3Chopt Investment Partners LLC Makes New $409,000 Investment in Netflix, Inc. (NASDAQ:NFLX)

3Chopt Investment Partners LLC acquired a new position 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 439 shares of the Internet television network's stock, valued at approximately $409,000.

Several other institutional investors also recently bought and sold shares of the company. Janus Henderson Group PLC increased its holdings in Netflix by 8.7% during the fourth quarter. Janus Henderson Group PLC now owns 1,377,081 shares of the Internet television network's stock valued at $1,227,468,000 after buying an additional 110,432 shares during the period. PharVision Advisers LLC bought a new position in shares of Netflix in the 4th quarter worth $873,000. New England Research & Management Inc. raised its position in shares of Netflix by 148.5% in the 1st quarter. New England Research & Management Inc. now owns 2,122 shares of the Internet television network's stock worth $1,979,000 after acquiring an additional 1,268 shares in the last quarter. First National Trust Co raised its position in shares of Netflix by 1.0% in the 4th quarter. First National Trust Co now owns 1,258 shares of the Internet television network's stock worth $1,121,000 after acquiring an additional 12 shares in the last quarter. Finally, Haven Private LLC bought a new position in shares of Netflix in the 4th quarter worth $733,000. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on NFLX. Cfra Research upgraded Netflix to a "strong-buy" rating in a research note on Monday, April 28th. Canaccord Genuity Group lifted their price objective on shares of Netflix from $1,200.00 to $1,380.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. Robert W. Baird lifted their price objective on shares of Netflix from $1,200.00 to $1,300.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. FBN Securities initiated coverage on shares of Netflix in a report on Thursday, March 27th. They issued an "outperform" rating and a $1,165.00 price target on the stock. Finally, Macquarie lifted their price target on shares of Netflix from $1,150.00 to $1,200.00 and gave the stock an "outperform" rating in a report on Monday, April 21st. Eleven analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Netflix presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,172.73.

Netflix Price Performance

NASDAQ:NFLX opened at $1,323.12 on Friday. The company has a market capitalization of $563.08 billion, a P/E ratio of 62.53, a P/E/G ratio of 2.56 and a beta of 1.59. Netflix, Inc. has a 52 week low of $587.04 and a 52 week high of $1,331.35. The stock's fifty day moving average is $1,183.25 and its two-hundred day moving average is $1,024.18. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.58.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, topping the consensus estimate of $5.74 by $0.87. The company had revenue of $10.54 billion for the quarter, compared to the consensus estimate of $10.51 billion. Netflix had a return on equity of 39.61% and a net margin of 23.07%. During the same quarter in the prior year, the business earned $8.28 EPS. Equities analysts expect that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Activity at Netflix

In other Netflix news, Director Jay C. Hoag sold 32,515 shares of the firm's stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $1,101.97, for a total value of $35,830,554.55. Following the transaction, the director now directly owns 79,040 shares of the company's stock, valued at $87,099,708.80. This trade represents a 29.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Cletus R. Willems sold 298 shares of Netflix stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $1,138.00, for a total transaction of $339,124.00. Following the sale, the insider now directly owns 31,610 shares in the company, valued at $35,972,180. This trade represents a 0.93% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 185,280 shares of company stock worth $210,599,866 in the last three months. Insiders own 1.37% of the company's stock.

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.

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