Roberts Glore & Co. Inc. IL Purchases Shares of 8,468 Netflix, Inc. $NFLX

Roberts Glore & Co. Inc. IL acquired a new position in Netflix, Inc. (NASDAQ:NFLXFree Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 8,468 shares of the Internet television network’s stock, valued at approximately $605,000.

A number of other large investors have also recently made changes to their positions in the business. Turning Point Benefit Group Inc. raised its holdings in shares of Netflix by 13,400.0% during the fourth quarter. Turning Point Benefit Group Inc. now owns 270 shares of the Internet television network’s stock valued at $25,000 after acquiring an additional 268 shares in the last quarter. Imprint Wealth LLC purchased a new position in Netflix during the 3rd quarter valued at $25,000. Cornerstone Financial Management LLC purchased a new position in Netflix during the 4th quarter valued at $26,000. Clal Insurance Enterprises Holdings Ltd bought a new position in Netflix in the 2nd quarter worth $26,000. Finally, Atlas Capital Advisors Inc. bought a new position in Netflix in the 4th quarter worth $26,000. 80.93% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. BMO Capital Markets reaffirmed an “outperform” rating on shares of Netflix in a research report on Friday, August 14th. Barclays lowered their price objective on Netflix from $85.00 to $80.00 and set an “equal weight” rating for the company in a research note on Friday, July 17th. Citigroup restated a “market perform” rating on shares of Netflix in a research note on Monday, August 17th. Wolfe Research reissued an “outperform” rating and issued a $95.00 target price (up from $84.00) on shares of Netflix in a report on Tuesday. Finally, Seaport Research Partners downgraded shares of Netflix from a “buy” rating to a “neutral” rating in a research report on Monday, July 20th. Four analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, seventeen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Netflix currently has an average rating of “Moderate Buy” and a consensus price target of $103.19.

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Netflix Price Performance

Shares of Netflix stock opened at $82.23 on Wednesday. The company has a market capitalization of $342.40 billion, a price-to-earnings ratio of 25.88, a PEG ratio of 1.00 and a beta of 1.52. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.39. The stock’s 50-day simple moving average is $74.42 and its 200-day simple moving average is $84.36. Netflix, Inc. has a 52 week low of $65.08 and a 52 week high of $126.71.

Netflix (NASDAQ:NFLXGet Free Report) last released its earnings results on Thursday, July 16th. The Internet television network reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.01. Netflix had a return on equity of 40.02% and a net margin of 28.22%.The firm had revenue of $12.56 billion during the quarter, compared to analysts’ expectations of $12.58 billion. During the same quarter last year, the business posted $0.72 earnings per share. The firm’s revenue was up 13.4% on a year-over-year basis. As a group, analysts expect that Netflix, Inc. will post 3.59 earnings per share for the current fiscal year.

Insider Buying and Selling at Netflix

In related news, CFO Spencer Adam Neumann sold 9,248 shares of the firm’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $75.79, for a total transaction of $700,905.92. Following the completion of the transaction, the chief financial officer directly owned 73,787 shares of the company’s stock, valued at approximately $5,592,316.73. This trade represents a 11.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Gregory K. Peters sold 27,312 shares of the business’s stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $73.54, for a total transaction of $2,008,524.48. Following the completion of the sale, the chief executive officer owned 120,931 shares in the company, valued at approximately $8,893,265.74. The trade was a 18.42% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 600,295 shares of company stock worth $49,056,671. Insiders own 1.24% of the company’s stock.

Netflix Company Profile

(Free Report)

Netflix, Inc (NASDAQ: NFLX) is a global entertainment company that provides subscription-based streaming of films, television series, documentaries and other video content. Founded in 1997 by Reed Hastings and Marc Randolph and headquartered in Los Gatos, California, the company began as a DVD-by-mail rental service and introduced streaming video in 2007. Netflix later expanded into producing and distributing original programming, beginning notable original hits in the 2010s, and now operates a content production and distribution ecosystem alongside its licensing activity.

The company’s primary product is its on-demand streaming service, which can be accessed on a wide range of internet-connected devices and delivered through a suite of apps and web platforms.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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