Clean Yield Group Buys 568 Shares of Netflix, Inc. (NASDAQ:NFLX)

Clean Yield Group boosted its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 31.0% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,401 shares of the Internet television network's stock after purchasing an additional 568 shares during the quarter. Clean Yield Group's holdings in Netflix were worth $2,239,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Janus Henderson Group PLC boosted its position in Netflix by 8.7% during the fourth quarter. Janus Henderson Group PLC now owns 1,377,081 shares of the Internet television network's stock worth $1,227,468,000 after purchasing an additional 110,432 shares during the period. PharVision Advisers LLC bought a new stake in Netflix during the fourth quarter worth approximately $873,000. First National Trust Co boosted its position in shares of Netflix by 1.0% in the fourth quarter. First National Trust Co now owns 1,258 shares of the Internet television network's stock valued at $1,121,000 after acquiring an additional 12 shares during the period. Haven Private LLC bought a new stake in shares of Netflix in the fourth quarter valued at approximately $733,000. Finally, Sigma Planning Corp boosted its position in shares of Netflix by 7.4% in the fourth quarter. Sigma Planning Corp now owns 5,572 shares of the Internet television network's stock valued at $4,966,000 after acquiring an additional 386 shares during the period. Institutional investors own 80.93% of the company's stock.

Wall Street Analyst Weigh In

NFLX has been the subject of several research reports. Oppenheimer reissued an "outperform" rating and issued a $1,200.00 price objective (up from $1,150.00) on shares of Netflix in a research report on Friday, April 18th. Wedbush reissued an "outperform" rating and issued a $1,200.00 price objective on shares of Netflix in a research report on Monday, May 5th. Morgan Stanley increased their price objective on Netflix from $1,150.00 to $1,200.00 and gave the company an "overweight" rating in a research report on Monday, April 21st. FBN Securities initiated coverage on Netflix in a research report on Thursday, March 27th. They issued an "outperform" rating and a $1,165.00 price objective for the company. Finally, Robert W. Baird increased their price objective on Netflix from $1,200.00 to $1,300.00 and gave the company an "outperform" rating in a research report on Friday, May 16th. Eleven investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Netflix presently has an average rating of "Moderate Buy" and a consensus target price of $1,149.91.

Insider Activity

In other news, CAO Jeffrey William Karbowski sold 480 shares of the firm's stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $978.18, for a total value of $469,526.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jay C. Hoag sold 32,515 shares of the firm's stock in a transaction 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 trade represents a 29.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 153,390 shares of company stock worth $170,509,439. 1.37% of the stock is owned by corporate insiders.

Netflix Stock Performance

Netflix stock opened at $1,241.47 on Friday. 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 stock has a fifty day moving average price of $1,087.80 and a two-hundred day moving average price of $988.53. Netflix, Inc. has a 52-week low of $587.04 and a 52-week high of $1,262.81. The firm has a market capitalization of $528.33 billion, a P/E ratio of 62.61, a P/E/G ratio of 2.12 and a beta of 1.59.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its earnings results 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 return on equity of 38.32% and a net margin of 22.34%. The company had revenue of $10.54 billion during the quarter, compared to analyst estimates of $10.51 billion. During the same period last year, the company posted $8.28 earnings per share. As a group, analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current fiscal 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.

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