James Investment Research Inc. Has $1.73 Million Position in Netflix, Inc. (NASDAQ:NFLX)

James Investment Research Inc. grew its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 115.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,854 shares of the Internet television network's stock after acquiring an additional 992 shares during the period. James Investment Research Inc.'s holdings in Netflix were worth $1,729,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Fullcircle Wealth LLC boosted its stake in shares of Netflix by 2.5% in the first quarter. Fullcircle Wealth LLC now owns 369 shares of the Internet television network's stock valued at $344,000 after purchasing an additional 9 shares during the period. MRP Capital Investments LLC boosted its stake in Netflix by 1.0% during the 4th quarter. MRP Capital Investments LLC now owns 1,052 shares of the Internet television network's stock valued at $938,000 after acquiring an additional 10 shares during the last quarter. Bedell Frazier Investment Counselling LLC boosted its stake in Netflix by 2.2% during the 4th quarter. Bedell Frazier Investment Counselling LLC now owns 462 shares of the Internet television network's stock valued at $412,000 after acquiring an additional 10 shares during the last quarter. Mission Creek Capital Partners Inc. boosted its stake in Netflix by 0.3% during the 4th quarter. Mission Creek Capital Partners Inc. now owns 3,826 shares of the Internet television network's stock valued at $3,410,000 after acquiring an additional 10 shares during the last quarter. Finally, Continuum Wealth Advisors LLC raised its holdings in shares of Netflix by 4.4% during the first quarter. Continuum Wealth Advisors LLC now owns 235 shares of the Internet television network's stock worth $219,000 after purchasing an additional 10 shares during the period. Institutional investors and hedge funds own 80.93% of the company's stock.

Insiders Place Their Bets

In other Netflix news, CFO Spencer Adam Neumann sold 2,601 shares of Netflix stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $1,307.22, for a total transaction of $3,400,079.22. Following the sale, the chief financial officer owned 3,691 shares in the company, valued at $4,824,949.02. The trade was a 41.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Reed Hastings sold 9,673 shares of Netflix stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $1,329.11, for a total transaction of $12,856,481.03. Following the sale, the director owned 394 shares in the company, valued at $523,669.34. This represents a 96.09% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 186,723 shares of company stock valued at $223,307,201 in the last 90 days. 1.37% of the stock is currently owned by corporate insiders.

Netflix Stock Performance

Shares of NASDAQ:NFLX traded down $65.63 during trading on Friday, reaching $1,208.55. The stock had a trading volume of 6,910,080 shares, compared to its average volume of 3,787,926. Netflix, Inc. has a 52 week low of $587.04 and a 52 week high of $1,341.15. The firm has a market capitalization of $514.32 billion, a price-to-earnings ratio of 57.18, a P/E/G ratio of 2.26 and a beta of 1.59. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.58. The stock has a fifty day simple moving average of $1,231.20 and a two-hundred day simple moving average of $1,058.57.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.07 by $0.12. The business had revenue of $11.08 billion for the quarter, compared to the consensus estimate of $11.04 billion. Netflix had a net margin of 23.07% and a return on equity of 39.61%. Netflix's quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter last year, the company posted $4.88 earnings per share. As a group, analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Analysts Set New Price Targets

NFLX has been the topic of a number of analyst reports. Citigroup reaffirmed a "neutral" rating and issued a $1,250.00 price objective (up previously from $1,020.00) on shares of Netflix in a report on Thursday, May 29th. Wells Fargo & Company increased their price objective on shares of Netflix from $1,222.00 to $1,500.00 and gave the stock an "overweight" rating in a report on Friday, June 20th. Canaccord Genuity Group reaffirmed a "buy" rating on shares of Netflix in a report on Thursday, July 10th. Phillip Securities raised shares of Netflix from a "moderate sell" rating to a "hold" rating in a report on Monday, April 21st. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $1,500.00 price objective on shares of Netflix in a report on Friday. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,269.09.

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.