GCQ FUNDS MANAGEMENT PTY Ltd Purchases 5,303 Shares of Netflix, Inc. (NASDAQ:NFLX)

GCQ FUNDS MANAGEMENT PTY Ltd boosted its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 29.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 23,367 shares of the Internet television network's stock after acquiring an additional 5,303 shares during the period. Netflix accounts for about 5.3% of GCQ FUNDS MANAGEMENT PTY Ltd's portfolio, making the stock its 7th largest holding. GCQ FUNDS MANAGEMENT PTY Ltd's holdings in Netflix were worth $21,790,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in NFLX. Halbert Hargrove Global Advisors LLC boosted its position in shares of Netflix by 100.0% during the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock worth $25,000 after buying an additional 13 shares during the period. Brown Shipley& Co Ltd acquired a new position in Netflix during the 4th quarter worth about $27,000. Transce3nd LLC purchased a new position in Netflix during the 4th quarter valued at about $32,000. Copia Wealth Management acquired a new position in Netflix in the 4th quarter valued at about $37,000. Finally, Stuart Chaussee & Associates Inc. grew its position in Netflix by 4,500.0% in the 4th quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock valued at $41,000 after acquiring an additional 45 shares in the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Netflix news, Director Jay C. Hoag sold 31,750 shares of Netflix stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $1,252.35, for a total value of $39,762,112.50. Following the transaction, the director directly owned 63,040 shares in the company, valued at approximately $78,948,144. The trade was a 33.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Reed Hastings sold 26,933 shares of the company's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $1,211.66, for a total transaction of $32,633,638.78. Following the completion of the sale, the director directly owned 394 shares of the company's stock, valued at $477,394.04. The trade was a 98.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 157,319 shares of company stock worth $184,842,109 over the last 90 days. 1.37% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts have recently issued reports on NFLX shares. Macquarie increased their price target on shares of Netflix from $1,150.00 to $1,200.00 and gave the stock an "outperform" rating in a research report on Monday, April 21st. Evercore ISI reiterated an "outperform" rating on shares of Netflix in a report on Thursday, May 15th. Robert W. Baird boosted their price target on shares of Netflix from $1,200.00 to $1,300.00 and gave the stock an "outperform" rating in a research note on Friday, May 16th. Bank of America upped their price objective on Netflix from $1,175.00 to $1,490.00 and gave the stock a "buy" rating in a research report on Friday, May 30th. Finally, Pivotal Research increased their price objective on Netflix from $1,350.00 to $1,600.00 and gave the company a "buy" rating in a research note on Friday, June 20th. Eleven analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $1,172.73.

Netflix Stock Performance

Shares of NASDAQ NFLX traded down $45.53 during trading hours on Tuesday, reaching $1,293.60. The stock had a trading volume of 4,989,809 shares, compared to its average volume of 3,750,399. The firm has a 50-day moving average of $1,190.27 and a 200-day moving average of $1,027.81. The firm has a market cap of $550.52 billion, a price-to-earnings ratio of 61.13, a PEG ratio of 2.56 and a beta of 1.59. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.58. Netflix, Inc. has a fifty-two week low of $587.04 and a fifty-two week high of $1,342.50.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, beating the consensus estimate of $5.74 by $0.87. The business had revenue of $10.54 billion during the quarter, compared to the consensus estimate 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 prior year, the company earned $8.28 earnings per share. Equities research analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current year.

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.