Netflix, Inc. (NASDAQ:NFLX) Shares Bought by Prosperity Wealth Management Inc.

Prosperity Wealth Management Inc. lifted its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 35.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,127 shares of the Internet television network's stock after acquiring an additional 296 shares during the period. Prosperity Wealth Management Inc.'s holdings in Netflix were worth $1,051,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in NFLX. Halbert Hargrove Global Advisors LLC increased its position in shares of Netflix by 100.0% in the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock worth $25,000 after acquiring an additional 13 shares in the last quarter. Brown Shipley& Co Ltd acquired a new stake in shares of Netflix in the fourth quarter worth $27,000. Transce3nd LLC acquired a new stake in shares of Netflix in the fourth quarter worth $32,000. Copia Wealth Management purchased a new position in shares of Netflix in the fourth quarter valued at $37,000. Finally, Stuart Chaussee & Associates Inc. boosted its stake in shares of Netflix by 4,500.0% in the fourth quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock valued at $41,000 after purchasing an additional 45 shares during the period. Institutional investors and hedge funds own 80.93% of the company's stock.

Netflix Stock Down 0.4%

Shares of NASDAQ:NFLX opened at $1,220.67 on Wednesday. The stock has a market capitalization of $519.48 billion, a price-to-earnings ratio of 57.69, a price-to-earnings-growth ratio of 2.37 and a beta of 1.59. Netflix, Inc. has a 1-year low of $587.04 and a 1-year high of $1,262.81. The company's fifty day moving average is $1,132.97 and its two-hundred day moving average is $1,004.83. 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 (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, topping analysts' consensus estimates of $5.74 by $0.87. The company had revenue of $10.54 billion for the quarter, compared to analysts' expectations 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 prior year, the company earned $8.28 earnings per share. Equities analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current year.

Insiders Place Their Bets

In related news, CAO Jeffrey William Karbowski sold 480 shares of the stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $978.18, for a total value of $469,526.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Jay C. Hoag sold 32,515 shares of the stock in a transaction dated 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 completion of the sale, the director now directly owns 79,040 shares in the company, valued at approximately $87,099,708.80. This trade represents a 29.15% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 185,140 shares of company stock valued at $210,271,552. Company insiders own 1.37% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on NFLX. Rosenblatt Securities upped their target price on shares of Netflix from $1,494.00 to $1,514.00 and gave the company a "buy" rating in a research note on Monday, April 21st. Pivotal Research upped their target price on shares of Netflix from $1,250.00 to $1,350.00 and gave the company a "buy" rating in a research note on Monday, April 21st. Jefferies Financial Group upped their target price on shares of Netflix from $1,200.00 to $1,400.00 and gave the company a "buy" rating in a research note on Tuesday, June 3rd. Loop Capital restated a "hold" rating on shares of Netflix in a research note on Monday, March 24th. Finally, Morgan Stanley upped their target price on shares of Netflix from $1,150.00 to $1,200.00 and gave the company an "overweight" rating in a research note on Monday, April 21st. Eleven analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Netflix presently has a consensus rating of "Moderate Buy" and an average target price of $1,156.73.

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.

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