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

Nwam LLC raised its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 58.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,348 shares of the Internet television network's stock after acquiring an additional 2,351 shares during the quarter. Nwam LLC's holdings in Netflix were worth $5,920,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Brighton Jones LLC increased its holdings in Netflix by 5.0% during the 4th quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network's stock valued at $4,804,000 after purchasing an additional 257 shares in the last quarter. Revolve Wealth Partners LLC increased its holdings in Netflix by 16.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network's stock valued at $912,000 after purchasing an additional 144 shares in the last quarter. BIP Wealth LLC boosted its position in Netflix by 23.8% in the 4th quarter. BIP Wealth LLC now owns 453 shares of the Internet television network's stock valued at $403,000 after buying an additional 87 shares during the last quarter. Proficio Capital Partners LLC boosted its position in Netflix by 39.1% in the 4th quarter. Proficio Capital Partners LLC now owns 2,161 shares of the Internet television network's stock valued at $1,926,000 after buying an additional 607 shares during the last quarter. Finally, Advisors Asset Management Inc. grew its holdings in Netflix by 36.1% during the 4th quarter. Advisors Asset Management Inc. now owns 6,213 shares of the Internet television network's stock worth $5,538,000 after acquiring an additional 1,647 shares during the period. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Netflix Trading Down 5.1%

Netflix stock traded down $64.93 during trading on Friday, hitting $1,209.24. The company had a trading volume of 10,678,762 shares, compared to its average volume of 3,762,863. Netflix, Inc. has a 1-year low of $587.04 and a 1-year high of $1,341.15. The company's 50 day simple moving average is $1,232.59 and its 200-day simple moving average is $1,061.94. The stock has a market cap of $514.62 billion, a price-to-earnings ratio of 51.52, a price-to-earnings-growth ratio of 2.19 and a beta of 1.59. 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 (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.07 by $0.12. Netflix had a net margin of 24.58% and a return on equity of 43.00%. The company had revenue of $11.08 billion during the quarter, compared to the consensus estimate of $11.04 billion. During the same quarter in the prior year, the firm posted $4.88 earnings per share. Netflix's revenue for the quarter was up 15.9% on a year-over-year basis. As a group, analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

NFLX has been the topic of several recent research reports. JPMorgan Chase & Co. lifted their price target on Netflix from $1,230.00 to $1,300.00 and gave the company a "neutral" rating in a research note on Friday. Morgan Stanley raised their target price on Netflix from $1,450.00 to $1,500.00 and gave the company an "overweight" rating in a report on Friday. The Goldman Sachs Group increased their price target on Netflix from $1,000.00 to $1,140.00 and gave the company a "neutral" rating in a research note on Wednesday, July 2nd. Robert W. Baird increased their price target on Netflix from $1,200.00 to $1,300.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. Finally, Loop Capital reaffirmed a "hold" rating on shares of Netflix in a research report on Tuesday, July 15th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Netflix presently has an average rating of "Moderate Buy" and an average price target of $1,291.41.

Insider Buying and Selling at Netflix

In other Netflix news, Director Reed Hastings sold 26,977 shares of Netflix stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $1,133.05, for a total value of $30,566,289.85. Following the transaction, the director owned 394 shares in the company, valued at $446,421.70. This trade represents a 98.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Bradford L. Smith sold 3,919 shares of the business's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $1,124.26, for a total transaction of $4,405,974.94. Following the completion of the transaction, the director owned 7,969 shares in the company, valued at $8,959,227.94. This represents a 32.97% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 186,723 shares of company stock valued at $223,307,201. Company insiders own 1.37% of the company's stock.

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.