Brio Consultants LLC Invests $273,000 in Netflix, Inc. (NASDAQ:NFLX)

Key Points

• Brio Consultants LLC invested approximately $273,000 in Netflix, acquiring 293 shares during the first quarter of the year.
• Netflix has received a consensus rating of "Moderate Buy" from analysts, with a current price target of $1,297.66, reflecting positive growth expectations.
• Insider selling activity includes significant transactions by CAO Jeffrey Karbowski and Director Reed Hastings, who sold shares valued at approximately $797,841 and $12.86 million respectively.

Brio Consultants LLC acquired a new position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 293 shares of the Internet television network's stock, valued at approximately $273,000.

Other large investors have also modified their holdings of the company. Halbert Hargrove Global Advisors LLC increased its holdings in Netflix by 100.0% in the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock valued at $25,000 after buying an additional 13 shares during the last quarter. Brown Shipley& Co Ltd purchased a new position in Netflix in the fourth quarter valued at $27,000. Transce3nd LLC purchased a new position in Netflix in the fourth quarter valued at $32,000. Copia Wealth Management purchased a new position in Netflix in the fourth quarter valued at $37,000. Finally, Stuart Chaussee & Associates Inc. increased its holdings in Netflix by 4,500.0% in the fourth quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock valued at $41,000 after buying an additional 45 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company's stock.

Wall Street Analysts Forecast Growth

NFLX has been the subject of several research analyst reports. Citigroup restated a "neutral" rating and issued a $1,250.00 price objective (up previously from $1,020.00) on shares of Netflix in a research note on Thursday, May 29th. Morgan Stanley restated an "equal weight" rating on shares of Netflix in a research note on Monday, July 21st. Canaccord Genuity Group restated a "buy" rating on shares of Netflix in a research note on Thursday, July 10th. The Goldman Sachs Group upped their price objective on shares of Netflix from $1,000.00 to $1,140.00 and gave the company a "neutral" rating in a research note on Wednesday, July 2nd. Finally, Barclays restated a "sell" rating and issued a $1,100.00 price objective (up previously from $1,000.00) on shares of Netflix in a research note on Wednesday, July 9th. Three analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-three have given a buy rating and one has 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 a consensus price target of $1,297.66.

Insider Activity

In related news, CAO Jeffrey William Karbowski sold 620 shares of Netflix stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $1,286.84, for a total transaction of $797,840.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Reed Hastings sold 9,673 shares of Netflix stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $1,329.11, for a total value of $12,856,481.03. Following the sale, the director owned 394 shares of the company's stock, valued at approximately $523,669.34. This represents a 96.09% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 153,408 shares of company stock worth $186,614,540 in the last quarter. 1.37% of the stock is currently owned by corporate insiders.

Netflix Trading Down 0.5%

Shares of Netflix stock opened at $1,174.60 on Tuesday. Netflix, Inc. has a 12-month low of $587.04 and a 12-month high of $1,341.15. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58. The stock has a market cap of $499.12 billion, a PE ratio of 50.05, a price-to-earnings-growth ratio of 1.99 and a beta of 1.59. The company has a 50-day moving average of $1,236.10 and a two-hundred day moving average of $1,076.50.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its 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 net margin of 24.58% and a return on equity of 42.50%. The company had revenue of $11.08 billion during the quarter, compared to analysts' expectations of $11.04 billion. During the same period last year, the company posted $4.88 earnings per share. The firm's quarterly revenue was up 15.9% compared to the same quarter last year. On average, research analysts anticipate that Netflix, Inc. will post 24.58 EPS 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.

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