289 Shares in Netflix, Inc. (NASDAQ:NFLX) Acquired by S. R. Schill & Associates

S. R. Schill & Associates acquired a new position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 289 shares of the Internet television network's stock, valued at approximately $270,000. Netflix makes up approximately 0.2% of S. R. Schill & Associates' portfolio, making the stock its 24th largest holding.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. increased its position in Netflix by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 37,488,005 shares of the Internet television network's stock worth $33,413,809,000 after buying an additional 171,712 shares during the last quarter. FMR LLC increased its position in Netflix by 1.8% during the fourth quarter. FMR LLC now owns 20,887,090 shares of the Internet television network's stock worth $18,617,081,000 after buying an additional 375,234 shares during the last quarter. Geode Capital Management LLC increased its position in Netflix by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 9,323,952 shares of the Internet television network's stock worth $8,287,823,000 after buying an additional 175,596 shares during the last quarter. GAMMA Investing LLC increased its position in Netflix by 109,524.3% during the first quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network's stock worth $8,239,576,000 after buying an additional 8,827,662 shares during the last quarter. Finally, Norges Bank acquired a new position in Netflix during the fourth quarter worth $5,019,087,000. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Netflix Price Performance

NFLX traded up $1.62 during midday trading on Thursday, reaching $1,222.29. 2,277,207 shares of the company's stock were exchanged, compared to its average volume of 3,745,034. The firm has a market capitalization of $520.17 billion, a price-to-earnings ratio of 57.76, a price-to-earnings-growth ratio of 2.36 and a beta of 1.59. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.58. Netflix, Inc. has a one year low of $587.04 and a one year high of $1,262.81. The business has a 50-day simple moving average of $1,144.53 and a two-hundred day simple moving average of $1,008.57.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.74 by $0.87. Netflix had a net margin of 23.07% and a return on equity of 39.61%. The company had revenue of $10.54 billion during the quarter, compared to analysts' expectations of $10.51 billion. During the same quarter in the previous year, the company posted $8.28 earnings per share. As a group, research analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Activity

In related news, CFO Spencer Adam Neumann sold 2,601 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $921.72, for a total value of $2,397,393.72. Following the completion of the transaction, the chief financial officer now owns 3,691 shares in the company, valued at $3,402,068.52. The trade was a 41.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Jay C. Hoag sold 31,750 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $1,252.35, for a total transaction of $39,762,112.50. Following the completion of the transaction, the director now owns 63,040 shares of the company's stock, valued at $78,948,144. This trade represents a 33.50% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 185,140 shares of company stock worth $210,271,552. Insiders own 1.37% of the company's stock.

Wall Street Analysts Forecast Growth

NFLX has been the topic of several research analyst reports. Piper Sandler set a $1,150.00 price target on Netflix and gave the company an "overweight" rating in a research report on Monday, April 21st. Wolfe Research set a $1,340.00 price target on Netflix and gave the company an "outperform" rating in a research report on Friday, May 16th. Guggenheim reaffirmed a "buy" rating and issued a $1,150.00 price target (up from $1,100.00) on shares of Netflix in a research report on Friday, April 18th. KeyCorp raised their price target on Netflix from $1,000.00 to $1,070.00 and gave the company an "overweight" rating in a research report on Monday, April 21st. Finally, Jefferies Financial Group raised their price target on Netflix from $1,200.00 to $1,400.00 and gave the company a "buy" rating in a research report on Tuesday, June 3rd. 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 company's stock. Based on data from MarketBeat.com, Netflix presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,156.73.

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.