J.Safra Asset Management Corp Boosts Holdings in Netflix, Inc. (NASDAQ:NFLX)

J.Safra Asset Management Corp lifted its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 74.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 705 shares of the Internet television network's stock after buying an additional 302 shares during the period. J.Safra Asset Management Corp's holdings in Netflix were worth $657,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in NFLX. Warwick Investment Management Inc. boosted its holdings in shares of Netflix by 3.5% in the 4th quarter. Warwick Investment Management Inc. now owns 298 shares of the Internet television network's stock valued at $266,000 after purchasing an additional 10 shares during the last quarter. MRP Capital Investments LLC increased its holdings in shares of Netflix by 1.0% during the 4th quarter. MRP Capital Investments LLC now owns 1,052 shares of the Internet television network's stock worth $938,000 after buying an additional 10 shares during the last quarter. Bedell Frazier Investment Counselling LLC raised its position in shares of Netflix by 2.2% in the 4th quarter. Bedell Frazier Investment Counselling LLC now owns 462 shares of the Internet television network's stock worth $412,000 after buying an additional 10 shares during the period. Mission Creek Capital Partners Inc. boosted its holdings in Netflix by 0.3% in the fourth quarter. Mission Creek Capital Partners Inc. now owns 3,826 shares of the Internet television network's stock valued at $3,410,000 after acquiring an additional 10 shares during the last quarter. Finally, Continuum Wealth Advisors LLC grew its position in Netflix by 4.4% during the first quarter. Continuum Wealth Advisors LLC now owns 235 shares of the Internet television network's stock valued at $219,000 after acquiring an additional 10 shares during the period. Hedge funds and other institutional investors own 80.93% of the company's stock.

Insider Buying and Selling

In related news, CAO Jeffrey William Karbowski sold 620 shares of the company's stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $1,286.84, for a total transaction of $797,840.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Jay C. Hoag sold 31,750 shares of Netflix stock in a transaction on 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 directly owns 63,040 shares of the company's stock, valued at approximately $78,948,144. This represents a 33.50% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 185,280 shares of company stock worth $210,599,866. Corporate insiders own 1.37% of the company's stock.

Netflix Stock Up 1.3%

NFLX stock opened at $1,323.12 on Monday. 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 firm has a 50 day simple moving average of $1,183.25 and a 200-day simple moving average of $1,024.87. The company has a market capitalization of $563.08 billion, a P/E ratio of 62.53, a PEG ratio of 2.56 and a beta of 1.59. Netflix, Inc. has a twelve month low of $587.04 and a twelve month high of $1,331.35.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, topping the consensus estimate of $5.74 by $0.87. The company had revenue of $10.54 billion during 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 business earned $8.28 EPS. On average, equities research analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Oppenheimer upped their price target on Netflix from $1,200.00 to $1,425.00 and gave the stock an "outperform" rating in a research note on Thursday, June 12th. Moffett Nathanson reissued a "buy" rating and set a $1,150.00 target price (up previously from $1,100.00) on shares of Netflix in a research report on Friday, April 18th. UBS Group raised their price target on shares of Netflix from $1,150.00 to $1,450.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Benchmark reiterated a "hold" rating on shares of Netflix in a research note on Monday, April 21st. Finally, Jefferies Financial Group raised their target price on shares of Netflix from $1,200.00 to $1,400.00 and gave the company a "buy" rating in a research note on Tuesday, June 3rd. Eleven analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $1,172.73.

About Netflix

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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