Putney Financial Group LLC Takes Position in Netflix, Inc. (NASDAQ:NFLX)

Putney Financial Group LLC purchased a new position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 385 shares of the Internet television network's stock, valued at approximately $343,000.

Several other institutional investors have also bought and sold shares of NFLX. Pathway Financial Advisers LLC grew its holdings in Netflix by 82.4% during the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock worth $27,000 after buying an additional 14 shares in the last quarter. Brown Shipley& Co Ltd bought a new stake in Netflix during the fourth quarter worth $27,000. Transce3nd LLC purchased a new position in Netflix in the fourth quarter worth $32,000. Newton One Investments LLC purchased a new position in Netflix in the fourth quarter worth $34,000. Finally, Pineridge Advisors LLC boosted its position in Netflix by 4,000.0% in the fourth quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network's stock worth $37,000 after purchasing an additional 40 shares during the last quarter. Institutional investors own 80.93% of the company's stock.

Insiders Place Their Bets

In other news, Director Ann Mather sold 1,358 shares of the company's stock in a transaction dated 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Bradford L. Smith sold 3,919 shares of the business's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $1,124.26, for a total value of $4,405,974.94. Following the completion of the sale, the director now owns 7,969 shares in the company, valued at $8,959,227.94. This represents a 32.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 132,868 shares of company stock valued at $138,483,256. Corporate insiders own 1.37% of the company's stock.

Netflix Stock Up 2.2%

Shares of Netflix stock traded up $26.18 on Tuesday, reaching $1,211.57. The company's stock had a trading volume of 2,916,636 shares, compared to its average volume of 3,754,011. The company has a market capitalization of $515.61 billion, a price-to-earnings ratio of 61.10, a P/E/G ratio of 2.12 and a beta of 1.58. The firm's fifty day simple moving average is $1,040.74 and its two-hundred day simple moving average is $965.67. Netflix, Inc. has a 52 week low of $587.04 and a 52 week high of $1,211.79. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56.

Netflix (NASDAQ:NFLX - Get Free Report) last posted 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. The business had revenue of $10.54 billion during the quarter, compared to analyst estimates of $10.51 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. During the same quarter last year, the company earned $8.28 EPS. Equities analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently commented on NFLX. BMO Capital Markets reaffirmed an "outperform" rating and set a $1,200.00 price target (up previously from $1,175.00) on shares of Netflix in a research report on Friday, April 18th. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $1,220.00 price objective (up from $1,150.00) on shares of Netflix in a research note on Monday, May 19th. Oppenheimer reiterated an "outperform" rating and set a $1,200.00 price objective (up from $1,150.00) on shares of Netflix in a research note on Friday, April 18th. Cfra Research upgraded Netflix to a "strong-buy" rating in a research note on Monday, April 28th. Finally, Wolfe Research set a $1,340.00 price objective on Netflix and gave the company an "outperform" rating in a research note on Friday, May 16th. Eleven analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Netflix has a consensus rating of "Moderate Buy" and a consensus price target of $1,102.79.

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.