Netflix, Inc. (NASDAQ:NFLX) Stock Holdings Lifted by Golden State Wealth Management LLC

Golden State Wealth Management LLC lifted its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 184.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,103 shares of the Internet television network's stock after buying an additional 2,014 shares during the quarter. Golden State Wealth Management LLC's holdings in Netflix were worth $2,894,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. West Michigan Advisors LLC boosted its position in shares of Netflix by 1.3% during the 4th quarter. West Michigan Advisors LLC now owns 776 shares of the Internet television network's stock worth $692,000 after purchasing an additional 10 shares in the last quarter. Warwick Investment Management Inc. boosted its holdings in Netflix by 3.5% during the fourth quarter. Warwick Investment Management Inc. now owns 298 shares of the Internet television network's stock worth $266,000 after buying an additional 10 shares in the last quarter. MRP Capital Investments LLC grew its position in Netflix by 1.0% during the fourth quarter. MRP Capital Investments LLC now owns 1,052 shares of the Internet television network's stock worth $938,000 after buying an additional 10 shares during the period. Bedell Frazier Investment Counselling LLC increased its holdings in Netflix by 2.2% in the fourth quarter. Bedell Frazier Investment Counselling LLC now owns 462 shares of the Internet television network's stock valued at $412,000 after buying an additional 10 shares in the last quarter. Finally, Mission Creek Capital Partners Inc. lifted its position in shares of Netflix by 0.3% during the 4th quarter. Mission Creek Capital Partners Inc. now owns 3,826 shares of the Internet television network's stock valued at $3,410,000 after acquiring an additional 10 shares during the period. 80.93% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Netflix

In related news, CAO Jeffrey William Karbowski sold 160 shares of the firm's stock in a transaction that occurred on Monday, April 21st. The shares were sold at an average price of $1,000.00, for a total transaction of $160,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Jay C. Hoag sold 32,515 shares of the stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $1,101.97, for a total value of $35,830,554.55. Following the transaction, the director now directly owns 79,040 shares of the company's stock, valued at approximately $87,099,708.80. The trade was a 29.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 185,280 shares of company stock worth $210,599,866 over the last ninety days. 1.37% of the stock is currently owned by corporate insiders.

Netflix Stock Performance

Shares of Netflix stock traded up $31.42 during trading on Thursday, hitting $1,306.67. 2,601,963 shares of the stock were exchanged, compared to its average volume of 3,739,282. 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 12 month low of $587.04 and a 12 month high of $1,307.49. The stock's fifty day moving average is $1,169.57 and its 200 day moving average is $1,018.04. The stock has a market cap of $556.08 billion, a PE ratio of 61.75, a P/E/G ratio of 2.47 and a beta of 1.59.

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 for the quarter, beating analysts' consensus estimates of $5.74 by $0.87. Netflix had a return on equity of 39.61% and a net margin of 23.07%. The company had revenue of $10.54 billion for the quarter, compared to analysts' expectations of $10.51 billion. During the same quarter in the previous year, the company posted $8.28 earnings per share. As a group, sell-side analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. BMO Capital Markets reaffirmed an "outperform" rating and issued a $1,200.00 price objective (up from $1,175.00) on shares of Netflix in a research note on Friday, April 18th. Wedbush reiterated an "outperform" rating and issued a $1,200.00 price objective on shares of Netflix in a research report on Monday, May 5th. Moffett Nathanson restated a "buy" rating and set a $1,150.00 target price (up from $1,100.00) on shares of Netflix in a report on Friday, April 18th. Citigroup reiterated a "neutral" rating and set a $1,250.00 target price (up previously from $1,020.00) on shares of Netflix in a report on Thursday, May 29th. Finally, KeyCorp increased their price target on Netflix from $1,000.00 to $1,070.00 and gave the stock an "overweight" rating in a research note on Monday, April 21st. Eleven investment 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, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $1,172.73.

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.