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

Westend Capital Management LLC increased its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 1.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,786 shares of the Internet television network's stock after buying an additional 257 shares during the period. Netflix comprises 4.9% of Westend Capital Management LLC's portfolio, making the stock its 8th largest holding. Westend Capital Management LLC's holdings in Netflix were worth $12,856,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NFLX. 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 valued at $4,804,000 after acquiring an additional 257 shares during the last quarter. Revolve Wealth Partners LLC raised its position in Netflix by 16.4% during the fourth 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 during the last quarter. Heritage Investors Management Corp lifted its holdings in shares of Netflix by 0.9% in the fourth quarter. Heritage Investors Management Corp now owns 1,381 shares of the Internet television network's stock valued at $1,231,000 after purchasing an additional 12 shares in the last quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych grew its position in shares of Netflix by 7.1% in the fourth quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 750 shares of the Internet television network's stock valued at $668,000 after purchasing an additional 50 shares during the last quarter. Finally, Fort Sheridan Advisors LLC grew its position in shares of Netflix by 15.6% in the fourth quarter. Fort Sheridan Advisors LLC now owns 742 shares of the Internet television network's stock valued at $661,000 after purchasing an additional 100 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Netflix

In other news, Chairman Reed Hastings sold 25,360 shares of the business's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $921.15, for a total transaction of $23,360,364.00. Following the transaction, the chairman now directly owns 394 shares of the company's stock, valued at approximately $362,933.10. The trade was a 98.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Cletus R. Willems sold 298 shares of the company's stock in a transaction on 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 completion of the transaction, the insider now owns 31,610 shares of the company's stock, valued at $35,972,180. This trade represents a 0.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 185,280 shares of company stock valued at $210,599,866 over the last three months. 1.37% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Wolfe Research set a $1,340.00 price objective on Netflix and gave the stock an "outperform" rating in a research report on Friday, May 16th. Rosenblatt Securities raised their price target on Netflix from $1,494.00 to $1,514.00 and gave the stock a "buy" rating in a research report on Monday, April 21st. 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. Moffett Nathanson reaffirmed a "buy" rating and set a $1,150.00 price objective (up previously from $1,100.00) on shares of Netflix in a research note on Friday, April 18th. Finally, FBN Securities initiated coverage on Netflix in a research report on Thursday, March 27th. They set an "outperform" rating and a $1,165.00 price objective for the company. Eleven research 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 stock. According to MarketBeat, Netflix currently has an average rating of "Moderate Buy" and a consensus target price of $1,172.73.

Netflix Stock Up 1.3%

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 firm has a 50 day moving average price of $1,183.25 and a 200 day moving average price of $1,023.58. 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 company has a market cap of $563.08 billion, a PE ratio of 62.53, a price-to-earnings-growth ratio of 2.53 and a beta of 1.59.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.74 by $0.87. Netflix had a net margin of 23.07% and a return on equity of 39.61%. The company had revenue of $10.54 billion during the quarter, compared to the consensus estimate of $10.51 billion. During the same period in the previous year, the firm earned $8.28 earnings per share. Sell-side analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current 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.

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