Davis Investment Partners LLC Purchases New Shares in Netflix, Inc. (NASDAQ:NFLX)

Davis Investment Partners LLC bought a new stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 283 shares of the Internet television network's stock, valued at approximately $264,000.

Several other institutional investors also recently bought and sold shares of NFLX. Members Wealth LLC increased its position in Netflix by 4.9% during the 1st quarter. Members Wealth LLC now owns 237 shares of the Internet television network's stock valued at $221,000 after buying an additional 11 shares in the last quarter. Tran Capital Management L.P. bought a new position in Netflix during the 1st quarter valued at approximately $5,713,000. Braun Bostich & Associates Inc. increased its position in Netflix by 2.7% during the 1st quarter. Braun Bostich & Associates Inc. now owns 528 shares of the Internet television network's stock valued at $492,000 after buying an additional 14 shares in the last quarter. Fifth Third Bancorp increased its position in Netflix by 11.1% during the 1st quarter. Fifth Third Bancorp now owns 93,872 shares of the Internet television network's stock valued at $87,538,000 after buying an additional 9,416 shares in the last quarter. Finally, Simon Quick Advisors LLC increased its position in Netflix by 12.0% during the 1st quarter. Simon Quick Advisors LLC now owns 6,388 shares of the Internet television network's stock valued at $5,957,000 after buying an additional 683 shares in the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Netflix Stock Performance

Shares of NFLX stock traded down $4.85 during trading hours on Thursday, reaching $1,215.03. 2,079,198 shares of the company traded hands, compared to its average volume of 3,762,526. Netflix, Inc. has a 12-month low of $587.04 and a 12-month high of $1,262.81. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. The company has a market cap of $517.08 billion, a P/E ratio of 61.27, a P/E/G ratio of 2.12 and a beta of 1.59. The firm has a 50-day moving average price of $1,106.59 and a 200 day moving average price of $994.50.

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

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Cfra Research raised Netflix to a "strong-buy" rating in a research report on Monday, April 28th. Phillip Securities raised Netflix from a "moderate sell" rating to a "hold" rating in a research report on Monday, April 21st. Citigroup reaffirmed a "neutral" rating and set a $1,250.00 price objective (up previously from $1,020.00) on shares of Netflix in a research report on Thursday, May 29th. KeyCorp raised their price objective on Netflix from $1,000.00 to $1,070.00 and gave the company an "overweight" rating in a research report on Monday, April 21st. Finally, FBN Securities initiated coverage on Netflix in a research note on Thursday, March 27th. They issued an "outperform" rating and a $1,165.00 price target for the company. 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's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $1,156.73.

Insiders Place Their Bets

In other news, CAO Jeffrey William Karbowski sold 480 shares of the stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $978.18, for a total transaction of $469,526.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ann Mather sold 1,090 shares of the stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $1,250.00, for a total value of $1,362,500.00. The disclosure for this sale can be found here. Insiders sold 185,140 shares of company stock worth $210,271,552 in the last three months. 1.37% of the stock is owned by company 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.