TD Private Client Wealth LLC Boosts Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

TD Private Client Wealth LLC increased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 54.5% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 7,892 shares of the Internet television network's stock after purchasing an additional 2,783 shares during the period. TD Private Client Wealth LLC's holdings in Netflix were worth $7,360,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of NFLX. Halbert Hargrove Global Advisors LLC grew its position in shares of Netflix by 100.0% in the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock valued at $25,000 after purchasing an additional 13 shares during the last quarter. Brown Shipley& Co Ltd acquired a new position in Netflix in the 4th quarter valued at $27,000. Transce3nd LLC acquired a new position in Netflix in the 4th quarter valued at $32,000. Copia Wealth Management bought a new position in Netflix during the 4th quarter worth $37,000. Finally, Stuart Chaussee & Associates Inc. lifted its holdings 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 buying an additional 45 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. BMO Capital Markets restated an "outperform" rating and issued a $1,200.00 price target (up from $1,175.00) on shares of Netflix in a research note on Friday, April 18th. Macquarie increased their target price on shares of Netflix from $1,150.00 to $1,200.00 and gave the stock an "outperform" rating in a research report on Monday, April 21st. Rosenblatt Securities raised their target price on shares of Netflix from $1,494.00 to $1,514.00 and gave the stock a "buy" rating in a report on Monday, April 21st. The Goldman Sachs Group boosted their price target on Netflix from $1,000.00 to $1,140.00 and gave the company a "neutral" rating in a research note on Wednesday, July 2nd. Finally, Wolfe Research set a $1,340.00 price target on Netflix and gave the stock an "outperform" rating in a research report on Friday, May 16th. Eleven investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $1,182.58.

Netflix Stock Down 0.6%

NASDAQ:NFLX traded down $7.56 on Monday, hitting $1,289.62. The stock had a trading volume of 2,271,110 shares, compared to its average volume of 3,760,108. The company has a market cap of $548.82 billion, a PE ratio of 60.95, a P/E/G ratio of 2.35 and a beta of 1.59. Netflix, Inc. has a 52 week low of $587.04 and a 52 week high of $1,341.15. The business's fifty day moving average is $1,207.87 and its 200 day moving average is $1,038.56. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.58.

Netflix (NASDAQ:NFLX - Get Free Report) last posted 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 business had revenue of $10.54 billion during the quarter, compared to the consensus estimate of $10.51 billion. During the same quarter last year, the firm posted $8.28 EPS. On average, equities research analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Buying and Selling at Netflix

In other Netflix news, Director Bradford L. Smith sold 3,919 shares of Netflix stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $1,124.26, for a total transaction of $4,405,974.94. Following the completion of the transaction, the director owned 7,969 shares in the company, valued at approximately $8,959,227.94. The trade was a 32.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jay C. Hoag sold 32,515 shares of the business's stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $1,101.97, for a total value of $35,830,554.55. Following the sale, the director directly owned 79,040 shares of the company's stock, valued at $87,099,708.80. This represents a 29.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 186,723 shares of company stock valued at $223,307,201 over the last ninety days. 1.37% of the stock is currently owned by corporate insiders.

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.