Intrepid Financial Planning Group LLC Invests $218,000 in Netflix, Inc. (NASDAQ:NFLX)

Intrepid Financial Planning Group LLC bought a new stake in Netflix, Inc. (NASDAQ:NFLX) in the second quarter, HoldingsChannel reports. The fund bought 323 shares of the Internet television network’s stock, valued at approximately $218,000.

Other large investors have also recently made changes to their positions in the company. Denver PWM LLC purchased a new stake in Netflix in the second quarter valued at approximately $25,000. Valued Wealth Advisors LLC raised its position in Netflix by 80.0% in the 1st quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock valued at $27,000 after purchasing an additional 20 shares during the last quarter. VitalStone Financial LLC raised its position in Netflix by 933.3% in the 4th quarter. VitalStone Financial LLC now owns 62 shares of the Internet television network’s stock valued at $30,000 after purchasing an additional 56 shares during the last quarter. Beaird Harris Wealth Management LLC boosted its stake in Netflix by 1,550.0% during the 4th quarter. Beaird Harris Wealth Management LLC now owns 66 shares of the Internet television network’s stock worth $32,000 after purchasing an additional 62 shares during the period. Finally, Scarborough Advisors LLC purchased a new position in Netflix during the 4th quarter worth $32,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Netflix Trading Down 2.3 %

Netflix stock opened at $690.47 on Thursday. The stock has a 50-day moving average price of $660.90 and a 200 day moving average price of $639.51. Netflix, Inc. has a 52 week low of $344.73 and a 52 week high of $711.33. The stock has a market cap of $297.59 billion, a PE ratio of 47.92, a P/E/G ratio of 1.40 and a beta of 1.26. 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 (NASDAQ:NFLX) last issued its quarterly earnings results on Thursday, July 18th. The Internet television network reported $4.88 EPS for the quarter, topping analysts’ consensus estimates of $4.74 by $0.14. The business had revenue of $9.56 billion during the quarter, compared to the consensus estimate of $9.53 billion. Netflix had a net margin of 19.54% and a return on equity of 32.93%. The company’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.29 earnings per share. Equities research analysts predict that Netflix, Inc. will post 19.08 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on NFLX. Argus upped their target price on shares of Netflix from $660.00 to $767.00 and gave the company a “buy” rating in a report on Tuesday, July 2nd. Evercore ISI upped their price objective on Netflix from $710.00 to $750.00 and gave the company an “outperform” rating in a research note on Tuesday, August 27th. TD Cowen increased their price objective on Netflix from $725.00 to $775.00 and gave the stock a “buy” rating in a research report on Tuesday, July 9th. UBS Group upped their price objective on shares of Netflix from $685.00 to $750.00 and gave the stock a “buy” rating in a research report on Friday, July 19th. Finally, Macquarie reaffirmed an “outperform” rating and issued a $685.00 target price on shares of Netflix in a report on Tuesday, July 16th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-four have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $685.29.

Insider Buying and Selling at Netflix

In other news, Chairman Reed Hastings sold 22,526 shares of the firm’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $670.49, for a total transaction of $15,103,457.74. Following the sale, the chairman now owns 57 shares in the company, valued at $38,217.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Chairman Reed Hastings sold 22,526 shares of the stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $670.49, for a total transaction of $15,103,457.74. Following the transaction, the chairman now directly owns 57 shares in the company, valued at approximately $38,217.93. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Gregory K. Peters sold 1,278 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $614.44, for a total transaction of $785,254.32. Following the completion of the sale, the chief executive officer now directly owns 13,090 shares in the company, valued at $8,043,019.60. The disclosure for this sale can be found here. In the last three months, insiders sold 196,798 shares of company stock worth $129,552,672. Insiders own 1.76% of the company’s stock.

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.