IFC Advisors LLC Makes New Investment in Netflix, Inc. (NASDAQ:NFLX)

IFC Advisors LLC purchased a new stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 885 shares of the Internet television network's stock, valued at approximately $825,000.

Several other institutional investors and hedge funds have also recently modified their holdings of NFLX. Brighton Jones LLC increased its holdings in Netflix by 5.0% during the 4th quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network's stock worth $4,804,000 after purchasing an additional 257 shares during the period. Revolve Wealth Partners LLC grew its stake in Netflix by 16.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network's stock worth $912,000 after buying an additional 144 shares during the last quarter. BIP Wealth LLC grew its stake in Netflix by 23.8% during the 4th quarter. BIP Wealth LLC now owns 453 shares of the Internet television network's stock worth $403,000 after buying an additional 87 shares during the last quarter. Proficio Capital Partners LLC grew its stake in Netflix by 39.1% during the 4th quarter. Proficio Capital Partners LLC now owns 2,161 shares of the Internet television network's stock worth $1,926,000 after buying an additional 607 shares during the last quarter. Finally, Parnassus Investments LLC grew its stake in Netflix by 8.7% during the 4th quarter. Parnassus Investments LLC now owns 1,234 shares of the Internet television network's stock worth $1,100,000 after buying an additional 99 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company's stock.

Insiders Place Their Bets

In related news, Director Ann Mather sold 1,090 shares of Netflix stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $1,250.00, for a total value of $1,362,500.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Spencer Adam Neumann sold 2,601 shares of Netflix stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $1,307.22, for a total value of $3,400,079.22. Following the completion of the transaction, the chief financial officer owned 3,691 shares in the company, valued at $4,824,949.02. The trade was a 41.34% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 186,723 shares of company stock valued at $223,307,201. 1.37% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

NFLX has been the topic of a number of research reports. Robert W. Baird raised their price target on Netflix from $1,200.00 to $1,300.00 and gave the stock an "outperform" rating in a research note on Friday, May 16th. Piper Sandler raised their price target on Netflix from $1,150.00 to $1,400.00 and gave the stock an "overweight" rating in a research note on Friday. Loop Capital restated a "hold" rating on shares of Netflix in a research note on Monday, March 24th. Canaccord Genuity Group reaffirmed a "buy" rating on shares of Netflix in a research report on Thursday. Finally, UBS Group increased 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. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $1,214.52.

Netflix Price Performance

Netflix stock traded down $5.48 during mid-day trading on Friday, hitting $1,245.11. 3,948,915 shares of the company were exchanged, compared to its average volume of 3,766,443. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.20 and a quick ratio of 1.20. The business's 50 day simple moving average is $1,221.70 and its two-hundred day simple moving average is $1,049.04. The company has a market capitalization of $529.88 billion, a P/E ratio of 58.84, a PEG ratio of 2.27 and a beta of 1.59. Netflix, Inc. has a 12-month low of $587.04 and a 12-month high of $1,341.15.

Netflix (NASDAQ:NFLX - Get Free Report) last released 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 during 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 last year, the business posted $8.28 earnings per share. Analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current fiscal 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.