Netflix, Inc. (NASDAQ:NFLX) Stock Position Raised by Certuity LLC

Certuity LLC lifted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 23.4% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,042 shares of the Internet television network's stock after buying an additional 766 shares during the period. Certuity LLC's holdings in Netflix were worth $3,770,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of NFLX. Halbert Hargrove Global Advisors LLC boosted its stake in 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 purchasing an additional 13 shares during the period. Brown Shipley& Co Ltd acquired a new position in Netflix during the 4th quarter valued at about $27,000. Transce3nd LLC acquired a new position in Netflix during the 4th quarter valued at about $32,000. Copia Wealth Management acquired a new position in Netflix during the 4th quarter valued at about $37,000. Finally, Stuart Chaussee & Associates Inc. boosted its stake in Netflix by 4,500.0% during the 4th quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock valued at $41,000 after purchasing an additional 45 shares during the period. Institutional investors own 80.93% of the company's stock.

Netflix Price Performance

NASDAQ NFLX opened at $1,204.44 on Thursday. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58. The company has a fifty day simple moving average of $1,231.68 and a 200 day simple moving average of $1,098.52. The company has a market cap of $511.80 billion, a P/E ratio of 51.32, a P/E/G ratio of 2.06 and a beta of 1.59. Netflix, Inc. has a 1 year low of $648.70 and a 1 year high of $1,341.15.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, beating analysts' consensus estimates of $7.07 by $0.12. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The firm had revenue of $11.08 billion during the quarter, compared to the consensus estimate of $11.04 billion. During the same period in the prior year, the firm earned $4.88 EPS. The business's revenue was up 15.9% on a year-over-year basis. On average, sell-side analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Citigroup reaffirmed a "neutral" rating and issued a $1,250.00 price target (up from $1,020.00) on shares of Netflix in a research note on Thursday, May 29th. Macquarie upped their price target on shares of Netflix from $1,150.00 to $1,200.00 and gave the stock an "outperform" rating in a research note on Monday, April 21st. Seaport Res Ptn lowered shares of Netflix from a "strong-buy" rating to a "hold" rating in a research note on Sunday, July 6th. Wolfe Research set a $1,340.00 price target on shares of Netflix and gave the stock an "outperform" rating in a research note on Friday, May 16th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $1,500.00 price target on shares of Netflix in a research note on Friday, July 18th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Netflix currently has an average rating of "Moderate Buy" and a consensus target price of $1,297.66.

Insider Buying and Selling at Netflix

In other news, CFO Spencer Adam Neumann sold 2,601 shares of the firm's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $1,307.22, for a total transaction of $3,400,079.22. Following the completion of the transaction, the chief financial officer directly owned 3,691 shares of the company's stock, valued at approximately $4,824,949.02. This trade represents a 41.34% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jay C. Hoag sold 31,750 shares of the firm's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $1,252.35, for a total transaction of $39,762,112.50. Following the transaction, the director directly owned 63,040 shares of the company's stock, valued at $78,948,144. The trade was a 33.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 146,307 shares of company stock valued at $179,443,809 over the last quarter. 1.37% of the stock is currently owned by 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.

Want to see what other hedge funds are holding NFLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Netflix, Inc. (NASDAQ:NFLX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.