AlphaStar Capital Management LLC Grows Holdings in Netflix, Inc. (NASDAQ:NFLX)

AlphaStar Capital Management LLC increased its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 7.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,349 shares of the Internet television network's stock after buying an additional 309 shares during the period. AlphaStar Capital Management LLC's holdings in Netflix were worth $4,056,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Janus Henderson Group PLC increased its stake in Netflix by 8.7% during the 4th quarter. Janus Henderson Group PLC now owns 1,377,081 shares of the Internet television network's stock worth $1,227,468,000 after buying an additional 110,432 shares during the period. PharVision Advisers LLC acquired a new position in Netflix during the 4th quarter worth $873,000. New England Research & Management Inc. grew its holdings in Netflix by 148.5% during 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 grew its holdings in Netflix by 1.0% during 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, Xcel Wealth Management LLC grew its holdings in Netflix by 15.2% during the 1st quarter. Xcel Wealth Management LLC now owns 492 shares of the Internet television network's stock worth $459,000 after acquiring an additional 65 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Evercore ISI reissued an "outperform" rating on shares of Netflix in a report on Thursday, May 15th. Citigroup reissued a "neutral" rating and set a $1,250.00 price objective (up from $1,020.00) on shares of Netflix in a report on Thursday, May 29th. Jefferies Financial Group raised their price objective on shares of Netflix from $1,200.00 to $1,400.00 and gave the stock a "buy" rating in a report on Tuesday, June 3rd. Barclays lifted their price target on shares of Netflix from $900.00 to $1,000.00 and gave the company an "equal weight" rating in a report on Monday, April 21st. Finally, BMO Capital Markets reaffirmed an "outperform" rating and issued a $1,200.00 price target (up from $1,175.00) on shares of Netflix in a report on Friday, April 18th. Twelve research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $1,182.58.

Netflix Stock Down 0.5%

NASDAQ NFLX opened at $1,282.59 on Tuesday. 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 company's 50 day simple moving average is $1,211.46 and its 200 day simple moving average is $1,041.22. Netflix, Inc. has a 12 month low of $587.04 and a 12 month high of $1,341.15. The company has a market capitalization of $545.83 billion, a P/E ratio of 60.59, a PEG ratio of 2.35 and a beta of 1.59.

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

Insider Buying and Selling at Netflix

In other news, Director Strive Masiyiwa sold 290 shares of the business's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $1,336.54, for a total transaction of $387,596.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Reed Hastings sold 9,673 shares of the business's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $1,329.11, for a total transaction of $12,856,481.03. Following the sale, the director owned 394 shares in the company, valued at $523,669.34. This represents a 96.09% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 186,723 shares of company stock valued at $223,307,201 over the last three months. 1.37% of the stock is owned by insiders.

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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