259 Shares in Netflix, Inc. (NASDAQ:NFLX) Acquired by MQS Management LLC

MQS Management LLC acquired a new position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 259 shares of the Internet television network's stock, valued at approximately $242,000.

Other large investors have also recently bought and sold shares of the company. Halbert Hargrove Global Advisors LLC increased its position in Netflix by 100.0% in the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock valued at $25,000 after acquiring an additional 13 shares during the period. Brown Shipley& Co Ltd bought a new stake in shares of Netflix in the 4th quarter valued at about $27,000. Transce3nd LLC acquired a new stake in shares of Netflix in the fourth quarter valued at about $32,000. Copia Wealth Management bought a new position in shares of Netflix during the fourth quarter worth about $37,000. Finally, Stuart Chaussee & Associates Inc. lifted 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 purchasing an additional 45 shares during the period. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on NFLX. FBN Securities began coverage on Netflix in a research note on Thursday, March 27th. They issued an "outperform" rating and a $1,165.00 price objective on the stock. Citigroup reissued a "neutral" rating and issued a $1,250.00 price target (up from $1,020.00) on shares of Netflix in a research note on Thursday, May 29th. Wedbush reaffirmed an "outperform" rating and set a $1,400.00 price objective on shares of Netflix in a research report on Monday. Seaport Res Ptn lowered shares of Netflix from a "strong-buy" rating to a "hold" rating in a research note on Sunday, July 6th. Finally, Benchmark reissued a "hold" rating on shares of Netflix in a research note on Monday, April 21st. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Netflix has a consensus rating of "Moderate Buy" and an average price target of $1,233.15.

Netflix Trading Up 1.7%

Netflix stock traded up $21.55 during mid-day trading on Thursday, hitting $1,271.86. The company's stock had a trading volume of 3,054,513 shares, compared to its average volume of 3,762,555. The stock's fifty day moving average is $1,228.61 and its two-hundred day moving average is $1,056.00. 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 market capitalization of $541.27 billion, a PE ratio of 60.08, a price-to-earnings-growth ratio of 2.28 and a beta of 1.59. Netflix, Inc. has a 1 year low of $587.04 and a 1 year high of $1,341.15.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, beating analysts' consensus estimates of $5.74 by $0.87. The business had revenue of $10.54 billion during the quarter, compared to analysts' expectations of $10.51 billion. Netflix had a return on equity of 39.61% and a net margin of 23.07%. During the same period in the previous year, the firm posted $8.28 earnings per share. On average, analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Transactions at Netflix

In other Netflix news, Director Reed Hastings sold 9,673 shares of Netflix stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $1,329.11, for a total transaction of $12,856,481.03. Following the completion of the sale, the director directly owned 394 shares of the company's stock, valued at $523,669.34. The trade was a 96.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Jeffrey William Karbowski sold 620 shares of the firm's stock in a transaction 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 disclosure for this sale can be found here. Insiders have sold 186,723 shares of company stock valued at $223,307,201 over the last quarter. Insiders own 1.37% of the company's stock.

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.