Planning Directions Inc. Takes Position in Netflix, Inc. (NASDAQ:NFLX)

Planning Directions Inc. acquired a new position in Netflix, Inc. (NASDAQ:NFLX - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 599 shares of the Internet television network's stock, valued at approximately $559,000.

Other large investors have also recently bought and sold shares of the company. Halbert Hargrove Global Advisors LLC boosted its holdings in Netflix by 100.0% during the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock valued at $25,000 after acquiring an additional 13 shares during the period. Brown Shipley& Co Ltd bought a new stake in Netflix during the fourth quarter valued at about $27,000. Transce3nd LLC bought a new stake in Netflix during the fourth quarter valued at about $32,000. Copia Wealth Management bought a new stake in Netflix during the fourth quarter valued at about $37,000. Finally, Stuart Chaussee & Associates Inc. boosted its holdings in Netflix by 4,500.0% during the fourth quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock valued at $41,000 after acquiring an additional 45 shares during the period. 80.93% of the stock is currently owned by institutional investors.

Netflix Stock Performance

Netflix stock traded down $17.50 during trading hours on Tuesday, hitting $1,272.12. The company had a trading volume of 1,133,884 shares, compared to its average volume of 3,750,198. The firm has a market cap of $541.38 billion, a PE ratio of 60.17, a PEG ratio of 2.35 and a beta of 1.59. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.20 and a quick ratio of 1.20. Netflix, Inc. has a one year low of $587.04 and a one year high of $1,341.15. The firm has a 50-day moving average of $1,211.46 and a 200 day moving average of $1,041.22.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 analyst estimates of $10.51 billion. During the same quarter in the prior year, the business posted $8.28 EPS. On average, sell-side analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Guggenheim restated a "buy" rating and set a $1,150.00 price target (up from $1,100.00) on shares of Netflix in a report on Friday, April 18th. Barclays upped their price objective on shares of Netflix from $900.00 to $1,000.00 and gave the company an "equal weight" rating in a research report on Monday, April 21st. Benchmark reaffirmed a "hold" rating on shares of Netflix in a research report on Monday, April 21st. Piper Sandler set a $1,150.00 price objective on shares of Netflix and gave the company an "overweight" rating in a research report on Monday, April 21st. Finally, KeyCorp upped their price objective on shares of Netflix from $1,000.00 to $1,070.00 and gave the company an "overweight" rating in a research report on Monday, April 21st. Twelve research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Netflix currently has a consensus rating of "Moderate Buy" and an average target price of $1,182.58.

Insider Buying and Selling at Netflix

In related news, CFO Spencer Adam Neumann sold 2,601 shares of the stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $1,307.22, for a total transaction of $3,400,079.22. Following the sale, the chief financial officer owned 3,691 shares in the company, valued at approximately $4,824,949.02. This trade represents a 41.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Jeffrey William Karbowski sold 620 shares of the firm's stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $1,286.84, for a total transaction of $797,840.80. The disclosure for this sale can be found here. Insiders have sold a total of 186,723 shares of company stock worth $223,307,201 in the last three months. Company 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.