Transactions at Netflix

In related news, CEO Theodore A. Sarandos sold 2,026 shares of the business’s stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $1,160.62, for a total value of $2,351,416.12. Following the completion of the sale, the chief executive officer owned 15,168 shares in the company, valued at approximately $17,604,284.16. The trade was a 11.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Spencer Adam Neumann sold 2,600 shares of the business’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $1,172.51, for a total value of $3,048,526.00. Following the completion of the sale, the chief financial officer owned 3,691 shares of the company’s stock, valued at $4,327,734.41. The trade was a 41.33% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 104,100 shares of company stock valued at $122,710,980 in the last ninety days. Corporate insiders own 1.37% of the company’s stock.

Netflix Stock Up 1.3%

Shares of NASDAQ NFLX opened at $1,199.36 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34. The firm has a market capitalization of $509.64 billion, a price-to-earnings ratio of 51.10, a PEG ratio of 2.02 and a beta of 1.59. The stock has a 50 day moving average price of $1,213.47 and a 200 day moving average price of $1,177.58. Netflix, Inc. has a 52-week low of $736.23 and a 52-week high of $1,341.15.

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