Security National Bank of SO Dak Buys Shares of 269 Netflix, Inc. (NASDAQ:NFLX)

Security National Bank of SO Dak bought a new stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The firm bought 269 shares of the Internet television network's stock, valued at approximately $251,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Halbert Hargrove Global Advisors LLC lifted its stake in shares of Netflix by 100.0% in the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock worth $25,000 after acquiring an additional 13 shares during the period. Brown Shipley& Co Ltd acquired a new stake in shares of Netflix in the 4th quarter worth $27,000. Transce3nd LLC acquired a new stake in shares of Netflix in the fourth quarter valued at about $32,000. Copia Wealth Management acquired a new stake in shares of Netflix in the fourth quarter valued at about $37,000. Finally, Stuart Chaussee & Associates Inc. lifted its stake in shares of Netflix by 4,500.0% in the fourth 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 during the period. 80.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on NFLX shares. Jefferies Financial Group raised their price objective on shares of Netflix from $1,200.00 to $1,400.00 and gave the company a "buy" rating in a research note on Tuesday, June 3rd. Wedbush reiterated an "outperform" rating and issued a $1,200.00 price objective on shares of Netflix in a research note on Monday, May 5th. Needham & Company LLC reiterated a "buy" rating and issued a $1,126.00 price objective on shares of Netflix in a research note on Thursday, April 17th. KeyCorp raised their price objective on shares of Netflix from $1,000.00 to $1,070.00 and gave the company an "overweight" rating in a research note on Monday, April 21st. Finally, Evercore ISI restated an "outperform" rating on shares of Netflix in a research report on Thursday, May 15th. Eleven investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,182.58.

Netflix Trading Down 0.6%

NFLX traded down $7.56 during trading on Monday, hitting $1,289.62. 2,271,110 shares of the company's stock were exchanged, compared to its average volume of 3,760,110. 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, Inc. has a 1 year low of $587.04 and a 1 year high of $1,341.15. The stock has a 50 day moving average price of $1,207.87 and a 200 day moving average price of $1,038.56. The firm has a market cap of $548.82 billion, a P/E ratio of 60.95, a price-to-earnings-growth ratio of 2.35 and a beta of 1.59.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings data 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. 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 the consensus estimate of $10.51 billion. During the same period in the previous year, the firm earned $8.28 earnings per share. As a group, analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Activity

In related news, Director Jay C. Hoag sold 32,515 shares of the company's stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $1,101.97, for a total value of $35,830,554.55. Following the sale, the director directly owned 79,040 shares of the company's stock, valued at $87,099,708.80. This represents a 29.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Bradford L. Smith sold 3,919 shares of the company's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $1,124.26, for a total transaction of $4,405,974.94. Following the completion of the sale, the director directly owned 7,969 shares in the company, valued at $8,959,227.94. This represents a 32.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 186,723 shares of company stock valued at $223,307,201. 1.37% of the stock is currently owned by company insiders.

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.