Cathy Pareto & Associates Inc. Increases Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Cathy Pareto & Associates Inc. grew its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 87.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 620 shares of the Internet television network's stock after buying an additional 290 shares during the quarter. Cathy Pareto & Associates Inc.'s holdings in Netflix were worth $578,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Capital & Planning LLC acquired a new stake in shares of Netflix in the fourth quarter valued at approximately $809,000. Brighton Jones LLC raised its position in shares of Netflix by 5.0% in the fourth quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network's stock valued at $4,804,000 after purchasing an additional 257 shares during the period. Union Bancaire Privee UBP SA acquired a new stake in shares of Netflix during the 4th quarter worth about $12,212,000. Revolve Wealth Partners LLC boosted its holdings in shares of Netflix by 16.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network's stock worth $912,000 after buying an additional 144 shares during the period. Finally, FSM Wealth Advisors LLC acquired a new stake in Netflix during the fourth quarter worth approximately $231,000. Institutional investors and hedge funds own 80.93% of the company's stock.

Insiders Place Their Bets

In other Netflix news, CAO Jeffrey William Karbowski sold 640 shares of the company's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $1,194.77, for a total value of $764,652.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ann Mather sold 1,358 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $1,150.00, for a total transaction of $1,561,700.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 152,300 shares of company stock valued at $169,146,939. 1.37% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently issued reports on NFLX. Barclays boosted 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. Canaccord Genuity Group increased their target price on shares of Netflix from $1,200.00 to $1,380.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. FBN Securities began coverage on Netflix in a research note on Thursday, March 27th. They issued an "outperform" rating and a $1,165.00 price target for the company. Benchmark reiterated a "hold" rating on shares of Netflix in a research report on Monday, April 21st. Finally, Phillip Securities raised Netflix from a "moderate sell" rating to a "hold" rating in a research report on Monday, April 21st. Eleven investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $1,149.91.

Netflix Price Performance

Shares of NFLX stock traded up $10.86 during trading hours on Thursday, hitting $1,250.52. The stock had a trading volume of 2,814,568 shares, compared to its average volume of 3,745,433. The stock has a market capitalization of $532.19 billion, a price-to-earnings ratio of 63.06, a PEG ratio of 2.12 and a beta of 1.58. Netflix, Inc. has a one year low of $587.04 and a one year high of $1,262.59. The stock's 50-day moving average price is $1,075.18 and its two-hundred day moving average price is $982.47. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, topping analysts' consensus estimates of $5.74 by $0.87. The firm 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 period in the previous year, the company earned $8.28 EPS. Equities analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.

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.