Blackhawk Capital Partners LLC. Purchases 234 Shares of Netflix, Inc. (NASDAQ:NFLX)

Blackhawk Capital Partners LLC. raised its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 9.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,793 shares of the Internet television network's stock after purchasing an additional 234 shares during the period. Netflix makes up approximately 1.3% of Blackhawk Capital Partners LLC.'s holdings, making the stock its 19th biggest position. Blackhawk Capital Partners LLC.'s holdings in Netflix were worth $2,605,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC raised its stake in shares of Netflix by 5.0% in the 4th quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network's stock valued at $4,804,000 after buying an additional 257 shares in the last quarter. Revolve Wealth Partners LLC raised its stake in shares of Netflix by 16.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network's stock valued at $912,000 after buying an additional 144 shares in the last quarter. BIP Wealth LLC raised its stake in shares of Netflix by 23.8% in the 4th quarter. BIP Wealth LLC now owns 453 shares of the Internet television network's stock valued at $403,000 after buying an additional 87 shares in the last quarter. Proficio Capital Partners LLC raised its stake in shares of Netflix by 39.1% in the 4th quarter. Proficio Capital Partners LLC now owns 2,161 shares of the Internet television network's stock valued at $1,926,000 after buying an additional 607 shares in the last quarter. Finally, Lifeworks Advisors LLC acquired a new position in shares of Netflix in the 4th quarter valued at $224,000. 80.93% of the stock is owned by institutional investors.

Insider Buying and Selling at Netflix

In related news, CFO Spencer Adam Neumann sold 2,601 shares of Netflix 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 transaction of $2,945,320.38. Following the transaction, the chief financial officer owned 3,691 shares of the company's stock, valued at $4,179,614.58. This trade represents a 41.34% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Reed Hastings sold 26,977 shares of Netflix 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 transaction, the director directly owned 394 shares in the company, valued at $446,421.70. The trade was a 98.56% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 186,723 shares of company stock worth $223,307,201 over the last quarter. Company insiders own 1.37% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on NFLX shares. Guggenheim restated a "buy" rating and issued a $1,150.00 price objective (up previously from $1,100.00) on shares of Netflix in a research note on Friday, April 18th. Wedbush reiterated an "outperform" rating and set a $1,200.00 target price on shares of Netflix in a research report on Monday, May 5th. Benchmark reiterated a "hold" rating on shares of Netflix in a research report on Monday, April 21st. Wells Fargo & Company increased their target price on shares of Netflix from $1,222.00 to $1,500.00 and gave the stock an "overweight" rating in a research report on Friday, June 20th. Finally, Piper Sandler set a $1,150.00 target price on shares of Netflix and gave the stock an "overweight" rating in a research report on Monday, April 21st. Twelve research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Netflix has a consensus rating of "Moderate Buy" and an average target price of $1,182.58.

Netflix Trading Down 1.1%

Shares of NASDAQ NFLX traded down $14.31 during mid-day trading on Tuesday, hitting $1,275.31. The company's stock had a trading volume of 3,281,114 shares, compared to its average volume of 3,758,230. The stock has a market cap of $542.73 billion, a price-to-earnings ratio of 60.27, a price-to-earnings-growth ratio of 2.35 and a beta of 1.59. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.20 and a quick ratio of 1.20. Netflix, Inc. has a one year low of $587.04 and a one year high of $1,341.15. The company's fifty day simple moving average is $1,211.46 and its 200-day simple moving average is $1,041.22.

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 (EPS) 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 quarter last year, the firm earned $8.28 EPS. On average, sell-side analysts anticipate 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.