PDS Planning Inc Has $2.20 Million Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

PDS Planning Inc grew its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 9.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 2,355 shares of the Internet television network's stock after purchasing an additional 206 shares during the period. PDS Planning Inc's holdings in Netflix were worth $2,196,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. GAMMA Investing LLC boosted its position in Netflix by 109,524.3% during the 1st quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network's stock worth $8,239,576,000 after buying an additional 8,827,662 shares during the period. Norges Bank bought a new position in shares of Netflix during the fourth quarter valued at $5,019,087,000. Proficio Capital Partners LLC grew its stake in shares of Netflix by 123,836.7% in the fourth quarter. Proficio Capital Partners LLC now owns 1,925,977 shares of the Internet television network's stock worth $1,716,662,000 after purchasing an additional 1,924,423 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Netflix by 59.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,301,098 shares of the Internet television network's stock valued at $2,051,016,000 after purchasing an additional 856,307 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its position in Netflix by 318.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 976,924 shares of the Internet television network's stock worth $870,752,000 after purchasing an additional 743,724 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company's stock.

Netflix Trading Down 0.3%

Shares of NFLX stock opened at $1,275.25 on Thursday. The business has a 50-day moving average price of $1,169.57 and a two-hundred day moving average price of $1,018.04. Netflix, Inc. has a 12-month low of $587.04 and a 12-month high of $1,298.00. 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 firm has a market cap of $542.71 billion, a P/E ratio of 60.27, a price-to-earnings-growth ratio of 2.47 and a beta of 1.59.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly 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. The firm had revenue of $10.54 billion for 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 period last year, the firm posted $8.28 earnings per share. Equities analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Activity

In other news, Director Reed Hastings sold 26,977 shares of the stock in a transaction that occurred on 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 sale, the director now owns 394 shares in the company, valued at $446,421.70. This represents a 98.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Jay C. Hoag sold 32,515 shares of the business's stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $1,101.97, for a total value of $35,830,554.55. Following the sale, the director now owns 79,040 shares of the company's stock, valued at approximately $87,099,708.80. This represents a 29.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 184,660 shares of company stock valued at $209,802,025. 1.37% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Benchmark reiterated a "hold" rating on shares of Netflix in a research report on Monday, April 21st. Morgan Stanley increased their target price 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. Pivotal Research boosted their price target on shares of Netflix from $1,350.00 to $1,600.00 and gave the stock a "buy" rating in a research report on Friday, June 20th. Piper Sandler set a $1,150.00 price target on Netflix and gave the stock an "overweight" rating in a report on Monday, April 21st. Finally, Loop Capital reissued a "hold" rating on shares of Netflix in a research report on Monday, March 24th. Eleven analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Netflix currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,172.73.

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.

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