Embree Financial Group Purchases 227 Shares of Netflix, Inc. (NASDAQ:NFLX)

Embree Financial Group raised its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 45.0% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 732 shares of the Internet television network's stock after buying an additional 227 shares during the quarter. Embree Financial Group's holdings in Netflix were worth $683,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in NFLX. Halbert Hargrove Global Advisors LLC raised its holdings 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 worth $25,000 after buying an additional 13 shares during the last quarter. Brown Shipley& Co Ltd bought a new stake in shares of Netflix during the 4th quarter valued at $27,000. Transce3nd LLC purchased a new position in shares of Netflix during the 4th quarter valued at $32,000. Copia Wealth Management bought a new position in Netflix in the 4th quarter worth $37,000. Finally, Stuart Chaussee & Associates Inc. raised its holdings in Netflix by 4,500.0% during the fourth quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock valued at $41,000 after acquiring an additional 45 shares during the period. Institutional investors own 80.93% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on NFLX shares. Phillip Securities raised Netflix from a "moderate sell" rating to a "hold" rating in a report on Monday, April 21st. Barclays boosted their price target on shares of Netflix from $900.00 to $1,000.00 and gave the stock an "equal weight" rating in a research note on Monday, April 21st. Needham & Company LLC reaffirmed a "buy" rating and issued a $1,126.00 target price on shares of Netflix in a report on Thursday, April 17th. Guggenheim restated a "buy" rating and set a $1,150.00 price target (up previously from $1,100.00) on shares of Netflix in a report on Friday, April 18th. Finally, Oppenheimer upped their price objective on Netflix from $1,200.00 to $1,425.00 and gave the stock an "outperform" rating in a report on Thursday, June 12th. Eleven equities 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's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $1,172.73.

Netflix Stock Up 1.8%

Shares of Netflix stock opened at $1,253.54 on Tuesday. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.58. The company has a market cap of $533.47 billion, a P/E ratio of 59.24, a PEG ratio of 2.38 and a beta of 1.59. The firm's 50 day moving average price is $1,157.24 and its 200-day moving average price is $1,014.42. 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 released its quarterly 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 previous year, the company earned $8.28 earnings per share. On average, sell-side analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Buying and Selling at Netflix

In other news, CFO Spencer Adam Neumann sold 2,601 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $921.72, for a total value of $2,397,393.72. Following the transaction, the chief financial officer now owns 3,691 shares in the company, valued at $3,402,068.52. This trade represents a 41.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Reed Hastings sold 25,360 shares of the business's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $921.15, for a total transaction of $23,360,364.00. Following the transaction, the chairman now owns 394 shares in the company, valued at $362,933.10. The trade was a 98.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 184,660 shares of company stock valued at $209,802,025. 1.37% of the stock is owned by 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.

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