Netflix, Inc. (NASDAQ:NFLX) Shares Bought by Traveka Wealth LLC

Traveka Wealth LLC grew its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 16.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,743 shares of the Internet television network's stock after buying an additional 242 shares during the quarter. Traveka Wealth LLC's holdings in Netflix were worth $1,625,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Brighton Jones LLC grew its stake in Netflix by 5.0% in the 4th quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network's stock worth $4,804,000 after acquiring an additional 257 shares in the last quarter. Revolve Wealth Partners LLC grew its stake in Netflix by 16.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network's stock worth $912,000 after acquiring an additional 144 shares in the last quarter. BIP Wealth LLC grew its stake in Netflix by 23.8% in the 4th quarter. BIP Wealth LLC now owns 453 shares of the Internet television network's stock worth $403,000 after acquiring an additional 87 shares in the last quarter. Proficio Capital Partners LLC grew its stake in Netflix by 39.1% in the 4th quarter. Proficio Capital Partners LLC now owns 2,161 shares of the Internet television network's stock worth $1,926,000 after acquiring an additional 607 shares in the last quarter. Finally, Welch & Forbes LLC grew its stake in Netflix by 5.8% in the 4th quarter. Welch & Forbes LLC now owns 328 shares of the Internet television network's stock worth $292,000 after acquiring an additional 18 shares in the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Netflix Price Performance

Shares of NFLX stock traded down $10.40 on Tuesday, reaching $1,279.22. 1,685,176 shares of the company were exchanged, compared to its average volume of 3,752,076. Netflix, Inc. has a 1 year low of $587.04 and a 1 year high of $1,341.15. The company has a market cap of $544.40 billion, a price-to-earnings ratio of 60.45, a P/E/G ratio of 2.35 and a beta of 1.59. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.20 and a current ratio of 1.20. The business has a 50-day moving average price of $1,211.46 and a 200 day moving average price of $1,041.22.

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 forecast that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Spencer Adam Neumann sold 2,601 shares of the company's stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $1,132.38, for a total value of $2,945,320.38. Following the transaction, the chief financial officer directly owned 3,691 shares in the company, valued at approximately $4,179,614.58. This represents a 41.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Reed Hastings sold 26,977 shares of the company's stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $1,133.05, for a total transaction of $30,566,289.85. Following the completion of the transaction, the director owned 394 shares in the company, valued at approximately $446,421.70. This represents a 98.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 186,723 shares of company stock valued at $223,307,201. Company insiders own 1.37% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on NFLX shares. Bank of America upped their target price on shares of Netflix from $1,175.00 to $1,490.00 and gave the stock a "buy" rating in a research note on Friday, May 30th. UBS Group upped their target price on shares of Netflix from $1,150.00 to $1,450.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Phillip Securities upgraded shares of Netflix from a "moderate sell" rating to a "hold" rating in a research note on Monday, April 21st. KeyCorp increased their price objective on shares of Netflix from $1,000.00 to $1,070.00 and gave the company an "overweight" rating in a research note on Monday, April 21st. Finally, Citigroup reiterated a "neutral" rating and set a $1,250.00 price objective (up from $1,020.00) on shares of Netflix in a research note on Thursday, May 29th. Twelve investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Netflix has a consensus rating of "Moderate Buy" and a consensus target price of $1,182.58.

Netflix Company 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.