RWQ Financial Management Services Inc. Buys 10,589 Shares of Netflix, Inc. (NASDAQ:NFLX)

RWQ Financial Management Services Inc. increased its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 371.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,440 shares of the Internet television network's stock after acquiring an additional 10,589 shares during the period. Netflix makes up about 8.3% of RWQ Financial Management Services Inc.'s portfolio, making the stock its 4th biggest holding. RWQ Financial Management Services Inc.'s holdings in Netflix were worth $12,533,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Halbert Hargrove Global Advisors LLC raised its position in 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 acquiring an additional 13 shares in the last quarter. Brown Shipley& Co Ltd purchased a new position in shares of Netflix in the 4th quarter valued at about $27,000. Transce3nd LLC purchased a new position in shares of Netflix in the 4th quarter valued at about $32,000. Copia Wealth Management purchased a new position in shares of Netflix in the 4th quarter valued at about $37,000. Finally, Stuart Chaussee & Associates Inc. increased its stake in shares of Netflix by 4,500.0% in the 4th quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock valued at $41,000 after purchasing an additional 45 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on NFLX shares. Macquarie lifted their price target on Netflix from $1,150.00 to $1,200.00 and gave the company an "outperform" rating in a research note on Monday, April 21st. Guggenheim restated a "buy" rating and issued a $1,150.00 price target (up previously from $1,100.00) on shares of Netflix in a research note on Friday, April 18th. Wolfe Research set a $1,340.00 price target on Netflix and gave the company an "outperform" rating in a research note on Friday, May 16th. Robert W. Baird boosted their price objective on Netflix from $1,200.00 to $1,300.00 and gave the stock an "outperform" rating in a research note on Friday, May 16th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $1,500.00 price objective on shares of Netflix in a research note on Friday. One analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Netflix currently has a consensus rating of "Moderate Buy" and an average target price of $1,275.30.

Netflix Trading Down 5.1%

NASDAQ:NFLX traded down $64.93 during trading hours on Friday, reaching $1,209.24. 10,678,762 shares of the stock were exchanged, compared to its average volume of 3,802,088. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.58. The business has a 50-day moving average of $1,231.20 and a two-hundred day moving average of $1,058.57. Netflix, Inc. has a twelve month low of $587.04 and a twelve month high of $1,341.15. The company has a market capitalization of $514.62 billion, a price-to-earnings ratio of 57.15, a PEG ratio of 2.26 and a beta of 1.59.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, topping analysts' consensus estimates of $7.07 by $0.12. Netflix had a return on equity of 39.61% and a net margin of 23.07%. The company had revenue of $11.08 billion for the quarter, compared to analysts' expectations of $11.04 billion. During the same period in the prior year, the firm earned $4.88 earnings per share. The firm's revenue was up 15.9% compared to the same quarter last year. On average, equities analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Transactions at Netflix

In other news, Director Bradford L. Smith sold 3,919 shares of the stock in a transaction on 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 sale, the director directly owned 7,969 shares in the company, valued at approximately $8,959,227.94. This trade represents a 32.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Reed Hastings sold 26,977 shares of the 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 sale, the director owned 394 shares in the company, valued at approximately $446,421.70. The trade was a 98.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 186,723 shares of company stock valued at $223,307,201 over the last three months. 1.37% of the stock is currently owned by company insiders.

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.