Conway Capital Management Inc. Buys 4,062 Shares of Netflix, Inc. (NASDAQ:NFLX)

Conway Capital Management Inc. boosted its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 20.5% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 23,858 shares of the Internet television network's stock after buying an additional 4,062 shares during the period. Netflix makes up 11.1% of Conway Capital Management Inc.'s portfolio, making the stock its 3rd largest holding. Conway Capital Management Inc.'s holdings in Netflix were worth $22,248,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Capital & Planning LLC acquired a new position in shares of Netflix during the 4th quarter worth approximately $809,000. Brighton Jones LLC grew its position in shares of Netflix by 5.0% during the 4th quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network's stock worth $4,804,000 after purchasing an additional 257 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new position in shares of Netflix during the 4th quarter worth approximately $12,212,000. Revolve Wealth Partners LLC grew its position in shares of Netflix by 16.4% during the 4th 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. Finally, Spinnaker Trust acquired a new position in shares of Netflix during the 4th quarter worth approximately $223,000. Institutional investors and hedge funds own 80.93% of the company's stock.

Insider Buying and Selling at Netflix

In other news, Director Ann Mather sold 1,090 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $1,250.00, for a total value of $1,362,500.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Jay C. Hoag sold 31,750 shares of Netflix stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $1,252.35, for a total transaction of $39,762,112.50. Following the completion of the sale, the director now directly owns 63,040 shares in the company, valued at $78,948,144. This trade represents a 33.50% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 185,140 shares of company stock worth $210,271,552. Insiders own 1.37% of the company's stock.

Netflix Stock Performance

NFLX stock opened at $1,212.15 on Monday. The stock has a 50-day moving average price of $1,120.37 and a 200-day moving average price of $1,000.96. Netflix, Inc. has a 1-year low of $587.04 and a 1-year high of $1,262.81. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. The firm has a market cap of $515.86 billion, a PE ratio of 61.13, a price-to-earnings-growth ratio of 2.12 and a beta of 1.59.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its earnings results on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, beating analysts' consensus estimates 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 38.32% and a net margin of 22.34%. During the same period in the previous year, the company posted $8.28 EPS. As a group, equities research analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on NFLX. Guggenheim reissued a "buy" rating and issued a $1,150.00 price objective (up from $1,100.00) on shares of Netflix in a research note on Friday, April 18th. Jefferies Financial Group raised their target price on Netflix from $1,200.00 to $1,400.00 and gave the company a "buy" rating in a report on Tuesday, June 3rd. KeyCorp raised their target price on Netflix from $1,000.00 to $1,070.00 and gave the company an "overweight" rating in a report on Monday, April 21st. Wells Fargo & Company raised their target price on Netflix from $1,210.00 to $1,222.00 and gave the company an "overweight" rating in a report on Monday, April 21st. Finally, Morgan Stanley raised their target price on Netflix from $1,150.00 to $1,200.00 and gave the company an "overweight" rating in a report on Monday, April 21st. Eleven equities research 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 stock. According to MarketBeat.com, Netflix has an average rating of "Moderate Buy" and a consensus price target of $1,156.73.

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.

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