Janney Montgomery Scott LLC Grows Holdings in Netflix, Inc. (NASDAQ:NFLX)

Janney Montgomery Scott LLC increased its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 1.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 84,298 shares of the Internet television network's stock after buying an additional 1,056 shares during the period. Janney Montgomery Scott LLC's holdings in Netflix were worth $78,610,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in NFLX. Brown Shipley& Co Ltd bought a new position in shares of Netflix during the fourth quarter worth about $27,000. Transce3nd LLC acquired a new stake in Netflix during the fourth quarter valued at approximately $32,000. Copia Wealth Management bought a new position in Netflix during the 4th quarter worth approximately $37,000. Stuart Chaussee & Associates Inc. grew its position in shares of 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 acquiring an additional 45 shares in the last quarter. Finally, NewSquare Capital LLC increased its holdings in shares of Netflix by 120.0% in the 4th quarter. NewSquare Capital LLC now owns 55 shares of the Internet television network's stock valued at $49,000 after acquiring an additional 30 shares during the last quarter. Institutional investors own 80.93% of the company's stock.

Insider Activity

In other Netflix news, CAO Jeffrey William Karbowski sold 160 shares of the company's stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $1,000.00, for a total transaction of $160,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jay C. Hoag sold 31,750 shares of the firm's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $1,252.35, for a total transaction of $39,762,112.50. Following the completion of the transaction, the director now owns 63,040 shares of the company's stock, valued at approximately $78,948,144. The trade was a 33.50% 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. Insiders own 1.37% of the company's stock.

Netflix Price Performance

NASDAQ:NFLX opened at $1,212.15 on Monday. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. The business's 50-day moving average price is $1,120.37 and its 200 day moving average price is $1,000.96. Netflix, Inc. has a 52-week low of $587.04 and a 52-week high of $1,262.81. The firm has a market cap of $515.86 billion, a P/E ratio of 61.13, a PEG ratio of 2.12 and a beta of 1.59.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, beating the consensus estimate of $5.74 by $0.87. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The company had revenue of $10.54 billion during the quarter, compared to analyst estimates of $10.51 billion. During the same quarter last year, the firm posted $8.28 EPS. As a group, sell-side analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Wells Fargo & Company raised their price objective on Netflix from $1,210.00 to $1,222.00 and gave the stock an "overweight" rating in a research note on Monday, April 21st. Rosenblatt Securities increased their target price on shares of Netflix from $1,494.00 to $1,514.00 and gave the stock a "buy" rating in a report on Monday, April 21st. Canaccord Genuity Group lifted their price target on shares of Netflix from $1,200.00 to $1,380.00 and gave the company a "buy" rating in a report on Friday, May 16th. Loop Capital reaffirmed a "hold" rating on shares of Netflix in a research report on Monday, March 24th. Finally, Piper Sandler set a $1,150.00 price objective on shares of Netflix and gave the stock an "overweight" rating in a research note on Monday, April 21st. Eleven research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $1,156.73.

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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