Montrusco Bolton Investments Inc. Purchases New Position in Netflix, Inc. (NASDAQ:NFLX)

Montrusco Bolton Investments Inc. purchased a new stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 6,694 shares of the Internet television network's stock, valued at approximately $6,242,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Janus Henderson Group PLC lifted its holdings in shares of 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 purchasing an additional 110,432 shares in the last quarter. PharVision Advisers LLC bought a new position in shares of Netflix during the fourth quarter valued at $873,000. New England Research & Management Inc. lifted its holdings in shares of Netflix by 148.5% during the first quarter. New England Research & Management Inc. now owns 2,122 shares of the Internet television network's stock valued at $1,979,000 after purchasing an additional 1,268 shares in the last quarter. Xcel Wealth Management LLC lifted its holdings in shares of Netflix by 15.2% during the first quarter. Xcel Wealth Management LLC now owns 492 shares of the Internet television network's stock valued at $459,000 after purchasing an additional 65 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of Netflix by 6.1% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 54,638 shares of the Internet television network's stock valued at $50,952,000 after purchasing an additional 3,137 shares in the last quarter. 80.93% of the stock is owned by institutional investors.

Insider Transactions at Netflix

In related news, Director Bradford L. Smith sold 3,919 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $1,124.26, for a total transaction 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 approximately $8,959,227.94. This represents a 32.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jay C. Hoag sold 32,515 shares of the stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $1,101.97, for a total value of $35,830,554.55. Following the transaction, the director directly owned 79,040 shares of the company's stock, valued at approximately $87,099,708.80. The trade was a 29.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 186,723 shares of company stock valued at $223,307,201 in the last ninety days. Corporate insiders own 1.37% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on NFLX. Wedbush reissued an "outperform" rating and issued a $1,500.00 target price (up previously from $1,400.00) on shares of Netflix in a report on Monday. Citigroup reissued a "neutral" rating and issued a $1,250.00 target price (up previously from $1,020.00) on shares of Netflix in a report on Thursday, May 29th. Loop Capital reissued a "hold" rating on shares of Netflix in a report on Tuesday. Benchmark reissued a "hold" rating on shares of Netflix in a report on Monday, April 21st. Finally, BMO Capital Markets reissued an "outperform" rating and issued a $1,425.00 target price (up previously from $1,200.00) on shares of Netflix in a report on Tuesday. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Netflix has an average rating of "Moderate Buy" and an average target price of $1,275.30.

Netflix Price Performance

Shares of NASDAQ:NFLX traded down $64.93 during trading on Friday, hitting $1,209.24. 10,678,762 shares of the company's stock were exchanged, compared to its average volume of 3,802,076. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.20 and a quick ratio of 1.20. Netflix, Inc. has a 52-week low of $587.04 and a 52-week high of $1,341.15. The business's 50-day simple moving average is $1,231.20 and its 200 day simple moving average is $1,058.57. The company has a market cap of $514.62 billion, a price-to-earnings ratio of 57.15, a PEG ratio of 2.26 and a beta of 1.59.

Netflix (NASDAQ:NFLX - Get Free Report) last released its earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.07 by $0.12. Netflix had a return on equity of 39.61% and a net margin of 23.07%. The firm had revenue of $11.08 billion during the quarter, compared to analysts' expectations of $11.04 billion. During the same quarter last year, the business posted $4.88 earnings per share. The firm's revenue was up 15.9% on a year-over-year basis. As a group, equities analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.

Netflix Company 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.