Diversified Trust Co Acquires 1,086 Shares of Netflix, Inc. (NASDAQ:NFLX)

Diversified Trust Co increased its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 17.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,343 shares of the Internet television network's stock after buying an additional 1,086 shares during the quarter. Diversified Trust Co's holdings in Netflix were worth $6,848,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Janus Henderson Group PLC increased its holdings in Netflix by 8.7% in the 4th quarter. Janus Henderson Group PLC now owns 1,377,081 shares of the Internet television network's stock valued at $1,227,468,000 after buying an additional 110,432 shares during the period. PharVision Advisers LLC acquired a new stake in shares of Netflix during the 4th quarter worth approximately $873,000. New England Research & Management Inc. boosted its position in shares of Netflix by 148.5% during the 1st quarter. New England Research & Management Inc. now owns 2,122 shares of the Internet television network's stock worth $1,979,000 after acquiring an additional 1,268 shares in the last quarter. First National Trust Co increased its stake in Netflix by 1.0% in the fourth quarter. First National Trust Co now owns 1,258 shares of the Internet television network's stock valued at $1,121,000 after acquiring an additional 12 shares during the last quarter. Finally, Haven Private LLC acquired a new position in Netflix during the fourth quarter valued at approximately $733,000. Institutional investors and hedge funds own 80.93% of the company's stock.

Insider Activity at Netflix

In related news, CFO Spencer Adam Neumann sold 2,601 shares of Netflix stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $921.72, for a total transaction of $2,397,393.72. Following the completion of the transaction, the chief financial officer now owns 3,691 shares of the company's stock, valued at $3,402,068.52. This trade represents a 41.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Reed Hastings sold 25,360 shares of the company's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $921.15, for a total transaction of $23,360,364.00. Following the sale, the chairman now directly owns 394 shares in the company, valued at $362,933.10. This trade represents a 98.47% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 185,280 shares of company stock worth $210,599,866 over the last ninety days. Insiders own 1.37% of the company's stock.

Netflix Trading Up 1.3%

NASDAQ:NFLX traded up $16.45 during trading hours on Friday, hitting $1,323.12. 4,066,251 shares of the company were exchanged, compared to its average volume of 3,740,594. The stock has a market capitalization of $563.08 billion, a price-to-earnings ratio of 62.53, a price-to-earnings-growth ratio of 2.47 and a beta of 1.59. Netflix, Inc. has a one year low of $587.04 and a one year high of $1,330.72. The company has a fifty day simple moving average of $1,176.24 and a 200 day simple moving average of $1,020.75. 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 issued its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, beating the consensus estimate of $5.74 by $0.87. Netflix had a return on equity of 39.61% and a net margin of 23.07%. The company had revenue of $10.54 billion during the quarter, compared to analysts' expectations of $10.51 billion. During the same quarter in the prior year, the firm posted $8.28 earnings per share. Sell-side analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on NFLX shares. Barclays raised their target price on Netflix from $900.00 to $1,000.00 and gave the company an "equal weight" rating in a report on Monday, April 21st. Evercore ISI reaffirmed an "outperform" rating on shares of Netflix in a research note on Thursday, May 15th. 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 report on Monday, April 21st. Jefferies Financial Group increased their target price on shares of Netflix from $1,200.00 to $1,400.00 and gave the stock a "buy" rating in a report on Tuesday, June 3rd. Finally, Benchmark restated a "hold" rating on shares of Netflix in a research note on Monday, April 21st. Eleven research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Netflix currently has an average rating of "Moderate Buy" and an average target price of $1,172.73.

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.