Strategic Blueprint LLC Has $3.41 Million Position in Netflix, Inc. (NASDAQ:NFLX)

Strategic Blueprint LLC increased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 43.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,654 shares of the Internet television network's stock after acquiring an additional 1,111 shares during the quarter. Strategic Blueprint LLC's holdings in Netflix were worth $3,408,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Halbert Hargrove Global Advisors LLC grew its stake in Netflix by 100.0% during the 1st 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 last quarter. Brown Shipley& Co Ltd acquired a new position in shares of Netflix during the fourth quarter valued at $27,000. Transce3nd LLC acquired a new position in shares of Netflix during the fourth quarter valued at $32,000. Copia Wealth Management bought a new position in shares of Netflix during the fourth quarter worth about $37,000. Finally, Stuart Chaussee & Associates Inc. grew its position in shares of Netflix by 4,500.0% during the fourth quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock worth $41,000 after acquiring an additional 45 shares during the last quarter. Institutional investors own 80.93% of the company's stock.

Insider Transactions at Netflix

In related news, Director Reed Hastings sold 9,673 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $1,329.11, for a total transaction of $12,856,481.03. Following the completion of the sale, the director directly owned 394 shares in the company, valued at approximately $523,669.34. This trade represents a 96.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Ann Mather sold 1,090 shares of the company's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $1,250.00, for a total transaction of $1,362,500.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 186,723 shares of company stock worth $223,307,201. 1.37% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on NFLX shares. Wells Fargo & Company boosted their target price on shares of Netflix from $1,222.00 to $1,500.00 and gave the company an "overweight" rating in a research note on Friday, June 20th. Piper Sandler set a $1,150.00 price target on Netflix and gave the company an "overweight" rating in a report on Monday, April 21st. Robert W. Baird boosted their price objective on Netflix from $1,200.00 to $1,300.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. Wolfe Research set a $1,340.00 target price on Netflix and gave the company an "outperform" rating in a research report on Friday, May 16th. Finally, UBS Group boosted their price target on Netflix from $1,150.00 to $1,450.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Eleven 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 company presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,182.58.

Netflix Trading Up 0.8%

Shares of NASDAQ:NFLX traded up $10.38 during mid-day trading on Friday, hitting $1,295.24. The stock had a trading volume of 2,006,224 shares, compared to its average volume of 3,761,661. The company's 50 day moving average is $1,207.87 and its 200-day moving average is $1,036.59. Netflix, Inc. has a 12-month low of $587.04 and a 12-month high of $1,341.15. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.20 and a current ratio of 1.20. The company has a market cap of $551.21 billion, a PE ratio of 61.21, a P/E/G ratio of 2.35 and a beta of 1.59.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its 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. 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 23.07% and a return on equity of 39.61%. During the same period in the previous year, the business earned $8.28 EPS. On average, sell-side analysts predict that Netflix, Inc. will post 24.58 EPS for the current 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.