Insigneo Advisory Services LLC Boosts Position in Netflix, Inc. (NASDAQ:NFLX)

Insigneo Advisory Services LLC grew its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 9.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,526 shares of the Internet television network's stock after buying an additional 624 shares during the period. Netflix makes up 0.7% of Insigneo Advisory Services LLC's holdings, making the stock its 20th biggest position. Insigneo Advisory Services LLC's holdings in Netflix were worth $7,018,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Pacific Capital Wealth Advisors Inc. boosted its stake in shares of Netflix by 6.7% during the first quarter. Pacific Capital Wealth Advisors Inc. now owns 368 shares of the Internet television network's stock valued at $343,000 after purchasing an additional 23 shares in the last quarter. Halbert Hargrove Global Advisors LLC lifted its holdings in Netflix by 100.0% in the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock valued at $25,000 after buying an additional 13 shares during the period. NBT Bank N A NY boosted its position in shares of Netflix by 17.8% during the 1st quarter. NBT Bank N A NY now owns 3,847 shares of the Internet television network's stock valued at $3,587,000 after purchasing an additional 580 shares in the last quarter. Strategic Advisors LLC grew its position in shares of Netflix by 95.1% during the 1st quarter. Strategic Advisors LLC now owns 2,168 shares of the Internet television network's stock worth $2,022,000 after buying an additional 1,057 shares during the period. Finally, Consilium Wealth Advisory LLC acquired a new stake in Netflix in the first quarter worth $498,000. 80.93% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on NFLX. Oppenheimer upped their target price on Netflix from $1,200.00 to $1,425.00 and gave the stock an "outperform" rating in a research report on Thursday, June 12th. Wedbush reiterated an "outperform" rating and set a $1,200.00 price target on shares of Netflix in a report on Monday, May 5th. Loop Capital reissued a "hold" rating on shares of Netflix in a research report on Monday, March 24th. Wells Fargo & Company increased their target price on shares of Netflix from $1,210.00 to $1,222.00 and gave the stock an "overweight" rating in a research report on Monday, April 21st. Finally, FBN Securities assumed coverage on Netflix in a report on Thursday, March 27th. They issued an "outperform" rating and a $1,165.00 price target for the company. Eleven investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $1,156.73.

Insiders Place Their Bets

In other Netflix news, Director Jay C. Hoag sold 32,515 shares of the business's stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $1,101.97, for a total transaction of $35,830,554.55. Following the sale, the director now directly owns 79,040 shares of the company's stock, valued at $87,099,708.80. The trade was a 29.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Ann Mather sold 1,090 shares of Netflix stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $1,250.00, for a total value of $1,362,500.00. The disclosure for this sale can be found here. Insiders have sold a total of 185,140 shares of company stock valued at $210,271,552 in the last quarter. 1.37% of the stock is currently owned by insiders.

Netflix Stock Performance

Shares of NASDAQ NFLX traded up $1.62 during trading on Wednesday, hitting $1,222.29. The company had a trading volume of 2,277,207 shares, compared to its average volume of 3,745,432. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.20 and a current ratio of 1.20. Netflix, Inc. has a 12 month low of $587.04 and a 12 month high of $1,262.81. The firm has a market capitalization of $520.17 billion, a P/E ratio of 57.76, a price-to-earnings-growth ratio of 2.36 and a beta of 1.59. The stock has a 50 day simple moving average of $1,132.97 and a 200 day simple moving average of $1,004.83.

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 (EPS) for the quarter, beating the consensus estimate of $5.74 by $0.87. The company had revenue of $10.54 billion for the quarter, compared to the consensus estimate of $10.51 billion. Netflix had a return on equity of 39.61% and a net margin of 23.07%. During the same quarter last year, the company earned $8.28 EPS. As a group, analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current year.

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.