HWG Holdings LP Increases Holdings in Netflix, Inc. (NASDAQ:NFLX)

HWG Holdings LP lifted its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 77.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,818 shares of the Internet television network's stock after purchasing an additional 3,407 shares during the period. Netflix accounts for approximately 3.3% of HWG Holdings LP's holdings, making the stock its 13th largest position. HWG Holdings LP's holdings in Netflix were worth $7,291,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Halbert Hargrove Global Advisors LLC increased its stake in shares of Netflix by 100.0% in the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock worth $25,000 after purchasing an additional 13 shares in the last quarter. Brown Shipley& Co Ltd purchased a new stake in Netflix in the 4th quarter worth $27,000. Transce3nd LLC purchased a new stake in Netflix in the 4th quarter worth $32,000. Copia Wealth Management purchased a new stake in Netflix in the 4th quarter worth $37,000. Finally, Stuart Chaussee & Associates Inc. increased its stake in Netflix by 4,500.0% in the 4th quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock worth $41,000 after buying an additional 45 shares in the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on NFLX shares. Benchmark reiterated a "hold" rating on shares of Netflix in a research note on Monday, April 21st. Evercore ISI reiterated an "outperform" rating on shares of Netflix in a research note on Thursday, May 15th. FBN Securities started coverage on Netflix in a research note on Thursday, March 27th. They issued an "outperform" rating and a $1,165.00 price target for the company. Canaccord Genuity Group increased their price target on Netflix from $1,200.00 to $1,380.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. Finally, Wolfe Research set a $1,340.00 price objective on shares of Netflix and gave the company an "outperform" rating in a report on Friday, May 16th. Eleven 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's stock. According to MarketBeat.com, Netflix presently has a consensus rating of "Moderate Buy" and an average price target of $1,172.73.

Insider Activity at Netflix

In other Netflix news, CAO Jeffrey William Karbowski sold 480 shares of the firm's stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $978.18, for a total value of $469,526.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Spencer Adam Neumann sold 2,601 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $921.72, for a total transaction of $2,397,393.72. Following the completion of the sale, the chief financial officer now owns 3,691 shares of the company's stock, valued at approximately $3,402,068.52. This trade represents a 41.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 185,140 shares of company stock valued at $210,271,552 over the last ninety days. 1.37% of the stock is owned by company insiders.

Netflix Stock Performance

Shares of NASDAQ:NFLX opened at $1,231.49 on Monday. The firm has a market cap of $524.09 billion, a PE ratio of 58.20, a price-to-earnings-growth ratio of 2.38 and a beta of 1.59. The firm's 50 day simple moving average is $1,150.80 and its 200-day simple moving average is $1,012.19. Netflix, Inc. has a one year low of $587.04 and a one year high of $1,262.81. 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 issued its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.74 by $0.87. The company had revenue of $10.54 billion for 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 period last year, the company posted $8.28 earnings per share. As a group, equities analysts predict 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.

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