Capital Market Strategies LLC Purchases 275 Shares of Netflix, Inc. (NASDAQ:NFLX)

Capital Market Strategies LLC boosted its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 51.9% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 805 shares of the Internet television network's stock after buying an additional 275 shares during the period. Capital Market Strategies LLC's holdings in Netflix were worth $751,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of NFLX. Norges Bank acquired a new stake in Netflix in the fourth quarter valued at approximately $5,019,087,000. Proficio Capital Partners LLC grew its position in Netflix by 123,836.7% in the fourth quarter. Proficio Capital Partners LLC now owns 1,925,977 shares of the Internet television network's stock valued at $1,716,662,000 after acquiring an additional 1,924,423 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in Netflix by 59.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,301,098 shares of the Internet television network's stock valued at $2,051,016,000 after acquiring an additional 856,307 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in Netflix by 318.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 976,924 shares of the Internet television network's stock valued at $870,752,000 after acquiring an additional 743,724 shares in the last quarter. Finally, Northern Trust Corp grew its position in Netflix by 14.3% in the fourth quarter. Northern Trust Corp now owns 4,574,006 shares of the Internet television network's stock valued at $4,076,903,000 after acquiring an additional 570,674 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company's stock.

Analyst Ratings Changes

Several brokerages have issued reports on NFLX. Bank of America increased their price objective on shares of Netflix from $1,175.00 to $1,490.00 and gave the company a "buy" rating in a research report on Friday. Robert W. Baird raised their price target on shares of Netflix from $1,200.00 to $1,300.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. Macquarie raised their price target on shares of Netflix from $1,150.00 to $1,200.00 and gave the stock an "outperform" rating in a research report on Monday, April 21st. Morgan Stanley raised their price target on shares of Netflix from $1,150.00 to $1,200.00 and gave the stock an "overweight" rating in a research report on Monday, April 21st. Finally, KeyCorp raised their price target on shares of Netflix from $1,000.00 to $1,070.00 and gave the stock an "overweight" rating in a research report on Monday, April 21st. Eleven analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,122.33.

Insider Activity

In other news, Director Jay C. Hoag sold 32,515 shares of the company's stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $1,101.97, for a total value of $35,830,554.55. Following the transaction, the director now owns 79,040 shares in the company, valued at $87,099,708.80. This represents a 29.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Reed Hastings sold 25,360 shares of the company's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $921.15, for a total value of $23,360,364.00. Following the completion of the transaction, the chairman now owns 394 shares in the company, valued at $362,933.10. This represents a 98.47% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 133,348 shares of company stock worth $139,087,908 in the last 90 days. Company insiders own 1.37% of the company's stock.

Netflix Stock Performance

Shares of NASDAQ NFLX traded up $17.26 during midday trading on Friday, reaching $1,202.12. 4,686,095 shares of the company traded hands, compared to its average volume of 3,758,665. Netflix, Inc. has a 52 week low of $587.04 and a 52 week high of $1,215.91. The stock has a 50-day moving average price of $1,059.27 and a 200 day moving average price of $974.30. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. The company has a market cap of $511.59 billion, a price-to-earnings ratio of 60.62, a PEG ratio of 2.12 and a beta of 1.58.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, beating analysts' consensus estimates of $5.74 by $0.87. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The business had revenue of $10.54 billion for the quarter, compared to analysts' expectations of $10.51 billion. During the same period in the previous year, the business earned $8.28 earnings per share. Sell-side analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

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.