RMR Wealth Builders Buys 299 Shares of Netflix, Inc. (NASDAQ:NFLX)

RMR Wealth Builders raised its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 6.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,162 shares of the Internet television network's stock after buying an additional 299 shares during the quarter. RMR Wealth Builders' holdings in Netflix were worth $4,814,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. GAMMA Investing LLC boosted its holdings in shares of Netflix by 109,524.3% during the first quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network's stock worth $8,239,576,000 after purchasing an additional 8,827,662 shares during the period. Norges Bank acquired a new position in Netflix during the fourth quarter valued at approximately $5,019,087,000. Proficio Capital Partners LLC grew its holdings in Netflix by 123,836.7% during the fourth quarter. Proficio Capital Partners LLC now owns 1,925,977 shares of the Internet television network's stock valued at $1,716,662,000 after purchasing an additional 1,924,423 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in Netflix by 59.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,301,098 shares of the Internet television network's stock valued at $2,051,016,000 after purchasing an additional 856,307 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its position in shares of Netflix by 318.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 976,924 shares of the Internet television network's stock valued at $870,752,000 after acquiring an additional 743,724 shares during the period. 80.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on NFLX. Piper Sandler set a $1,150.00 price objective on Netflix and gave the company an "overweight" rating in a research report on Monday, April 21st. Phillip Securities raised Netflix from a "moderate sell" rating to a "hold" rating in a report on Monday, April 21st. Canaccord Genuity Group raised their target price on Netflix from $1,200.00 to $1,380.00 and gave the company a "buy" rating in a research note on Friday, May 16th. Benchmark restated a "hold" rating on shares of Netflix in a research note on Monday, April 21st. Finally, Barclays boosted their price objective on Netflix from $900.00 to $1,000.00 and gave the stock an "equal weight" rating in a report on Monday, April 21st. 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 company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $1,156.73.

Netflix Stock Down 0.2%

NASDAQ NFLX traded down $2.88 during trading on Friday, hitting $1,212.15. The stock had a trading volume of 2,209,188 shares, compared to its average volume of 3,763,911. The company has a market capitalization of $515.86 billion, a PE ratio of 61.13, a P/E/G ratio of 2.12 and a beta of 1.59. The company's 50-day moving average price is $1,113.54 and its two-hundred day moving average price is $996.91. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. Netflix, Inc. has a 12 month low of $587.04 and a 12 month high of $1,262.81.

Netflix (NASDAQ:NFLX - Get Free Report) last released its earnings results on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, beating the consensus estimate of $5.74 by $0.87. The firm had revenue of $10.54 billion for the quarter, compared to analysts' expectations of $10.51 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. During the same quarter in the previous year, the business posted $8.28 EPS. As a group, sell-side analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.

Insiders Place Their Bets

In related news, Director Ann Mather sold 1,090 shares of the business's 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 transaction of $1,362,500.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Jeffrey William Karbowski sold 160 shares of the company's stock in a transaction on Monday, April 21st. The shares were sold at an average price of $1,000.00, for a total value of $160,000.00. The disclosure for this sale can be found here. Insiders have sold 185,140 shares of company stock valued at $210,271,552 in the last 90 days. 1.37% of the stock is currently owned by insiders.

About Netflix

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.