GEM Asset Management LLC Acquires Shares of 224 Netflix, Inc. (NASDAQ:NFLX)

GEM Asset Management LLC acquired a new stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 224 shares of the Internet television network's stock, valued at approximately $208,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in NFLX. Brown Shipley& Co Ltd purchased a new position in Netflix during the fourth quarter valued at $27,000. Transce3nd LLC bought a new position in Netflix in the 4th quarter worth about $32,000. Copia Wealth Management bought a new position in Netflix in the 4th quarter worth about $37,000. Stuart Chaussee & Associates Inc. boosted its stake in Netflix by 4,500.0% in the 4th quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock worth $41,000 after purchasing an additional 45 shares in the last quarter. Finally, NewSquare Capital LLC boosted its stake in Netflix by 120.0% in the 4th quarter. NewSquare Capital LLC now owns 55 shares of the Internet television network's stock worth $49,000 after purchasing an additional 30 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company's stock.

Insider Activity at Netflix

In other Netflix news, CFO Spencer Adam Neumann sold 2,601 shares of the company'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 completion of the transaction, the chief financial officer now directly owns 3,691 shares in the company, valued at $3,402,068.52. This represents a 41.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Jeffrey William Karbowski sold 480 shares of the company's stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $978.18, for a total value of $469,526.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 185,140 shares of company stock worth $210,271,552. 1.37% of the stock is owned by company insiders.

Netflix Trading Down 0.2%

Shares of NASDAQ:NFLX opened at $1,212.15 on Monday. The stock has a 50 day moving average of $1,120.37 and a 200 day moving average of $1,000.96. The company has a market cap of $515.86 billion, a PE ratio of 61.13, a price-to-earnings-growth ratio of 2.12 and a beta of 1.59. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. Netflix, Inc. has a 12-month low of $587.04 and a 12-month high of $1,262.81.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.74 by $0.87. The company had revenue of $10.54 billion during the quarter, compared to the consensus estimate of $10.51 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. During the same period in the previous year, the company posted $8.28 EPS. As a group, equities research analysts expect that Netflix, Inc. will post 24.58 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on NFLX shares. Bank of America upped their price target on shares of Netflix from $1,175.00 to $1,490.00 and gave the stock a "buy" rating in a research note on Friday, May 30th. UBS Group upped their price target on shares of Netflix from $1,150.00 to $1,450.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Evercore ISI reiterated an "outperform" rating on shares of Netflix in a research note on Thursday, May 15th. Phillip Securities upgraded shares of Netflix from a "moderate sell" rating to a "hold" rating in a research note on Monday, April 21st. Finally, Citigroup reiterated a "neutral" rating and issued a $1,250.00 price target (up previously from $1,020.00) on shares of Netflix in a research note on Thursday, May 29th. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $1,156.73.

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.

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