Sequoia Financial Advisors LLC Grows Holdings in Netflix, Inc. (NASDAQ:NFLX)

Sequoia Financial Advisors LLC lifted its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 4.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,696 shares of the Internet television network's stock after acquiring an additional 622 shares during the period. Sequoia Financial Advisors LLC's holdings in Netflix were worth $13,705,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Netflix by 0.5% in 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 in the last quarter. FMR LLC grew 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 in the last quarter. Geode Capital Management LLC increased its stake in Netflix by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 9,323,952 shares of the Internet television network's stock worth $8,287,823,000 after acquiring an additional 175,596 shares during the last quarter. GAMMA Investing LLC increased its stake in Netflix by 109,524.3% in the 1st quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network's stock worth $8,239,576,000 after acquiring an additional 8,827,662 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Netflix during the 4th quarter valued at about $5,019,087,000. 80.93% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

NFLX has been the topic of several research analyst reports. Loop Capital restated a "hold" rating on shares of Netflix in a research report on Monday, March 24th. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $1,220.00 price target (up previously from $1,150.00) on shares of Netflix in a report on Monday, May 19th. Evercore ISI reaffirmed an "outperform" rating on shares of Netflix in a report on Thursday, May 15th. Phillip Securities upgraded shares of Netflix from a "moderate sell" rating to a "hold" rating in a research report on Monday, April 21st. Finally, Barclays raised their price target on Netflix from $900.00 to $1,000.00 and gave the company an "equal weight" rating in a research report on Monday, April 21st. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $1,172.73.

Insider Activity

In other Netflix news, Director Ann Mather sold 1,090 shares of the company's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $1,250.00, for a total transaction of $1,362,500.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jay C. Hoag sold 31,750 shares of the 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 value of $39,762,112.50. Following the completion of the transaction, the director directly owned 63,040 shares of the company's stock, valued at $78,948,144. This represents a 33.50% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 185,280 shares of company stock worth $210,599,866. 1.37% of the stock is owned by company insiders.

Netflix Trading Up 1.2%

Shares of NFLX stock traded up $16.01 during trading hours on Monday, reaching $1,339.13. The company's stock had a trading volume of 3,274,314 shares, compared to its average volume of 3,745,429. 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 one year low of $587.04 and a one year high of $1,341.15. The stock has a market capitalization of $569.89 billion, a P/E ratio of 63.29, a P/E/G ratio of 2.56 and a beta of 1.59. The firm's fifty day simple moving average is $1,190.27 and its 200 day simple moving average is $1,027.81.

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

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.