Nisa Investment Advisors LLC Boosts Holdings in Netflix, Inc. (NASDAQ:NFLX)

Nisa Investment Advisors LLC lifted its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 2.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 146,716 shares of the Internet television network's stock after acquiring an additional 2,976 shares during the period. Netflix makes up approximately 0.7% of Nisa Investment Advisors LLC's holdings, making the stock its 17th biggest holding. Nisa Investment Advisors LLC's holdings in Netflix were worth $136,817,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of NFLX. Halbert Hargrove Global Advisors LLC grew its stake in shares of Netflix by 100.0% during the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock worth $25,000 after acquiring an additional 13 shares in the last quarter. Brown Shipley& Co Ltd bought a new position in shares of Netflix during the 4th quarter worth approximately $27,000. Transce3nd LLC bought a new position in shares of Netflix during the 4th quarter worth approximately $32,000. Copia Wealth Management bought a new position in shares of Netflix during the 4th quarter worth approximately $37,000. Finally, Stuart Chaussee & Associates Inc. grew its stake in shares of Netflix by 4,500.0% in the fourth quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock valued at $41,000 after buying an additional 45 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Netflix Price Performance

NASDAQ:NFLX traded up $12.97 during mid-day trading on Wednesday, reaching $1,288.28. The stock had a trading volume of 2,380,931 shares, compared to its average volume of 3,760,058. The firm has a 50 day moving average price of $1,214.45 and a two-hundred day moving average price of $1,042.85. The stock has a market capitalization of $548.25 billion, a P/E ratio of 60.88, a P/E/G ratio of 2.34 and a beta of 1.59. Netflix, Inc. has a one year low of $587.04 and a one year high of $1,341.15. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.20 and a current ratio of 1.20.

Netflix (NASDAQ:NFLX - Get Free Report) last released 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. The company had revenue of $10.54 billion during the quarter, compared to the consensus estimate of $10.51 billion. Netflix had a return on equity of 39.61% and a net margin of 23.07%. During the same quarter in the previous year, the company posted $8.28 EPS. As a group, analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Citigroup reissued a "neutral" rating and issued a $1,250.00 target price (up from $1,020.00) on shares of Netflix in a research note on Thursday, May 29th. Rosenblatt Securities raised their target price on shares of Netflix from $1,494.00 to $1,514.00 and gave the company a "buy" rating in a research note on Monday, April 21st. Evercore ISI reissued an "outperform" rating on shares of Netflix in a research note on Thursday, May 15th. KeyCorp raised their target price on shares of Netflix from $1,000.00 to $1,070.00 and gave the company an "overweight" rating in a research note on Monday, April 21st. Finally, Pivotal Research raised their target price on shares of Netflix from $1,350.00 to $1,600.00 and gave the company a "buy" rating in a research note on Friday, June 20th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,185.61.

Insider Transactions at Netflix

In other Netflix news, Director Ann Mather sold 1,090 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $1,250.00, for a total value of $1,362,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Spencer Adam Neumann sold 2,601 shares of the business's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $1,307.22, for a total value of $3,400,079.22. Following the completion of the sale, the chief financial officer owned 3,691 shares of the company's stock, valued at $4,824,949.02. The trade was a 41.34% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 186,723 shares of company stock valued at $223,307,201. Insiders own 1.37% of the company's stock.

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.