Netflix, Inc. (NASDAQ:NFLX) Shares Bought by Capital Advisors Inc. OK

Capital Advisors Inc. OK grew its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 3.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,891 shares of the Internet television network's stock after acquiring an additional 198 shares during the quarter. Capital Advisors Inc. OK's holdings in Netflix were worth $6,426,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of NFLX. Halbert Hargrove Global Advisors LLC lifted its stake in shares of Netflix by 100.0% in the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock valued at $25,000 after purchasing an additional 13 shares during the last quarter. Brown Shipley& Co Ltd acquired a new stake in shares of Netflix during the 4th quarter worth about $27,000. Transce3nd LLC purchased a new stake in Netflix in the 4th quarter valued at about $32,000. Copia Wealth Management acquired a new position in Netflix in the fourth quarter valued at about $37,000. Finally, Stuart Chaussee & Associates Inc. lifted its position 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.

Netflix Stock Performance

NASDAQ NFLX traded down $7.56 during trading hours on Monday, hitting $1,289.62. The company had a trading volume of 2,271,110 shares, compared to its average volume of 3,760,108. The business has a 50 day moving average of $1,207.87 and a 200-day moving average of $1,038.56. The company has a market cap of $548.82 billion, a PE ratio of 60.95, a price-to-earnings-growth ratio of 2.35 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 debt-to-equity ratio of 0.58, a quick ratio of 1.20 and a current ratio of 1.20.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, beating the consensus estimate of $5.74 by $0.87. The business had revenue of $10.54 billion during the quarter, compared to the consensus estimate 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 business earned $8.28 EPS. As a group, equities research analysts expect that Netflix, Inc. will post 24.58 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Robert W. Baird lifted their price target on shares of Netflix from $1,200.00 to $1,300.00 and gave the company an "outperform" rating in a research report on Friday, May 16th. Macquarie upped their price target on Netflix from $1,150.00 to $1,200.00 and gave the stock an "outperform" rating in a research note on Monday, April 21st. Loop Capital reaffirmed a "hold" rating on shares of Netflix in a research note on Monday, March 24th. FBN Securities started coverage on Netflix in a research note on Thursday, March 27th. They set an "outperform" rating and a $1,165.00 target price on the stock. Finally, Needham & Company LLC restated a "buy" rating and set a $1,126.00 target price on shares of Netflix in a report on Thursday, April 17th. Eleven research 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. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $1,182.58.

Insiders Place Their Bets

In other news, CAO Jeffrey William Karbowski sold 620 shares of Netflix stock in a transaction 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Jay C. Hoag sold 31,750 shares of the stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $1,252.35, for a total transaction of $39,762,112.50. Following the sale, the director owned 63,040 shares of the company's stock, valued at approximately $78,948,144. This represents a 33.50% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 186,723 shares of company stock valued at $223,307,201. 1.37% of the stock is owned by 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.