CRA Financial Services LLC Increases Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

CRA Financial Services LLC grew its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 9.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,459 shares of the Internet television network's stock after acquiring an additional 220 shares during the quarter. CRA Financial Services LLC's holdings in Netflix were worth $2,293,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in NFLX. Capital & Planning LLC purchased a new position in shares of Netflix in the 4th quarter valued at $809,000. Brighton Jones LLC boosted its position in shares of Netflix by 5.0% in 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 stake in shares of Netflix in the 4th quarter worth $12,212,000. Revolve Wealth Partners LLC boosted its position in shares of Netflix by 16.4% in 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, Leavell Investment Management Inc. boosted its position in shares of Netflix by 5.8% in the 4th quarter. Leavell Investment Management Inc. now owns 658 shares of the Internet television network's stock worth $586,000 after purchasing an additional 36 shares in the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Bank of America raised 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. Needham & Company LLC reaffirmed a "buy" rating and set a $1,126.00 target price on shares of Netflix in a report on Thursday, April 17th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $1,220.00 target price (up from $1,150.00) on shares of Netflix in a report on Monday, May 19th. Moffett Nathanson reissued a "buy" rating and issued a $1,150.00 price target (up previously from $1,100.00) on shares of Netflix in a report on Friday, April 18th. Finally, Wells Fargo & Company boosted their price target on shares of Netflix from $1,210.00 to $1,222.00 and gave the stock an "overweight" rating in a report on Monday, April 21st. Eleven research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Netflix currently has a consensus rating of "Moderate Buy" and an average price target of $1,156.73.

Netflix Stock Down 0.2%

Shares of NFLX stock traded down $2.88 during trading hours on Friday, reaching $1,212.15. 2,209,188 shares of the stock were exchanged, compared to its average volume of 3,763,914. The business's fifty day moving average is $1,120.37 and its two-hundred day moving average is $999.25. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. Netflix, Inc. has a 12-month low of $587.04 and a 12-month high of $1,262.81. The firm has a market capitalization of $515.86 billion, a P/E ratio of 61.13, a P/E/G ratio of 2.12 and a beta of 1.59.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.74 by $0.87. The firm had revenue of $10.54 billion during the quarter, compared to the consensus estimate 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 prior year, the company posted $8.28 earnings per share. As a group, research analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Activity

In other Netflix news, CAO Jeffrey William Karbowski sold 160 shares of the stock in a transaction on Monday, April 21st. The stock was sold at an average price of $1,000.00, for a total value of $160,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jay C. Hoag sold 32,515 shares of the stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $1,101.97, for a total value of $35,830,554.55. Following the completion of the transaction, the director now owns 79,040 shares of the company's stock, valued at $87,099,708.80. The trade was a 29.15% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 185,140 shares of company stock valued at $210,271,552. 1.37% of the stock is currently owned by company insiders.

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.