Rappaport Reiches Capital Management LLC Buys 248 Shares of Netflix, Inc. (NASDAQ:NFLX)

Rappaport Reiches Capital Management LLC boosted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 7.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,482 shares of the Internet television network's stock after purchasing an additional 248 shares during the period. Netflix comprises 0.8% of Rappaport Reiches Capital Management LLC's portfolio, making the stock its 19th biggest holding. Rappaport Reiches Capital Management LLC's holdings in Netflix were worth $3,247,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. West Michigan Advisors LLC boosted its position in shares of Netflix by 1.3% in the fourth quarter. West Michigan Advisors LLC now owns 776 shares of the Internet television network's stock valued at $692,000 after acquiring an additional 10 shares during the period. Warwick Investment Management Inc. raised its stake in Netflix by 3.5% in the fourth quarter. Warwick Investment Management Inc. now owns 298 shares of the Internet television network's stock valued at $266,000 after purchasing an additional 10 shares in the last quarter. MRP Capital Investments LLC raised its stake in Netflix by 1.0% in the fourth quarter. MRP Capital Investments LLC now owns 1,052 shares of the Internet television network's stock valued at $938,000 after purchasing an additional 10 shares in the last quarter. Bedell Frazier Investment Counselling LLC raised its stake in Netflix by 2.2% in the fourth quarter. Bedell Frazier Investment Counselling LLC now owns 462 shares of the Internet television network's stock valued at $412,000 after purchasing an additional 10 shares in the last quarter. Finally, Mission Creek Capital Partners Inc. raised its stake in Netflix by 0.3% in the fourth quarter. Mission Creek Capital Partners Inc. now owns 3,826 shares of the Internet television network's stock valued at $3,410,000 after purchasing an additional 10 shares in the last quarter. Institutional investors own 80.93% of the company's stock.

Netflix Trading Up 1.8%

NFLX stock traded up $22.13 during trading on Monday, hitting $1,253.54. The company had a trading volume of 2,653,868 shares, compared to its average volume of 3,748,578. The business has a 50-day moving average of $1,150.80 and a 200-day moving average of $1,012.19. Netflix, Inc. has a one year low of $587.04 and a one year high of $1,262.81. The stock has a market cap of $533.47 billion, a PE ratio of 59.24, a PEG ratio of 2.38 and a beta of 1.59. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.58.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly 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. The firm had revenue of $10.54 billion for the quarter, compared to analysts' expectations of $10.51 billion. Netflix had a return on equity of 39.61% and a net margin of 23.07%. During the same period in the prior year, the business earned $8.28 EPS. Research analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Spencer Adam Neumann sold 2,601 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $921.72, for a total transaction of $2,397,393.72. Following the transaction, the chief financial officer now directly owns 3,691 shares of the company's stock, valued at $3,402,068.52. This represents a 41.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Ann Mather sold 1,090 shares of the company's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $1,250.00, for a total value of $1,362,500.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 185,140 shares of company stock worth $210,271,552. Corporate insiders own 1.37% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Canaccord Genuity Group boosted their price target on Netflix from $1,200.00 to $1,380.00 and gave the company a "buy" rating in a research note on Friday, May 16th. Pivotal Research boosted their price target on Netflix from $1,350.00 to $1,600.00 and gave the company a "buy" rating in a research note on Friday. Loop Capital reaffirmed a "hold" rating on shares of Netflix in a research note on Monday, March 24th. Phillip Securities raised Netflix from a "moderate sell" rating to a "hold" rating in a research note 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 company a "buy" rating in a research note on Friday, May 30th. Eleven analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $1,172.73.

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.