Alta Advisers Ltd Boosts Position in Netflix, Inc. (NASDAQ:NFLX)

Alta Advisers Ltd boosted its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 49.4% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,117 shares of the Internet television network's stock after acquiring an additional 700 shares during the quarter. Netflix accounts for 0.8% of Alta Advisers Ltd's portfolio, making the stock its 22nd biggest holding. Alta Advisers Ltd's holdings in Netflix were worth $1,974,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Brighton Jones LLC increased its position in Netflix by 5.0% in the fourth quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network's stock worth $4,804,000 after buying an additional 257 shares in the last quarter. Revolve Wealth Partners LLC increased its position in Netflix by 16.4% in the fourth 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 in the last quarter. Maia Wealth LLC increased its position in Netflix by 3.2% in the fourth quarter. Maia Wealth LLC now owns 681 shares of the Internet television network's stock worth $662,000 after buying an additional 21 shares in the last quarter. Modera Wealth Management LLC increased its position in Netflix by 17.7% in the fourth quarter. Modera Wealth Management LLC now owns 2,070 shares of the Internet television network's stock worth $1,845,000 after buying an additional 312 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its position in Netflix by 45.4% in the fourth quarter. Jones Financial Companies Lllp now owns 23,044 shares of the Internet television network's stock worth $20,540,000 after buying an additional 7,190 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company's stock.

Insider Transactions at Netflix

In other Netflix news, CAO Jeffrey William Karbowski sold 620 shares of Netflix stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $1,286.84, for a total transaction of $797,840.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ann Mather sold 1,090 shares of Netflix stock in a transaction dated 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 157,319 shares of company stock worth $184,842,109. 1.37% of the stock is currently owned by corporate insiders.

Netflix Trading Up 1.2%

Shares of NASDAQ:NFLX opened at $1,339.13 on Tuesday. Netflix, Inc. has a 12-month low of $587.04 and a 12-month high of $1,341.90. The business's fifty day simple moving average is $1,190.27 and its 200-day simple moving average is $1,027.81. The company has a market capitalization of $569.89 billion, a PE ratio of 63.29, a P/E/G ratio of 2.56 and a beta of 1.59. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.58.

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. Netflix had a return on equity of 39.61% and a net margin of 23.07%. The business had revenue of $10.54 billion for the quarter, compared to the consensus estimate of $10.51 billion. During the same period last year, the business posted $8.28 EPS. As a group, equities research analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

NFLX has been the subject of a number of analyst reports. Phillip Securities upgraded Netflix from a "moderate sell" rating to a "hold" rating in a research report on Monday, April 21st. Benchmark restated a "hold" rating on shares of Netflix in a research report on Monday, April 21st. Barclays upped their price target on Netflix from $900.00 to $1,000.00 and gave the stock an "equal weight" rating in a research report on Monday, April 21st. Bank of America increased their target price on Netflix from $1,175.00 to $1,490.00 and gave the stock a "buy" rating in a research report on Friday, May 30th. Finally, Macquarie increased their target price on Netflix from $1,150.00 to $1,200.00 and gave the stock an "outperform" rating in a research report on Monday, April 21st. Eleven investment 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 stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $1,172.73.

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.

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