HBK Sorce Advisory LLC Has $5.78 Million Position in Netflix, Inc. (NASDAQ:NFLX)

HBK Sorce Advisory LLC decreased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 3.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,202 shares of the Internet television network's stock after selling 210 shares during the quarter. HBK Sorce Advisory LLC's holdings in Netflix were worth $5,784,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Janus Henderson Group PLC grew its stake in Netflix by 8.7% in the fourth quarter. Janus Henderson Group PLC now owns 1,377,081 shares of the Internet television network's stock worth $1,227,468,000 after purchasing an additional 110,432 shares in the last quarter. PharVision Advisers LLC acquired a new position in shares of Netflix in the 4th quarter worth approximately $873,000. New England Research & Management Inc. increased its holdings in shares of Netflix by 148.5% in the 1st quarter. New England Research & Management Inc. now owns 2,122 shares of the Internet television network's stock valued at $1,979,000 after acquiring an additional 1,268 shares during the last quarter. First National Trust Co boosted its holdings in shares of Netflix by 1.0% in the 4th quarter. First National Trust Co now owns 1,258 shares of the Internet television network's stock valued at $1,121,000 after buying an additional 12 shares during the period. Finally, Haven Private LLC bought a new position in shares of Netflix during the fourth quarter valued at approximately $733,000. Institutional investors and hedge funds own 80.93% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on NFLX shares. Wolfe Research set a $1,340.00 price target on shares of Netflix and gave the stock an "outperform" rating in a research report on Friday, May 16th. Moffett Nathanson restated a "buy" rating and issued a $1,150.00 target price (up previously from $1,100.00) on shares of Netflix in a research report on Friday, April 18th. Morgan Stanley increased their price target on Netflix from $1,150.00 to $1,200.00 and gave the stock an "overweight" rating in a research note on Monday, April 21st. Oppenheimer boosted their price objective on Netflix from $1,200.00 to $1,425.00 and gave the stock an "outperform" rating in a research note on Thursday, June 12th. Finally, Wedbush reissued an "outperform" rating and set a $1,200.00 target price on shares of Netflix in a research note on Monday, May 5th. Eleven investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Netflix has a consensus rating of "Moderate Buy" and an average price target of $1,172.73.

Insider Buying and Selling

In related news, CAO Jeffrey William Karbowski sold 620 shares of the company's stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $1,286.84, for a total value of $797,840.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Reed Hastings sold 25,360 shares of Netflix stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $921.15, for a total transaction of $23,360,364.00. Following the sale, the chairman now owns 394 shares in the company, valued at $362,933.10. This represents a 98.47% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 185,280 shares of company stock valued at $210,599,866. 1.37% of the stock is owned by company insiders.

Netflix Stock Up 2.5%

Netflix stock traded up $31.42 during mid-day trading on Thursday, hitting $1,306.67. 2,601,963 shares of the company's stock were exchanged, compared to its average volume of 3,739,282. Netflix, Inc. has a 1-year low of $587.04 and a 1-year high of $1,307.49. The stock has a 50 day moving average of $1,169.57 and a two-hundred day moving average of $1,018.04. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.58. The stock has a market cap of $556.08 billion, a P/E 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 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 during the quarter, compared to analyst estimates of $10.51 billion. Netflix had a net margin of 23.07% and a return on equity of 39.61%. During the same quarter in the previous year, the business earned $8.28 EPS. As a group, analysts anticipate that Netflix, Inc. will post 24.58 EPS 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.