Seamount Financial Group Inc. Invests $220,000 in Netflix, Inc. (NASDAQ:NFLX)

Seamount Financial Group Inc. purchased a new position in Netflix, Inc. (NASDAQ:NFLX) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 310 shares of the Internet television network’s stock, valued at approximately $220,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of NFLX. Denver PWM LLC purchased a new stake in Netflix during the second quarter valued at approximately $25,000. Valued Wealth Advisors LLC lifted its position in Netflix by 80.0% during the first quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock valued at $27,000 after acquiring an additional 20 shares during the last quarter. Indiana Trust & Investment Management CO lifted its position in Netflix by 112.0% during the first quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock valued at $32,000 after acquiring an additional 28 shares during the last quarter. Proffitt & Goodson Inc. lifted its position in Netflix by 380.0% during the second quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock valued at $32,000 after acquiring an additional 38 shares during the last quarter. Finally, AlphaMark Advisors LLC lifted its position in Netflix by 642.9% during the second quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock valued at $35,000 after acquiring an additional 45 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Stock Performance

NFLX opened at $763.89 on Friday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.55. The company has a market cap of $329.24 billion, a price-to-earnings ratio of 53.01, a PEG ratio of 1.49 and a beta of 1.26. Netflix, Inc. has a 52-week low of $392.26 and a 52-week high of $766.28. The firm’s fifty day simple moving average is $696.38 and its two-hundred day simple moving average is $654.94.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, July 18th. The Internet television network reported $4.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.74 by $0.14. The business had revenue of $9.56 billion for 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 revenue was up 16.8% compared to the same quarter last year. During the same period last year, the firm posted $3.29 earnings per share. Equities analysts anticipate that Netflix, Inc. will post 19.08 earnings per share for the current fiscal year.

Analysts Set New Price Targets

NFLX has been the subject of a number of analyst reports. UBS Group increased their target price on shares of Netflix from $750.00 to $825.00 and gave the company a “buy” rating in a research report on Friday. BMO Capital Markets restated an “outperform” rating and set a $825.00 price target (up previously from $770.00) on shares of Netflix in a research note on Friday. Canaccord Genuity Group upped their price target on shares of Netflix from $750.00 to $760.00 and gave the company a “hold” rating in a research note on Friday. Argus upped their price target on shares of Netflix from $660.00 to $767.00 and gave the company a “buy” rating in a research note on Tuesday, July 2nd. Finally, TD Cowen upped their price target on shares of Netflix from $820.00 to $835.00 and gave the company a “buy” rating in a research note on Friday. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have issued a buy rating to the company. According to data from MarketBeat, Netflix has a consensus rating of “Moderate Buy” and an average target price of $747.70.

Insider Buying and Selling at Netflix

In other Netflix news, insider David A. Hyman sold 20,656 shares of the stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $605.13, for a total transaction of $12,499,565.28. Following the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at $19,128,159.30. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, insider David A. Hyman sold 20,656 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $605.13, for a total value of $12,499,565.28. Following the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at approximately $19,128,159.30. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Chairman Reed Hastings sold 25,599 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $631.43, for a total transaction of $16,163,976.57. Following the completion of the transaction, the chairman now directly owns 57 shares in the company, valued at approximately $35,991.51. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 225,167 shares of company stock valued at $150,492,460 over the last ninety days. Corporate 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.