Richard P Slaughter Associates Inc Buys Shares of 1,086 Netflix, Inc. (NASDAQ:NFLX)

Richard P Slaughter Associates Inc acquired a new stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,086 shares of the Internet television network's stock, valued at approximately $1,013,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Brown Shipley& Co Ltd acquired a new stake in shares of Netflix in the fourth quarter valued at about $27,000. Pathway Financial Advisers LLC increased its position in Netflix by 82.4% during the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock valued at $27,000 after purchasing an additional 14 shares during the period. Transce3nd LLC bought a new position in Netflix during the 4th quarter worth approximately $32,000. Newton One Investments LLC acquired a new position in shares of Netflix in the 4th quarter worth approximately $34,000. Finally, Pineridge Advisors LLC lifted its position in shares of Netflix by 4,000.0% in the 4th quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network's stock worth $37,000 after purchasing an additional 40 shares during the period. 80.93% of the stock is currently owned by institutional investors.

Netflix Stock Performance

NFLX traded up $10.86 during trading on Thursday, hitting $1,250.52. The stock had a trading volume of 2,814,568 shares, compared to its average volume of 3,745,433. Netflix, Inc. has a twelve month low of $587.04 and a twelve month high of $1,262.59. The firm has a market capitalization of $532.19 billion, a P/E ratio of 63.06, a PEG ratio of 2.12 and a beta of 1.58. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. The company's 50-day moving average price is $1,075.18 and its 200 day moving average price is $982.47.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.74 by $0.87. The company had revenue of $10.54 billion during the quarter, compared to analysts' expectations of $10.51 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. During the same quarter in the previous year, the business posted $8.28 earnings per share. On average, equities research analysts forecast that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Reed Hastings sold 26,933 shares of the firm's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $1,211.66, for a total transaction of $32,633,638.78. Following the completion of the sale, the director now directly owns 394 shares of the company's stock, valued at approximately $477,394.04. This trade represents a 98.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Spencer Adam Neumann sold 2,601 shares of the stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $1,211.67, for a total transaction of $3,151,553.67. Following the sale, the chief financial officer now owns 3,691 shares in the company, valued at approximately $4,472,273.97. This trade represents a 41.34% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 152,300 shares of company stock valued at $169,146,939. 1.37% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on NFLX. Bank of America lifted their target price on Netflix from $1,175.00 to $1,490.00 and gave the stock a "buy" rating in a report on Friday, May 30th. Needham & Company LLC restated a "buy" rating and set a $1,126.00 price objective on shares of Netflix in a report on Thursday, April 17th. Pivotal Research lifted their price objective on shares of Netflix from $1,250.00 to $1,350.00 and gave the company a "buy" rating in a report on Monday, April 21st. Phillip Securities raised shares of Netflix from a "moderate sell" rating to a "hold" rating in a research report on Monday, April 21st. Finally, Citigroup reaffirmed a "neutral" rating and issued a $1,250.00 price target (up previously from $1,020.00) on shares of Netflix in a research report on Thursday, May 29th. Eleven investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Netflix has a consensus rating of "Moderate Buy" and an average target price of $1,149.91.

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.