Brown Advisory Inc. Acquires 23,700 Shares of Netflix, Inc. (NASDAQ:NFLX)

Brown Advisory Inc. grew its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 9.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 270,958 shares of the Internet television network's stock after acquiring an additional 23,700 shares during the quarter. Brown Advisory Inc. owned 0.06% of Netflix worth $252,676,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of NFLX. Halbert Hargrove Global Advisors LLC raised its stake in shares of Netflix by 100.0% during the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock worth $25,000 after purchasing an additional 13 shares in the last quarter. Brown Shipley& Co Ltd bought a new stake in shares of Netflix during the 4th quarter worth approximately $27,000. Transce3nd LLC bought a new stake in shares of Netflix during the 4th quarter worth approximately $32,000. Copia Wealth Management bought a new stake in shares of Netflix during the 4th quarter worth approximately $37,000. Finally, Barnes Dennig Private Wealth Management LLC bought a new stake in shares of Netflix during the 1st quarter worth approximately $42,000. Institutional investors and hedge funds own 80.93% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Citigroup restated a "neutral" rating and issued a $1,250.00 price target (up previously from $1,020.00) on shares of Netflix in a research note on Thursday, May 29th. Barclays increased their price target on Netflix from $900.00 to $1,000.00 and gave the company an "equal weight" rating in a research note on Monday, April 21st. Wells Fargo & Company increased their price target on Netflix from $1,222.00 to $1,500.00 and gave the company an "overweight" rating in a research note on Friday, June 20th. FBN Securities assumed coverage on Netflix in a research note on Thursday, March 27th. They issued an "outperform" rating and a $1,165.00 price target on the stock. Finally, KeyCorp increased their price target on Netflix from $1,000.00 to $1,070.00 and gave the company an "overweight" rating in a research note on Monday, April 21st. Twelve analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $1,182.58.

Netflix Trading Down 1.1%

Netflix stock traded down $14.31 during trading hours on Tuesday, hitting $1,275.31. The stock had a trading volume of 3,281,114 shares, compared to its average volume of 3,758,230. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.58. The stock has a market cap of $542.73 billion, a price-to-earnings ratio of 60.27, a P/E/G ratio of 2.35 and a beta of 1.59. Netflix, Inc. has a one year low of $587.04 and a one year high of $1,341.15. The business's 50 day simple moving average is $1,211.46 and its 200-day simple moving average is $1,041.22.

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

Insiders Place Their Bets

In other Netflix news, Director Reed Hastings sold 9,673 shares of Netflix stock in a transaction that occurred on 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 completion of the sale, the director directly owned 394 shares in the company, valued at approximately $523,669.34. The trade was a 96.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Jeffrey William Karbowski sold 620 shares of the firm's stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $1,286.84, for a total value of $797,840.80. The disclosure for this sale can be found here. Insiders sold a total of 186,723 shares of company stock valued at $223,307,201 in the last 90 days. Company insiders own 1.37% of the company's stock.

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.