Netflix, Inc. (NASDAQ:NFLX) Shares Purchased by Fortem Financial Group LLC

Fortem Financial Group LLC boosted its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 131.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,036 shares of the Internet television network's stock after buying an additional 589 shares during the quarter. Fortem Financial Group LLC's holdings in Netflix were worth $966,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Halbert Hargrove Global Advisors LLC lifted its holdings in Netflix by 100.0% during the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock valued at $25,000 after purchasing an additional 13 shares in the last quarter. Brown Shipley& Co Ltd purchased a new position in Netflix during the fourth quarter valued at $27,000. Transce3nd LLC purchased a new position in Netflix during the fourth quarter valued at $32,000. Copia Wealth Management purchased a new position in Netflix during the fourth quarter valued at $37,000. Finally, Stuart Chaussee & Associates Inc. lifted 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 purchasing an additional 45 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company's stock.

Netflix Stock Performance

NASDAQ NFLX traded down $5.48 during trading hours on Friday, hitting $1,245.11. The company had a trading volume of 3,948,915 shares, compared to its average volume of 3,768,095. 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 1-year low of $587.04 and a 1-year high of $1,341.15. The company has a market cap of $529.88 billion, a PE ratio of 58.84, a price-to-earnings-growth ratio of 2.26 and a beta of 1.59. The business has a 50 day moving average of $1,221.70 and a 200-day moving average of $1,049.85.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.74 by $0.87. Netflix had a net margin of 23.07% and a return on equity of 39.61%. The company had revenue of $10.54 billion during the quarter, compared to the consensus estimate of $10.51 billion. During the same quarter in the prior year, the firm posted $8.28 earnings per share. As a group, equities research analysts expect that Netflix, Inc. will post 24.58 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. JPMorgan Chase & Co. increased their price objective on shares of Netflix from $1,220.00 to $1,230.00 and gave the company a "neutral" rating in a report on Friday. Cfra Research raised shares of Netflix to a "strong-buy" rating in a research note on Monday, April 28th. Phillip Securities raised shares of Netflix from a "moderate sell" rating to a "hold" rating in a research note on Monday, April 21st. Pivotal Research reissued a "buy" rating on shares of Netflix in a research note on Thursday. Finally, Citigroup reissued a "neutral" rating and issued a $1,250.00 price target (up from $1,020.00) on shares of Netflix in a research note on Thursday, May 29th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Netflix presently has a consensus rating of "Moderate Buy" and an average target price of $1,214.52.

Insider Buying and Selling at Netflix

In related news, Director Ann Mather sold 1,090 shares of the firm's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $1,250.00, for a total transaction of $1,362,500.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Strive Masiyiwa sold 290 shares of the firm's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $1,336.54, for a total value of $387,596.60. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 186,723 shares of company stock valued at $223,307,201. Corporate insiders own 1.37% of the company's stock.

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.