Nilsine Partners LLC Increases Position in Netflix, Inc. (NASDAQ:NFLX)

Nilsine Partners LLC boosted its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 92.7% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,852 shares of the Internet television network's stock after purchasing an additional 4,259 shares during the quarter. Netflix comprises 0.9% of Nilsine Partners LLC's portfolio, making the stock its 21st largest position. Nilsine Partners LLC's holdings in Netflix were worth $8,255,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Bernardo Wealth Planning LLC grew its holdings in shares of Netflix by 2.9% during the first quarter. Bernardo Wealth Planning LLC now owns 533 shares of the Internet television network's stock valued at $497,000 after buying an additional 15 shares during the last quarter. Weaver Capital Management LLC grew its holdings in shares of Netflix by 5.9% during the first quarter. Weaver Capital Management LLC now owns 3,415 shares of the Internet television network's stock valued at $3,185,000 after buying an additional 191 shares during the last quarter. Continuum Wealth Advisors LLC grew its holdings in shares of Netflix by 4.4% during the first quarter. Continuum Wealth Advisors LLC now owns 235 shares of the Internet television network's stock valued at $219,000 after buying an additional 10 shares during the last quarter. CCG Wealth Management LLC grew its holdings in shares of Netflix by 7.9% during the first quarter. CCG Wealth Management LLC now owns 299 shares of the Internet television network's stock valued at $279,000 after buying an additional 22 shares during the last quarter. Finally, Perfromance Wealth Partners LLC grew its holdings in shares of Netflix by 10.0% during the first quarter. Perfromance Wealth Partners LLC now owns 275 shares of the Internet television network's stock valued at $256,000 after buying an additional 25 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company's stock.

Insider Transactions at Netflix

In related news, Director Reed Hastings sold 26,977 shares of Netflix stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $1,133.05, for a total transaction of $30,566,289.85. Following the completion of the transaction, the director now directly owns 394 shares of the company's stock, valued at approximately $446,421.70. The trade was a 98.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jay C. Hoag sold 31,750 shares of the business's stock in a transaction dated 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 sale, the director now directly owns 63,040 shares of the company's stock, valued at approximately $78,948,144. This trade represents a 33.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 185,140 shares of company stock worth $210,271,552 in the last three months. Insiders own 1.37% of the company's stock.

Netflix Stock Performance

Netflix stock opened at $1,231.49 on Friday. The company's 50-day moving average price is $1,150.80 and its 200-day moving average price is $1,010.84. Netflix, Inc. has a twelve month low of $587.04 and a twelve month high of $1,262.81. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.58. The company has a market cap of $524.09 billion, a PE ratio of 58.20, a price-to-earnings-growth ratio of 2.36 and a beta of 1.59.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, topping analysts' consensus estimates of $5.74 by $0.87. Netflix had a net margin of 23.07% and a return on equity of 39.61%. The firm had revenue of $10.54 billion for the quarter, compared to the consensus estimate of $10.51 billion. During the same period in the previous year, the firm posted $8.28 EPS. On average, equities research analysts forecast that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Macquarie raised 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. Phillip Securities upgraded shares of Netflix from a "moderate sell" rating to a "hold" rating in a report on Monday, April 21st. UBS Group raised their target price on shares of Netflix from $1,150.00 to $1,450.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Needham & Company LLC restated a "buy" rating and issued a $1,126.00 target price on shares of Netflix in a report on Thursday, April 17th. Finally, Piper Sandler set a $1,150.00 target price on shares of Netflix and gave the stock an "overweight" rating in a report on Monday, April 21st. Eleven research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Netflix currently has an average rating of "Moderate Buy" and a consensus target price of $1,172.73.

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.