Strategic Advisors LLC Boosts Position in Netflix, Inc. (NASDAQ:NFLX)

Strategic Advisors LLC increased its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 95.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,168 shares of the Internet television network's stock after acquiring an additional 1,057 shares during the quarter. Strategic Advisors LLC's holdings in Netflix were worth $2,022,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Brown Shipley& Co Ltd purchased a new stake in shares of Netflix in the fourth quarter worth $27,000. Transce3nd LLC purchased a new stake in Netflix during the 4th quarter valued at about $32,000. Copia Wealth Management bought a new stake in Netflix during the 4th quarter valued at about $37,000. Stuart Chaussee & Associates Inc. raised its holdings in Netflix by 4,500.0% in the fourth quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock worth $41,000 after buying an additional 45 shares during the last quarter. Finally, NewSquare Capital LLC lifted its stake in shares of Netflix by 120.0% in the fourth quarter. NewSquare Capital LLC now owns 55 shares of the Internet television network's stock worth $49,000 after buying an additional 30 shares in the last quarter. Institutional investors own 80.93% of the company's stock.

Analyst Upgrades and Downgrades

NFLX has been the subject of a number of research analyst reports. Guggenheim reaffirmed a "buy" rating and issued a $1,150.00 target price (up previously from $1,100.00) on shares of Netflix in a research report on Friday, April 18th. Jefferies Financial Group lifted their price objective on Netflix from $1,200.00 to $1,400.00 and gave the stock a "buy" rating in a report on Tuesday, June 3rd. Canaccord Genuity Group increased their target price on Netflix from $1,200.00 to $1,380.00 and gave the company a "buy" rating in a report on Friday, May 16th. Piper Sandler set a $1,150.00 target price on Netflix and gave the stock an "overweight" rating in a research report on Monday, April 21st. Finally, FBN Securities assumed coverage on shares of Netflix in a report on Thursday, March 27th. They set an "outperform" rating and a $1,165.00 target price for the company. Eleven 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 data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $1,156.73.

Insider Buying and Selling at Netflix

In other news, CFO Spencer Adam Neumann sold 2,601 shares of Netflix stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $921.72, for a total transaction of $2,397,393.72. Following the completion of the transaction, the chief financial officer now directly owns 3,691 shares of the company's stock, valued at $3,402,068.52. The trade was a 41.34% decrease in their position. The transaction was disclosed in a document filed 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 on Tuesday, April 1st. The stock was sold at an average price of $921.15, for a total transaction of $23,360,364.00. Following the sale, the chairman now directly owns 394 shares in the company, valued at $362,933.10. This trade represents a 98.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 185,140 shares of company stock valued at $210,271,552. 1.37% of the stock is owned by insiders.

Netflix Stock Performance

Shares of NFLX stock opened at $1,225.35 on Tuesday. The business has a fifty day moving average of $1,127.47 and a 200 day moving average of $1,003.32. Netflix, Inc. has a 1 year low of $587.04 and a 1 year high of $1,262.81. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. The firm has a market capitalization of $521.47 billion, a price-to-earnings ratio of 61.79, a price-to-earnings-growth ratio of 2.12 and a beta of 1.59.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, topping the consensus estimate of $5.74 by $0.87. The company had revenue of $10.54 billion for the quarter, compared to the consensus estimate of $10.51 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. During the same quarter in the prior year, the company earned $8.28 EPS. As a group, research analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current year.

Netflix Company 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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