Migdal Insurance & Financial Holdings Ltd. Buys 362 Shares of Netflix, Inc. (NASDAQ:NFLX)

Migdal Insurance & Financial Holdings Ltd. lifted its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 12,066.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 365 shares of the Internet television network's stock after acquiring an additional 362 shares during the period. Migdal Insurance & Financial Holdings Ltd.'s holdings in Netflix were worth $340,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NFLX. Halbert Hargrove Global Advisors LLC boosted its stake in shares of Netflix by 100.0% during 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 during the period. Brown Shipley& Co Ltd bought a new position in Netflix in the fourth quarter worth approximately $27,000. Transce3nd LLC bought a new stake in Netflix during the 4th quarter valued at $32,000. Copia Wealth Management purchased a new stake in shares of Netflix in the 4th quarter worth $37,000. Finally, Stuart Chaussee & Associates Inc. grew its position in shares of Netflix by 4,500.0% during the 4th 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. Hedge funds and other institutional investors own 80.93% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on NFLX. UBS Group restated a "market underperform" rating on shares of Netflix in a report on Saturday. Moffett Nathanson reissued a "buy" rating and issued a $1,150.00 price target (up from $1,100.00) on shares of Netflix in a report on Friday, April 18th. The Goldman Sachs Group raised their price target on shares of Netflix from $1,000.00 to $1,140.00 and gave the company a "neutral" rating in a research report on Wednesday, July 2nd. Evercore ISI reissued an "outperform" rating on shares of Netflix in a research note on Thursday, May 15th. Finally, Pivotal Research reiterated a "buy" rating on shares of Netflix in a research report on Thursday, July 10th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Netflix presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,297.66.

Insiders Place Their Bets

In other Netflix news, Director Strive Masiyiwa sold 290 shares of the firm's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $1,336.54, for a total transaction of $387,596.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Jeffrey William Karbowski sold 620 shares of the firm's stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $1,286.84, for a total transaction of $797,840.80. The disclosure for this sale can be found here. Insiders have sold a total of 186,563 shares of company stock worth $223,147,201 in the last quarter. Corporate insiders own 1.37% of the company's stock.

Netflix Stock Performance

Shares of NASDAQ NFLX traded up $24.34 during trading on Monday, reaching $1,233.58. The stock had a trading volume of 3,673,882 shares, compared to its average volume of 3,763,442. The firm's 50 day moving average price is $1,232.59 and its two-hundred day moving average price is $1,063.17. Netflix, Inc. has a one year low of $587.04 and a one year high of $1,341.15. The stock has a market cap of $524.98 billion, a PE ratio of 52.68, a P/E/G ratio of 2.15 and a beta of 1.59. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.20 and a current ratio of 1.34.

Netflix (NASDAQ:NFLX - Get Free Report) last released its earnings results on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, beating the consensus estimate of $7.07 by $0.12. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The firm had revenue of $11.08 billion for the quarter, compared to analysts' expectations of $11.04 billion. During the same quarter last year, the company earned $4.88 EPS. Netflix's quarterly revenue was up 15.9% on a year-over-year basis. On average, research analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

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.