Hexagon Capital Partners LLC Has $1.72 Million Holdings in Netflix, Inc. (NASDAQ:NFLX)

Hexagon Capital Partners LLC grew its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 28.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,847 shares of the Internet television network's stock after buying an additional 408 shares during the period. Netflix makes up 0.3% of Hexagon Capital Partners LLC's portfolio, making the stock its 24th biggest position. Hexagon Capital Partners LLC's holdings in Netflix were worth $1,723,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NFLX. Janus Henderson Group PLC boosted its position in shares of Netflix by 8.7% during 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 bought a new position in shares of Netflix during the fourth quarter worth $873,000. New England Research & Management Inc. boosted its position in shares of Netflix by 148.5% during the first quarter. New England Research & Management Inc. now owns 2,122 shares of the Internet television network's stock worth $1,979,000 after purchasing an additional 1,268 shares in the last quarter. First National Trust Co boosted its position in shares of Netflix by 1.0% during the fourth quarter. First National Trust Co now owns 1,258 shares of the Internet television network's stock worth $1,121,000 after purchasing an additional 12 shares in the last quarter. Finally, Xcel Wealth Management LLC boosted its position in shares of Netflix by 15.2% during the first quarter. Xcel Wealth Management LLC now owns 492 shares of the Internet television network's stock worth $459,000 after purchasing an additional 65 shares in the last quarter. Institutional investors own 80.93% of the company's stock.

Insider Activity at Netflix

In other Netflix news, Director Bradford L. Smith sold 3,919 shares of the stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $1,124.26, for a total transaction of $4,405,974.94. Following the transaction, the director owned 7,969 shares in the company, valued at $8,959,227.94. This represents a 32.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 transaction of $35,830,554.55. Following the transaction, the director owned 79,040 shares in the company, valued at approximately $87,099,708.80. The trade was a 29.15% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 186,723 shares of company stock worth $223,307,201 in the last quarter. Corporate insiders own 1.37% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on NFLX. 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. Guggenheim reissued a "buy" rating and set a $1,150.00 price target (up from $1,100.00) on shares of Netflix in a research report on Friday, April 18th. Moffett Nathanson reissued a "buy" rating and set a $1,150.00 price target (up from $1,100.00) on shares of Netflix in a research report on Friday, April 18th. Oppenheimer boosted their price objective on shares of Netflix from $1,200.00 to $1,425.00 and gave the company an "outperform" rating in a research report on Thursday, June 12th. Finally, Cfra Research raised shares of Netflix to a "strong-buy" rating in a research report on Monday, April 28th. Eleven 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. According to MarketBeat, Netflix presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,182.58.

Netflix Stock Performance

NFLX traded up $10.38 on Friday, reaching $1,295.24. The company had a trading volume of 2,006,224 shares, compared to its average volume of 3,766,089. Netflix, Inc. has a fifty-two week low of $587.04 and a fifty-two week high of $1,341.15. The stock has a market cap of $551.21 billion, a P/E ratio of 61.21, a P/E/G ratio of 2.35 and a beta of 1.59. The company's fifty day moving average is $1,207.87 and its 200 day moving average is $1,037.61. 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 (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, beating analysts' consensus estimates of $5.74 by $0.87. Netflix had a net margin of 23.07% and a return on equity of 39.61%. The business had revenue of $10.54 billion for the quarter, compared to analyst estimates of $10.51 billion. During the same quarter in the prior year, the business earned $8.28 EPS. As a group, analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

About Netflix

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.