Planned Solutions Inc. Buys Shares of 677 Netflix, Inc. (NASDAQ:NFLX)

Planned Solutions Inc. bought a new stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 677 shares of the Internet television network's stock, valued at approximately $631,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Kwmg LLC acquired a new stake in shares of Netflix in the first quarter valued at about $201,000. RFG Advisory LLC raised its stake in shares of Netflix by 98.6% during the 1st quarter. RFG Advisory LLC now owns 6,731 shares of the Internet television network's stock worth $6,277,000 after purchasing an additional 3,341 shares in the last quarter. Capital Asset Advisory Services LLC boosted its holdings in shares of Netflix by 59.4% in the 1st quarter. Capital Asset Advisory Services LLC now owns 601 shares of the Internet television network's stock valued at $562,000 after buying an additional 224 shares during the last quarter. McLean Asset Management Corp grew its stake in shares of Netflix by 8.6% in the first quarter. McLean Asset Management Corp now owns 443 shares of the Internet television network's stock valued at $386,000 after buying an additional 35 shares in the last quarter. Finally, Merit Financial Group LLC increased its holdings in Netflix by 18.3% during the first quarter. Merit Financial Group LLC now owns 13,269 shares of the Internet television network's stock worth $12,374,000 after buying an additional 2,052 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company's stock.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Loop Capital reiterated a "hold" rating on shares of Netflix in a research note on Monday, March 24th. FBN Securities began coverage on shares of Netflix in a report on Thursday, March 27th. They issued an "outperform" rating and a $1,165.00 target price on the stock. Needham & Company LLC reiterated a "buy" rating and issued a $1,126.00 target price on shares of Netflix in a research note on Thursday, April 17th. Guggenheim reiterated a "buy" rating and set a $1,150.00 price target (up previously from $1,100.00) on shares of Netflix in a report on Friday, April 18th. Finally, Oppenheimer restated an "outperform" rating and issued a $1,200.00 price objective (up previously from $1,150.00) on shares of Netflix in a research note on Friday, April 18th. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $1,149.91.

Netflix Price Performance

NASDAQ:NFLX traded up $21.72 during mid-day trading on Wednesday, reaching $1,239.66. The stock had a trading volume of 2,353,706 shares, compared to its average volume of 3,746,178. The stock has a 50-day simple moving average of $1,069.06 and a two-hundred day simple moving average of $980.69. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. Netflix, Inc. has a 12 month low of $587.04 and a 12 month high of $1,242.58. The stock has a market capitalization of $527.56 billion, a PE ratio of 62.51, a P/E/G ratio of 2.12 and a beta of 1.58.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, beating the consensus estimate of $5.74 by $0.87. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The business had revenue of $10.54 billion for the quarter, compared to analyst estimates of $10.51 billion. During the same period last year, the firm posted $8.28 earnings per share. On average, equities analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insider Activity

In other news, Director Jay C. Hoag sold 32,515 shares of the business's stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $1,101.97, for a total transaction of $35,830,554.55. Following the sale, the director now directly owns 79,040 shares in the company, valued at approximately $87,099,708.80. The trade was a 29.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Spencer Adam Neumann sold 2,601 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $921.72, for a total transaction of $2,397,393.72. Following the completion of the transaction, the chief financial officer now owns 3,691 shares of the company's stock, valued at approximately $3,402,068.52. This trade represents a 41.34% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 152,300 shares of company stock worth $169,146,939. Corporate 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.