Netflix, Inc. (NASDAQ:NFLX) Shares Purchased by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC increased its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 2.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 146,716 shares of the Internet television network's stock after buying an additional 2,976 shares during the period. Netflix comprises about 0.7% of Nisa Investment Advisors LLC's portfolio, making the stock its 17th biggest position. 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 large investors have also recently made changes to their positions in NFLX. Halbert Hargrove Global Advisors LLC grew its position in Netflix by 100.0% in the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock valued at $25,000 after buying an additional 13 shares during the last quarter. Brown Shipley& Co Ltd purchased a new position in Netflix in the 4th quarter valued at $27,000. Transce3nd LLC purchased a new position in Netflix in the 4th quarter valued at $32,000. Copia Wealth Management purchased a new position in Netflix in the 4th quarter valued at $37,000. Finally, Barnes Dennig Private Wealth Management LLC purchased a new position in Netflix in the 1st quarter valued at $42,000. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on NFLX. Morgan Stanley lifted their price objective on shares of Netflix from $1,150.00 to $1,200.00 and gave the company an "overweight" rating in a research report on Monday, April 21st. Oppenheimer boosted their target price on shares of Netflix from $1,200.00 to $1,425.00 and gave the stock an "outperform" rating in a research report on Thursday, June 12th. Needham & Company LLC boosted their target price on shares of Netflix from $1,126.00 to $1,500.00 and gave the stock a "buy" rating in a research report on Friday. Moffett Nathanson reiterated a "buy" rating and issued a $1,150.00 price objective (up from $1,100.00) on shares of Netflix in a research report on Friday, April 18th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Netflix from $1,220.00 to $1,230.00 and gave the stock a "neutral" rating in a research report on Friday. One equities research 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 issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $1,214.52.

Netflix Stock Down 0.4%

NASDAQ:NFLX traded down $5.48 during trading hours on Friday, hitting $1,245.11. The stock had a trading volume of 3,948,915 shares, compared to its average volume of 3,766,443. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.58. Netflix, Inc. has a 1-year low of $587.04 and a 1-year high of $1,341.15. The business has a 50 day simple moving average of $1,221.70 and a two-hundred day simple moving average of $1,049.04. The company has a market cap of $529.88 billion, a PE ratio of 58.84, a price-to-earnings-growth ratio of 2.27 and a beta of 1.59.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 23.07% and a return on equity of 39.61%. During the same quarter last year, the company earned $8.28 earnings per share. Analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.

Insiders Place Their Bets

In other Netflix news, Director Reed Hastings sold 26,977 shares of the firm's stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $1,133.05, for a total value of $30,566,289.85. Following the sale, the director directly owned 394 shares in the company, valued at approximately $446,421.70. This trade represents a 98.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Spencer Adam Neumann sold 2,601 shares of the firm's stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $1,132.38, for a total value of $2,945,320.38. Following the transaction, the chief financial officer directly owned 3,691 shares in the company, valued at $4,179,614.58. This trade represents a 41.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 186,723 shares of company stock valued at $223,307,201. Corporate 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.