Harbor Capital Advisors Inc. Buys 2,410 Shares of Netflix, Inc. (NASDAQ:NFLX)

Harbor Capital Advisors Inc. raised its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 41.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,240 shares of the Internet television network's stock after purchasing an additional 2,410 shares during the period. Harbor Capital Advisors Inc.'s holdings in Netflix were worth $7,684,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of NFLX. Brown Shipley& Co Ltd acquired a new stake in shares of Netflix during the fourth quarter worth $27,000. Pathway Financial Advisers LLC boosted its holdings in Netflix by 82.4% during the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock worth $27,000 after buying an additional 14 shares during the last quarter. Transce3nd LLC acquired a new position in shares of Netflix during the 4th quarter worth about $32,000. Pineridge Advisors LLC increased its stake in shares of Netflix by 4,000.0% in the 4th quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network's stock valued at $37,000 after acquiring an additional 40 shares during the last quarter. Finally, Copia Wealth Management acquired a new stake in shares of Netflix in the 4th quarter valued at approximately $37,000. Institutional investors own 80.93% of the company's stock.

Insider Activity at Netflix

In related news, Director Jay C. Hoag sold 31,750 shares of Netflix stock in a transaction dated 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 completion of the transaction, the director now owns 63,040 shares in the company, valued at approximately $78,948,144. This trade represents a 33.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Jeffrey William Karbowski sold 160 shares of the company's stock in a transaction that occurred on Monday, April 21st. The shares were sold at an average price of $1,000.00, for a total value of $160,000.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 185,140 shares of company stock valued at $210,271,552. 1.37% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

NFLX has been the subject of a number of analyst reports. Moffett Nathanson restated a "buy" rating and set a $1,150.00 price objective (up previously from $1,100.00) on shares of Netflix in a report on Friday, April 18th. Wolfe Research set a $1,340.00 price target on shares of Netflix and gave the stock an "outperform" rating in a research report on Friday, May 16th. Loop Capital restated a "hold" rating on shares of Netflix in a research report on Monday, March 24th. Evercore ISI reaffirmed an "outperform" rating on shares of Netflix in a research note on Thursday, May 15th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $1,126.00 target price on shares of Netflix in a report on Thursday, April 17th. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $1,149.91.

Netflix Stock Up 1.3%

Shares of NASDAQ:NFLX traded up $15.72 during midday trading on Wednesday, reaching $1,219.34. The company had a trading volume of 759,636 shares, compared to its average volume of 3,750,169. Netflix, Inc. has a 1-year low of $587.04 and a 1-year high of $1,262.81. The stock has a market cap of $518.92 billion, a PE ratio of 61.52, a P/E/G ratio of 2.12 and a beta of 1.59. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. The business's 50 day moving average price is $1,099.31 and its 200 day moving average price is $992.93.

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 for the quarter, topping the consensus estimate of $5.74 by $0.87. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The firm had revenue of $10.54 billion for the quarter, compared to analyst estimates of $10.51 billion. During the same quarter in the previous year, the firm earned $8.28 EPS. Research analysts forecast that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

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.