Netflix, Inc. (NASDAQ:NFLX) Shares Purchased by SFE Investment Counsel

SFE Investment Counsel increased its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 17.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,455 shares of the Internet television network's stock after purchasing an additional 220 shares during the quarter. SFE Investment Counsel's holdings in Netflix were worth $1,357,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in the stock. GAMMA Investing LLC raised its holdings 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. Norges Bank purchased a new position in Netflix in the 4th quarter worth about $5,019,087,000. Arrowstreet Capital Limited Partnership lifted its stake in Netflix by 59.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,301,098 shares of the Internet television network's stock valued at $2,051,016,000 after acquiring an additional 856,307 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in shares of Netflix by 318.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 976,924 shares of the Internet television network's stock valued at $870,752,000 after acquiring an additional 743,724 shares during the last quarter. Finally, Northern Trust Corp grew its stake in shares of Netflix by 14.3% in the fourth quarter. Northern Trust Corp now owns 4,574,006 shares of the Internet television network's stock worth $4,076,903,000 after acquiring an additional 570,674 shares during the period. Institutional investors own 80.93% of the company's stock.

Insider Activity at Netflix

In other Netflix news, Director Bradford L. Smith sold 3,919 shares of the business's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $1,124.26, for a total value of $4,405,974.94. Following the completion of the transaction, the director owned 7,969 shares in the company, valued at $8,959,227.94. The trade was a 32.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Spencer Adam Neumann sold 2,601 shares of the business's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $1,211.67, for a total value of $3,151,553.67. Following the transaction, the chief financial officer directly owned 3,691 shares of the company's stock, valued at approximately $4,472,273.97. This represents a 41.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 185,923 shares of company stock worth $222,445,095. 1.37% of the stock is owned by corporate insiders.

Netflix Trading Down 0.0%

Shares of NFLX traded down $0.27 during mid-day trading on Friday, reaching $1,180.49. The stock had a trading volume of 2,624,404 shares, compared to its average volume of 3,928,007. Netflix, Inc. has a 52-week low of $587.04 and a 52-week high of $1,341.15. The firm has a market cap of $501.63 billion, a price-to-earnings ratio of 50.30, a P/E/G ratio of 1.99 and a beta of 1.59. The business's fifty day moving average is $1,236.66 and its 200 day moving average is $1,069.32. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.34 and a quick ratio of 1.20.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.07 by $0.12. Netflix had a return on equity of 42.50% and a net margin of 24.58%. The company had revenue of $11.08 billion during the quarter, compared to analysts' expectations of $11.04 billion. During the same quarter last year, the firm earned $4.88 earnings per share. The firm's quarterly revenue was up 15.9% compared to the same quarter last year. On average, sell-side analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Analysts Set New Price Targets

NFLX has been the subject of several research analyst reports. Bank of America lifted their price objective on Netflix from $1,175.00 to $1,490.00 and gave the stock a "buy" rating in a report on Friday, May 30th. Evercore ISI reissued an "outperform" rating on shares of Netflix in a research report on Thursday, May 15th. The Goldman Sachs Group upped their price target on shares of Netflix from $1,000.00 to $1,140.00 and gave the company a "neutral" rating in a research report on Wednesday, July 2nd. Cfra Research raised shares of Netflix to a "strong-buy" rating in a report on Monday, April 28th. Finally, Jefferies Financial Group set a $1,500.00 target price on shares of Netflix and gave the company a "buy" rating in a research report on Friday, July 18th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $1,297.66.

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.