Princeton Global Asset Management LLC Acquires 243 Shares of Netflix, Inc. (NASDAQ:NFLX)

Princeton Global Asset Management LLC increased its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 517.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 290 shares of the Internet television network's stock after acquiring an additional 243 shares during the period. Princeton Global Asset Management LLC's holdings in Netflix were worth $270,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of NFLX. GAMMA Investing LLC grew its holdings in shares of Netflix by 109,524.3% in the first quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network's stock valued at $8,239,576,000 after acquiring an additional 8,827,662 shares in the last quarter. Norges Bank purchased a new stake in shares of Netflix in the fourth quarter worth $5,019,087,000. Proficio Capital Partners LLC raised its position 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 buying an additional 1,924,423 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of 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 worth $2,051,016,000 after buying an additional 856,307 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in Netflix by 318.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 976,924 shares of the Internet television network's stock valued at $870,752,000 after purchasing an additional 743,724 shares in the last quarter. 80.93% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Netflix news, Director Ann Mather sold 1,358 shares of the stock in a transaction on Friday, May 9th. The stock was sold at an average price of $1,150.00, for a total value of $1,561,700.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Spencer Adam Neumann sold 2,601 shares of the stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $1,211.67, for a total value of $3,151,553.67. Following the completion of the sale, the chief financial officer now owns 3,691 shares of the company's stock, valued at $4,472,273.97. The trade was a 41.34% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 153,390 shares of company stock worth $170,509,439. Corporate insiders own 1.37% of the company's stock.

Netflix Price Performance

Shares of NFLX opened at $1,241.47 on Friday. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. The firm 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. Netflix, Inc. has a 1-year low of $587.04 and a 1-year high of $1,262.81. The firm has a fifty day simple moving average of $1,087.80 and a two-hundred day simple moving average of $988.53.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings data 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 return on equity of 38.32% and a net margin of 22.34%. The firm had revenue of $10.54 billion during the quarter, compared to analyst estimates of $10.51 billion. During the same period in the prior year, the business posted $8.28 EPS. On average, equities analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. UBS Group raised their price target on Netflix from $1,150.00 to $1,450.00 and gave the company a "buy" rating in a research report on Wednesday. Oppenheimer restated an "outperform" rating and set a $1,200.00 price target (up previously from $1,150.00) on shares of Netflix in a report on Friday, April 18th. Wolfe Research set a $1,340.00 price objective on Netflix and gave the company an "outperform" rating in a research report on Friday, May 16th. Barclays lifted their price objective on Netflix from $900.00 to $1,000.00 and gave the company an "equal weight" rating in a research report on Monday, April 21st. Finally, Bank of America boosted their price target on Netflix from $1,175.00 to $1,490.00 and gave the stock a "buy" rating in a research report on Friday, May 30th. 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. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $1,149.91.

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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