Kwmg LLC Takes $201,000 Position in Netflix, Inc. (NASDAQ:NFLX)

Kwmg LLC bought a new position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 216 shares of the Internet television network's stock, valued at approximately $201,000.

Other hedge funds also recently modified their holdings of the company. Pathway Financial Advisers LLC increased its stake in shares of Netflix by 82.4% in the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock valued at $27,000 after acquiring an additional 14 shares in the last quarter. Brown Shipley& Co Ltd bought a new stake in Netflix in the fourth quarter valued at $27,000. Transce3nd LLC acquired a new position in shares of Netflix during the fourth quarter valued at about $32,000. Newton One Investments LLC bought a new position in shares of Netflix during the 4th quarter worth about $34,000. Finally, Pineridge Advisors LLC boosted its position in shares of Netflix by 4,000.0% during the 4th quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network's stock worth $37,000 after purchasing an additional 40 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company's stock.

Insider Buying and Selling at Netflix

In other news, CAO Jeffrey William Karbowski sold 480 shares of Netflix stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $978.18, for a total value of $469,526.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Spencer Adam Neumann sold 2,601 shares of the business's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $1,211.67, for a total value of $3,151,553.67. Following the sale, the chief financial officer now owns 3,691 shares in the company, valued at approximately $4,472,273.97. The trade was a 41.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 152,300 shares of company stock valued at $169,146,939 in the last 90 days. 1.37% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on NFLX. Benchmark reaffirmed a "hold" rating on shares of Netflix in a research note on Monday, April 21st. Robert W. Baird raised their price objective on shares of Netflix from $1,200.00 to $1,300.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. Needham & Company LLC reiterated a "buy" rating and set a $1,126.00 price objective on shares of Netflix in a report on Thursday, April 17th. Rosenblatt Securities upped 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. Finally, Morgan Stanley raised their price target on shares of Netflix from $1,150.00 to $1,200.00 and gave the company an "overweight" rating in a research report on Monday, April 21st. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $1,149.91.

Netflix Stock Performance

NASDAQ:NFLX traded up $10.86 during trading hours on Thursday, reaching $1,250.52. The stock had a trading volume of 2,814,568 shares, compared to its average volume of 3,745,431. Netflix, Inc. has a 12-month low of $587.04 and a 12-month high of $1,262.59. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. The stock has a 50 day simple moving average of $1,075.18 and a 200 day simple moving average of $982.47. The stock has a market cap of $532.19 billion, a P/E ratio of 63.06, a price-to-earnings-growth ratio of 2.12 and a beta of 1.58.

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

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.