Divergent Planning LLC Purchases Shares of 240 Netflix, Inc. (NASDAQ:NFLX)

Divergent Planning LLC bought a new position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 240 shares of the Internet television network's stock, valued at approximately $225,000. Netflix accounts for approximately 0.1% of Divergent Planning LLC's portfolio, making the stock its 25th largest holding.

A number of other hedge funds have also recently bought and sold shares of NFLX. Brown Shipley& Co Ltd acquired a new position in shares of Netflix in the 4th quarter valued at $27,000. Pathway Financial Advisers LLC boosted its position in shares of Netflix by 82.4% in the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock valued at $27,000 after purchasing an additional 14 shares during the period. Transce3nd LLC acquired a new position in shares of Netflix in the 4th quarter valued at $32,000. Newton One Investments LLC acquired a new position in shares of Netflix in the 4th quarter valued at $34,000. Finally, Pineridge Advisors LLC boosted its position in shares of Netflix by 4,000.0% in the 4th quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network's stock valued at $37,000 after purchasing an additional 40 shares during the period. 80.93% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Netflix news, CAO Jeffrey William Karbowski sold 480 shares of Netflix stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $978.18, for a total value of $469,526.40. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Chairman Reed Hastings sold 25,360 shares of Netflix stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $921.15, for a total value of $23,360,364.00. Following the completion of the transaction, the chairman now directly owns 394 shares in the company, valued at approximately $362,933.10. This represents a 98.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 152,300 shares of company stock valued at $169,146,939 in the last three months. Company insiders own 1.37% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Benchmark reiterated a "hold" rating on shares of Netflix in a research report on Monday, April 21st. Rosenblatt Securities increased their price target on Netflix from $1,494.00 to $1,514.00 and gave the company a "buy" rating in a research report on Monday, April 21st. UBS Group raised their price objective on Netflix from $1,150.00 to $1,450.00 and gave the stock a "buy" rating in a research report on Wednesday. Morgan Stanley lifted their target price on Netflix from $1,150.00 to $1,200.00 and gave the company an "overweight" rating in a research note on Monday, April 21st. Finally, Evercore ISI reaffirmed an "outperform" rating on shares of Netflix in a research note on Thursday, May 15th. Eleven research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Netflix has an average rating of "Moderate Buy" and a consensus price target of $1,149.91.

Netflix Stock Performance

NFLX traded up $9.46 on Thursday, hitting $1,249.12. The company had a trading volume of 1,824,992 shares, compared to its average volume of 4,552,298. The company's fifty day moving average price is $1,075.18 and its 200 day moving average price is $982.47. Netflix, Inc. has a 1-year low of $587.04 and a 1-year high of $1,262.81. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. The stock has a market cap of $531.59 billion, a price-to-earnings ratio of 62.99, a price-to-earnings-growth ratio of 2.12 and a beta of 1.58.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, topping the consensus estimate of $5.74 by $0.87. The company had revenue of $10.54 billion for 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 previous year, the business posted $8.28 EPS. Equities analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

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.