Netflix, Inc. (NASDAQ:NFLX) Shares Acquired by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. grew its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 37.4% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,470 shares of the Internet television network's stock after acquiring an additional 2,850 shares during the quarter. J.W. Cole Advisors Inc.'s holdings in Netflix were worth $9,763,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Fullcircle Wealth LLC grew its holdings in Netflix by 2.5% during the first quarter. Fullcircle Wealth LLC now owns 369 shares of the Internet television network's stock worth $344,000 after acquiring an additional 9 shares during the period. Bedell Frazier Investment Counselling LLC grew its holdings in Netflix by 2.2% in the fourth quarter. Bedell Frazier Investment Counselling LLC now owns 462 shares of the Internet television network's stock valued at $412,000 after purchasing an additional 10 shares during the last quarter. Mission Creek Capital Partners Inc. grew 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 purchasing an additional 10 shares during the last quarter. Continuum Wealth Advisors LLC grew its holdings in Netflix by 4.4% in the first quarter. Continuum Wealth Advisors LLC now owns 235 shares of the Internet television network's stock valued at $219,000 after purchasing an additional 10 shares during the last quarter. Finally, Financial Enhancement Group LLC grew its holdings in Netflix by 2.5% in the first quarter. Financial Enhancement Group LLC now owns 412 shares of the Internet television network's stock valued at $384,000 after purchasing an additional 10 shares during the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Wedbush reissued an "outperform" rating and issued a $1,500.00 target price (up previously from $1,400.00) on shares of Netflix in a report on Monday, July 14th. Moffett Nathanson reissued a "buy" rating and issued a $1,150.00 target price (up previously from $1,100.00) on shares of Netflix in a report on Friday, April 18th. Robert W. Baird upped their target price on Netflix from $1,200.00 to $1,300.00 and gave the company an "outperform" rating in a report on Friday, May 16th. Canaccord Genuity Group reissued a "buy" rating on shares of Netflix in a report on Thursday, July 10th. Finally, Evercore ISI reissued an "outperform" rating on shares of Netflix in a report on Thursday, May 15th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Netflix presently has an average rating of "Moderate Buy" and an average target price of $1,291.41.

Netflix Trading Down 5.1%

NASDAQ NFLX traded down $64.93 during trading hours on Friday, hitting $1,209.24. 10,678,762 shares of the company's stock were exchanged, compared to its average volume of 3,762,863. The business's 50 day moving average is $1,232.59 and its 200-day moving average is $1,061.94. Netflix, Inc. has a 12-month low of $587.04 and a 12-month high of $1,341.15. The firm has a market capitalization of $514.62 billion, a P/E ratio of 51.52, a price-to-earnings-growth ratio of 2.15 and a beta of 1.59. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.20 and a current ratio of 1.34.

Netflix (NASDAQ:NFLX - Get Free Report) last released its earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, topping the consensus estimate of $7.07 by $0.12. The firm had revenue of $11.08 billion for the quarter, compared to the consensus estimate of $11.04 billion. Netflix had a return on equity of 42.50% and a net margin of 24.58%. The firm's revenue for the quarter was up 15.9% compared to the same quarter last year. During the same period in the prior year, the business posted $4.88 earnings per share. As a group, analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Transactions at Netflix

In other news, CFO Spencer Adam Neumann sold 2,601 shares of the firm's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $1,132.38, for a total value of $2,945,320.38. Following the transaction, the chief financial officer directly owned 3,691 shares in the company, valued at $4,179,614.58. This trade represents a 41.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Bradford L. Smith sold 3,919 shares of the firm's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $1,124.26, for a total value of $4,405,974.94. Following the completion of the transaction, the director owned 7,969 shares in the company, valued at approximately $8,959,227.94. This trade represents a 32.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 186,723 shares of company stock valued at $223,307,201. 1.37% of the stock is owned by company insiders.

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.