Netflix, Inc. (NASDAQ:NFLX) Shares Acquired by SeaCrest Wealth Management LLC

SeaCrest Wealth Management LLC increased its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 6.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,055 shares of the Internet television network's stock after purchasing an additional 230 shares during the quarter. SeaCrest Wealth Management LLC's holdings in Netflix were worth $3,781,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Janus Henderson Group PLC increased its position in shares of Netflix by 8.7% during the fourth quarter. Janus Henderson Group PLC now owns 1,377,081 shares of the Internet television network's stock worth $1,227,468,000 after acquiring an additional 110,432 shares in the last quarter. PharVision Advisers LLC purchased a new stake in Netflix in the fourth quarter worth approximately $873,000. First National Trust Co lifted its stake in Netflix by 1.0% in the fourth quarter. First National Trust Co now owns 1,258 shares of the Internet television network's stock worth $1,121,000 after purchasing an additional 12 shares during the last quarter. Haven Private LLC purchased a new stake in shares of Netflix during the fourth quarter valued at approximately $733,000. Finally, Sigma Planning Corp increased its stake in shares of Netflix by 7.4% during the fourth quarter. Sigma Planning Corp now owns 5,572 shares of the Internet television network's stock valued at $4,966,000 after buying an additional 386 shares during the period. 80.93% of the stock is currently owned by institutional investors.

Netflix Stock Performance

Shares of NFLX traded down $9.05 during mid-day trading on Friday, hitting $1,241.47. 2,554,452 shares of the company's stock were exchanged, compared to its average volume of 3,750,050. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. Netflix, Inc. has a fifty-two week low of $587.04 and a fifty-two week high of $1,262.81. The business's 50 day moving average is $1,087.80 and its two-hundred day moving average is $987.81. The firm has a market capitalization of $528.33 billion, a P/E ratio of 62.61, a P/E/G ratio of 2.12 and a beta of 1.59.

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 the consensus estimate of $5.74 by $0.87. The firm had revenue of $10.54 billion during the quarter, compared to analysts' expectations of $10.51 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. During the same period in the prior year, the company posted $8.28 earnings per share. On average, equities analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on NFLX shares. UBS Group upped their target price on shares of Netflix from $1,150.00 to $1,450.00 and gave the stock a "buy" rating in a research report on Wednesday. Robert W. Baird upped their price objective on shares of Netflix from $1,200.00 to $1,300.00 and gave the stock an "outperform" rating in a report on Friday, May 16th. Morgan Stanley raised their target price on shares of Netflix from $1,150.00 to $1,200.00 and gave the company an "overweight" rating in a research note on Monday, April 21st. FBN Securities initiated coverage on Netflix in a research report on Thursday, March 27th. They issued an "outperform" rating and a $1,165.00 price target on the stock. Finally, Macquarie raised their price objective on Netflix from $1,150.00 to $1,200.00 and gave the company an "outperform" rating in a research report on Monday, April 21st. Eleven research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Netflix presently has an average rating of "Moderate Buy" and an average target price of $1,149.91.

Insider Activity at Netflix

In other news, CAO Jeffrey William Karbowski sold 640 shares of the company's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $1,194.77, for a total value of $764,652.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Reed Hastings sold 25,360 shares of the stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $921.15, for a total value of $23,360,364.00. Following the completion of the transaction, the chairman now directly owns 394 shares of the company's stock, valued at $362,933.10. This represents a 98.47% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 153,390 shares of company stock valued at $170,509,439. 1.37% of the stock is owned by insiders.

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.