TFR Capital LLC. Buys 561 Shares of Netflix, Inc. (NASDAQ:NFLX)

TFR Capital LLC. boosted its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 11.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,678 shares of the Internet television network's stock after acquiring an additional 561 shares during the quarter. Netflix comprises about 2.2% of TFR Capital LLC.'s investment portfolio, making the stock its 10th biggest position. TFR Capital LLC.'s holdings in Netflix were worth $5,295,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Janus Henderson Group PLC grew its holdings in Netflix by 8.7% during the 4th quarter. Janus Henderson Group PLC now owns 1,377,081 shares of the Internet television network's stock worth $1,227,468,000 after acquiring an additional 110,432 shares in the last quarter. PharVision Advisers LLC purchased a new stake in shares of Netflix in the 4th quarter worth approximately $873,000. New England Research & Management Inc. boosted its stake in shares of Netflix by 148.5% during the first quarter. New England Research & Management Inc. now owns 2,122 shares of the Internet television network's stock valued at $1,979,000 after purchasing an additional 1,268 shares in the last quarter. First National Trust Co increased its holdings in Netflix by 1.0% during the fourth quarter. First National Trust Co now owns 1,258 shares of the Internet television network's stock valued at $1,121,000 after buying an additional 12 shares during the period. Finally, Xcel Wealth Management LLC raised its stake in Netflix by 15.2% in the first quarter. Xcel Wealth Management LLC now owns 492 shares of the Internet television network's stock worth $459,000 after buying an additional 65 shares in the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on NFLX shares. Needham & Company LLC increased their target price on Netflix from $1,126.00 to $1,500.00 and gave the company a "buy" rating in a research report on Friday. Cfra Research raised Netflix to a "strong-buy" rating in a research report on Monday, April 28th. Guggenheim reiterated a "buy" rating and issued a $1,150.00 target price (up from $1,100.00) on shares of Netflix in a report on Friday, April 18th. Jefferies Financial Group raised their price target on shares of Netflix from $1,200.00 to $1,400.00 and gave the company a "buy" rating in a report on Tuesday, June 3rd. Finally, Benchmark reaffirmed a "hold" rating on shares of Netflix in a research report on Monday, April 21st. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Netflix has an average rating of "Moderate Buy" and a consensus target price of $1,214.52.

Insider Activity

In other news, CAO Jeffrey William Karbowski sold 620 shares of the business's stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $1,286.84, for a total transaction of $797,840.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Reed Hastings sold 16,840 shares of the company's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $1,295.78, for a total transaction of $21,820,935.20. Following the sale, the director directly owned 10,067 shares of the company's stock, valued at $13,044,617.26. This represents a 62.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 186,723 shares of company stock valued at $223,307,201 over the last 90 days. Corporate insiders own 1.37% of the company's stock.

Netflix Stock Performance

NASDAQ:NFLX traded down $5.48 during midday trading on Friday, reaching $1,245.11. 3,948,915 shares of the company traded hands, compared to its average volume of 3,768,095. The firm has a market capitalization of $529.88 billion, a price-to-earnings ratio of 58.84, a price-to-earnings-growth ratio of 2.26 and a beta of 1.59. The company has a fifty day moving average price of $1,221.70 and a 200 day moving average price of $1,049.85. 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 twelve month low of $587.04 and a twelve month high of $1,341.15.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings results 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 return on equity of 39.61% and a net margin of 23.07%. The company had revenue of $10.54 billion during the quarter, compared to analysts' expectations of $10.51 billion. During the same quarter in the prior year, the business posted $8.28 earnings per share. On average, analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

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.