New Covenant Trust Company N.A. Raises Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

New Covenant Trust Company N.A. grew its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 71.7% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 503 shares of the Internet television network's stock after purchasing an additional 210 shares during the period. New Covenant Trust Company N.A.'s holdings in Netflix were worth $470,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. G2 Capital Management LLC OH boosted its holdings in Netflix by 1.4% in the first quarter. G2 Capital Management LLC OH now owns 1,016 shares of the Internet television network's stock worth $947,000 after purchasing an additional 14 shares during the last quarter. Sava Infond d.o.o. boosted its stake in shares of Netflix by 121.3% in the 1st quarter. Sava Infond d.o.o. now owns 1,195 shares of the Internet television network's stock worth $1,114,000 after buying an additional 655 shares during the last quarter. Ledyard National Bank increased its position in Netflix by 4.7% during the first quarter. Ledyard National Bank now owns 268 shares of the Internet television network's stock valued at $250,000 after acquiring an additional 12 shares during the last quarter. YHB Investment Advisors Inc. lifted its holdings in Netflix by 0.9% in the first quarter. YHB Investment Advisors Inc. now owns 5,083 shares of the Internet television network's stock valued at $4,740,000 after acquiring an additional 45 shares during the period. Finally, Embree Financial Group increased its position in shares of Netflix by 45.0% during the 1st quarter. Embree Financial Group now owns 732 shares of the Internet television network's stock valued at $683,000 after purchasing an additional 227 shares during the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Netflix Stock Performance

NASDAQ NFLX opened at $1,253.54 on Tuesday. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $533.47 billion, a price-to-earnings ratio of 59.24, a PEG ratio of 2.38 and a beta of 1.59. The stock has a 50-day moving average of $1,157.24 and a 200 day moving average of $1,014.42. Netflix, Inc. has a twelve month low of $587.04 and a twelve month high of $1,262.81.

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

Insiders Place Their Bets

In related news, Director Jay C. Hoag sold 31,750 shares of the business's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $1,252.35, for a total transaction of $39,762,112.50. Following the completion of the transaction, the director now owns 63,040 shares in the company, valued at approximately $78,948,144. The trade was a 33.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Reed Hastings sold 25,360 shares of the stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $921.15, for a total value of $23,360,364.00. Following the completion of the transaction, the chairman now owns 394 shares in the company, valued at approximately $362,933.10. The trade was a 98.47% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 184,660 shares of company stock valued at $209,802,025 over the last ninety days. Company insiders own 1.37% of the company's stock.

Wall Street Analyst Weigh In

NFLX has been the subject of several recent research reports. Wolfe Research set a $1,340.00 target price on shares of Netflix and gave the company an "outperform" rating in a research report on Friday, May 16th. Jefferies Financial Group boosted their price objective on shares of Netflix from $1,200.00 to $1,400.00 and gave the company a "buy" rating in a research report on Tuesday, June 3rd. Guggenheim reaffirmed 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. Macquarie upped their price target on Netflix from $1,150.00 to $1,200.00 and gave the stock an "outperform" rating in a research report on Monday, April 21st. Finally, Oppenheimer raised their price target on Netflix from $1,200.00 to $1,425.00 and gave the company an "outperform" rating in a report on Thursday, June 12th. Eleven investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Netflix presently has an average rating of "Moderate Buy" and a consensus target price of $1,172.73.

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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