Weaver Consulting Group Acquires New Holdings in Netflix, Inc. (NASDAQ:NFLX)

Weaver Consulting Group acquired a new stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 222 shares of the Internet television network's stock, valued at approximately $207,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Mainstream Capital Management LLC grew its position in shares of Netflix by 3.0% during the 1st quarter. Mainstream Capital Management LLC now owns 2,287 shares of the Internet television network's stock valued at $2,133,000 after acquiring an additional 66 shares during the period. Arlington Trust Co LLC boosted its position in Netflix by 18.1% during the first quarter. Arlington Trust Co LLC now owns 1,302 shares of the Internet television network's stock worth $1,214,000 after purchasing an additional 200 shares in the last quarter. Vishria Bird Financial Group LLC purchased a new position in Netflix during the first quarter worth approximately $207,000. Pinnacle Financial Partners Inc grew its holdings in Netflix by 1.4% in the first quarter. Pinnacle Financial Partners Inc now owns 7,534 shares of the Internet television network's stock valued at $6,856,000 after purchasing an additional 107 shares during the period. Finally, Instrumental Wealth LLC increased its position in shares of Netflix by 6.0% in the first quarter. Instrumental Wealth LLC now owns 248 shares of the Internet television network's stock valued at $231,000 after buying an additional 14 shares in the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. UBS Group increased their target price on Netflix from $1,150.00 to $1,450.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Moffett Nathanson reaffirmed a "buy" rating and set a $1,150.00 price objective (up from $1,100.00) on shares of Netflix in a report on Friday, April 18th. Canaccord Genuity Group boosted their target price on shares of Netflix from $1,380.00 to $1,525.00 and gave the stock a "buy" rating in a research note on Wednesday. Macquarie lifted their price objective on Netflix from $1,150.00 to $1,200.00 and gave the stock an "outperform" rating in a report on Monday, April 21st. Finally, Benchmark reiterated a "hold" rating on shares of Netflix in a research note on Monday, April 21st. Eleven investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $1,182.58.

Netflix Price Performance

Shares of NFLX stock traded up $10.38 during mid-day trading on Friday, reaching $1,295.24. The stock had a trading volume of 2,006,224 shares, compared to its average volume of 3,761,661. Netflix, Inc. has a 12-month low of $587.04 and a 12-month high of $1,341.15. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.58. The business has a 50-day simple moving average of $1,204.00 and a 200 day simple moving average of $1,034.00. The company has a market cap of $551.21 billion, a P/E ratio of 61.21, a price-to-earnings-growth ratio of 2.48 and a beta of 1.59.

Netflix (NASDAQ:NFLX - Get Free Report) last issued 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. Netflix had a return on equity of 39.61% and a net margin of 23.07%. The business had revenue of $10.54 billion during the quarter, compared to analysts' expectations of $10.51 billion. During the same quarter in the previous year, the business earned $8.28 EPS. On average, sell-side analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insider Activity at Netflix

In related news, Director Reed Hastings sold 9,673 shares of the business's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $1,329.11, for a total value of $12,856,481.03. Following the completion of the sale, the director directly owned 394 shares of the company's stock, valued at $523,669.34. The trade was a 96.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Jeffrey William Karbowski sold 620 shares of the business's stock in a transaction 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 186,723 shares of company stock valued at $223,307,201. 1.37% of the stock is currently owned by corporate insiders.

Netflix 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.