Founders Financial Alliance LLC Purchases 436 Shares of Netflix, Inc. (NASDAQ:NFLX)

Founders Financial Alliance LLC lifted its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 91.6% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 912 shares of the Internet television network's stock after buying an additional 436 shares during the quarter. Founders Financial Alliance LLC's holdings in Netflix were worth $850,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in NFLX. GAMMA Investing LLC grew its position in shares of Netflix by 109,524.3% during the first quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network's stock worth $8,239,576,000 after purchasing an additional 8,827,662 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in Netflix by 57.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,393,064 shares of the Internet television network's stock valued at $3,164,134,000 after buying an additional 1,236,251 shares in the last quarter. Northern Trust Corp increased its stake in Netflix by 14.3% in the 4th quarter. Northern Trust Corp now owns 4,574,006 shares of the Internet television network's stock worth $4,076,903,000 after acquiring an additional 570,674 shares during the last quarter. Vanguard Group Inc. increased its stake in Netflix by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 37,997,260 shares of the Internet television network's stock worth $35,433,585,000 after acquiring an additional 509,255 shares during the last quarter. Finally, Two Sigma Advisers LP increased its stake in Netflix by 935.7% in the 4th quarter. Two Sigma Advisers LP now owns 461,900 shares of the Internet television network's stock worth $411,701,000 after acquiring an additional 417,300 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on NFLX shares. Wedbush reaffirmed an "outperform" rating and issued a $1,500.00 price objective (up previously from $1,400.00) on shares of Netflix in a research note on Monday, July 14th. Jefferies Financial Group set a $1,500.00 price objective on Netflix and gave the stock a "buy" rating in a research note on Friday, July 18th. Pivotal Research reaffirmed a "buy" rating on shares of Netflix in a research note on Thursday, July 10th. Wolfe Research set a $1,340.00 price objective on Netflix and gave the stock an "outperform" rating in a research note on Friday, May 16th. Finally, JPMorgan Chase & Co. lifted their price objective on Netflix from $1,230.00 to $1,300.00 and gave the stock a "neutral" rating in a research note on Friday, July 18th. Three analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Netflix currently has a consensus rating of "Moderate Buy" and an average target price of $1,297.66.

Insider Activity at Netflix

In other Netflix news, CFO Spencer Adam Neumann sold 2,601 shares of the business's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $1,307.22, for a total value of $3,400,079.22. Following the transaction, the chief financial officer directly owned 3,691 shares in the company, valued at $4,824,949.02. The trade was a 41.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Bradford L. Smith sold 3,919 shares of the business's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $1,124.26, for a total transaction of $4,405,974.94. Following the completion of the transaction, the director owned 7,969 shares in the company, valued at approximately $8,959,227.94. This trade represents a 32.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 150,226 shares of company stock worth $183,849,784. 1.37% of the stock is owned by company insiders.

Netflix Stock Up 0.2%

Netflix stock opened at $1,180.37 on Friday. The company has a market capitalization of $501.57 billion, a P/E ratio of 50.29, a P/E/G ratio of 1.98 and a beta of 1.59. The firm's fifty day simple moving average is $1,232.06 and its 200-day simple moving average is $1,091.12. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58. Netflix, Inc. has a 1-year low of $616.02 and a 1-year high of $1,341.15.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its earnings results on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, topping the consensus estimate of $7.07 by $0.12. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The firm had revenue of $11.08 billion for the quarter, compared to the consensus estimate of $11.04 billion. During the same quarter last year, the firm posted $4.88 EPS. The business's quarterly revenue was up 15.9% on a year-over-year basis. Sell-side analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

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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