Lazari Capital Management Inc. Acquires 123 Shares of Netflix, Inc. (NASDAQ:NFLX)

Lazari Capital Management Inc. boosted its holdings in Netflix, Inc. (NASDAQ:NFLX) by 3.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,931 shares of the Internet television network’s stock after buying an additional 123 shares during the quarter. Netflix makes up approximately 1.2% of Lazari Capital Management Inc.’s investment portfolio, making the stock its 18th largest position. Lazari Capital Management Inc.’s holdings in Netflix were worth $2,653,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. Campbell & CO Investment Adviser LLC raised its holdings in Netflix by 59.6% during the 4th quarter. Campbell & CO Investment Adviser LLC now owns 1,503 shares of the Internet television network’s stock worth $732,000 after purchasing an additional 561 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in Netflix by 135.6% during the 4th quarter. Jones Financial Companies Lllp now owns 509 shares of the Internet television network’s stock worth $248,000 after purchasing an additional 293 shares during the last quarter. Holderness Investments Co. raised its holdings in Netflix by 2.1% during the 4th quarter. Holderness Investments Co. now owns 1,228 shares of the Internet television network’s stock worth $598,000 after purchasing an additional 25 shares during the last quarter. Capital International Sarl raised its holdings in Netflix by 11.0% during the 4th quarter. Capital International Sarl now owns 74,946 shares of the Internet television network’s stock worth $36,490,000 after purchasing an additional 7,447 shares during the last quarter. Finally, Capital World Investors raised its holdings in Netflix by 0.7% during the 4th quarter. Capital World Investors now owns 11,744,636 shares of the Internet television network’s stock worth $5,718,265,000 after purchasing an additional 78,320 shares during the last quarter. Institutional investors own 80.93% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on NFLX. The Goldman Sachs Group raised their price target on shares of Netflix from $650.00 to $659.00 and gave the stock a “neutral” rating in a report on Friday, July 19th. Oppenheimer restated an “outperform” rating and set a $725.00 price target on shares of Netflix in a report on Tuesday, July 30th. Jefferies Financial Group raised their price target on shares of Netflix from $655.00 to $780.00 and gave the stock a “buy” rating in a report on Tuesday, July 16th. Guggenheim lifted their price objective on shares of Netflix from $700.00 to $735.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Finally, StockNews.com raised shares of Netflix from a “hold” rating to a “buy” rating in a research note on Tuesday, September 24th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $686.03.

Netflix Trading Down 0.4 %

Shares of NFLX stock opened at $706.13 on Wednesday. Netflix, Inc. has a 52-week low of $344.73 and a 52-week high of $725.26. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.95 and a current ratio of 0.95. The company has a 50-day simple moving average of $672.13 and a two-hundred day simple moving average of $646.29. The company has a market capitalization of $304.34 billion, a price-to-earnings ratio of 49.00, a PEG ratio of 1.44 and a beta of 1.26.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Thursday, July 18th. The Internet television network reported $4.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.74 by $0.14. Netflix had a net margin of 19.54% and a return on equity of 32.93%. The business had revenue of $9.56 billion during the quarter, compared to the consensus estimate of $9.53 billion. During the same period in the prior year, the firm posted $3.29 EPS. The firm’s quarterly revenue was up 16.8% compared to the same quarter last year. Research analysts anticipate that Netflix, Inc. will post 19.08 EPS for the current fiscal year.

Insiders Place Their Bets

In other Netflix news, Director Leslie J. Kilgore sold 402 shares of the business’s stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $725.00, for a total value of $291,450.00. Following the transaction, the director now directly owns 35,262 shares in the company, valued at $25,564,950. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Netflix news, CEO Gregory K. Peters sold 4,392 shares of the business’s stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $725.00, for a total value of $3,184,200.00. Following the transaction, the chief executive officer now directly owns 13,090 shares in the company, valued at $9,490,250. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Leslie J. Kilgore sold 402 shares of the business’s stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $725.00, for a total transaction of $291,450.00. Following the completion of the transaction, the director now owns 35,262 shares in the company, valued at $25,564,950. The disclosure for this sale can be found here. In the last ninety days, insiders sold 179,494 shares of company stock valued at $118,230,884. Corporate insiders own 1.76% of the company’s stock.

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.