Netflix, Inc. (NASDAQ:NFLX) Shares Purchased by Jag Capital Management LLC

Jag Capital Management LLC grew its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 22.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,446 shares of the Internet television network's stock after acquiring an additional 5,680 shares during the quarter. Netflix accounts for approximately 3.9% of Jag Capital Management LLC's portfolio, making the stock its 6th largest holding. Jag Capital Management LLC's holdings in Netflix were worth $29,324,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Halbert Hargrove Global Advisors LLC grew its position in shares of Netflix by 100.0% during the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock valued at $25,000 after acquiring an additional 13 shares during the period. Brown Shipley& Co Ltd bought a new position in Netflix during the fourth quarter valued at $27,000. Transce3nd LLC bought a new position in Netflix during the fourth quarter valued at $32,000. Copia Wealth Management purchased a new stake in Netflix in the fourth quarter worth $37,000. Finally, Stuart Chaussee & Associates Inc. raised 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 buying an additional 45 shares during the period. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Bank of America lifted their price target on Netflix from $1,175.00 to $1,490.00 and gave the company a "buy" rating in a research report on Friday, May 30th. Rosenblatt Securities lifted their target price on Netflix from $1,494.00 to $1,514.00 and gave the company a "buy" rating in a report on Monday, April 21st. Pivotal Research increased their price target on shares of Netflix from $1,350.00 to $1,600.00 and gave the stock a "buy" rating in a report on Friday, June 20th. Phillip Securities upgraded shares of Netflix from a "moderate sell" rating to a "hold" rating in a research report on Monday, April 21st. Finally, Macquarie upped their target price on shares of Netflix from $1,150.00 to $1,200.00 and gave the stock an "outperform" rating in a report on Monday, April 21st. Eleven analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $1,172.73.

Netflix Stock Up 1.3%

Shares of NASDAQ:NFLX opened at $1,323.12 on Friday. Netflix, Inc. has a 1 year low of $587.04 and a 1 year high of $1,331.35. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.20 and a quick ratio of 1.20. The stock's 50-day moving average is $1,183.25 and its 200 day moving average is $1,023.58. The company has a market cap of $563.08 billion, a PE ratio of 62.53, a P/E/G ratio of 2.53 and a beta of 1.59.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly 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 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 quarter in the previous year, the company earned $8.28 earnings per share. Sell-side analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current year.

Insiders Place Their Bets

In related news, insider Cletus R. Willems sold 298 shares of the stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $1,138.00, for a total transaction of $339,124.00. Following the sale, the insider now directly owns 31,610 shares of the company's stock, valued at approximately $35,972,180. This represents a 0.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Jeffrey William Karbowski sold 160 shares of the firm's stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $1,000.00, for a total transaction of $160,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 185,280 shares of company stock worth $210,599,866. 1.37% of the stock is currently owned by company insiders.

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.

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