Wiley BROS. Aintree Capital LLC Invests $206,000 in Netflix, Inc. (NASDAQ:NFLX)

Wiley BROS. Aintree Capital LLC purchased a new position in shares of Netflix, Inc. (NASDAQ:NFLX) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 467 shares of the Internet television network’s stock, valued at approximately $206,000.

Several other institutional investors also recently modified their holdings of the stock. Baldrige Asset Management LLC increased its holdings in Netflix by 156.3% in the first quarter. Baldrige Asset Management LLC now owns 82 shares of the Internet television network’s stock valued at $28,000 after purchasing an additional 50 shares during the period. Tanglewood Legacy Advisors LLC acquired a new stake in Netflix in the fourth quarter valued at $29,000. Barrett & Company Inc. acquired a new stake in Netflix in the first quarter valued at $29,000. Manchester Capital Management LLC increased its holdings in Netflix by 8,700.0% in the first quarter. Manchester Capital Management LLC now owns 88 shares of the Internet television network’s stock valued at $30,000 after purchasing an additional 87 shares during the period. Finally, Retirement Group LLC increased its holdings in Netflix by 52.6% in the first quarter. Retirement Group LLC now owns 87 shares of the Internet television network’s stock valued at $30,000 after purchasing an additional 30 shares during the period. 79.95% of the stock is currently owned by institutional investors and hedge funds.

Netflix Stock Down 1.2 %

NASDAQ:NFLX traded down $5.14 on Thursday, hitting $407.10. The stock had a trading volume of 4,171,037 shares, compared to its average volume of 6,967,896. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.33 and a current ratio of 1.33. The stock has a market cap of $180.41 billion, a P/E ratio of 43.90, a price-to-earnings-growth ratio of 1.47 and a beta of 1.29. Netflix, Inc. has a 1 year low of $211.73 and a 1 year high of $485.00. The firm’s fifty day simple moving average is $433.17 and its two-hundred day simple moving average is $382.84.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Wednesday, July 19th. The Internet television network reported $3.29 EPS for the quarter, beating the consensus estimate of $2.85 by $0.44. The firm had revenue of $8.19 billion during the quarter, compared to analyst estimates of $8.29 billion. Netflix had a net margin of 13.22% and a return on equity of 19.76%. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter last year, the business posted $3.20 EPS. Analysts predict that Netflix, Inc. will post 11.92 earnings per share for the current year.

Insider Buying and Selling at Netflix

In other news, CEO Theodore A. Sarandos sold 55,386 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $431.10, for a total transaction of $23,876,904.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Theodore A. Sarandos sold 55,386 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $431.10, for a total transaction of $23,876,904.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jay C. Hoag sold 4,954 shares of the firm’s stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $422.24, for a total transaction of $2,091,776.96. The disclosure for this sale can be found here. In the last 90 days, insiders sold 125,377 shares of company stock worth $54,547,674. Insiders own 2.45% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on NFLX. Pivotal Research increased their price objective on Netflix from $535.00 to $600.00 in a report on Thursday, July 20th. Robert W. Baird raised shares of Netflix from a “neutral” rating to an “outperform” rating and upped their price target for the company from $340.00 to $500.00 in a research report on Monday, July 24th. Loop Capital raised shares of Netflix from a “hold” rating to a “buy” rating and upped their price target for the company from $425.00 to $500.00 in a research report on Friday, August 25th. KeyCorp reaffirmed a “sector weight” rating on shares of Netflix in a research report on Thursday, July 20th. Finally, Credit Suisse Group reaffirmed a “neutral” rating and set a $370.00 price target on shares of Netflix in a research report on Thursday, July 20th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and twenty-four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $432.91.

About Netflix

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and mobile games across various genres and languages. The company provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, television set-top boxes, and mobile devices.