Diversify Advisory Services LLC Grows Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Diversify Advisory Services LLC lifted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 16.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,051 shares of the Internet television network's stock after purchasing an additional 424 shares during the quarter. Diversify Advisory Services LLC's holdings in Netflix were worth $2,845,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of NFLX. Janus Henderson Group PLC increased its position in shares of Netflix by 8.7% during the 4th quarter. Janus Henderson Group PLC now owns 1,377,081 shares of the Internet television network's stock worth $1,227,468,000 after purchasing an additional 110,432 shares during the last quarter. PharVision Advisers LLC acquired a new position in shares of Netflix during the 4th quarter worth approximately $873,000. New England Research & Management Inc. boosted its stake 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 during the period. Xcel Wealth Management LLC boosted its stake in shares of Netflix by 15.2% during the 1st quarter. Xcel Wealth Management LLC now owns 492 shares of the Internet television network's stock worth $459,000 after acquiring an additional 65 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of Netflix by 6.1% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 54,638 shares of the Internet television network's stock worth $50,952,000 after acquiring an additional 3,137 shares during the period. Institutional investors and hedge funds own 80.93% of the company's stock.

Analyst Upgrades and Downgrades

NFLX has been the subject of several analyst reports. Seaport Res Ptn cut Netflix from a "strong-buy" rating to a "hold" rating in a report on Sunday, July 6th. JPMorgan Chase & Co. upped their target price on Netflix from $1,230.00 to $1,300.00 and gave the stock a "neutral" rating in a report on Friday. Loop Capital reaffirmed a "hold" rating on shares of Netflix in a report on Tuesday, July 15th. Sanford C. Bernstein upped their target price on Netflix from $1,200.00 to $1,390.00 and gave the stock an "outperform" rating in a report on Thursday. Finally, Rosenblatt Securities upped their target price on Netflix from $1,514.00 to $1,515.00 and gave the stock a "buy" rating in a report on Friday. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $1,291.41.

Netflix Stock Down 5.1%

Shares of NASDAQ:NFLX traded down $64.93 during trading on Friday, hitting $1,209.24. The stock had a trading volume of 10,678,762 shares, compared to its average volume of 3,762,863. Netflix, Inc. has a 12 month low of $587.04 and a 12 month high of $1,341.15. The company has a market capitalization of $514.62 billion, a PE ratio of 51.52, a PEG ratio of 2.19 and a beta of 1.59. The firm's fifty day moving average is $1,232.59 and its 200 day moving average is $1,061.94. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.58.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its earnings results on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, beating the consensus estimate of $7.07 by $0.12. Netflix had a return on equity of 43.00% and a net margin of 24.58%. The business had revenue of $11.08 billion for the quarter, compared to the consensus estimate of $11.04 billion. During the same period last year, the business posted $4.88 EPS. The company's revenue was up 15.9% compared to the same quarter last year. Analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CAO Jeffrey William Karbowski sold 620 shares of the business's stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $1,286.84, for a total value of $797,840.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Reed Hastings sold 16,840 shares of the business's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $1,295.78, for a total transaction of $21,820,935.20. Following the completion of the transaction, the director directly owned 10,067 shares of the company's stock, valued at $13,044,617.26. This trade represents a 62.59% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 186,723 shares of company stock worth $223,307,201 in the last three months. 1.37% of the stock is owned by company insiders.

Netflix Company 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.