Consolidated Investment Group LLC Has $7.83 Million Stake in Netflix, Inc. (NASDAQ:NFLX)

Consolidated Investment Group LLC decreased its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 4.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,399 shares of the Internet television network's stock after selling 405 shares during the quarter. Netflix comprises approximately 1.2% of Consolidated Investment Group LLC's investment portfolio, making the stock its 18th biggest holding. Consolidated Investment Group LLC's holdings in Netflix were worth $7,832,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Halbert Hargrove Global Advisors LLC grew its holdings in Netflix by 100.0% during the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock valued at $25,000 after purchasing an additional 13 shares during the period. Brown Shipley& Co Ltd acquired a new position in Netflix during the fourth quarter valued at approximately $27,000. Transce3nd LLC acquired a new position in Netflix during the fourth quarter valued at approximately $32,000. Copia Wealth Management acquired a new position in Netflix during the fourth quarter valued at approximately $37,000. Finally, Stuart Chaussee & Associates Inc. grew its holdings in Netflix by 4,500.0% during the fourth quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock valued at $41,000 after purchasing an additional 45 shares during the period. Institutional investors own 80.93% of the company's stock.

Netflix Stock Performance

Shares of NASDAQ:NFLX traded up $22.13 on Monday, hitting $1,253.54. The company had a trading volume of 2,653,868 shares, compared to its average volume of 3,748,578. Netflix, Inc. has a 1-year low of $587.04 and a 1-year high of $1,262.81. The stock has a market cap of $533.47 billion, a price-to-earnings ratio of 59.24, a P/E/G ratio of 2.38 and a beta of 1.59. The stock has a 50 day moving average price of $1,150.80 and a 200 day moving average price of $1,012.19. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.58.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, beating the consensus estimate of $5.74 by $0.87. Netflix had a net margin of 23.07% and a return on equity of 39.61%. The firm had revenue of $10.54 billion for the quarter, compared to the consensus estimate of $10.51 billion. During the same period in the previous year, the company earned $8.28 earnings per share. Analysts expect that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Buying and Selling at Netflix

In related news, CAO Jeffrey William Karbowski sold 480 shares of the company's stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $978.18, for a total value of $469,526.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Cletus R. Willems sold 298 shares of the company's stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $1,138.00, for a total transaction of $339,124.00. Following the completion of the transaction, the insider now owns 31,610 shares in the company, valued at $35,972,180. This trade represents a 0.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 185,140 shares of company stock worth $210,271,552 over the last ninety days. Insiders own 1.37% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on NFLX. Oppenheimer lifted their price target on shares of Netflix from $1,200.00 to $1,425.00 and gave the company an "outperform" rating in a research note on Thursday, June 12th. Citigroup reaffirmed a "neutral" rating and issued a $1,250.00 price target (up previously from $1,020.00) on shares of Netflix in a research note on Thursday, May 29th. Evercore ISI reaffirmed an "outperform" rating on shares of Netflix in a research note on Thursday, May 15th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $1,220.00 price target (up previously from $1,150.00) on shares of Netflix in a research note on Monday, May 19th. Finally, Barclays lifted their price target on shares of Netflix from $900.00 to $1,000.00 and gave the company an "equal weight" rating in a research note on Monday, April 21st. Eleven 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 MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $1,172.73.

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.