SilverOak Wealth Management LLC Purchases New Shares in Netflix, Inc. (NASDAQ:NFLX)

SilverOak Wealth Management LLC purchased a new position in Netflix, Inc. (NASDAQ:NFLX - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 221 shares of the Internet television network's stock, valued at approximately $206,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Halbert Hargrove Global Advisors LLC lifted its holdings in shares of Netflix by 100.0% during the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock valued at $25,000 after purchasing an additional 13 shares during the last quarter. Brown Shipley& Co Ltd acquired a new position in Netflix in the 4th quarter valued at approximately $27,000. Transce3nd LLC acquired a new position in Netflix in the 4th quarter valued at approximately $32,000. Copia Wealth Management acquired a new position in Netflix in the 4th quarter worth about $37,000. Finally, Stuart Chaussee & Associates Inc. increased its position in Netflix by 4,500.0% in the 4th quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock worth $41,000 after purchasing an additional 45 shares during the last quarter. Institutional investors own 80.93% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Jefferies Financial Group increased their price objective on Netflix from $1,200.00 to $1,400.00 and gave the company a "buy" rating in a report on Tuesday, June 3rd. Bank of America raised their price objective on Netflix from $1,175.00 to $1,490.00 and gave the stock a "buy" rating in a research report on Friday, May 30th. Canaccord Genuity Group raised their price objective on Netflix from $1,380.00 to $1,525.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Needham & Company LLC restated a "buy" rating and set a $1,126.00 target price on shares of Netflix in a research report on Thursday, April 17th. Finally, Pivotal Research raised their target price on Netflix from $1,350.00 to $1,600.00 and gave the stock a "buy" rating in a research report on Friday, June 20th. Twelve research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,182.58.

Insiders Place Their Bets

In other Netflix news, Director Jay C. Hoag sold 31,750 shares of the firm's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $1,252.35, for a total transaction of $39,762,112.50. Following the transaction, the director directly owned 63,040 shares in the company, valued at $78,948,144. This trade represents a 33.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Reed Hastings sold 16,840 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $1,295.78, for a total transaction of $21,820,935.20. Following the completion of the sale, the director directly owned 10,067 shares of the company's stock, valued at $13,044,617.26. The trade was a 62.59% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 186,723 shares of company stock worth $223,307,201. 1.37% of the stock is owned by corporate insiders.

Netflix Stock Performance

Netflix stock traded down $14.31 during midday trading on Tuesday, reaching $1,275.31. 3,281,114 shares of the company traded hands, compared to its average volume of 3,758,236. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.20 and a quick ratio of 1.20. Netflix, Inc. has a 12 month low of $587.04 and a 12 month high of $1,341.15. The firm has a market capitalization of $542.73 billion, a price-to-earnings ratio of 60.27, a price-to-earnings-growth ratio of 2.35 and a beta of 1.59. The business has a 50 day moving average of $1,211.46 and a two-hundred day moving average of $1,041.22.

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

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.