HCR Wealth Advisors Boosts Stock Position in Netflix, Inc. (NASDAQ:NFLX)

HCR Wealth Advisors lifted its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 10.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,414 shares of the Internet television network's stock after buying an additional 319 shares during the quarter. HCR Wealth Advisors' holdings in Netflix were worth $3,184,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Halbert Hargrove Global Advisors LLC raised its position 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 worth $25,000 after acquiring an additional 13 shares during the period. Brown Shipley& Co Ltd acquired a new stake in shares of Netflix during the 4th quarter valued at about $27,000. Transce3nd LLC purchased a new position in shares of Netflix in the 4th quarter valued at about $32,000. Copia Wealth Management purchased a new position in shares of Netflix in the 4th quarter valued at about $37,000. Finally, Stuart Chaussee & Associates Inc. raised its holdings 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 worth $41,000 after purchasing an additional 45 shares during the period. 80.93% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Netflix news, CAO Jeffrey William Karbowski sold 480 shares of the company's stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $978.18, for a total value of $469,526.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Gregory K. Peters sold 2,027 shares of Netflix stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $1,141.51, for a total transaction of $2,313,840.77. Following the sale, the chief executive officer now owns 12,781 shares of the company's stock, valued at approximately $14,589,639.31. This represents a 13.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 185,140 shares of company stock worth $210,271,552. Company insiders own 1.37% of the company's stock.

Netflix Trading Up 0.1%

Netflix stock traded up $1.62 during midday trading on Thursday, hitting $1,222.29. 2,277,207 shares of the stock were exchanged, compared to its average volume of 3,745,034. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $520.17 billion, a price-to-earnings ratio of 57.76, a PEG ratio of 2.36 and a beta of 1.59. The stock's 50-day simple moving average is $1,138.51 and its 200 day simple moving average is $1,006.33. Netflix, Inc. has a fifty-two week low of $587.04 and a fifty-two week high of $1,262.81.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, topping 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 net margin of 23.07% and a return on equity of 39.61%. During the same quarter last year, the firm earned $8.28 EPS. On average, equities analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have commented on NFLX. Pivotal Research raised their price objective on Netflix from $1,250.00 to $1,350.00 and gave the company a "buy" rating in a report on Monday, April 21st. KeyCorp lifted their price target on shares of Netflix from $1,000.00 to $1,070.00 and gave the company an "overweight" rating in a research note on Monday, April 21st. Citigroup restated a "neutral" rating and set a $1,250.00 price objective (up from $1,020.00) on shares of Netflix in a research report on Thursday, May 29th. Guggenheim reiterated a "buy" rating and issued a $1,150.00 target price (up previously from $1,100.00) on shares of Netflix in a research report on Friday, April 18th. Finally, Jefferies Financial Group boosted their target price on shares of Netflix from $1,200.00 to $1,400.00 and gave the stock a "buy" rating in a research note on Tuesday, June 3rd. Eleven equities research 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's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $1,156.73.

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.