224 Shares in Netflix, Inc. (NASDAQ:NFLX) Purchased by Conservest Capital Advisors Inc.

Conservest Capital Advisors Inc. purchased a new stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 224 shares of the Internet television network's stock, valued at approximately $209,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in Netflix by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 37,488,005 shares of the Internet television network's stock worth $33,413,809,000 after purchasing an additional 171,712 shares during the period. FMR LLC lifted its stake in Netflix by 1.8% during the fourth quarter. FMR LLC now owns 20,887,090 shares of the Internet television network's stock worth $18,617,081,000 after purchasing an additional 375,234 shares during the period. Geode Capital Management LLC raised its stake in shares of Netflix by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 9,323,952 shares of the Internet television network's stock valued at $8,287,823,000 after acquiring an additional 175,596 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Netflix by 109,524.3% in the first quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network's stock valued at $8,239,576,000 after acquiring an additional 8,827,662 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Netflix in the fourth quarter valued at approximately $5,019,087,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Netflix

In other news, Director Jay C. Hoag sold 32,515 shares of the company'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 owned 79,040 shares of the company's stock, valued at approximately $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 accessible through this link. Also, Director Reed Hastings sold 26,977 shares of the company's stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $1,133.05, for a total transaction of $30,566,289.85. Following the completion of the sale, the director directly owned 394 shares of the company's stock, valued at $446,421.70. This trade represents a 98.56% decrease in their position. The disclosure for this sale can be found here. Insiders sold 186,723 shares of company stock worth $223,307,201 in the last 90 days. 1.37% of the stock is currently owned by corporate insiders.

Netflix Stock Performance

NFLX stock traded down $64.93 during mid-day trading on Friday, hitting $1,209.24. The company had a trading volume of 10,678,762 shares, compared to its average volume of 3,762,863. The firm has a market cap of $514.62 billion, a PE ratio of 51.52, a price-to-earnings-growth ratio of 2.19 and a beta of 1.59. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.20 and a current ratio of 1.20. Netflix, Inc. has a 12 month low of $587.04 and a 12 month high of $1,341.15. The stock's fifty day moving average price is $1,232.59 and its two-hundred day moving average price is $1,061.94.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.07 by $0.12. The company had revenue of $11.08 billion for the quarter, compared to analyst estimates of $11.04 billion. Netflix had a net margin of 24.58% and a return on equity of 43.00%. The company's quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.88 earnings per share. On average, analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Analyst Ratings Changes

NFLX has been the subject of a number of research reports. Citigroup reissued a "neutral" rating and issued a $1,250.00 price target (up previously from $1,020.00) on shares of Netflix in a report on Thursday, May 29th. The Goldman Sachs Group lifted their target price on shares of Netflix from $1,000.00 to $1,140.00 and gave the stock a "neutral" rating in a report on Wednesday, July 2nd. Phillip Securities raised shares of Netflix from a "moderate sell" rating to a "hold" rating in a report on Monday, April 21st. Oppenheimer boosted their price objective on shares of Netflix from $1,200.00 to $1,425.00 and gave the company an "outperform" rating in a research report on Thursday, June 12th. Finally, FBN Securities assumed coverage on shares of Netflix in a research report on Thursday, March 27th. They issued an "outperform" rating and a $1,165.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $1,291.41.

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.