Citizens Financial Group Inc. RI Buys 2,886 Shares of Netflix, Inc. (NASDAQ:NFLX)

Citizens Financial Group Inc. RI raised its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 100.5% during the 2nd quarter, HoldingsChannel reports. The firm owned 5,758 shares of the Internet television network’s stock after purchasing an additional 2,886 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in Netflix were worth $3,886,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Obermeyer Wood Investment Counsel Lllp raised its position in Netflix by 2.8% in the 1st quarter. Obermeyer Wood Investment Counsel Lllp now owns 623 shares of the Internet television network’s stock worth $378,000 after purchasing an additional 17 shares during the last quarter. Private Portfolio Partners LLC raised its position in shares of Netflix by 1.7% during the first quarter. Private Portfolio Partners LLC now owns 1,042 shares of the Internet television network’s stock worth $633,000 after acquiring an additional 17 shares during the last quarter. FAS Wealth Partners Inc. lifted its stake in shares of Netflix by 1.5% during the second quarter. FAS Wealth Partners Inc. now owns 1,164 shares of the Internet television network’s stock valued at $786,000 after acquiring an additional 17 shares during the period. Founders Financial Alliance LLC boosted its holdings in Netflix by 2.4% in the fourth quarter. Founders Financial Alliance LLC now owns 757 shares of the Internet television network’s stock valued at $369,000 after acquiring an additional 18 shares during the last quarter. Finally, Capital Advisors Ltd. LLC increased its position in Netflix by 4.6% in the first quarter. Capital Advisors Ltd. LLC now owns 411 shares of the Internet television network’s stock worth $250,000 after purchasing an additional 18 shares during the period. Institutional investors own 80.93% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on NFLX. Sanford C. Bernstein boosted their price target on shares of Netflix from $600.00 to $625.00 and gave the stock a “market perform” rating in a research note on Friday, July 19th. Needham & Company LLC restated a “buy” rating and set a $700.00 target price on shares of Netflix in a research report on Friday, July 19th. StockNews.com upgraded shares of Netflix from a “hold” rating to a “buy” rating in a research report on Sunday. Loop Capital boosted their price objective on shares of Netflix from $700.00 to $750.00 and gave the company a “buy” rating in a report on Tuesday, June 18th. Finally, Redburn Atlantic increased their target price on shares of Netflix from $740.00 to $760.00 and gave the stock a “buy” rating in a report on Friday, July 19th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $685.29.

Netflix Stock Performance

Shares of NFLX stock opened at $696.50 on Tuesday. Netflix, Inc. has a one year low of $344.73 and a one year high of $711.33. The stock has a market cap of $300.19 billion, a P/E ratio of 48.33, a P/E/G ratio of 1.40 and a beta of 1.26. The company has a fifty day moving average price of $660.22 and a two-hundred day moving average price of $638.54. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.95 and a quick ratio of 0.95.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Thursday, July 18th. The Internet television network reported $4.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.74 by $0.14. The company had revenue of $9.56 billion during the quarter, compared to analysts’ expectations of $9.53 billion. Netflix had a return on equity of 32.93% and a net margin of 19.54%. The business’s revenue was up 16.8% on a year-over-year basis. During the same period last year, the firm posted $3.29 earnings per share. As a group, equities analysts predict that Netflix, Inc. will post 19.08 EPS for the current year.

Insider Buying and Selling at Netflix

In other Netflix news, insider David A. Hyman sold 20,656 shares of Netflix 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 completion of the sale, the insider now owns 31,610 shares in the company, valued at approximately $19,128,159.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Netflix news, insider David A. Hyman sold 20,656 shares of Netflix stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $605.13, for a total value of $12,499,565.28. Following the completion of the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at approximately $19,128,159.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Reed Hastings sold 22,526 shares of the stock in a transaction on Monday, July 1st. The stock was sold at an average price of $670.49, for a total value of $15,103,457.74. Following the sale, the chairman now directly owns 57 shares in the company, valued at $38,217.93. The disclosure for this sale can be found here. Insiders have sold a total of 196,798 shares of company stock worth $129,552,672 over the last ninety days. Insiders own 1.76% of the company’s stock.

About Netflix

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.