Netflix, Inc. (NASDAQ:NFLX) Shares Bought by NBC Securities Inc.

NBC Securities Inc. boosted its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 157,166.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,718 shares of the Internet television network's stock after buying an additional 4,715 shares during the quarter. NBC Securities Inc.'s holdings in Netflix were worth $4,399,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NFLX. Brown Shipley& Co Ltd purchased a new position in Netflix during the fourth quarter valued at $27,000. Pathway Financial Advisers LLC lifted its holdings in Netflix by 82.4% during the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock valued at $27,000 after purchasing an additional 14 shares in the last quarter. Transce3nd LLC purchased a new position in Netflix during the fourth quarter valued at $32,000. Newton One Investments LLC purchased a new position in Netflix during the fourth quarter valued at $34,000. Finally, Pineridge Advisors LLC lifted its holdings in Netflix by 4,000.0% during the fourth quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network's stock valued at $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.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Morgan Stanley raised their price target on shares of Netflix from $1,150.00 to $1,200.00 and gave the stock an "overweight" rating in a research note on Monday, April 21st. Cfra Research raised shares of Netflix to a "strong-buy" rating in a research note on Monday, April 28th. Piper Sandler set a $1,150.00 price target on shares of Netflix and gave the stock an "overweight" rating in a research note on Monday, April 21st. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $1,220.00 price target (up from $1,150.00) on shares of Netflix in a research note on Monday, May 19th. Finally, Loop Capital reissued a "hold" rating on shares of Netflix in a research note on Monday, March 24th. Eleven research 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. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $1,149.91.

Netflix Stock Up 1.2%

Shares of NASDAQ:NFLX traded up $14.40 during trading hours on Thursday, reaching $1,254.06. The stock had a trading volume of 1,502,774 shares, compared to its average volume of 3,740,694. Netflix, Inc. has a 1 year low of $587.04 and a 1 year high of $1,262.59. The firm's 50 day moving average is $1,075.18 and its 200-day moving average is $982.47. 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 market capitalization of $533.69 billion, a price-to-earnings ratio of 63.24, a P/E/G ratio of 2.12 and a beta of 1.58.

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

Insider Activity at Netflix

In related news, CFO Spencer Adam Neumann sold 2,601 shares of the stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $1,211.67, for a total transaction of $3,151,553.67. Following the completion of the sale, the chief financial officer now owns 3,691 shares in the company, valued at $4,472,273.97. This represents a 41.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Reed Hastings sold 26,933 shares of the stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $1,211.66, for a total transaction of $32,633,638.78. Following the sale, the director now owns 394 shares of the company's stock, valued at approximately $477,394.04. This represents a 98.56% decrease in their position. 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 ninety days. Insiders own 1.37% of the company's stock.

Netflix 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.