Netflix, Inc. (NASDAQ:NFLX) Stock Holdings Increased by Global Assets Advisory LLC

Global Assets Advisory LLC lifted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 170.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,425 shares of the Internet television network's stock after buying an additional 1,530 shares during the period. Global Assets Advisory LLC's holdings in Netflix were worth $2,219,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Halbert Hargrove Global Advisors LLC lifted its holdings in shares of Netflix by 100.0% in the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock valued at $25,000 after purchasing an additional 13 shares in the last quarter. Brown Shipley& Co Ltd purchased a new position in Netflix during the fourth quarter worth $27,000. Transce3nd LLC purchased a new position in Netflix during the fourth quarter worth $32,000. Copia Wealth Management purchased a new position in Netflix during the fourth quarter worth $37,000. Finally, Stuart Chaussee & Associates Inc. increased its position in Netflix by 4,500.0% during the fourth quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock worth $41,000 after buying an additional 45 shares in the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Netflix Stock Up 1.3%

Shares of NFLX traded up $16.45 during midday trading on Friday, reaching $1,323.12. 4,066,251 shares of the company were exchanged, compared to its average volume of 3,745,947. The stock has a 50-day moving average price of $1,183.25 and a 200-day moving average price of $1,023.58. The company has a market cap of $563.08 billion, a price-to-earnings ratio of 62.53, a P/E/G ratio of 2.53 and a beta of 1.59. Netflix, Inc. has a 1-year low of $587.04 and a 1-year high of $1,331.35. 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 (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, topping analysts' consensus estimates of $5.74 by $0.87. The company had revenue of $10.54 billion for 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 quarter in the previous year, the firm posted $8.28 earnings per share. Research analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have weighed in on NFLX shares. Rosenblatt Securities raised their price target on Netflix from $1,494.00 to $1,514.00 and gave the stock a "buy" rating in a research report on Monday, April 21st. Phillip Securities raised Netflix from a "moderate sell" rating to a "hold" rating in a research report on Monday, April 21st. BMO Capital Markets reissued an "outperform" rating and set a $1,200.00 price target (up previously from $1,175.00) on shares of Netflix in a research report on Friday, April 18th. UBS Group raised their price target on Netflix from $1,150.00 to $1,450.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Finally, JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $1,220.00 price objective (up previously from $1,150.00) on shares of Netflix in a research report on Monday, May 19th. Eleven analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,172.73.

Insider Buying and Selling

In related news, CAO Jeffrey William Karbowski sold 620 shares of the business's stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $1,286.84, for a total value of $797,840.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Spencer Adam Neumann sold 2,601 shares of the business's stock in a transaction dated 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 completion of the transaction, the chief financial officer now owns 3,691 shares in the company, valued at approximately $3,402,068.52. This trade represents a 41.34% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 185,280 shares of company stock worth $210,599,866. 1.37% of the stock is currently owned by corporate insiders.

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.