New England Research & Management Inc. Buys 1,268 Shares of Netflix, Inc. (NASDAQ:NFLX)

New England Research & Management Inc. lifted its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 148.5% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,122 shares of the Internet television network's stock after acquiring an additional 1,268 shares during the quarter. Netflix makes up about 1.0% of New England Research & Management Inc.'s holdings, making the stock its 28th biggest holding. New England Research & Management Inc.'s holdings in Netflix were worth $1,979,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in NFLX. Brown Shipley& Co Ltd purchased a new stake in Netflix in the 4th quarter worth approximately $27,000. Pathway Financial Advisers LLC lifted its position in Netflix by 82.4% in the 4th 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 in the last quarter. Transce3nd LLC purchased a new stake in Netflix in the 4th quarter worth approximately $32,000. Copia Wealth Management purchased a new stake in Netflix in the 4th quarter worth approximately $37,000. Finally, Stuart Chaussee & Associates Inc. lifted its position 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 buying an additional 45 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company's stock.

Insider Activity

In related news, insider Cletus R. Willems sold 298 shares of Netflix stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $1,138.00, for a total transaction of $339,124.00. Following the completion of the transaction, the insider now directly owns 31,610 shares of the company's stock, valued at $35,972,180. This trade represents a 0.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Jeffrey William Karbowski sold 480 shares of Netflix stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $978.18, for a total transaction of $469,526.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 185,140 shares of company stock worth $210,271,552. Corporate insiders own 1.37% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on NFLX. Wells Fargo & Company increased their price target on shares of Netflix from $1,210.00 to $1,222.00 and gave the stock an "overweight" rating in a research note on Monday, April 21st. Citigroup restated a "neutral" rating and set a $1,250.00 price target (up previously from $1,020.00) on shares of Netflix in a research note on Thursday, May 29th. Jefferies Financial Group increased their price target 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. Cfra Research upgraded shares of Netflix to a "strong-buy" rating in a research note on Monday, April 28th. Finally, BMO Capital Markets restated an "outperform" rating and set a $1,200.00 price target (up previously from $1,175.00) on shares of Netflix in a research note on Friday, April 18th. Eleven research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Netflix has a consensus rating of "Moderate Buy" and an average target price of $1,156.73.

Netflix Price Performance

Shares of Netflix stock traded down $2.88 during trading on Friday, hitting $1,212.15. 2,209,188 shares of the company's stock traded hands, compared to its average volume of 3,761,170. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. The firm's fifty day moving average price is $1,120.37 and its 200 day moving average price is $1,000.10. Netflix, Inc. has a twelve month low of $587.04 and a twelve month high of $1,262.81. The company has a market cap of $515.86 billion, a PE ratio of 61.13, a PEG ratio of 2.12 and a beta of 1.59.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, beating the consensus estimate of $5.74 by $0.87. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The business had revenue of $10.54 billion for the quarter, compared to analyst estimates of $10.51 billion. During the same period in the previous year, the business earned $8.28 EPS. Analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current 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.