Sofos Investments Inc. Has $1.66 Million Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Sofos Investments Inc. grew its holdings in Netflix, Inc. (NASDAQ:NFLX) by 14.2% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 2,171 shares of the Internet television network’s stock after buying an additional 270 shares during the quarter. Sofos Investments Inc.’s holdings in Netflix were worth $1,663,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Schmidt P J Investment Management Inc. boosted its holdings in Netflix by 3.1% in the second quarter. Schmidt P J Investment Management Inc. now owns 656 shares of the Internet television network’s stock valued at $338,000 after acquiring an additional 20 shares during the last quarter. Parcion Private Wealth LLC boosted its holdings in Netflix by 1.3% in the second quarter. Parcion Private Wealth LLC now owns 1,609 shares of the Internet television network’s stock valued at $850,000 after acquiring an additional 20 shares during the last quarter. Purus Wealth Management LLC boosted its holdings in Netflix by 2.8% in the second quarter. Purus Wealth Management LLC now owns 724 shares of the Internet television network’s stock valued at $382,000 after acquiring an additional 20 shares during the last quarter. LexAurum Advisors LLC boosted its holdings in Netflix by 2.8% in the second quarter. LexAurum Advisors LLC now owns 732 shares of the Internet television network’s stock valued at $387,000 after acquiring an additional 20 shares during the last quarter. Finally, Investors Research Corp boosted its holdings in Netflix by 3.4% in the second quarter. Investors Research Corp now owns 638 shares of the Internet television network’s stock valued at $337,000 after acquiring an additional 21 shares during the last quarter. Institutional investors and hedge funds own 79.51% of the company’s stock.

Several equities analysts recently issued reports on the company. Wedbush reiterated an “underperform” rating and issued a $342.00 price target on shares of Netflix in a report on Wednesday, July 21st. Citigroup raised their target price on Netflix from $570.00 to $595.00 and gave the stock a “neutral” rating in a report on Thursday, September 2nd. KGI Securities initiated coverage on Netflix in a report on Tuesday, June 1st. They set a “neutral” rating on the stock. The Goldman Sachs Group initiated coverage on Netflix in a report on Monday, September 13th. They set a “neutral” rating and a $590.00 target price on the stock. Finally, KeyCorp reduced their target price on Netflix from $650.00 to $645.00 and set an “overweight” rating on the stock in a report on Wednesday, July 21st. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Netflix currently has an average rating of “Buy” and a consensus price target of $616.79.

Shares of NASDAQ NFLX traded up $2.84 during midday trading on Tuesday, hitting $578.27. 56,633 shares of the company’s stock were exchanged, compared to its average volume of 4,071,119. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.08. Netflix, Inc. has a 12 month low of $463.41 and a 12 month high of $615.60. The company’s 50 day moving average price is $546.52 and its 200 day moving average price is $525.64. The firm has a market capitalization of $255.94 billion, a PE ratio of 59.63, a price-to-earnings-growth ratio of 1.88 and a beta of 0.76.

Netflix (NASDAQ:NFLX) last issued its earnings results on Monday, July 19th. The Internet television network reported $2.97 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $3.16 by ($0.19). Netflix had a return on equity of 36.49% and a net margin of 15.92%. The business had revenue of $7.34 billion for the quarter, compared to the consensus estimate of $7.32 billion. During the same quarter in the prior year, the firm posted $1.59 earnings per share. The business’s revenue was up 19.4% compared to the same quarter last year. On average, equities research analysts anticipate that Netflix, Inc. will post 10.38 EPS for the current year.

In related news, Director Jay C. Hoag sold 8,960 shares of the business’s stock in a transaction on Wednesday, August 11th. The stock was sold at an average price of $513.41, for a total value of $4,600,153.60. Following the completion of the sale, the director now directly owns 1,498 shares in the company, valued at approximately $769,088.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jay C. Hoag sold 939 shares of the business’s stock in a transaction on Tuesday, August 3rd. The shares were sold at an average price of $510.16, for a total value of $479,040.24. The disclosure for this sale can be found here. Insiders have sold a total of 17,649 shares of company stock valued at $9,729,194 over the last quarter. 3.40% of the stock is currently owned by corporate insiders.

Netflix Profile

Netflix, Inc operates as a streaming entertainment service company. The firm provides subscription service streaming movies and television episodes over the Internet and sending DVDs by mail. It operates through the following segments: Domestic Streaming, International Streaming and Domestic DVD. The Domestic Streaming segment derives revenues from monthly membership fees for services consisting of streaming content to its members in the United States.

Featured Story: Debt-To-Equity Ratio

Want to see what other hedge funds are holding NFLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Netflix, Inc. (NASDAQ:NFLX).

Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

Receive News & Ratings for Netflix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netflix and related companies with MarketBeat.com's FREE daily email newsletter.