230 Shares in Netflix, Inc. (NASDAQ:NFLX) Purchased by Constitution Capital LLC

Constitution Capital LLC bought a new position in shares of 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 bought 230 shares of the Internet television network's stock, valued at approximately $214,000.

Other institutional investors have also added to or reduced their stakes in the company. Brown Shipley& Co Ltd acquired a new stake in Netflix during the fourth quarter worth about $27,000. Pathway Financial Advisers LLC lifted its stake in Netflix by 82.4% during the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock worth $27,000 after purchasing an additional 14 shares during the period. Transce3nd LLC bought a new position in Netflix during the fourth quarter worth about $32,000. Pineridge Advisors LLC lifted its stake in Netflix by 4,000.0% during the fourth 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. Finally, Copia Wealth Management bought a new position in Netflix during the fourth quarter worth about $37,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have commented on NFLX. JPMorgan Chase & Co. restated a "neutral" rating and set a $1,220.00 price target (up previously from $1,150.00) on shares of Netflix in a research note on Monday, May 19th. Rosenblatt Securities raised their price target on shares of Netflix from $1,494.00 to $1,514.00 and gave the stock a "buy" rating in a research note on Monday, April 21st. Cfra Research upgraded shares of Netflix to a "strong-buy" rating in a research note on Monday, April 28th. Macquarie raised their price target on shares of Netflix from $1,150.00 to $1,200.00 and gave the stock an "outperform" rating in a research note on Monday, April 21st. Finally, Barclays raised their price target on shares of Netflix from $900.00 to $1,000.00 and gave the stock an "equal weight" rating in a research note on Monday, April 21st. Eleven analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $1,149.91.

Insider Activity

In other news, CAO Jeffrey William Karbowski sold 480 shares of the business's stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $978.18, for a total value of $469,526.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ann Mather sold 1,358 shares of the business's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $1,150.00, for a total transaction of $1,561,700.00. The disclosure for this sale can be found here. Insiders sold 153,390 shares of company stock valued at $170,509,439 in the last quarter. Company insiders own 1.37% of the company's stock.

Netflix Price Performance

NFLX opened at $1,241.47 on Friday. The company has a fifty day moving average price of $1,087.80 and a two-hundred day moving average price of $987.81. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. Netflix, Inc. has a 52 week low of $587.04 and a 52 week high of $1,262.81. The firm has a market capitalization of $528.33 billion, a PE ratio of 62.61, a P/E/G ratio of 2.12 and a beta of 1.59.

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

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.

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