Netflix, Inc. (NASDAQ:NFLX) Shares Acquired by McKinley Carter Wealth Services Inc.

McKinley Carter Wealth Services Inc. grew its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 7.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,607 shares of the Internet television network's stock after acquiring an additional 699 shares during the quarter. McKinley Carter Wealth Services Inc.'s holdings in Netflix were worth $8,959,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Trinity Financial Advisors LLC grew its position in shares of Netflix by 614.1% during the 1st quarter. Trinity Financial Advisors LLC now owns 2,278 shares of the Internet television network's stock valued at $2,124,000 after acquiring an additional 1,959 shares during the period. Transform Wealth LLC boosted its holdings in shares of Netflix by 61.0% during the 1st quarter. Transform Wealth LLC now owns 14,597 shares of the Internet television network's stock valued at $13,612,000 after purchasing an additional 5,528 shares during the last quarter. Focus Financial Network Inc. grew its holdings in Netflix by 4.3% during the 1st quarter. Focus Financial Network Inc. now owns 2,734 shares of the Internet television network's stock valued at $2,550,000 after buying an additional 113 shares in the last quarter. Donaldson Capital Management LLC grew its holdings in shares of Netflix by 1.3% in the first quarter. Donaldson Capital Management LLC now owns 3,897 shares of the Internet television network's stock valued at $3,634,000 after purchasing an additional 51 shares in the last quarter. Finally, EdgeRock Capital LLC increased its holdings in shares of Netflix by 2.5% in the 1st quarter. EdgeRock Capital LLC now owns 540 shares of the Internet television network's stock worth $504,000 after buying an additional 13 shares during the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on NFLX shares. Loop Capital reaffirmed a "hold" rating on shares of Netflix in a research note on Monday, March 24th. Pivotal Research increased their price target on Netflix from $1,250.00 to $1,350.00 and gave the stock a "buy" rating in a report on Monday, April 21st. JPMorgan Chase & Co. restated a "neutral" rating and set a $1,220.00 price objective (up previously from $1,150.00) on shares of Netflix in a report on Monday, May 19th. Piper Sandler set a $1,150.00 target price on Netflix and gave the stock an "overweight" rating in a research note on Monday, April 21st. Finally, Cfra Research raised shares of Netflix to a "strong-buy" rating in a research note on Monday, April 28th. Eleven research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $1,156.73.

Netflix Stock Performance

Shares of NFLX stock traded down $4.85 during trading hours on Thursday, hitting $1,215.03. The company's stock had a trading volume of 2,079,198 shares, compared to its average volume of 3,762,528. The company has a 50 day moving average of $1,113.54 and a 200 day moving average of $996.91. The stock has a market cap of $517.08 billion, a PE ratio of 61.27, a price-to-earnings-growth ratio of 2.12 and a beta of 1.59. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. Netflix, Inc. has a 12-month low of $587.04 and a 12-month high of $1,262.81.

Netflix (NASDAQ:NFLX - Get Free Report) last released 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 company had revenue of $10.54 billion during the quarter, compared to analysts' expectations 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 company earned $8.28 earnings per share. On average, sell-side analysts forecast that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Activity at Netflix

In other news, Director Jay C. Hoag sold 31,750 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $1,252.35, for a total transaction of $39,762,112.50. Following the transaction, the director now directly owns 63,040 shares in the company, valued at $78,948,144. The trade was 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, CFO Spencer Adam Neumann sold 2,601 shares of the business's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $921.72, for a total value of $2,397,393.72. Following the transaction, the chief financial officer now directly owns 3,691 shares in the company, valued at $3,402,068.52. This trade represents a 41.34% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 185,140 shares of company stock valued at $210,271,552. 1.37% of the stock is owned by company insiders.

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.