Netflix, Inc. (NASDAQ:NFLX) Shares Acquired by BluePointe Capital Management LLC

BluePointe Capital Management LLC raised its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 27.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,509 shares of the Internet television network's stock after acquiring an additional 328 shares during the quarter. BluePointe Capital Management LLC's holdings in Netflix were worth $1,407,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. lifted its position in shares of Netflix by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 37,488,005 shares of the Internet television network's stock valued at $33,413,809,000 after acquiring an additional 171,712 shares in the last quarter. FMR LLC increased its stake in Netflix by 1.8% during the fourth quarter. FMR LLC now owns 20,887,090 shares of the Internet television network's stock worth $18,617,081,000 after acquiring an additional 375,234 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Netflix by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 9,323,952 shares of the Internet television network's stock worth $8,287,823,000 after purchasing an additional 175,596 shares during the period. GAMMA Investing LLC increased its position in shares of Netflix by 109,524.3% during the 1st quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network's stock valued at $8,239,576,000 after purchasing an additional 8,827,662 shares during the last quarter. Finally, Norges Bank bought a new stake in Netflix in the fourth quarter worth $5,019,087,000. Institutional investors own 80.93% of the company's stock.

Analysts Set New Price Targets

NFLX has been the subject of a number of recent analyst reports. Macquarie lifted their price target on shares of Netflix from $1,150.00 to $1,200.00 and gave the stock an "outperform" rating in a research note on Monday, April 21st. Canaccord Genuity Group reiterated a "buy" rating on shares of Netflix in a research note on Thursday. UBS Group raised their price target on shares of Netflix from $1,150.00 to $1,450.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Morgan Stanley increased their price target on Netflix from $1,150.00 to $1,200.00 and gave the stock an "overweight" rating in a research report on Monday, April 21st. Finally, Evercore ISI restated an "outperform" rating on shares of Netflix in a report on Thursday, May 15th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $1,227.39.

Insider Activity

In related news, Director Reed Hastings sold 26,977 shares of Netflix stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $1,133.05, for a total value of $30,566,289.85. Following the sale, the director directly owned 394 shares in the company, valued at $446,421.70. The trade was a 98.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jay C. Hoag sold 32,515 shares of the company's stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $1,101.97, for a total value of $35,830,554.55. Following the transaction, the director directly owned 79,040 shares in the company, valued at $87,099,708.80. This represents a 29.15% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 186,723 shares of company stock valued at $223,307,201. 1.37% of the stock is owned by insiders.

Netflix Stock Performance

Shares of NASDAQ NFLX traded down $1.68 during midday trading on Tuesday, reaching $1,260.27. 2,798,156 shares of the company were exchanged, compared to its average volume of 3,762,573. The stock has a market cap of $536.33 billion, a P/E ratio of 59.56, a PEG ratio of 2.25 and a beta of 1.59. Netflix, Inc. has a 1 year low of $587.04 and a 1 year high of $1,341.15. The stock has a fifty day simple moving average of $1,224.26 and a 200 day simple moving average of $1,053.21. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.58.

Netflix (NASDAQ:NFLX - Get Free Report) last released its earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.74 by $0.87. Netflix had a return on equity of 39.61% and a net margin of 23.07%. The business had revenue of $10.54 billion for the quarter, compared to analyst estimates of $10.51 billion. During the same quarter in the previous year, the company posted $8.28 earnings per share. On average, research analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

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.