Arkfeld Wealth Strategies L.L.C. Makes New $203,000 Investment in Netflix, Inc. (NASDAQ:NFLX)

Arkfeld Wealth Strategies L.L.C. bought a new stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 215 shares of the Internet television network's stock, valued at approximately $203,000.

A number of other institutional investors have also recently made changes to their positions in NFLX. Pathway Financial Advisers LLC increased its position in shares of Netflix by 82.4% during the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock valued at $27,000 after purchasing an additional 14 shares during the last quarter. Brown Shipley& Co Ltd bought a new stake in Netflix in the fourth quarter worth $27,000. Transce3nd LLC purchased a new position in Netflix during the fourth quarter worth $32,000. Pineridge Advisors LLC increased its position in Netflix by 4,000.0% during the fourth quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network's stock valued at $37,000 after acquiring an additional 40 shares during the last quarter. Finally, Copia Wealth Management bought a new position in Netflix during the fourth quarter valued at $37,000. Institutional investors own 80.93% of the company's stock.

Insider Activity

In related news, Director Jay C. Hoag sold 32,515 shares of the business's stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $1,101.97, for a total transaction of $35,830,554.55. Following the transaction, the director now directly owns 79,040 shares in the company, valued at $87,099,708.80. The trade was a 29.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Spencer Adam Neumann sold 2,601 shares of the stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $921.72, for a total value of $2,397,393.72. Following the completion of the sale, the chief financial officer now owns 3,691 shares of the company's stock, valued at approximately $3,402,068.52. This trade represents a 41.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 153,390 shares of company stock worth $170,509,439. Corporate insiders own 1.37% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Moffett Nathanson restated a "buy" rating and issued a $1,150.00 target price (up previously from $1,100.00) on shares of Netflix in a report on Friday, April 18th. Evercore ISI reissued an "outperform" rating on shares of Netflix in a research note on Thursday, May 15th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $1,220.00 target price (up previously from $1,150.00) on shares of Netflix in a research note on Monday, May 19th. Citigroup reissued a "neutral" rating and set a $1,250.00 price target (up from $1,020.00) on shares of Netflix in a research note on Thursday, May 29th. Finally, KeyCorp boosted their price objective on Netflix from $1,000.00 to $1,070.00 and gave the company an "overweight" rating in a report on Monday, April 21st. Eleven analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $1,149.91.

Netflix Stock Down 0.7%

Shares of NASDAQ:NFLX traded down $9.05 on Friday, reaching $1,241.47. The company had a trading volume of 2,554,452 shares, compared to its average volume of 3,750,029. The firm has a market capitalization of $528.33 billion, a PE ratio of 62.61, a PEG ratio of 2.12 and a beta of 1.59. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. Netflix, Inc. has a 52-week low of $587.04 and a 52-week high of $1,262.81. The firm's 50 day simple moving average is $1,081.54 and its 200-day simple moving average is $985.25.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, beating analysts' consensus estimates of $5.74 by $0.87. The company had revenue of $10.54 billion for the quarter, compared to the consensus estimate of $10.51 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. During the same quarter last year, the company earned $8.28 earnings per share. As a group, analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

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.