Copperwynd Financial LLC Raises Position in Netflix, Inc. (NASDAQ:NFLX)

Copperwynd Financial LLC increased its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 9.7% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 1,602 shares of the Internet television network’s stock after acquiring an additional 142 shares during the period. Copperwynd Financial LLC’s holdings in Netflix were worth $1,007,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Creative Planning increased its stake in Netflix by 4.4% during the 2nd quarter. Creative Planning now owns 99,769 shares of the Internet television network’s stock worth $67,332,000 after buying an additional 4,175 shares during the period. Buck Wealth Strategies LLC acquired a new position in shares of Netflix in the second quarter worth about $307,000. Aviso Wealth Management boosted its holdings in Netflix by 1.0% in the second quarter. Aviso Wealth Management now owns 11,325 shares of the Internet television network’s stock valued at $7,643,000 after purchasing an additional 115 shares during the last quarter. Ascent Group LLC grew its stake in Netflix by 9.8% during the 2nd quarter. Ascent Group LLC now owns 5,421 shares of the Internet television network’s stock valued at $3,659,000 after purchasing an additional 485 shares in the last quarter. Finally, Kathmere Capital Management LLC purchased a new stake in Netflix during the 2nd quarter worth approximately $416,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on NFLX shares. Redburn Atlantic raised their price target on shares of Netflix from $740.00 to $760.00 and gave the stock a “buy” rating in a research report on Friday, July 19th. Pivotal Research upped their target price on shares of Netflix from $800.00 to $900.00 and gave the company a “buy” rating in a research note on Friday, August 30th. TD Cowen lifted their price target on Netflix from $725.00 to $775.00 and gave the stock a “buy” rating in a research note on Tuesday, July 9th. Evercore ISI lifted their target price on Netflix from $710.00 to $750.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 27th. Finally, Macquarie reiterated an “outperform” rating and set a $685.00 target price on shares of Netflix in a research note on Tuesday, July 16th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-four have issued a buy rating to the company’s stock. According to data from MarketBeat, Netflix currently has an average rating of “Moderate Buy” and a consensus target price of $685.29.

Netflix Trading Down 0.6 %

NASDAQ NFLX opened at $707.35 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.55. Netflix, Inc. has a 1-year low of $344.73 and a 1-year high of $725.26. The firm’s fifty day simple moving average is $669.62 and its 200-day simple moving average is $644.66. The company has a market capitalization of $304.87 billion, a PE ratio of 49.09, a price-to-earnings-growth ratio of 1.44 and a beta of 1.26.

Netflix (NASDAQ:NFLX) last posted its earnings results on Thursday, July 18th. The Internet television network reported $4.88 EPS for the quarter, topping the consensus estimate of $4.74 by $0.14. Netflix had a net margin of 19.54% and a return on equity of 32.93%. The company had revenue of $9.56 billion during the quarter, compared to the consensus estimate of $9.53 billion. During the same period in the previous year, the firm posted $3.29 earnings per share. The company’s revenue for the quarter was up 16.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Netflix, Inc. will post 19.08 earnings per share for the current fiscal year.

Insider Activity

In other Netflix news, insider David A. Hyman sold 20,656 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $605.13, for a total value of $12,499,565.28. Following the sale, the insider now owns 31,610 shares of the company’s stock, valued at approximately $19,128,159.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider David A. Hyman sold 20,656 shares of the company’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $605.13, for a total transaction of $12,499,565.28. Following the completion of the transaction, the insider now directly owns 31,610 shares in the company, valued at approximately $19,128,159.30. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider David A. Hyman sold 13,791 shares of the firm’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $700.00, for a total transaction of $9,653,700.00. Following the completion of the sale, the insider now owns 31,610 shares in the company, valued at $22,127,000. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 202,020 shares of company stock valued at $133,334,342. 1.76% of the stock is owned by insiders.

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.