3,541 Shares in Netflix, Inc. (NASDAQ:NFLX) Bought by Q3 Asset Management

Q3 Asset Management purchased a new stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,541 shares of the Internet television network's stock, valued at approximately $3,302,000. Netflix accounts for about 2.3% of Q3 Asset Management's portfolio, making the stock its 14th biggest holding.

Other large investors have also made changes to their positions in the company. Fulton Breakefield Broenniman LLC increased its holdings in Netflix by 2.3% in the first quarter. Fulton Breakefield Broenniman LLC now owns 16,147 shares of the Internet television network's stock valued at $15,058,000 after purchasing an additional 362 shares during the last quarter. Emerald Advisers LLC increased its holdings in Netflix by 43.6% in the first quarter. Emerald Advisers LLC now owns 1,050 shares of the Internet television network's stock valued at $979,000 after purchasing an additional 319 shares during the last quarter. New York State Common Retirement Fund increased its holdings in Netflix by 0.4% in the first quarter. New York State Common Retirement Fund now owns 577,537 shares of the Internet television network's stock valued at $538,571,000 after purchasing an additional 2,079 shares during the last quarter. FDx Advisors Inc. increased its holdings in Netflix by 16.3% in the first quarter. FDx Advisors Inc. now owns 721 shares of the Internet television network's stock valued at $672,000 after purchasing an additional 101 shares during the last quarter. Finally, BankPlus Trust Department increased its holdings in Netflix by 18.8% in the first quarter. BankPlus Trust Department now owns 536 shares of the Internet television network's stock valued at $500,000 after purchasing an additional 85 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company's stock.

Insider Buying and Selling

In other Netflix news, Director Reed Hastings sold 26,977 shares of Netflix stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $1,133.05, for a total value of $30,566,289.85. Following the completion of the transaction, the director directly owned 394 shares of the company's stock, valued at $446,421.70. The trade was a 98.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Bradford L. Smith sold 3,919 shares of Netflix stock in a transaction on Monday, May 12th. The shares were sold at an average price of $1,124.26, for a total value of $4,405,974.94. Following the completion of the transaction, the director directly owned 7,969 shares of the company's stock, valued at $8,959,227.94. This represents a 32.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 186,723 shares of company stock valued at $223,307,201 over the last 90 days. 1.37% of the stock is currently owned by insiders.

Netflix Stock Performance

NASDAQ:NFLX traded up $16.84 during mid-day trading on Monday, hitting $1,261.95. 2,774,453 shares of the stock were exchanged, compared to its average volume of 3,764,148. The stock has a market capitalization of $537.05 billion, a price-to-earnings ratio of 59.64, a price-to-earnings-growth ratio of 2.25 and a beta of 1.59. The firm's 50-day simple moving average is $1,221.70 and its 200 day simple moving average is $1,050.73. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.20 and a current ratio of 1.20. Netflix, Inc. has a fifty-two week low of $587.04 and a fifty-two week high of $1,341.15.

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. The firm had revenue of $10.54 billion during the quarter, compared to analysts' expectations of $10.51 billion. Netflix had a return on equity of 39.61% and a net margin of 23.07%. During the same period in the previous year, the firm earned $8.28 EPS. As a group, equities analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have issued reports on NFLX. Pivotal Research reissued a "buy" rating on shares of Netflix in a research note on Thursday. UBS Group upped their price objective on Netflix from $1,150.00 to $1,450.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Evercore ISI reaffirmed an "outperform" rating on shares of Netflix in a research report on Thursday, May 15th. Macquarie increased their price target on Netflix from $1,150.00 to $1,200.00 and gave the company an "outperform" rating in a research report on Monday, April 21st. Finally, Benchmark reissued a "hold" rating on shares of Netflix in a research report on Monday, April 21st. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,220.58.

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.