Netflix, Inc. (NASDAQ:NFLX) Shares Acquired by Roundview Capital LLC

Roundview Capital LLC lifted its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 7.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,762 shares of the Internet television network's stock after purchasing an additional 378 shares during the period. Roundview Capital LLC's holdings in Netflix were worth $5,373,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of NFLX. Halbert Hargrove Global Advisors LLC increased its stake in shares of Netflix by 100.0% during 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 in the last quarter. Brown Shipley& Co Ltd bought a new stake in shares of Netflix during the fourth quarter valued at approximately $27,000. Transce3nd LLC bought a new stake in shares of Netflix during the fourth quarter valued at approximately $32,000. Copia Wealth Management bought a new stake in shares of Netflix during the fourth quarter valued at approximately $37,000. Finally, Barnes Dennig Private Wealth Management LLC bought a new stake in shares of Netflix during the first quarter valued at approximately $42,000. 80.93% of the stock is owned by institutional investors.

Insider Activity

In other Netflix news, Director Reed Hastings sold 26,977 shares of Netflix stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $1,133.05, for a total value of $30,566,289.85. Following the completion of the transaction, the director owned 394 shares of the company's stock, valued at approximately $446,421.70. The trade was a 98.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jay C. Hoag sold 32,515 shares of Netflix stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $1,101.97, for a total transaction of $35,830,554.55. Following the completion of the transaction, the director directly owned 79,040 shares of the company's stock, valued at $87,099,708.80. The trade was a 29.15% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 185,923 shares of company stock worth $222,445,095 over the last three months. Corporate insiders own 1.37% of the company's stock.

Netflix Stock Down 0.0%

NASDAQ:NFLX traded down $0.27 during midday trading on Friday, reaching $1,180.49. 2,583,635 shares of the stock traded hands, compared to its average volume of 4,301,109. Netflix, Inc. has a 12-month low of $587.04 and a 12-month high of $1,341.15. The business has a 50-day moving average of $1,236.66 and a two-hundred day moving average of $1,069.32. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.20 and a current ratio of 1.34. The stock has a market capitalization of $501.63 billion, a PE ratio of 50.30, a price-to-earnings-growth ratio of 1.98 and a beta of 1.59.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $7.07 by $0.12. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The business had revenue of $11.08 billion during the quarter, compared to analysts' expectations of $11.04 billion. During the same quarter last year, the company posted $4.88 earnings per share. The business's quarterly revenue was up 15.9% on a year-over-year basis. On average, equities analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Moffett Nathanson reissued a "buy" rating and set a $1,150.00 price target (up previously from $1,100.00) on shares of Netflix in a research report on Friday, April 18th. Phillip Securities downgraded shares of Netflix from a "hold" rating to a "strong sell" rating in a research report on Monday. TD Cowen raised their target price on shares of Netflix from $1,440.00 to $1,450.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Barclays restated a "sell" rating and issued a $1,100.00 target price (up previously from $1,000.00) on shares of Netflix in a report on Wednesday, July 9th. Finally, KeyCorp raised their target price on shares of Netflix from $1,070.00 to $1,390.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Netflix currently has an average rating of "Moderate Buy" and an average price target of $1,297.66.

Netflix 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.