Perigon Wealth Management LLC Grows Holdings in Netflix, Inc. (NASDAQ:NFLX)

Perigon Wealth Management LLC raised its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 2.7% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,266 shares of the Internet television network's stock after buying an additional 323 shares during the period. Perigon Wealth Management LLC's holdings in Netflix were worth $11,438,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Janus Henderson Group PLC increased its holdings in Netflix by 8.7% in the fourth quarter. Janus Henderson Group PLC now owns 1,377,081 shares of the Internet television network's stock valued at $1,227,468,000 after buying an additional 110,432 shares in the last quarter. PharVision Advisers LLC acquired a new stake in shares of Netflix in the fourth quarter valued at about $873,000. New England Research & Management Inc. grew its position in shares of Netflix by 148.5% in the first quarter. New England Research & Management Inc. now owns 2,122 shares of the Internet television network's stock valued at $1,979,000 after purchasing an additional 1,268 shares during the period. First National Trust Co grew its position in shares of Netflix by 1.0% in the fourth quarter. First National Trust Co now owns 1,258 shares of the Internet television network's stock valued at $1,121,000 after purchasing an additional 12 shares during the period. Finally, Haven Private LLC acquired a new stake in shares of Netflix in the fourth quarter valued at about $733,000. Hedge funds and other institutional investors own 80.93% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on NFLX shares. Loop Capital reiterated a "hold" rating on shares of Netflix in a research report on Monday, March 24th. Cfra Research upgraded shares of Netflix to a "strong-buy" rating in a research report on Monday, April 28th. Oppenheimer lifted their target price on shares of Netflix from $1,200.00 to $1,425.00 and gave the company an "outperform" rating in a research report on Thursday, June 12th. Benchmark reiterated a "hold" rating on shares of Netflix in a research report on Monday, April 21st. Finally, Guggenheim reiterated a "buy" rating and issued a $1,150.00 target price (up previously from $1,100.00) on shares of Netflix in a research report on Friday, April 18th. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $1,172.73.

Insider Activity

In other news, Chairman Reed Hastings sold 25,360 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $921.15, for a total value of $23,360,364.00. Following the sale, the chairman now directly owns 394 shares of the company's stock, valued at approximately $362,933.10. The trade was a 98.47% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Spencer Adam Neumann sold 2,601 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $921.72, for a total transaction of $2,397,393.72. Following the completion of the sale, the chief financial officer now directly owns 3,691 shares in the company, valued at $3,402,068.52. This trade represents a 41.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 185,280 shares of company stock valued at $210,599,866. Company insiders own 1.37% of the company's stock.

Netflix Trading Up 1.3%

NASDAQ:NFLX traded up $16.45 on Friday, hitting $1,323.12. The stock had a trading volume of 4,066,251 shares, compared to its average volume of 3,747,286. 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 market cap of $563.08 billion, a price-to-earnings ratio of 62.53, a PEG ratio of 2.56 and a beta of 1.59. The company has a fifty day moving average price of $1,183.25 and a two-hundred day moving average price of $1,024.87. Netflix, Inc. has a 1-year low of $587.04 and a 1-year high of $1,331.35.

Netflix (NASDAQ:NFLX - Get Free Report) last posted 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. The company had revenue of $10.54 billion for the quarter, compared to analyst estimates of $10.51 billion. Netflix had a net margin of 23.07% and a return on equity of 39.61%. During the same period in the previous year, the business posted $8.28 EPS. Equities research analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current fiscal 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.