Netflix, Inc. (NASDAQ:NFLX) Shares Bought by Avantax Planning Partners Inc.

Avantax Planning Partners Inc. raised its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 14.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,513 shares of the Internet television network's stock after purchasing an additional 195 shares during the period. Avantax Planning Partners Inc.'s holdings in Netflix were worth $1,411,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of NFLX. Janus Henderson Group PLC lifted its stake in Netflix by 8.7% during the 4th quarter. Janus Henderson Group PLC now owns 1,377,081 shares of the Internet television network's stock valued at $1,227,468,000 after acquiring an additional 110,432 shares during the period. PharVision Advisers LLC acquired a new position in Netflix during the fourth quarter valued at $873,000. New England Research & Management Inc. lifted its position in Netflix by 148.5% during the first quarter. New England Research & Management Inc. now owns 2,122 shares of the Internet television network's stock valued at $1,979,000 after purchasing an additional 1,268 shares during the period. First National Trust Co boosted its holdings in Netflix by 1.0% in the fourth quarter. First National Trust Co now owns 1,258 shares of the Internet television network's stock valued at $1,121,000 after purchasing an additional 12 shares during the last quarter. Finally, Haven Private LLC acquired a new stake in Netflix during the 4th quarter worth about $733,000. Hedge funds and other institutional investors own 80.93% of the company's stock.

Netflix Trading Up 0.8%

NFLX traded up $10.38 during mid-day trading on Friday, hitting $1,295.24. 2,006,224 shares of the stock were exchanged, compared to its average volume of 3,761,661. The company has a market cap of $551.21 billion, a PE ratio of 61.21, a PEG ratio of 2.35 and a beta of 1.59. 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 firm's fifty day moving average is $1,207.87 and its two-hundred day moving average is $1,036.59. Netflix, Inc. has a 1-year low of $587.04 and a 1-year high of $1,341.15.

Netflix (NASDAQ:NFLX - Get Free Report) last announced 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 firm 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 in the previous year, the business posted $8.28 earnings per share. Equities analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. BMO Capital Markets restated an "outperform" rating and issued a $1,200.00 target price (up previously from $1,175.00) on shares of Netflix in a research note on Friday, April 18th. Pivotal Research increased their price target on Netflix from $1,350.00 to $1,600.00 and gave the stock a "buy" rating in a research report on Friday, June 20th. Oppenheimer raised their price objective on Netflix from $1,200.00 to $1,425.00 and gave the company an "outperform" rating in a report on Thursday, June 12th. Loop Capital reaffirmed a "hold" rating on shares of Netflix in a research note on Monday, March 24th. Finally, Morgan Stanley boosted their price target on shares of Netflix from $1,150.00 to $1,200.00 and gave the stock an "overweight" rating in a report on Monday, April 21st. Eleven investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Netflix currently has a consensus rating of "Moderate Buy" and an average target price of $1,182.58.

Insider Buying and Selling

In related news, CFO Spencer Adam Neumann sold 2,601 shares of the firm's stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $1,132.38, for a total value of $2,945,320.38. Following the sale, the chief financial officer owned 3,691 shares of the company's stock, valued at $4,179,614.58. This trade represents a 41.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Bradford L. Smith sold 3,919 shares of the stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $1,124.26, for a total transaction of $4,405,974.94. Following the completion of the sale, the director directly owned 7,969 shares in the company, valued at approximately $8,959,227.94. This represents a 32.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 186,723 shares of company stock valued at $223,307,201. 1.37% of the stock is currently owned by company insiders.

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.