Investment Research & Advisory Group Inc. Has $3.60 Million Stake in Netflix, Inc. (NASDAQ:NFLX)

Investment Research & Advisory Group Inc. increased its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 8.1% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 3,859 shares of the Internet television network's stock after purchasing an additional 289 shares during the period. Netflix comprises about 1.5% of Investment Research & Advisory Group Inc.'s investment portfolio, making the stock its 20th biggest holding. Investment Research & Advisory Group Inc.'s holdings in Netflix were worth $3,599,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Halbert Hargrove Global Advisors LLC boosted its holdings in shares of Netflix by 100.0% during the first 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 during the period. Brown Shipley& Co Ltd acquired a new stake in shares of Netflix during the 4th quarter valued at $27,000. Transce3nd LLC purchased a new position in shares of Netflix during the 4th quarter valued at $32,000. Copia Wealth Management acquired a new position in shares of Netflix in the fourth quarter worth $37,000. Finally, Stuart Chaussee & Associates Inc. raised its holdings in shares of Netflix by 4,500.0% during the fourth quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock worth $41,000 after acquiring 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

Several brokerages have weighed in on NFLX. Oppenheimer upped their target price on Netflix from $1,200.00 to $1,425.00 and gave the stock an "outperform" rating in a research report on Thursday, June 12th. Jefferies Financial Group boosted their price target 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. Moffett Nathanson reaffirmed a "buy" rating and set a $1,150.00 price objective (up previously from $1,100.00) on shares of Netflix in a research report on Friday, April 18th. Pivotal Research boosted their target price on shares of Netflix from $1,350.00 to $1,600.00 and gave the stock a "buy" rating in a research report on Friday. Finally, Macquarie increased their price target on shares of Netflix from $1,150.00 to $1,200.00 and gave the stock an "outperform" rating in a research note on Monday, April 21st. Eleven investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Netflix currently has an average rating of "Moderate Buy" and an average target price of $1,172.73.

Insider Activity

In other Netflix news, CAO Jeffrey William Karbowski sold 480 shares of Netflix 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Spencer Adam Neumann sold 2,601 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $921.72, for a total value of $2,397,393.72. Following the completion of the transaction, the chief financial officer now directly owns 3,691 shares of the company's stock, valued at approximately $3,402,068.52. The trade was a 41.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 185,140 shares of company stock worth $210,271,552. 1.37% of the stock is currently owned by corporate insiders.

Netflix Stock Performance

NFLX stock traded up $9.20 during trading on Friday, reaching $1,231.49. 5,315,825 shares of the stock were exchanged, compared to its average volume of 3,751,419. Netflix, Inc. has a twelve month low of $587.04 and a twelve month high of $1,262.81. 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 company has a market capitalization of $524.09 billion, a P/E ratio of 58.20, a price-to-earnings-growth ratio of 2.36 and a beta of 1.59. The stock has a 50 day simple moving average of $1,144.53 and a 200-day simple moving average of $1,008.57.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.74 by $0.87. The business had revenue of $10.54 billion for the quarter, compared to analysts' expectations of $10.51 billion. Netflix had a return on equity of 39.61% and a net margin of 23.07%. During the same period in the previous year, the business posted $8.28 earnings per share. As a group, sell-side analysts anticipate that Netflix, Inc. will post 24.58 earnings per share 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.