282 Shares in Netflix, Inc. (NASDAQ:NFLX) Bought by Terra Nova Asset Management LLC

Terra Nova Asset Management LLC acquired a new stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 282 shares of the Internet television network's stock, valued at approximately $263,000.

Several other large investors have also bought and sold shares of NFLX. Halbert Hargrove Global Advisors LLC lifted its stake in Netflix by 100.0% during the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock valued at $25,000 after acquiring an additional 13 shares in the last quarter. Brown Shipley& Co Ltd bought a new position in Netflix during the 4th quarter valued at $27,000. Transce3nd LLC bought a new position in Netflix during the 4th quarter valued at $32,000. Copia Wealth Management bought a new position in Netflix during the 4th quarter valued at $37,000. Finally, Stuart Chaussee & Associates Inc. lifted its stake in Netflix by 4,500.0% during the 4th quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock valued at $41,000 after acquiring an additional 45 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors.

Netflix Price Performance

Shares of NASDAQ NFLX traded up $16.45 during midday trading on Friday, hitting $1,323.12. 4,066,251 shares of the company's stock were exchanged, compared to its average volume of 3,745,947. Netflix, Inc. has a 12-month low of $587.04 and a 12-month high of $1,330.72. 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 company has a market cap of $563.08 billion, a price-to-earnings ratio of 62.53, a PEG ratio of 2.53 and a beta of 1.59. The business's fifty day moving average price is $1,176.24 and its two-hundred day moving average price is $1,020.75.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, beating the consensus estimate of $5.74 by $0.87. Netflix had a return on equity of 39.61% and a net margin of 23.07%. 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 company posted $8.28 earnings per share. As a group, research analysts forecast that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

NFLX has been the topic of a number of recent analyst reports. Piper Sandler set a $1,150.00 target price on Netflix and gave the stock an "overweight" rating in a research note on Monday, April 21st. Wells Fargo & Company lifted their target price on Netflix from $1,222.00 to $1,500.00 and gave the stock an "overweight" rating in a research note on Friday, June 20th. Needham & Company LLC reiterated a "buy" rating and set a $1,126.00 target price on shares of Netflix in a research note on Thursday, April 17th. 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 research note on Friday, May 30th. Finally, Morgan Stanley lifted their target price on Netflix from $1,150.00 to $1,200.00 and gave the stock an "overweight" rating in a research note on Monday, April 21st. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $1,172.73.

Insider Buying and Selling at Netflix

In related news, CAO Jeffrey William Karbowski sold 160 shares of the company's stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $1,000.00, for a total transaction of $160,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Gregory K. Peters sold 2,027 shares of the company's stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $1,141.51, for a total value of $2,313,840.77. Following the transaction, the chief executive officer now owns 12,781 shares of the company's stock, valued at approximately $14,589,639.31. This represents a 13.69% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 185,280 shares of company stock worth $210,599,866. 1.37% of the stock is currently owned by 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.