Netflix, Inc. (NASDAQ:NFLX) Stake Boosted by Bogart Wealth LLC

Bogart Wealth LLC boosted its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 1.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,321 shares of the Internet television network's stock after buying an additional 230 shares during the period. Netflix accounts for 0.7% of Bogart Wealth LLC's investment portfolio, making the stock its 26th largest position. Bogart Wealth LLC's holdings in Netflix were worth $14,287,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sigma Planning Corp lifted its holdings in shares of Netflix by 20.1% in the 1st quarter. Sigma Planning Corp now owns 6,692 shares of the Internet television network's stock worth $6,241,000 after acquiring an additional 1,120 shares during the last quarter. Catalyst Financial Partners LLC raised its position in Netflix by 7.9% in the first quarter. Catalyst Financial Partners LLC now owns 1,979 shares of the Internet television network's stock valued at $1,845,000 after purchasing an additional 145 shares during the period. Signaturefd LLC lifted its stake in Netflix by 1.2% during the first quarter. Signaturefd LLC now owns 12,522 shares of the Internet television network's stock worth $11,677,000 after purchasing an additional 144 shares in the last quarter. Slow Capital Inc. lifted its stake in Netflix by 18.9% during the first quarter. Slow Capital Inc. now owns 34,727 shares of the Internet television network's stock worth $32,384,000 after purchasing an additional 5,526 shares in the last quarter. Finally, Mitchell Mcleod Pugh & Williams Inc. boosted its position in shares of Netflix by 21.9% during the first quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 1,917 shares of the Internet television network's stock worth $1,788,000 after buying an additional 345 shares during the period. Institutional investors and hedge funds own 80.93% of the company's stock.

Netflix Stock Up 1.4%

NASDAQ:NFLX traded up $16.84 during mid-day trading on Monday, hitting $1,261.95. The company had a trading volume of 2,774,453 shares, compared to its average volume of 4,257,667. The business has a fifty day simple moving average of $1,221.70 and a 200-day simple moving average of $1,050.73. The firm has a market capitalization of $537.05 billion, a price-to-earnings ratio of 59.64, 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 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 quarterly 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 firm had revenue of $10.54 billion for the quarter, compared to analyst estimates of $10.51 billion. Netflix had a return on equity of 39.61% and a net margin of 23.07%. During the same period in the previous year, the company posted $8.28 EPS. 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 equities analysts recently commented on the company. Jefferies Financial Group raised their target price on Netflix from $1,200.00 to $1,400.00 and gave the company a "buy" rating in a report on Tuesday, June 3rd. Wedbush reissued an "outperform" rating and issued a $1,400.00 price objective on shares of Netflix in a research note on Monday. Loop Capital reaffirmed a "hold" rating on shares of Netflix in a research note on Monday, March 24th. Wolfe Research set a $1,340.00 target price on shares of Netflix and gave the stock an "outperform" rating in a report on Friday, May 16th. Finally, Robert W. Baird boosted their price target on shares of Netflix from $1,200.00 to $1,300.00 and gave the stock an "outperform" rating in a research note on Friday, May 16th. One 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 issued a strong buy rating to the company. Based on data from MarketBeat, Netflix has a consensus rating of "Moderate Buy" and a consensus target price of $1,220.58.

Insider Activity

In other news, Director Reed Hastings sold 26,977 shares of the firm's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $1,133.05, for a total transaction of $30,566,289.85. Following the completion of the sale, the director directly owned 394 shares in the company, valued at $446,421.70. This trade represents a 98.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Bradford L. Smith sold 3,919 shares of the business's stock in a transaction dated Monday, May 12th. The stock was 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 of the company's stock, valued at $8,959,227.94. The trade was 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 valued at $223,307,201 over the last ninety days. 1.37% of the stock is owned by company insiders.

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.