Netflix, Inc. (NASDAQ:NFLX) Shares Acquired by Greater Midwest Financial Group LLC

Greater Midwest Financial Group LLC boosted its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 20.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,297 shares of the Internet television network's stock after acquiring an additional 886 shares during the quarter. Netflix accounts for 3.4% of Greater Midwest Financial Group LLC's portfolio, making the stock its 9th largest position. Greater Midwest Financial Group LLC's holdings in Netflix were worth $4,940,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in NFLX. GAMMA Investing LLC boosted its stake in Netflix by 109,524.3% during the 1st quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network's stock valued at $8,239,576,000 after purchasing an additional 8,827,662 shares in the last quarter. Norges Bank purchased a new position in shares of Netflix during the fourth quarter valued at $5,019,087,000. Arrowstreet Capital Limited Partnership boosted its position in Netflix by 59.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,301,098 shares of the Internet television network's stock valued at $2,051,016,000 after purchasing an additional 856,307 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in Netflix by 318.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 976,924 shares of the Internet television network's stock valued at $870,752,000 after purchasing an additional 743,724 shares during the last quarter. Finally, Northern Trust Corp lifted its position in shares of Netflix by 14.3% in the fourth quarter. Northern Trust Corp now owns 4,574,006 shares of the Internet television network's stock worth $4,076,903,000 after buying an additional 570,674 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Netflix

In related news, Director Bradford L. Smith sold 3,919 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $1,124.26, for a total transaction of $4,405,974.94. Following the sale, the director owned 7,969 shares of the company's stock, valued at $8,959,227.94. This represents a 32.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Jay C. Hoag sold 32,515 shares of the stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $1,101.97, for a total value of $35,830,554.55. Following the sale, the director directly owned 79,040 shares in the company, valued at $87,099,708.80. This represents a 29.15% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 186,723 shares of company stock worth $223,307,201 over the last three months. Company insiders own 1.37% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on NFLX. Wells Fargo & Company boosted their price target on Netflix from $1,222.00 to $1,500.00 and gave the stock an "overweight" rating in a research report on Friday, June 20th. Evercore ISI restated an "outperform" rating on shares of Netflix in a research note on Thursday, May 15th. The Goldman Sachs Group upped their price objective on Netflix from $1,000.00 to $1,140.00 and gave the company a "neutral" rating in a research note on Wednesday, July 2nd. Cfra Research upgraded Netflix to a "strong-buy" rating in a research note on Monday, April 28th. Finally, Benchmark restated a "hold" rating on shares of Netflix in a research report on Monday, April 21st. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $1,214.52.

Netflix Stock Down 0.4%

Shares of Netflix stock traded down $5.48 during trading on Friday, reaching $1,245.11. The stock had a trading volume of 3,948,915 shares, compared to its average volume of 3,766,443. The company has a market capitalization of $529.88 billion, a price-to-earnings ratio of 58.84, a P/E/G ratio of 2.27 and a beta of 1.59. The stock has a fifty day moving average price of $1,219.93 and a two-hundred day moving average price of $1,046.88. Netflix, Inc. has a 52 week low of $587.04 and a 52 week high of $1,341.15. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.58.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, topping analysts' consensus estimates of $5.74 by $0.87. The firm had revenue of $10.54 billion for the quarter, compared to the consensus estimate of $10.51 billion. Netflix had a return on equity of 39.61% and a net margin of 23.07%. During the same quarter in the previous year, the business earned $8.28 earnings per share. Sell-side analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

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.