Private Advisor Group LLC Buys 1,227 Shares of Netflix, Inc. (NASDAQ:NFLX)

Private Advisor Group LLC increased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 4.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,253 shares of the Internet television network's stock after acquiring an additional 1,227 shares during the quarter. Private Advisor Group LLC's holdings in Netflix were worth $26,347,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Halbert Hargrove Global Advisors LLC raised its position in Netflix by 100.0% in the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock valued at $25,000 after purchasing an additional 13 shares during the last quarter. Brown Shipley& Co Ltd purchased a new position in shares of Netflix during the fourth quarter valued at approximately $27,000. Transce3nd LLC bought a new stake in shares of Netflix in the fourth quarter valued at $32,000. Copia Wealth Management bought a new stake in shares of Netflix during the 4th quarter valued at $37,000. Finally, Stuart Chaussee & Associates Inc. increased its stake in Netflix by 4,500.0% in the 4th quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock worth $41,000 after acquiring an additional 45 shares during the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Rosenblatt Securities raised their target price on Netflix from $1,514.00 to $1,515.00 and gave the company a "buy" rating in a research note on Friday. Seaport Res Ptn cut Netflix from a "strong-buy" rating to a "hold" rating in a research note on Sunday, July 6th. Macquarie raised their price objective on Netflix from $1,150.00 to $1,200.00 and gave the stock an "outperform" rating in a research report on Monday, April 21st. Bank of America lifted their price objective on Netflix from $1,175.00 to $1,490.00 and gave the company a "buy" rating in a research note on Friday, May 30th. Finally, The Goldman Sachs Group lifted their price objective on Netflix from $1,000.00 to $1,140.00 and gave the stock a "neutral" rating in a report on Wednesday, July 2nd. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Netflix presently has an average rating of "Moderate Buy" and a consensus target price of $1,291.41.

Insider Buying and Selling at Netflix

In other news, CFO Spencer Adam Neumann sold 2,601 shares of the business's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $1,211.67, for a total transaction of $3,151,553.67. Following the transaction, the chief financial officer owned 3,691 shares in the company, valued at approximately $4,472,273.97. The trade was a 41.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Reed Hastings sold 26,977 shares of the business's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $1,133.05, for a total transaction of $30,566,289.85. Following the transaction, the director owned 394 shares in the company, valued at approximately $446,421.70. The trade was a 98.56% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 186,723 shares of company stock worth $223,307,201. 1.37% of the stock is owned by corporate insiders.

Netflix Stock Performance

NASDAQ NFLX traded down $64.93 on Friday, hitting $1,209.24. 10,678,762 shares of the company's stock were exchanged, compared to its average volume of 3,762,863. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.20 and a quick ratio of 1.20. The firm's 50-day moving average price is $1,232.59 and its two-hundred day moving average price is $1,061.94. Netflix, Inc. has a fifty-two week low of $587.04 and a fifty-two week high of $1,341.15. The firm has a market cap of $514.62 billion, a price-to-earnings ratio of 51.52, a P/E/G ratio of 2.19 and a beta of 1.59.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, beating the consensus estimate of $7.07 by $0.12. Netflix had a return on equity of 43.00% and a net margin of 24.58%. The company had revenue of $11.08 billion during the quarter, compared to the consensus estimate of $11.04 billion. During the same period last year, the firm earned $4.88 earnings per share. The company's revenue was up 15.9% on a year-over-year basis. On average, research analysts expect that Netflix, Inc. will post 24.58 EPS for the current year.

About Netflix

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.