Netflix, Inc. (NASDAQ:NFLX) Shares Bought by Arlington Trust Co LLC

Arlington Trust Co LLC increased its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 18.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,302 shares of the Internet television network's stock after acquiring an additional 200 shares during the quarter. Arlington Trust Co LLC's holdings in Netflix were worth $1,214,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of NFLX. Halbert Hargrove Global Advisors LLC lifted its stake 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 purchasing an additional 13 shares during the last quarter. Brown Shipley& Co Ltd purchased a new stake in Netflix in the 4th quarter valued at about $27,000. Transce3nd LLC purchased a new stake in Netflix in the 4th quarter valued at about $32,000. Copia Wealth Management acquired a new position in Netflix in the fourth quarter valued at about $37,000. Finally, Stuart Chaussee & Associates Inc. boosted its stake in Netflix by 4,500.0% during the fourth quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock worth $41,000 after buying an additional 45 shares during the period. Hedge funds and other institutional investors own 80.93% of the company's stock.

Netflix Stock Performance

Shares of Netflix stock traded down $8.74 during trading hours on Wednesday, hitting $1,284.86. 3,045,565 shares of the company were exchanged, compared to its average volume of 3,753,800. The business has a 50-day moving average of $1,195.33 and a 200-day moving average of $1,029.66. Netflix, Inc. has a 1 year low of $587.04 and a 1 year high of $1,341.15. 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 has a market capitalization of $546.80 billion, a price-to-earnings ratio of 60.72, a P/E/G ratio of 2.59 and a beta of 1.59.

Netflix (NASDAQ:NFLX - Get Free Report) last released 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. The company had revenue of $10.54 billion during the quarter, compared to analysts' expectations 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 business earned $8.28 EPS. As a group, analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. KeyCorp boosted their price target on shares of Netflix from $1,000.00 to $1,070.00 and gave the company an "overweight" rating in a research note on Monday, April 21st. Cfra Research upgraded shares of Netflix to a "strong-buy" rating in a report on Monday, April 28th. Bank of America boosted their target price on Netflix from $1,175.00 to $1,490.00 and gave the company a "buy" rating in a research report on Friday, May 30th. BMO Capital Markets restated an "outperform" rating and set a $1,200.00 price target (up from $1,175.00) on shares of Netflix in a research note on Friday, April 18th. Finally, FBN Securities started coverage on Netflix in a research note on Thursday, March 27th. They issued an "outperform" rating and a $1,165.00 price objective for the company. Eleven equities research 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 stock currently has a consensus rating of "Moderate Buy" and an average target price of $1,182.58.

Insider Transactions at Netflix

In other Netflix news, Director Reed Hastings sold 26,933 shares of the business's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $1,211.66, for a total transaction of $32,633,638.78. Following the transaction, the director owned 394 shares in the company, valued at approximately $477,394.04. The trade was a 98.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Ann Mather sold 1,090 shares of the 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 value of $1,362,500.00. The disclosure for this sale can be found here. Insiders have sold 157,319 shares of company stock valued at $184,842,109 over the last 90 days. Insiders own 1.37% of the company's stock.

Netflix Company 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.