Harel Insurance Investments & Financial Services Ltd. Purchases 2,898 Shares of Netflix, Inc. (NASDAQ:NFLX)

Harel Insurance Investments & Financial Services Ltd. raised its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 398.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,625 shares of the Internet television network's stock after buying an additional 2,898 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.'s holdings in Netflix were worth $3,380,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in NFLX. Brighton Jones LLC raised its position in shares of Netflix by 5.0% during the fourth quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network's stock worth $4,804,000 after purchasing an additional 257 shares during the period. Revolve Wealth Partners LLC raised its position in shares of Netflix by 16.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network's stock worth $912,000 after purchasing an additional 144 shares during the period. BIP Wealth LLC raised its position in shares of Netflix by 23.8% during the fourth quarter. BIP Wealth LLC now owns 453 shares of the Internet television network's stock worth $403,000 after purchasing an additional 87 shares during the period. Exencial Wealth Advisors LLC raised its position in shares of Netflix by 3.0% during the fourth quarter. Exencial Wealth Advisors LLC now owns 1,496 shares of the Internet television network's stock worth $1,334,000 after purchasing an additional 43 shares during the period. Finally, Keybank National Association OH raised its position in shares of Netflix by 1.0% during the fourth quarter. Keybank National Association OH now owns 8,785 shares of the Internet television network's stock worth $7,830,000 after purchasing an additional 85 shares during the period. 80.93% of the stock is owned by institutional investors and hedge funds.

Netflix Price Performance

NFLX traded down $7.56 during trading on Monday, reaching $1,289.62. 2,271,110 shares of the company were exchanged, compared to its average volume of 3,760,117. The company's 50-day moving average is $1,207.87 and its two-hundred day moving average is $1,038.56. The company has a market cap of $548.82 billion, a price-to-earnings ratio of 60.95, a P/E/G ratio of 2.35 and a beta of 1.59. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.58. Netflix, Inc. has a 12-month low of $587.04 and a 12-month high of $1,341.15.

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 the consensus estimate of $5.74 by $0.87. Netflix had a return on equity of 39.61% and a net margin of 23.07%. The firm had revenue of $10.54 billion for the quarter, compared to analysts' expectations of $10.51 billion. During the same quarter last year, the firm posted $8.28 EPS. Research analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Wolfe Research set a $1,340.00 target price on Netflix and gave the stock an "outperform" rating in a research report on Friday, May 16th. Citigroup reiterated a "neutral" rating and set a $1,250.00 price target (up previously from $1,020.00) on shares of Netflix in a report on Thursday, May 29th. Piper Sandler set a $1,150.00 price target on Netflix and gave the stock an "overweight" rating in a report on Monday, April 21st. Guggenheim reiterated a "buy" rating and set a $1,150.00 price target (up previously from $1,100.00) on shares of Netflix in a report on Friday, April 18th. Finally, KeyCorp upped their price target on Netflix from $1,000.00 to $1,070.00 and gave the stock an "overweight" rating in a report on Monday, April 21st. Eleven investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,182.58.

Insider Transactions at Netflix

In other Netflix 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 value of $1,362,500.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Reed Hastings sold 9,673 shares of the firm's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $1,329.11, for a total value of $12,856,481.03. Following the completion of the sale, the director directly owned 394 shares in the company, valued at approximately $523,669.34. The trade was a 96.09% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 186,723 shares of company stock worth $223,307,201. 1.37% of the stock is owned by insiders.

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.