Capital Asset Advisory Services LLC Has $562,000 Position in Netflix, Inc. (NASDAQ:NFLX)

Capital Asset Advisory Services LLC increased its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 59.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 601 shares of the Internet television network's stock after purchasing an additional 224 shares during the quarter. Capital Asset Advisory Services LLC's holdings in Netflix were worth $562,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. West Michigan Advisors LLC grew its stake in shares of Netflix by 1.3% in the fourth quarter. West Michigan Advisors LLC now owns 776 shares of the Internet television network's stock worth $692,000 after acquiring an additional 10 shares during the last quarter. Warwick Investment Management Inc. lifted its stake in shares of Netflix by 3.5% in the fourth quarter. Warwick Investment Management Inc. now owns 298 shares of the Internet television network's stock valued at $266,000 after buying an additional 10 shares during the period. MRP Capital Investments LLC lifted its stake in shares of Netflix by 1.0% in the fourth quarter. MRP Capital Investments LLC now owns 1,052 shares of the Internet television network's stock valued at $938,000 after buying an additional 10 shares during the period. Bedell Frazier Investment Counselling LLC grew its position in Netflix by 2.2% during the fourth quarter. Bedell Frazier Investment Counselling LLC now owns 462 shares of the Internet television network's stock worth $412,000 after buying an additional 10 shares in the last quarter. Finally, Mission Creek Capital Partners Inc. increased its stake in Netflix by 0.3% during the fourth quarter. Mission Creek Capital Partners Inc. now owns 3,826 shares of the Internet television network's stock valued at $3,410,000 after acquiring an additional 10 shares during the period. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Canaccord Genuity Group lifted their price objective on Netflix from $1,200.00 to $1,380.00 and gave the stock a "buy" rating in a report on Friday, May 16th. Oppenheimer reaffirmed an "outperform" rating and issued a $1,200.00 target price (up from $1,150.00) on shares of Netflix in a research report on Friday, April 18th. Citigroup reiterated a "neutral" rating and set a $1,250.00 price target (up previously from $1,020.00) on shares of Netflix in a research note on Thursday, May 29th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $1,220.00 price objective (up from $1,150.00) on shares of Netflix in a report on Monday, May 19th. Finally, Cfra Research upgraded shares of Netflix to a "strong-buy" rating in a research report on Monday, April 28th. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $1,149.91.

Insider Activity at Netflix

In other Netflix news, Director Jay C. Hoag sold 32,515 shares of the company's stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $1,101.97, for a total value of $35,830,554.55. Following the completion of the sale, the director now owns 79,040 shares of the company's stock, valued at approximately $87,099,708.80. This represents a 29.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Spencer Adam Neumann sold 2,601 shares of the business's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $1,211.67, for a total transaction of $3,151,553.67. Following the completion of the transaction, the chief financial officer now directly owns 3,691 shares of the company's stock, valued at $4,472,273.97. This trade represents a 41.34% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 152,300 shares of company stock worth $169,146,939. 1.37% of the stock is owned by insiders.

Netflix Trading Up 0.9%

NASDAQ:NFLX traded up $10.86 on Thursday, hitting $1,250.52. 2,814,568 shares of the stock were exchanged, compared to its average volume of 3,745,431. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. Netflix, Inc. has a 52 week low of $587.04 and a 52 week high of $1,262.59. The stock has a market capitalization of $532.19 billion, a price-to-earnings ratio of 63.06, a P/E/G ratio of 2.12 and a beta of 1.58. The company's 50-day moving average price is $1,075.18 and its 200 day moving average price is $982.47.

Netflix (NASDAQ:NFLX - Get Free Report) last issued 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 company had revenue of $10.54 billion during the quarter, compared to analysts' expectations of $10.51 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. During the same quarter in the previous year, the company earned $8.28 EPS. On average, equities research analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current year.

Netflix 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.