842 Shares in Netflix, Inc. (NASDAQ:NFLX) Bought by Inscription Capital LLC

Inscription Capital LLC bought a new stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 842 shares of the Internet television network's stock, valued at approximately $785,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of NFLX. Brown Shipley& Co Ltd acquired a new position in shares of Netflix during the 4th quarter worth about $27,000. Transce3nd LLC purchased a new stake in Netflix during the fourth quarter worth approximately $32,000. Copia Wealth Management acquired a new position in Netflix in the fourth quarter valued at approximately $37,000. Stuart Chaussee & Associates Inc. increased its stake in Netflix by 4,500.0% in the fourth quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock valued at $41,000 after purchasing an additional 45 shares during the last quarter. Finally, FPC Investment Advisory Inc. increased its stake in Netflix by 628.6% in the fourth quarter. FPC Investment Advisory Inc. now owns 51 shares of the Internet television network's stock valued at $50,000 after purchasing an additional 44 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Netflix news, insider Cletus R. Willems sold 298 shares of the business's stock in a transaction on Wednesday, May 7th. The shares were 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 approximately $35,972,180. The trade was a 0.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Jeffrey William Karbowski sold 480 shares of the stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $978.18, for a total transaction of $469,526.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 185,140 shares of company stock worth $210,271,552. 1.37% of the stock is owned by corporate insiders.

Netflix Price Performance

Shares of NASDAQ:NFLX opened at $1,220.67 on Wednesday. Netflix, Inc. has a 52 week low of $587.04 and a 52 week high of $1,262.81. The company has a 50-day moving average price of $1,132.97 and a 200 day moving average price of $1,004.83. The company has a market cap of $519.48 billion, a P/E ratio of 57.69, a PEG ratio of 2.37 and a beta of 1.59. 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 earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.74 by $0.87. Netflix had a return on equity of 39.61% and a net margin of 23.07%. The business had revenue of $10.54 billion during the quarter, compared to the consensus estimate of $10.51 billion. During the same period in the prior year, the business posted $8.28 EPS. Research analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on NFLX. Canaccord Genuity Group boosted 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. Wedbush reissued an "outperform" rating and issued a $1,200.00 price target on shares of Netflix in a research report on Monday, May 5th. Macquarie upped their price objective on shares of Netflix from $1,150.00 to $1,200.00 and gave the company an "outperform" rating in a research note on Monday, April 21st. KeyCorp lifted their target price on Netflix from $1,000.00 to $1,070.00 and gave the stock an "overweight" rating in a research report on Monday, April 21st. Finally, Barclays upped their target price on Netflix from $900.00 to $1,000.00 and gave the company an "equal weight" rating in a research report on Monday, April 21st. Eleven research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $1,156.73.

About Netflix

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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