Aspetuck Financial Management LLC Buys New Holdings in Netflix, Inc. (NASDAQ:NFLX)

Aspetuck Financial Management LLC bought a new position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 543 shares of the Internet television network's stock, valued at approximately $506,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Pure Financial Advisors LLC raised its holdings in Netflix by 16.2% during the first quarter. Pure Financial Advisors LLC now owns 2,230 shares of the Internet television network's stock worth $2,079,000 after acquiring an additional 311 shares in the last quarter. Wealth Effects LLC raised its stake in Netflix by 176.8% in the first quarter. Wealth Effects LLC now owns 1,315 shares of the Internet television network's stock valued at $1,226,000 after buying an additional 840 shares during the period. Perigon Wealth Management LLC raised its stake in Netflix by 2.7% in the first quarter. Perigon Wealth Management LLC now owns 12,266 shares of the Internet television network's stock valued at $11,438,000 after buying an additional 323 shares during the period. Omnia Family Wealth LLC raised its stake in Netflix by 10.3% in the first quarter. Omnia Family Wealth LLC now owns 450 shares of the Internet television network's stock valued at $420,000 after buying an additional 42 shares during the period. Finally, Tyche Wealth Partners LLC raised its stake in Netflix by 1.3% in the first quarter. Tyche Wealth Partners LLC now owns 3,148 shares of the Internet television network's stock valued at $2,936,000 after buying an additional 39 shares during the period. Institutional investors own 80.93% of the company's stock.

Netflix Price Performance

Shares of NFLX stock traded up $16.45 during trading hours on Friday, reaching $1,323.12. The company's stock had a trading volume of 4,066,251 shares, compared to its average volume of 3,745,947. The firm's 50 day simple moving average is $1,176.24 and its 200-day simple moving average is $1,020.75. The company has a market capitalization of $563.08 billion, a price-to-earnings ratio of 62.53, a PEG ratio of 2.53 and a beta of 1.59. Netflix, Inc. has a fifty-two week low of $587.04 and a fifty-two week high of $1,330.72. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.58.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its earnings results 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 firm 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 39.61% and a net margin of 23.07%. During the same quarter last year, the business posted $8.28 EPS. Sell-side analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insider Buying and Selling at Netflix

In other news, CFO Spencer Adam Neumann sold 2,601 shares of the stock in a transaction 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 completion of the transaction, the chief financial officer now directly owns 3,691 shares in the company, valued at approximately $3,402,068.52. This represents a 41.34% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jay C. Hoag sold 32,515 shares of the stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $1,101.97, for a total value of $35,830,554.55. Following the completion of the transaction, the director now owns 79,040 shares of the company's stock, valued at $87,099,708.80. The trade was a 29.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 185,280 shares of company stock valued at $210,599,866. 1.37% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on NFLX shares. 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 on the stock. Wolfe Research set a $1,340.00 price objective on Netflix and gave the company an "outperform" rating in a research note on Friday, May 16th. Cfra Research upgraded Netflix to a "strong-buy" rating in a research note on Monday, April 28th. Benchmark restated a "hold" rating on shares of Netflix in a research note on Monday, April 21st. Finally, Macquarie upped their price objective on Netflix from $1,150.00 to $1,200.00 and gave the company an "outperform" rating in a research note 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 assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,172.73.

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.