Colonial River Investments LLC Has $2.05 Million Holdings in Netflix, Inc. (NASDAQ:NFLX)

Colonial River Investments LLC boosted its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 13.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,203 shares of the Internet television network's stock after purchasing an additional 260 shares during the quarter. Netflix comprises approximately 1.1% of Colonial River Investments LLC's investment portfolio, making the stock its 18th largest holding. Colonial River Investments LLC's holdings in Netflix were worth $2,054,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in NFLX. Clarus Group Inc. boosted its position in shares of Netflix by 3.3% during the first quarter. Clarus Group Inc. now owns 565 shares of the Internet television network's stock valued at $527,000 after buying an additional 18 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Netflix by 1.7% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,202,228 shares of the Internet television network's stock valued at $1,121,114,000 after buying an additional 20,155 shares during the last quarter. Golden State Wealth Management LLC boosted its position in shares of Netflix by 3.7% during the first quarter. Golden State Wealth Management LLC now owns 1,129 shares of the Internet television network's stock valued at $1,053,000 after buying an additional 40 shares during the last quarter. Patron Partners LLC boosted its position in shares of Netflix by 3.4% during the first quarter. Patron Partners LLC now owns 1,255 shares of the Internet television network's stock valued at $1,170,000 after buying an additional 41 shares during the last quarter. Finally, Westend Capital Management LLC boosted its holdings in Netflix by 1.9% during the 1st quarter. Westend Capital Management LLC now owns 13,786 shares of the Internet television network's stock worth $12,856,000 after acquiring an additional 257 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have issued reports on NFLX. Wells Fargo & Company lifted their price objective on shares of Netflix from $1,222.00 to $1,500.00 and gave the stock an "overweight" rating in a report on Friday, June 20th. KeyCorp boosted their target price on Netflix from $1,000.00 to $1,070.00 and gave the stock an "overweight" rating in a research note on Monday, April 21st. Wolfe Research set a $1,340.00 price objective on Netflix and gave the stock an "outperform" rating in a research report on Friday, May 16th. Benchmark reissued a "hold" rating on shares of Netflix in a research report on Monday, April 21st. Finally, Bank of America boosted their price objective on Netflix from $1,175.00 to $1,490.00 and gave the stock a "buy" rating in a research report on Friday, May 30th. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $1,172.73.

Insider Buying and Selling at Netflix

In other news, CFO Spencer Adam Neumann sold 2,601 shares of the firm's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $921.72, for a total transaction of $2,397,393.72. Following the sale, the chief financial officer now owns 3,691 shares in the company, valued at approximately $3,402,068.52. This trade represents a 41.34% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Jeffrey William Karbowski sold 160 shares of the firm's stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $1,000.00, for a total value of $160,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 185,280 shares of company stock valued at $210,599,866 in the last 90 days. Corporate insiders own 1.37% of the company's stock.

Netflix Trading Up 1.3%

Shares of Netflix stock opened at $1,323.12 on Friday. Netflix, Inc. has a 12-month low of $587.04 and a 12-month high of $1,331.35. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.58. The company has a market cap of $563.08 billion, a price-to-earnings ratio of 62.53, a PEG ratio of 2.53 and a beta of 1.59. The company's 50-day moving average price is $1,183.25 and its 200-day moving average price is $1,023.58.

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 (EPS) for the quarter, topping analysts' consensus estimates of $5.74 by $0.87. Netflix had a return on equity of 39.61% and a net margin of 23.07%. The company had revenue of $10.54 billion for the quarter, compared to the consensus estimate of $10.51 billion. During the same quarter last year, the business posted $8.28 earnings per share. On average, equities analysts expect that Netflix, Inc. will post 24.58 earnings per share 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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