Netflix, Inc. $NFLX Stock Holdings Raised by Cidel Asset Management Inc.

Cidel Asset Management Inc. raised its stake in Netflix, Inc. (NASDAQ:NFLX) by 25.3% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 673 shares of the Internet television network’s stock after purchasing an additional 136 shares during the period. Cidel Asset Management Inc.’s holdings in Netflix were worth $901,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Stephens Consulting LLC boosted its holdings in shares of Netflix by 150.0% in the 2nd quarter. Stephens Consulting LLC now owns 25 shares of the Internet television network’s stock valued at $33,000 after buying an additional 15 shares during the period. Flaharty Asset Management LLC acquired a new position in shares of Netflix in the 1st quarter valued at about $37,000. Maseco LLP acquired a new position in shares of Netflix in the 2nd quarter valued at about $39,000. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Netflix in the 1st quarter valued at about $42,000. Finally, 1248 Management LLC acquired a new position in shares of Netflix in the 1st quarter valued at about $43,000. Institutional investors own 80.93% of the company’s stock.

Netflix Stock Up 1.3%

NFLX stock opened at $1,199.36 on Monday. Netflix, Inc. has a 52 week low of $736.23 and a 52 week high of $1,341.15. The company has a market capitalization of $509.64 billion, a price-to-earnings ratio of 51.10, a price-to-earnings-growth ratio of 2.02 and a beta of 1.59. The firm’s 50-day moving average is $1,213.47 and its two-hundred day moving average is $1,179.41. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, topping 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 company had revenue of $11.08 billion for the quarter, compared to the consensus estimate of $11.04 billion. During the same period in the previous year, the firm earned $4.88 EPS. Netflix’s revenue was up 15.9% on a year-over-year basis. On average, analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Activity at Netflix

In other Netflix news, CEO Gregory K. Peters sold 2,026 shares of the business’s stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $1,157.44, for a total transaction of $2,344,973.44. Following the sale, the chief executive officer directly owned 12,781 shares in the company, valued at approximately $14,793,240.64. The trade was a 13.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Reed Hastings sold 42,176 shares of the business’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $1,171.92, for a total transaction of $49,426,897.92. Following the sale, the director owned 394 shares in the company, valued at $461,736.48. This trade represents a 99.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 104,100 shares of company stock worth $122,710,980 in the last three months. Insiders own 1.37% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on NFLX shares. Itau BBA Securities started coverage on shares of Netflix in a report on Tuesday, October 7th. They issued an “outperform” rating and a $1,514.00 price target for the company. Wells Fargo & Company boosted their target price on shares of Netflix from $1,500.00 to $1,560.00 and gave the company an “overweight” rating in a research note on Friday, July 18th. Cowen reissued a “buy” rating on shares of Netflix in a research note on Tuesday, October 7th. Sanford C. Bernstein reissued a “buy” rating on shares of Netflix in a research note on Friday. Finally, Needham & Company LLC reissued a “buy” rating and set a $1,500.00 target price on shares of Netflix in a research note on Wednesday, September 10th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,339.81.

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.