Netflix, Inc. (NASDAQ:NFLX) Holdings Raised by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC raised its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 18.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,146 shares of the Internet television network's stock after acquiring an additional 2,187 shares during the quarter. Concurrent Investment Advisors LLC's holdings in Netflix were worth $13,191,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC grew 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. Revolve Wealth Partners LLC lifted its stake in shares of Netflix by 16.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network's stock worth $912,000 after purchasing an additional 144 shares in the last quarter. BIP Wealth LLC lifted its stake in shares of Netflix by 23.8% during the fourth quarter. BIP Wealth LLC now owns 453 shares of the Internet television network's stock worth $403,000 after purchasing an additional 87 shares in the last quarter. Proficio Capital Partners LLC lifted its stake in shares of Netflix by 39.1% during the fourth quarter. Proficio Capital Partners LLC now owns 2,161 shares of the Internet television network's stock worth $1,926,000 after purchasing an additional 607 shares in the last quarter. Finally, Ethos Financial Group LLC lifted its stake in shares of Netflix by 4.9% during the fourth quarter. Ethos Financial Group LLC now owns 472 shares of the Internet television network's stock worth $421,000 after purchasing an additional 22 shares in the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CFO Spencer Adam Neumann sold 2,601 shares of the company's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $1,307.22, for a total value of $3,400,079.22. Following the completion of the sale, the chief financial officer owned 3,691 shares in the company, valued at $4,824,949.02. This represents a 41.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Ann Mather sold 1,090 shares of the company's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $1,250.00, for a total value of $1,362,500.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 186,723 shares of company stock valued at $223,307,201. 1.37% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts recently commented on the company. Wolfe Research set a $1,340.00 price target on Netflix and gave the stock an "outperform" rating in a research note on Friday, May 16th. Cfra Research upgraded Netflix to a "strong-buy" rating in a research note on Monday, April 28th. Guggenheim reiterated a "buy" rating and issued a $1,150.00 price target (up previously from $1,100.00) on shares of Netflix in a research note on Friday, April 18th. Wells Fargo & Company boosted their price target on Netflix from $1,222.00 to $1,500.00 and gave the stock an "overweight" rating in a research note on Friday, June 20th. Finally, Pivotal Research upped their price objective on Netflix from $1,350.00 to $1,600.00 and gave the company a "buy" rating in a research note on Friday, June 20th. Eleven analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,182.58.

Netflix Price Performance

Shares of Netflix stock traded up $10.38 during trading on Friday, hitting $1,295.24. The stock had a trading volume of 2,006,224 shares, compared to its average volume of 3,766,089. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.20 and a quick ratio of 1.20. The firm has a market cap of $551.21 billion, a P/E ratio of 61.21, a PEG ratio of 2.35 and a beta of 1.59. The business has a fifty day moving average of $1,207.87 and a two-hundred day moving average of $1,037.61. Netflix, Inc. has a fifty-two week low of $587.04 and a fifty-two week high of $1,341.15.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, beating the consensus estimate of $5.74 by $0.87. The business had revenue of $10.54 billion during the quarter, compared to analyst estimates of $10.51 billion. Netflix had a return on equity of 39.61% and a net margin of 23.07%. During the same quarter in the prior year, the firm posted $8.28 earnings per share. On average, sell-side analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current fiscal 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.