Paragon Capital Management Inc. Buys New Stake in Netflix, Inc. (NASDAQ:NFLX)

Paragon Capital Management Inc. acquired a new position in Netflix, Inc. (NASDAQ:NFLX - Free Report) during the first quarter, according to the company in its most recent filing with the SEC. The fund acquired 1,266 shares of the Internet television network's stock, valued at approximately $1,181,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Halbert Hargrove Global Advisors LLC increased its holdings in 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 purchasing an additional 13 shares during the last quarter. Brown Shipley& Co Ltd acquired a new position in shares of Netflix during the fourth quarter valued at $27,000. Transce3nd LLC bought a new stake in shares of Netflix during the fourth quarter valued at about $32,000. Copia Wealth Management acquired a new stake in Netflix in the fourth quarter worth about $37,000. Finally, Stuart Chaussee & Associates Inc. grew its position in Netflix by 4,500.0% in the 4th 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 owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CAO Jeffrey William Karbowski sold 160 shares of the stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $1,000.00, for a total value of $160,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Cletus R. Willems sold 298 shares of Netflix stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $1,138.00, for a total value of $339,124.00. Following the sale, the insider now directly owns 31,610 shares in the company, valued at approximately $35,972,180. This trade represents a 0.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 185,280 shares of company stock valued at $210,599,866. Insiders own 1.37% of the company's stock.

Wall Street Analyst Weigh In

NFLX has been the subject of a number of research analyst reports. JPMorgan Chase & Co. restated a "neutral" rating and issued a $1,220.00 target price (up from $1,150.00) on shares of Netflix in a research report on Monday, May 19th. Needham & Company LLC reiterated a "buy" rating and issued a $1,126.00 price target on shares of Netflix in a research report on Thursday, April 17th. Bank of America raised their price objective on shares of Netflix from $1,175.00 to $1,490.00 and gave the company a "buy" rating in a research report on Friday, May 30th. Citigroup reiterated a "neutral" rating and issued a $1,250.00 target price (up from $1,020.00) on shares of Netflix in a report on Thursday, May 29th. Finally, BMO Capital Markets restated an "outperform" rating and set a $1,200.00 target price (up from $1,175.00) on shares of Netflix in a report on Friday, April 18th. Eleven research 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $1,172.73.

Netflix Stock Performance

Netflix stock traded up $16.01 during trading hours on Monday, reaching $1,339.13. 3,234,835 shares of the company were exchanged, compared to its average volume of 3,745,255. The stock has a 50-day moving average of $1,183.25 and a 200 day moving average of $1,024.87. 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 12 month low of $587.04 and a 12 month high of $1,341.31. The firm has a market cap of $569.89 billion, a price-to-earnings ratio of 63.29, a PEG ratio of 2.56 and a beta of 1.59.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its earnings results 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. 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 quarter last year, the firm posted $8.28 EPS. As a group, research analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current year.

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.