Mathes Company Inc. Has $986,000 Position in Netflix, Inc. (NASDAQ:NFLX)

by · The Cerbat Gem

Mathes Company Inc. reduced its stake in Netflix, Inc. (NASDAQ:NFLX – Free Report) by 36.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,057 shares of the Internet television network’s stock after selling 607 shares during the period. Mathes Company Inc.’s holdings in Netflix were worth $986,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Janus Henderson Group PLC grew its stake in shares of Netflix by 8.7% in the fourth quarter. Janus Henderson Group PLC now owns 1,377,081 shares of the Internet television network’s stock valued at $1,227,468,000 after acquiring an additional 110,432 shares in the last quarter. PharVision Advisers LLC acquired a new position in shares of Netflix in the fourth quarter valued at about $873,000. New England Research & Management Inc. grew its stake in shares of Netflix by 148.5% in the first quarter. New England Research & Management Inc. now owns 2,122 shares of the Internet television network’s stock valued at $1,979,000 after acquiring an additional 1,268 shares in the last quarter. First National Trust Co grew its stake in shares of Netflix by 1.0% in the fourth quarter. First National Trust Co now owns 1,258 shares of the Internet television network’s stock valued at $1,121,000 after acquiring an additional 12 shares in the last quarter. Finally, Xcel Wealth Management LLC grew its stake in shares of Netflix by 15.2% in the first quarter. Xcel Wealth Management LLC now owns 492 shares of the Internet television network’s stock valued at $459,000 after acquiring an additional 65 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently commented on NFLX shares. Wolfe Research set a $1,340.00 price target on shares of Netflix and gave the company an “outperform” rating in a research note on Friday, May 16th. Bank of America upped their price target on shares of Netflix from $1,175.00 to $1,490.00 and gave the company a “buy” rating in a research note on Friday, May 30th. JPMorgan Chase & Co. upped their price target on shares of Netflix from $1,220.00 to $1,230.00 and gave the company a “neutral” rating in a research note on Friday. Jefferies Financial Group upped their price objective on shares of Netflix from $1,200.00 to $1,400.00 and gave the stock a “buy” rating in a research report on Tuesday, June 3rd. Finally, Loop Capital reaffirmed a “hold” rating on shares of Netflix in a research report on Monday, March 24th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Netflix currently has a consensus rating of “Moderate Buy” and an average price target of $1,214.52.

Read Our Latest Report on Netflix

Insider Activity at Netflix

In other news, CAO Jeffrey William Karbowski sold 620 shares of the firm’s stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $1,286.84, for a total transaction of $797,840.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Strive Masiyiwa sold 290 shares of the firm’s stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $1,336.54, for a total transaction of $387,596.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 186,723 shares of company stock worth $223,307,201. Corporate insiders own 1.37% of the company’s stock.

Netflix Stock Performance

NASDAQ:NFLX opened at $1,245.11 on Friday. The company has a market capitalization of $529.88 billion, a PE ratio of 58.84, a P/E/G ratio of 2.27 and a beta of 1.59. The company has a 50 day simple moving average of $1,221.70 and a two-hundred day simple moving average of $1,049.04. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.20 and a current ratio of 1.20. Netflix, Inc. has a fifty-two week low of $587.04 and a fifty-two week high of $1,341.15.

Netflix (NASDAQ:NFLX – Get Free Report) last announced its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, topping the consensus estimate of $5.74 by $0.87. The company had revenue of $10.54 billion during the quarter, compared to the consensus estimate of $10.51 billion. Netflix had a net margin of 23.07% and a return on equity of 39.61%. During the same quarter last year, the firm posted $8.28 EPS. Research analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current year.

Netflix Company Profile

(Free Report)

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.

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