Stonekeep Investments LLC Has $728,000 Position in Netflix, Inc. (NASDAQ:NFLX)

Stonekeep Investments LLC lessened its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 3.2% in the first quarter, HoldingsChannel.com reports. The firm owned 780 shares of the Internet television network’s stock after selling 26 shares during the period. Netflix comprises 0.5% of Stonekeep Investments LLC’s holdings, making the stock its 28th largest position. Stonekeep Investments LLC’s holdings in Netflix were worth $728,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Halbert Hargrove Global Advisors LLC increased its stake in Netflix by 100.0% during the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network’s stock valued at $25,000 after purchasing an additional 13 shares in the last quarter. Brown Shipley& Co Ltd bought a new stake in Netflix during the 4th quarter valued at $27,000. Transce3nd LLC bought a new stake in Netflix during the 4th quarter valued at $32,000. Copia Wealth Management bought a new stake in Netflix during the 4th quarter valued at $37,000. Finally, Stuart Chaussee & Associates Inc. increased its stake in Netflix by 4,500.0% during the 4th quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network’s stock valued at $41,000 after purchasing an additional 45 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the stock. Wall Street Zen upgraded shares of Netflix from a “hold” rating to a “buy” rating in a research note on Saturday. Bank of America upped their target price on shares of Netflix from $1,175.00 to $1,490.00 and gave the stock a “buy” rating in a research note on Friday, May 30th. Benchmark reiterated a “hold” rating on shares of Netflix in a research note on Monday, April 21st. Loop Capital reiterated a “hold” rating on shares of Netflix in a research note on Tuesday, July 15th. Finally, The Goldman Sachs Group upped their target price on shares of Netflix from $1,000.00 to $1,140.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 2nd. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $1,297.66.

Insider Activity

In other news, CAO Jeffrey William Karbowski sold 620 shares of the stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $1,286.84, for a total transaction of $797,840.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ann Mather sold 1,090 shares of the stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $1,250.00, for a total value of $1,362,500.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 185,923 shares of company stock valued at $222,445,095. Corporate insiders own 1.37% of the company’s stock.

Netflix Stock Down 0.0%

Shares of NASDAQ NFLX opened at $1,180.49 on Monday. Netflix, Inc. has a one year low of $587.04 and a one year high of $1,341.15. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.34 and a quick ratio of 1.34. The firm’s 50 day simple moving average is $1,236.44 and its two-hundred day simple moving average is $1,074.14. The stock has a market capitalization of $501.63 billion, a P/E ratio of 50.30, a PEG ratio of 1.99 and a beta of 1.59.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, beating 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 analysts’ expectations of $11.04 billion. During the same period last year, the business earned $4.88 earnings per share. The business’s quarterly revenue was up 15.9% on a year-over-year basis. As a group, analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Netflix Company 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.