Netflix, Inc. (NASDAQ:NFLX) Holdings Raised by Ibex Wealth Advisors

Ibex Wealth Advisors raised its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 11.7% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,018 shares of the Internet television network's stock after purchasing an additional 526 shares during the quarter. Ibex Wealth Advisors' holdings in Netflix were worth $4,679,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC boosted its stake in shares of Netflix by 109,524.3% during the 1st quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network's stock valued at $8,239,576,000 after buying an additional 8,827,662 shares during the last quarter. Norges Bank acquired a new stake in Netflix in the fourth quarter valued at $5,019,087,000. Proficio Capital Partners LLC raised its holdings in Netflix by 123,836.7% in the fourth quarter. Proficio Capital Partners LLC now owns 1,925,977 shares of the Internet television network's stock valued at $1,716,662,000 after acquiring an additional 1,924,423 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Netflix by 59.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,301,098 shares of the Internet television network's stock valued at $2,051,016,000 after acquiring an additional 856,307 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its holdings in Netflix by 318.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 976,924 shares of the Internet television network's stock worth $870,752,000 after acquiring an additional 743,724 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company's stock.

Insider Activity

In related news, Director Ann Mather sold 1,358 shares of the stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $1,150.00, for a total transaction of $1,561,700.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Jeffrey William Karbowski sold 480 shares of the firm's stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $978.18, for a total transaction of $469,526.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 185,140 shares of company stock worth $210,271,552. 1.37% of the stock is owned by company insiders.

Analysts Set New Price Targets

NFLX has been the topic of a number of recent analyst reports. Loop Capital restated a "hold" rating on shares of Netflix in a research note on Monday, March 24th. Robert W. Baird boosted their price objective on Netflix from $1,200.00 to $1,300.00 and gave the company an "outperform" rating in a report on Friday, May 16th. Jefferies Financial Group upped their price objective on Netflix from $1,200.00 to $1,400.00 and gave the company a "buy" rating in a research note on Tuesday, June 3rd. Phillip Securities upgraded Netflix from a "moderate sell" rating to a "hold" rating in a research report on Monday, April 21st. Finally, Macquarie boosted their price target on Netflix from $1,150.00 to $1,200.00 and gave the company an "outperform" rating in a report on Monday, April 21st. Eleven analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Netflix has an average rating of "Moderate Buy" and an average price target of $1,149.91.

Netflix Price Performance

Netflix stock traded up $18.83 during trading hours on Wednesday, hitting $1,222.45. 900,483 shares of the company traded hands, compared to its average volume of 3,750,595. Netflix, Inc. has a 1-year low of $587.04 and a 1-year high of $1,262.81. The firm has a market cap of $520.24 billion, a P/E ratio of 61.65, a P/E/G ratio of 2.12 and a beta of 1.59. The firm's 50-day simple moving average is $1,099.31 and its two-hundred day simple moving average is $992.93. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its earnings results on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, topping the consensus estimate of $5.74 by $0.87. The firm had revenue of $10.54 billion for the quarter, compared to analysts' expectations of $10.51 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. During the same quarter in the previous year, the company earned $8.28 earnings per share. As a group, analysts forecast that Netflix, Inc. will post 24.58 earnings per share 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.