Asset Advisors Investment Management LLC Buys 461 Shares of Netflix, Inc. (NASDAQ:NFLX)

Asset Advisors Investment Management LLC lifted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 11.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,579 shares of the Internet television network's stock after acquiring an additional 461 shares during the quarter. Asset Advisors Investment Management LLC's holdings in Netflix were worth $4,270,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Kingsview Wealth Management LLC grew its holdings in Netflix by 8.1% during the first quarter. Kingsview Wealth Management LLC now owns 52,632 shares of the Internet television network's stock valued at $49,081,000 after purchasing an additional 3,938 shares during the period. Woodward Diversified Capital LLC grew its holdings in Netflix by 2.2% during the first quarter. Woodward Diversified Capital LLC now owns 1,092 shares of the Internet television network's stock valued at $1,018,000 after purchasing an additional 24 shares during the period. Montrusco Bolton Investments Inc. bought a new position in Netflix during the first quarter valued at $6,242,000. Verdence Capital Advisors LLC grew its holdings in Netflix by 60.1% during the first quarter. Verdence Capital Advisors LLC now owns 2,399 shares of the Internet television network's stock valued at $2,237,000 after purchasing an additional 901 shares during the period. Finally, Hudock Inc. grew its holdings in Netflix by 30.6% during the first quarter. Hudock Inc. now owns 333 shares of the Internet television network's stock valued at $311,000 after purchasing an additional 78 shares during the period. 80.93% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Netflix

In other Netflix news, Director Jay C. Hoag sold 32,515 shares of the company's stock in a transaction that occurred 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 owned 79,040 shares in the company, valued at approximately $87,099,708.80. This represents a 29.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Bradford L. Smith sold 3,919 shares of the company's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $1,124.26, for a total value of $4,405,974.94. Following the transaction, the director owned 7,969 shares in the company, valued at $8,959,227.94. This trade represents a 32.97% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 186,723 shares of company stock worth $223,307,201 over the last quarter. Insiders own 1.37% of the company's stock.

Netflix Trading Down 5.1%

NASDAQ:NFLX traded down $64.93 during mid-day trading on Friday, reaching $1,209.24. 10,678,762 shares of the company's stock traded hands, compared to its average volume of 3,802,082. Netflix, Inc. has a 12-month low of $587.04 and a 12-month high of $1,341.15. The firm has a market capitalization of $514.62 billion, a price-to-earnings ratio of 57.15, a PEG ratio of 2.26 and a beta of 1.59. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.20 and a quick ratio of 1.20. The company has a 50 day moving average price of $1,231.20 and a 200-day moving average price of $1,058.57.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $7.07 by $0.12. Netflix had a return on equity of 39.61% and a net margin of 23.07%. The company had revenue of $11.08 billion for the quarter, compared to the consensus estimate of $11.04 billion. During the same quarter in the previous year, the business earned $4.88 EPS. Netflix's revenue was up 15.9% compared to the same quarter last year. On average, sell-side analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Moffett Nathanson reissued a "buy" rating and set a $1,150.00 price objective (up from $1,100.00) on shares of Netflix in a report on Friday, April 18th. Pivotal Research reissued a "buy" rating on shares of Netflix in a report on Thursday, July 10th. Piper Sandler increased their price objective on Netflix from $1,400.00 to $1,500.00 and gave the company an "overweight" rating in a report on Friday. KeyCorp lifted their price target on Netflix from $1,070.00 to $1,390.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. Finally, Citigroup reissued a "neutral" rating and set a $1,250.00 price objective (up previously from $1,020.00) on shares of Netflix in a report on Thursday, May 29th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,275.30.

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.