Shilanski & Associates Inc. Invests $205,000 in Netflix, Inc. (NASDAQ:NFLX)

Shilanski & Associates Inc. purchased a new stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 220 shares of the Internet television network's stock, valued at approximately $205,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Halbert Hargrove Global Advisors LLC increased its position in Netflix by 100.0% during the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock worth $25,000 after buying an additional 13 shares during the period. Brown Shipley& Co Ltd purchased a new position in shares of Netflix during the fourth quarter worth approximately $27,000. Transce3nd LLC acquired a new position in shares of Netflix in the 4th quarter valued at $32,000. Copia Wealth Management acquired a new position in shares of Netflix in the 4th quarter valued at $37,000. Finally, Stuart Chaussee & Associates Inc. raised its position in Netflix by 4,500.0% in the 4th 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 last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CAO Jeffrey William Karbowski sold 620 shares of the firm's stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $1,286.84, for a total transaction of $797,840.80. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Gregory K. Peters sold 2,027 shares of the business's stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $1,141.51, for a total value of $2,313,840.77. Following the completion of the transaction, the chief executive officer now owns 12,781 shares of the company's stock, valued at $14,589,639.31. This trade represents a 13.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 185,280 shares of company stock valued at $210,599,866. Corporate insiders own 1.37% of the company's stock.

Analysts Set New Price Targets

Several research analysts have issued reports on NFLX shares. Needham & Company LLC reissued a "buy" rating and set a $1,126.00 price objective on shares of Netflix in a research report on Thursday, April 17th. Jefferies Financial Group increased their target price on shares of Netflix from $1,200.00 to $1,400.00 and gave the stock a "buy" rating in a research note on Tuesday, June 3rd. Robert W. Baird boosted their price target on Netflix from $1,200.00 to $1,300.00 and gave the company an "outperform" rating in a research report on Friday, May 16th. Guggenheim reaffirmed a "buy" rating and set a $1,150.00 price objective (up from $1,100.00) on shares of Netflix in a research note on Friday, April 18th. Finally, Bank of America lifted their target price on Netflix from $1,175.00 to $1,490.00 and gave the company a "buy" rating in a research note on Friday, May 30th. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $1,172.73.

Netflix Price Performance

Shares of NASDAQ NFLX opened at $1,323.12 on Monday. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.58. The company's 50-day moving average price is $1,183.25 and its 200 day moving average price is $1,024.87. Netflix, Inc. has a 52 week low of $587.04 and a 52 week high of $1,331.35. The stock has a market cap of $563.08 billion, a price-to-earnings ratio of 62.53, a PEG ratio of 2.56 and a beta of 1.59.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to the consensus estimate of $10.51 billion. During the same quarter in the prior year, the firm earned $8.28 earnings per share. As a group, research analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

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.

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