Netflix, Inc. (NASDAQ:NFLX) Position Increased by Northeast Investment Management

Northeast Investment Management boosted its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 37.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,331 shares of the Internet television network's stock after acquiring an additional 3,628 shares during the quarter. Northeast Investment Management's holdings in Netflix were worth $12,432,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Pathway Financial Advisers LLC lifted its position in Netflix by 82.4% during the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock worth $27,000 after acquiring an additional 14 shares during the period. Brown Shipley& Co Ltd acquired a new stake in Netflix during the 4th quarter worth approximately $27,000. Transce3nd LLC acquired a new stake in Netflix during the 4th quarter worth approximately $32,000. Pineridge Advisors LLC lifted its position in Netflix by 4,000.0% during the 4th quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network's stock worth $37,000 after acquiring an additional 40 shares during the period. Finally, Copia Wealth Management acquired a new stake in Netflix during the 4th quarter worth approximately $37,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Rosenblatt Securities raised their price target on Netflix from $1,494.00 to $1,514.00 and gave the company a "buy" rating in a report on Monday, April 21st. Canaccord Genuity Group raised their price target on Netflix from $1,200.00 to $1,380.00 and gave the company a "buy" rating in a report on Friday, May 16th. Wedbush reissued an "outperform" rating and issued a $1,200.00 price target on shares of Netflix in a report on Monday, May 5th. Phillip Securities raised Netflix from a "moderate sell" rating to a "hold" rating in a report on Monday, April 21st. Finally, Loop Capital reissued a "hold" rating on shares of Netflix in a report on Monday, March 24th. Eleven investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Netflix has an average rating of "Moderate Buy" and an average target price of $1,156.73.

Netflix Stock Performance

NFLX stock traded down $4.85 on Thursday, reaching $1,215.03. The company's stock had a trading volume of 2,079,198 shares, compared to its average volume of 3,762,528. Netflix, Inc. has a 52 week low of $587.04 and a 52 week high of $1,262.81. The company has a market capitalization of $517.08 billion, a P/E ratio of 61.27, a price-to-earnings-growth ratio of 2.12 and a beta of 1.59. The firm has a fifty day moving average of $1,113.54 and a two-hundred day moving average of $996.91. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings data 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. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The business had revenue of $10.54 billion during the quarter, compared to analyst estimates of $10.51 billion. During the same period in the prior year, the company posted $8.28 EPS. As a group, analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Activity

In other news, CAO Jeffrey William Karbowski sold 480 shares of the firm's stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $978.18, for a total transaction of $469,526.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Ann Mather sold 1,358 shares of the firm's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $1,150.00, for a total value of $1,561,700.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 185,140 shares of company stock worth $210,271,552. 1.37% of the stock is owned by company insiders.

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.