Netflix, Inc. (NASDAQ:NFLX) Shares Bought by Smith Group Asset Management LLC

Smith Group Asset Management LLC raised its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 5.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,181 shares of the Internet television network's stock after buying an additional 1,797 shares during the quarter. Netflix comprises about 2.5% of Smith Group Asset Management LLC's portfolio, making the stock its 12th biggest holding. Smith Group Asset Management LLC's holdings in Netflix were worth $33,740,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Janus Henderson Group PLC lifted its position in Netflix by 8.7% during the fourth quarter. Janus Henderson Group PLC now owns 1,377,081 shares of the Internet television network's stock worth $1,227,468,000 after buying an additional 110,432 shares in the last quarter. PharVision Advisers LLC purchased a new stake in Netflix in the 4th quarter valued at $873,000. New England Research & Management Inc. increased its stake in shares of Netflix by 148.5% in the 1st quarter. New England Research & Management Inc. now owns 2,122 shares of the Internet television network's stock worth $1,979,000 after acquiring an additional 1,268 shares during the last quarter. First National Trust Co increased its stake in shares of Netflix by 1.0% in the 4th quarter. First National Trust Co now owns 1,258 shares of the Internet television network's stock worth $1,121,000 after acquiring an additional 12 shares during the last quarter. Finally, Haven Private LLC purchased a new position in shares of Netflix during the 4th quarter worth $733,000. Hedge funds and other institutional investors own 80.93% of the company's stock.

Insider Buying and Selling

In other Netflix news, Director Jay C. Hoag sold 32,515 shares of the stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $1,101.97, for a total value of $35,830,554.55. Following the sale, the director directly owned 79,040 shares of the company's stock, valued at approximately $87,099,708.80. This represents a 29.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Bradford L. Smith sold 3,919 shares of Netflix stock in a transaction on Monday, May 12th. The stock was sold at an average price of $1,124.26, for a total transaction of $4,405,974.94. Following the sale, the director directly owned 7,969 shares of the company's stock, valued at approximately $8,959,227.94. This trade represents a 32.97% 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 valued at $184,842,109 over the last ninety days. 1.37% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on NFLX shares. Guggenheim reissued a "buy" rating and set a $1,150.00 price target (up previously from $1,100.00) on shares of Netflix in a research report on Friday, April 18th. Piper Sandler set a $1,150.00 target price on shares of Netflix and gave the company an "overweight" rating in a report on Monday, April 21st. UBS Group increased their price target on shares of Netflix from $1,150.00 to $1,450.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. FBN Securities began coverage on shares of Netflix in a report on Thursday, March 27th. They set an "outperform" rating and a $1,165.00 price target for the company. Finally, Oppenheimer upped their price objective on Netflix from $1,200.00 to $1,425.00 and gave the company an "outperform" rating in a report on Thursday, June 12th. Eleven analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $1,172.73.

Netflix Stock Down 3.4%

Shares of NASDAQ NFLX traded down $45.53 during mid-day trading on Tuesday, hitting $1,293.60. The company had a trading volume of 4,989,809 shares, compared to its average volume of 3,750,398. The company has a market capitalization of $550.52 billion, a PE ratio of 61.13, a price-to-earnings-growth ratio of 2.56 and a beta of 1.59. The business's 50-day simple moving average is $1,190.27 and its 200 day simple moving average is $1,027.81. Netflix, Inc. has a 1-year low of $587.04 and a 1-year high of $1,342.50. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.20 and a quick ratio of 1.20.

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

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.