Mitchell Mcleod Pugh & Williams Inc. Buys 345 Shares of Netflix, Inc. (NASDAQ:NFLX)

Mitchell Mcleod Pugh & Williams Inc. boosted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 21.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,917 shares of the Internet television network's stock after acquiring an additional 345 shares during the period. Mitchell Mcleod Pugh & Williams Inc.'s holdings in Netflix were worth $1,788,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Florida Financial Advisors LLC lifted its holdings in Netflix by 63.2% during the first quarter. Florida Financial Advisors LLC now owns 2,059 shares of the Internet television network's stock worth $1,922,000 after acquiring an additional 797 shares in the last quarter. MQS Management LLC bought a new position in Netflix during the first quarter worth about $242,000. Zullo Investment Group Inc. lifted its holdings in Netflix by 1.3% during the first quarter. Zullo Investment Group Inc. now owns 2,698 shares of the Internet television network's stock worth $2,516,000 after acquiring an additional 35 shares in the last quarter. Whitener Capital Management Inc. lifted its holdings in Netflix by 1.4% during the first quarter. Whitener Capital Management Inc. now owns 1,500 shares of the Internet television network's stock worth $1,399,000 after acquiring an additional 20 shares in the last quarter. Finally, Secured Retirement Advisors LLC bought a new position in Netflix during the first quarter worth about $1,302,000. 80.93% of the stock is currently owned by institutional investors.

Netflix Price Performance

Netflix stock opened at $1,245.11 on Monday. Netflix, Inc. has a 52 week low of $587.04 and a 52 week high of $1,341.15. The company's 50 day moving average price is $1,221.70 and its two-hundred day moving average price is $1,050.73. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.58. The stock has a market cap of $529.88 billion, a P/E ratio of 58.84, a P/E/G ratio of 2.25 and a beta of 1.59.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.74 by $0.87. Netflix had a net margin of 23.07% and a return on equity of 39.61%. 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 business posted $8.28 EPS. On average, equities analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insider Activity at Netflix

In other news, Director Jay C. Hoag sold 31,750 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $1,252.35, for a total transaction of $39,762,112.50. Following the completion of the sale, the director owned 63,040 shares in the company, valued at $78,948,144. This trade represents a 33.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Strive Masiyiwa sold 290 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $1,336.54, for a total transaction of $387,596.60. The disclosure for this sale can be found here. Insiders have sold a total of 186,723 shares of company stock worth $223,307,201 over the last 90 days. Corporate insiders own 1.37% of the company's stock.

Analyst Ratings Changes

Several research analysts have weighed in on NFLX shares. Wolfe Research set a $1,340.00 target price on Netflix and gave the stock an "outperform" rating in a report on Friday, May 16th. Evercore ISI restated an "outperform" rating on shares of Netflix in a report on Thursday, May 15th. Seaport Res Ptn lowered Netflix from a "strong-buy" rating to a "hold" rating in a report on Sunday, July 6th. Guggenheim restated a "buy" rating and issued a $1,150.00 price target (up from $1,100.00) on shares of Netflix in a report on Friday, April 18th. Finally, The Goldman Sachs Group boosted their price target on Netflix from $1,000.00 to $1,140.00 and gave the company a "neutral" rating in a report on Wednesday, July 2nd. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $1,214.52.

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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