Gradient Investments LLC Raises Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Gradient Investments LLC boosted its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 5.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,773 shares of the Internet television network's stock after buying an additional 1,465 shares during the quarter. Gradient Investments LLC's holdings in Netflix were worth $24,967,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. West Michigan Advisors LLC boosted its stake in Netflix by 1.3% in the fourth quarter. West Michigan Advisors LLC now owns 776 shares of the Internet television network's stock valued at $692,000 after acquiring an additional 10 shares in the last quarter. Warwick Investment Management Inc. raised its holdings in Netflix by 3.5% during the fourth quarter. Warwick Investment Management Inc. now owns 298 shares of the Internet television network's stock worth $266,000 after purchasing an additional 10 shares in the last quarter. MRP Capital Investments LLC raised its holdings in Netflix by 1.0% during the fourth quarter. MRP Capital Investments LLC now owns 1,052 shares of the Internet television network's stock worth $938,000 after purchasing an additional 10 shares in the last quarter. Bedell Frazier Investment Counselling LLC increased its holdings in Netflix by 2.2% in the fourth quarter. Bedell Frazier Investment Counselling LLC now owns 462 shares of the Internet television network's stock valued at $412,000 after buying an additional 10 shares in the last quarter. Finally, Mission Creek Capital Partners Inc. increased its holdings in Netflix by 0.3% in the fourth quarter. Mission Creek Capital Partners Inc. now owns 3,826 shares of the Internet television network's stock valued at $3,410,000 after buying an additional 10 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company's stock.

Netflix Stock Performance

NASDAQ NFLX traded up $9.46 during trading hours on Thursday, hitting $1,249.12. The company's stock had a trading volume of 1,824,992 shares, compared to its average volume of 3,741,604. Netflix, Inc. has a 12 month low of $587.04 and a 12 month high of $1,262.59. The company's 50 day simple moving average is $1,075.18 and its two-hundred day simple moving average is $982.47. The company has a market cap of $531.59 billion, a P/E ratio of 62.99, a price-to-earnings-growth ratio of 2.12 and a beta of 1.58. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22.

Netflix (NASDAQ:NFLX - Get Free Report) last released 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 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 38.32% and a net margin of 22.34%. During the same period in the previous year, the company posted $8.28 EPS. As a group, sell-side analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Activity at Netflix

In related news, CAO Jeffrey William Karbowski sold 480 shares of the stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $978.18, for a total transaction of $469,526.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Spencer Adam Neumann sold 2,601 shares of Netflix 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 sale, the chief financial officer now owns 3,691 shares of the company's stock, valued at approximately $3,402,068.52. This trade represents a 41.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 152,300 shares of company stock worth $169,146,939. 1.37% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

NFLX has been the subject of a number of recent research reports. Cfra Research raised shares of Netflix to a "strong-buy" rating in a research note on Monday, April 28th. Wolfe Research set a $1,340.00 target price on shares of Netflix and gave the company an "outperform" rating in a report on Friday, May 16th. Canaccord Genuity Group boosted their target price on shares of Netflix from $1,200.00 to $1,380.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. Loop Capital reiterated a "hold" rating on shares of Netflix in a report on Monday, March 24th. Finally, Oppenheimer reiterated an "outperform" rating and issued a $1,200.00 price objective (up previously from $1,150.00) on shares of Netflix in a report on Friday, April 18th. 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 data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $1,149.91.

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.