Holistic Planning LLC Purchases Shares of 234 Netflix, Inc. (NASDAQ:NFLX)

Holistic Planning LLC purchased a new position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 234 shares of the Internet television network's stock, valued at approximately $218,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Netflix by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 37,488,005 shares of the Internet television network's stock worth $33,413,809,000 after purchasing an additional 171,712 shares during the last quarter. FMR LLC increased its stake in Netflix by 1.8% during the fourth quarter. FMR LLC now owns 20,887,090 shares of the Internet television network's stock valued at $18,617,081,000 after purchasing an additional 375,234 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Netflix by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 9,323,952 shares of the Internet television network's stock worth $8,287,823,000 after purchasing an additional 175,596 shares during the period. GAMMA Investing LLC lifted its position in shares of Netflix by 109,524.3% in the 1st quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network's stock worth $8,239,576,000 after buying an additional 8,827,662 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Netflix in the 4th quarter valued at about $5,019,087,000. Institutional investors and hedge funds own 80.93% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Barclays lifted their target price on Netflix from $900.00 to $1,000.00 and gave the company an "equal weight" rating in a research note on Monday, April 21st. Citigroup restated a "neutral" rating and set a $1,250.00 price objective (up previously from $1,020.00) on shares of Netflix in a research report on Thursday, May 29th. Wedbush reaffirmed an "outperform" rating and issued a $1,200.00 target price on shares of Netflix in a research report on Monday, May 5th. 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. Eleven equities research 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's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $1,172.73.

Insider Transactions at Netflix

In related news, Chairman Reed Hastings sold 25,360 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $921.15, for a total value of $23,360,364.00. Following the sale, the chairman now directly owns 394 shares in the company, valued at $362,933.10. This represents a 98.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Ann Mather sold 1,358 shares of the stock in a transaction on Friday, May 9th. The stock was sold at an average price of $1,150.00, for a total transaction of $1,561,700.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 185,280 shares of company stock worth $210,599,866. Corporate insiders own 1.37% of the company's stock.

Netflix Stock Performance

Shares of NFLX traded up $16.45 during mid-day trading on Friday, hitting $1,323.12. 4,066,251 shares of the company's stock were exchanged, compared to its average volume of 3,740,591. 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 52 week low of $587.04 and a 52 week high of $1,330.72. The stock's 50-day simple moving average is $1,176.24 and its 200-day simple moving average is $1,020.75. The firm has a market cap of $563.08 billion, a price-to-earnings ratio of 62.53, a price-to-earnings-growth 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 EPS for the quarter, beating the consensus estimate of $5.74 by $0.87. Netflix had a net margin of 23.07% and a return on equity of 39.61%. The firm had revenue of $10.54 billion for the quarter, compared to analyst estimates of $10.51 billion. During the same period last year, the firm earned $8.28 EPS. On average, equities research analysts expect that Netflix, Inc. will post 24.58 EPS for the current 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.