CWA Asset Management Group LLC Has $2.73 Million Stake in Netflix, Inc. (NASDAQ:NFLX)

CWA Asset Management Group LLC lifted its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 19.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,932 shares of the Internet television network's stock after purchasing an additional 483 shares during the quarter. CWA Asset Management Group LLC's holdings in Netflix were worth $2,734,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in NFLX. Halbert Hargrove Global Advisors LLC boosted its position in Netflix by 100.0% in the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock valued at $25,000 after buying an additional 13 shares in the last quarter. Brown Shipley& Co Ltd bought a new position in shares of Netflix in the 4th quarter valued at $27,000. Transce3nd LLC bought a new position in shares of Netflix in the 4th quarter valued at $32,000. Copia Wealth Management acquired a new stake in shares of Netflix during the 4th quarter valued at $37,000. Finally, Stuart Chaussee & Associates Inc. grew its position in Netflix by 4,500.0% during the 4th quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock worth $41,000 after acquiring an additional 45 shares during the last quarter. 80.93% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on NFLX. Wolfe Research set a $1,340.00 target price on Netflix and gave the stock an "outperform" rating in a report on Friday, May 16th. Pivotal Research boosted their price target on Netflix from $1,250.00 to $1,350.00 and gave the stock a "buy" rating in a report on Monday, April 21st. UBS Group upped their price objective on Netflix from $1,150.00 to $1,450.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Rosenblatt Securities lifted their target price on shares of Netflix from $1,494.00 to $1,514.00 and gave the stock a "buy" rating in a research report on Monday, April 21st. Finally, Loop Capital restated a "hold" rating on shares of Netflix in a research report on Monday, March 24th. 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 company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $1,156.73.

Insider Activity

In other news, CAO Jeffrey William Karbowski sold 480 shares of the business's stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $978.18, for a total transaction of $469,526.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Cletus R. Willems sold 298 shares of the company's stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $1,138.00, for a total value of $339,124.00. Following the transaction, the insider now directly owns 31,610 shares in the company, valued at $35,972,180. The trade was a 0.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 185,140 shares of company stock worth $210,271,552. Company insiders own 1.37% of the company's stock.

Netflix Trading Up 0.1%

Shares of Netflix stock traded up $1.62 on Thursday, reaching $1,222.29. 2,277,207 shares of the company's stock were exchanged, compared to its average volume of 3,745,034. The firm's 50-day moving average is $1,138.51 and its two-hundred day moving average is $1,006.33. The company has a market capitalization of $520.17 billion, a P/E ratio of 57.76, a price-to-earnings-growth ratio of 2.36 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 52 week low of $587.04 and a 52 week high of $1,262.81.

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

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.