Alpine Bank Wealth Management Makes New $446,000 Investment in Netflix, Inc. (NASDAQ:NFLX)

Alpine Bank Wealth Management acquired a new stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 478 shares of the Internet television network's stock, valued at approximately $446,000.

A number of other institutional investors also recently made changes to their positions in NFLX. Halbert Hargrove Global Advisors LLC raised its holdings in Netflix by 100.0% during the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock valued at $25,000 after buying an additional 13 shares during the last quarter. Brown Shipley& Co Ltd bought a new position in Netflix in the 4th quarter worth $27,000. Transce3nd LLC bought a new position in Netflix in the 4th quarter worth $32,000. Copia Wealth Management bought a new position in Netflix in the 4th quarter worth $37,000. Finally, Stuart Chaussee & Associates Inc. raised its holdings in Netflix by 4,500.0% in the 4th quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock worth $41,000 after purchasing an additional 45 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company's stock.

Insider Activity

In related news, Director Ann Mather sold 1,358 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $1,150.00, for a total value of $1,561,700.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Spencer Adam Neumann sold 2,601 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $921.72, for a total transaction of $2,397,393.72. Following the sale, the chief financial officer now owns 3,691 shares in the company, valued at approximately $3,402,068.52. The trade was a 41.34% 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 valued at $210,599,866 in the last 90 days. 1.37% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have commented on NFLX. Macquarie upped their price objective 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. Needham & Company LLC restated a "buy" rating and issued a $1,126.00 price objective on shares of Netflix in a report on Thursday, April 17th. Citigroup restated a "neutral" rating and issued a $1,250.00 price objective (up from $1,020.00) on shares of Netflix in a report on Thursday, May 29th. KeyCorp increased their price target on shares of Netflix from $1,000.00 to $1,070.00 and gave the stock an "overweight" rating in a research note on Monday, April 21st. Finally, Phillip Securities upgraded shares of Netflix from a "moderate sell" rating to a "hold" rating in a research note on Monday, April 21st. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Netflix currently has an average rating of "Moderate Buy" and an average price target of $1,172.73.

Netflix Stock Up 1.3%

NFLX stock traded up $16.45 during trading on Friday, hitting $1,323.12. 4,066,251 shares of the stock traded hands, compared to its average volume of 3,745,947. Netflix, Inc. has a 1 year low of $587.04 and a 1 year high of $1,331.35. The firm's 50 day moving average is $1,183.25 and its two-hundred day moving average is $1,023.58. The stock has a market cap of $563.08 billion, a price-to-earnings ratio of 62.53, a price-to-earnings-growth ratio of 2.53 and a beta of 1.59. 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 (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.74 by $0.87. The firm had revenue of $10.54 billion for the quarter, compared to the consensus estimate of $10.51 billion. Netflix had a net margin of 23.07% and a return on equity of 39.61%. During the same quarter last year, the firm posted $8.28 EPS. On average, sell-side analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current year.

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.