Priebe Wealth Holdings LLC Takes $201,000 Position in Netflix, Inc. (NASDAQ:NFLX)

Priebe Wealth Holdings LLC bought a new position in Netflix, Inc. (NASDAQ:NFLX - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 216 shares of the Internet television network's stock, valued at approximately $201,000.

A number of other hedge funds also recently made changes to their positions in the company. Pathway Financial Advisers LLC grew its holdings in shares of Netflix by 82.4% in the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock valued at $27,000 after purchasing an additional 14 shares in the last quarter. Brown Shipley& Co Ltd purchased a new position in shares of Netflix in the 4th quarter worth $27,000. Transce3nd LLC purchased a new position in shares of Netflix in the 4th quarter worth $32,000. Pineridge Advisors LLC increased its holdings in shares of Netflix by 4,000.0% in the 4th quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network's stock worth $37,000 after buying an additional 40 shares during the last quarter. Finally, Copia Wealth Management purchased a new stake in shares of Netflix during the 4th quarter valued at about $37,000. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NFLX has been the topic of a number of recent research reports. Jefferies Financial Group upped their price objective on Netflix from $1,200.00 to $1,400.00 and gave the company a "buy" rating in a research report on Tuesday, June 3rd. BMO Capital Markets reissued an "outperform" rating and issued a $1,200.00 price objective (up previously from $1,175.00) on shares of Netflix in a research note on Friday, April 18th. Wells Fargo & Company boosted their target price on Netflix from $1,210.00 to $1,222.00 and gave the company an "overweight" rating in a research report on Monday, April 21st. FBN Securities started coverage on Netflix in a report on Thursday, March 27th. They issued an "outperform" rating and a $1,165.00 price target on the stock. Finally, Canaccord Genuity Group upped their price target on shares of Netflix from $1,200.00 to $1,380.00 and gave the stock a "buy" rating in a report on Friday, May 16th. Eleven analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Netflix has an average rating of "Moderate Buy" and an average price target of $1,149.91.

Insider Transactions at Netflix

In related news, Director Jay C. Hoag sold 32,515 shares of Netflix 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 completion of the sale, the director now owns 79,040 shares of the company's stock, valued at $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 available through this hyperlink. Also, CAO Jeffrey William Karbowski sold 480 shares of the stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $978.18, for a total transaction of $469,526.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 153,390 shares of company stock worth $170,509,439. Company insiders own 1.37% of the company's stock.

Netflix Price Performance

Shares of NASDAQ NFLX opened at $1,241.47 on Monday. Netflix, Inc. has a fifty-two week low of $587.04 and a fifty-two week high of $1,262.81. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. The company has a market cap of $528.33 billion, a PE ratio of 62.61, a P/E/G ratio of 2.12 and a beta of 1.59. The business has a 50-day simple moving average of $1,087.80 and a two-hundred day simple moving average of $989.18.

Netflix (NASDAQ:NFLX - Get Free Report) last released its earnings results on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, topping analysts' consensus estimates of $5.74 by $0.87. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The company had revenue of $10.54 billion during the quarter, compared to analysts' expectations of $10.51 billion. During the same period last year, the business earned $8.28 EPS. As a group, equities analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

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.

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