Foster & Motley Inc. Invests $276,000 in Netflix, Inc. $NFLX

Foster & Motley Inc. bought a new position in shares of Netflix, Inc. (NASDAQ:NFLX) in the second quarter, HoldingsChannel reports. The institutional investor bought 206 shares of the Internet television network’s stock, valued at approximately $276,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Stephens Consulting LLC raised its stake in Netflix by 150.0% in the 2nd quarter. Stephens Consulting LLC now owns 25 shares of the Internet television network’s stock worth $33,000 after purchasing an additional 15 shares in the last quarter. Flaharty Asset Management LLC acquired a new stake in Netflix in the 1st quarter worth about $37,000. Maseco LLP acquired a new stake in Netflix in the 2nd quarter worth about $39,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in Netflix in the 1st quarter worth about $42,000. Finally, 1248 Management LLC acquired a new stake in Netflix in the 1st quarter worth about $43,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Activity at Netflix

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

Netflix Trading Up 1.3%

Shares of Netflix stock opened at $1,199.36 on Monday. The firm has a market capitalization of $509.64 billion, a PE ratio of 51.10, a price-to-earnings-growth ratio of 2.02 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 50 day moving average is $1,213.47 and its 200 day moving average is $1,179.41. Netflix, Inc. has a 1 year low of $736.23 and a 1 year 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 the consensus estimate of $7.07 by $0.12. The company had revenue of $11.08 billion for the quarter, compared to analyst estimates of $11.04 billion. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The firm’s revenue was up 15.9% on a year-over-year basis. During the same period in the previous year, the firm posted $4.88 EPS. Equities research analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Analyst Ratings Changes

NFLX has been the topic of several recent analyst reports. UBS Group reissued a “buy” rating and issued a $1,495.00 target price on shares of Netflix in a report on Thursday. Citigroup reissued a “neutral” rating and issued a $1,295.00 target price (up from $1,280.00) on shares of Netflix in a report on Friday, October 3rd. Itau BBA Securities initiated coverage on shares of Netflix in a report on Tuesday, October 7th. They issued an “outperform” rating and a $1,514.00 target price on the stock. Pivotal Research reissued a “buy” rating on shares of Netflix in a report on Thursday, July 10th. Finally, Barclays reissued a “sell” rating and issued a $1,100.00 target price (up from $1,000.00) on shares of Netflix in a report on Wednesday, July 9th. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.