Appleton Partners Inc. MA Has $16.43 Million Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Appleton Partners Inc. MA lowered its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 5.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,619 shares of the Internet television network's stock after selling 1,107 shares during the quarter. Netflix accounts for 1.3% of Appleton Partners Inc. MA's holdings, making the stock its 20th biggest position. Appleton Partners Inc. MA's holdings in Netflix were worth $16,430,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Halbert Hargrove Global Advisors LLC boosted its holdings in shares of Netflix by 100.0% in 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 acquired a new stake in shares of Netflix in the 4th quarter valued at approximately $27,000. Transce3nd LLC acquired a new stake in shares of Netflix in the 4th quarter valued at approximately $32,000. Copia Wealth Management acquired a new stake in shares of Netflix in the 4th quarter valued at approximately $37,000. Finally, Stuart Chaussee & Associates Inc. boosted its holdings in shares of Netflix by 4,500.0% in the 4th quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock valued at $41,000 after buying an additional 45 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company's stock.

Netflix Stock Performance

NASDAQ:NFLX opened at $1,231.49 on Friday. The stock has a market cap of $524.09 billion, a P/E ratio of 58.20, a price-to-earnings-growth ratio of 2.36 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. The stock's 50-day moving average is $1,150.80 and its 200-day moving average is $1,010.84. Netflix, Inc. has a 1-year low of $587.04 and a 1-year high of $1,262.81.

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 for the quarter, compared to analysts' expectations of $10.51 billion. Netflix had a return on equity of 39.61% and a net margin of 23.07%. During the same period in the previous year, the business posted $8.28 earnings per share. Equities research analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently commented on NFLX. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $1,220.00 price objective (up previously from $1,150.00) on shares of Netflix in a report on Monday, May 19th. FBN Securities began coverage on Netflix in a report on Thursday, March 27th. They issued an "outperform" rating and a $1,165.00 price objective for the company. Robert W. Baird increased their price objective on Netflix from $1,200.00 to $1,300.00 and gave the company an "outperform" rating in a report on Friday, May 16th. Loop Capital reaffirmed a "hold" rating on shares of Netflix in a report on Monday, March 24th. Finally, Jefferies Financial Group raised their price target on Netflix from $1,200.00 to $1,400.00 and gave the company a "buy" rating in a report on Tuesday, June 3rd. Eleven analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Netflix presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,172.73.

Insider Transactions at Netflix

In related news, CFO Spencer Adam Neumann sold 2,601 shares of Netflix stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $921.72, for a total value of $2,397,393.72. Following the transaction, the chief financial officer now directly owns 3,691 shares of the company's stock, valued at $3,402,068.52. The trade was a 41.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Jeffrey William Karbowski sold 160 shares of Netflix stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $1,000.00, for a total value of $160,000.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 185,140 shares of company stock worth $210,271,552. Insiders own 1.37% of the company's stock.

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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