ARK & TLK Investments LLC purchased a new position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 223 shares of the Internet television network's stock, valued at approximately $208,000.
A number of other hedge funds also recently modified their holdings of NFLX. Brighton Jones LLC raised its position in shares of Netflix by 5.0% during the fourth 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 raised its position in Netflix by 16.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network's stock valued at $912,000 after buying an additional 144 shares during the last quarter. BIP Wealth LLC raised its position in Netflix by 23.8% in the 4th quarter. BIP Wealth LLC now owns 453 shares of the Internet television network's stock valued at $403,000 after buying an additional 87 shares during the last quarter. Proficio Capital Partners LLC raised its position in Netflix by 39.1% in the 4th quarter. Proficio Capital Partners LLC now owns 2,161 shares of the Internet television network's stock valued at $1,926,000 after buying an additional 607 shares during the last quarter. Finally, Parnassus Investments LLC raised its position in Netflix by 8.7% in the 4th quarter. Parnassus Investments LLC now owns 1,234 shares of the Internet television network's stock valued at $1,100,000 after buying an additional 99 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts recently issued reports on the company. Pivotal Research reissued a "buy" rating on shares of Netflix in a research report on Thursday. Oppenheimer lifted their target price on Netflix from $1,200.00 to $1,425.00 and gave the company an "outperform" rating in a research report on Thursday, June 12th. Robert W. Baird lifted their target price on Netflix from $1,200.00 to $1,300.00 and gave the company an "outperform" rating in a research report on Friday, May 16th. Rosenblatt Securities lifted their target price on Netflix from $1,494.00 to $1,514.00 and gave the company a "buy" rating in a research report on Monday, April 21st. Finally, Wolfe Research set a $1,340.00 target price on Netflix and gave the company an "outperform" rating in a research report on Friday, May 16th. One research 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 assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $1,214.52.
Get Our Latest Research Report on NFLX
Netflix Stock Performance
Shares of NASDAQ NFLX opened at $1,245.11 on Friday. 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, Inc. has a 12 month low of $587.04 and a 12 month high of $1,341.15. The stock has a 50 day moving average of $1,221.70 and a 200-day moving average of $1,049.04. The company has a market capitalization of $529.88 billion, a P/E ratio of 58.84, a P/E/G ratio of 2.27 and a beta of 1.59.
Netflix (NASDAQ:NFLX - Get Free Report) last issued its earnings results on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, topping the consensus estimate of $5.74 by $0.87. Netflix had a return on equity of 39.61% and a net margin of 23.07%. The company had revenue of $10.54 billion during the quarter, compared to the consensus estimate of $10.51 billion. During the same period in the previous year, the company posted $8.28 EPS. As a group, equities research analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.
Insider Buying and Selling at Netflix
In related news, Director Ann Mather sold 1,090 shares of Netflix stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $1,250.00, for a total transaction of $1,362,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Jeffrey William Karbowski sold 620 shares of Netflix stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $1,286.84, for a total value of $797,840.80. The disclosure for this sale can be found here. Insiders sold a total of 186,723 shares of company stock worth $223,307,201 in the last 90 days. Company insiders own 1.37% of the company's stock.
About Netflix
(
Free Report)
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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