3,511 Shares in Netflix, Inc. (NASDAQ:NFLX) Bought by Capital Insight Partners LLC

Capital Insight Partners LLC bought a new position in Netflix, Inc. (NASDAQ:NFLX - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,511 shares of the Internet television network's stock, valued at approximately $3,274,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Halbert Hargrove Global Advisors LLC lifted its position 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 valued at $25,000 after buying an additional 13 shares in the last quarter. Brown Shipley& Co Ltd bought a new stake in Netflix during the 4th quarter valued at approximately $27,000. Transce3nd LLC bought a new stake in Netflix during the 4th quarter valued at approximately $32,000. Copia Wealth Management bought a new stake in Netflix during the 4th quarter valued at approximately $37,000. Finally, Stuart Chaussee & Associates Inc. raised its stake in Netflix by 4,500.0% during the 4th quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock valued at $41,000 after purchasing an additional 45 shares during the period. 80.93% of the stock is owned by hedge funds and other institutional investors.

Netflix Trading Down 0.4%

NFLX traded down $5.48 during trading hours on Friday, reaching $1,245.11. 3,948,915 shares of the company's stock traded hands, compared to its average volume of 3,768,095. The firm has a 50-day moving average price of $1,221.70 and a 200 day moving average price of $1,050.73. Netflix, Inc. has a 52-week low of $587.04 and a 52-week high of $1,341.15. 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 firm has a market capitalization of $529.88 billion, a PE ratio of 58.84, a PEG ratio of 2.25 and a beta of 1.59.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, topping 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 business had revenue of $10.54 billion during the quarter, compared to analysts' expectations of $10.51 billion. During the same period in the prior year, the business earned $8.28 EPS. As a group, sell-side analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on NFLX shares. Cfra Research raised Netflix to a "strong-buy" rating in a research note on Monday, April 28th. KeyCorp lifted their price objective on Netflix from $1,070.00 to $1,390.00 and gave the stock an "overweight" rating in a research note on Thursday. Phillip Securities raised Netflix from a "moderate sell" rating to a "hold" 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. Finally, Needham & Company LLC lifted their price objective on Netflix from $1,126.00 to $1,500.00 and gave the stock a "buy" rating in a research note on Friday. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Netflix currently has an average rating of "Moderate Buy" and an average price target of $1,214.52.

Insiders Place Their Bets

In other Netflix news, Director Ann Mather sold 1,090 shares of the company's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $1,250.00, for a total value of $1,362,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Strive Masiyiwa sold 290 shares of the company's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $1,336.54, for a total value of $387,596.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 186,723 shares of company stock worth $223,307,201. 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.