Thoroughbred Financial Services LLC Buys 1,984 Shares of Netflix, Inc. (NASDAQ:NFLX)

Thoroughbred Financial Services LLC boosted its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 48.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,091 shares of the Internet television network's stock after buying an additional 1,984 shares during the period. Thoroughbred Financial Services LLC's holdings in Netflix were worth $5,680,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NFLX. Resurgent Financial Advisors LLC grew its position in Netflix by 234.4% during the 1st quarter. Resurgent Financial Advisors LLC now owns 1,010 shares of the Internet television network's stock valued at $942,000 after purchasing an additional 708 shares during the last quarter. Janus Henderson Group PLC lifted its stake in shares of Netflix by 8.7% in the fourth quarter. Janus Henderson Group PLC now owns 1,377,081 shares of the Internet television network's stock worth $1,227,468,000 after buying an additional 110,432 shares in the last quarter. PharVision Advisers LLC purchased a new stake in shares of Netflix during the fourth quarter valued at approximately $873,000. New England Research & Management Inc. increased its position in shares of Netflix by 148.5% during the first quarter. New England Research & Management Inc. now owns 2,122 shares of the Internet television network's stock valued at $1,979,000 after acquiring an additional 1,268 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of Netflix by 6.1% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 54,638 shares of the Internet television network's stock valued at $50,952,000 after acquiring an additional 3,137 shares in the last quarter. Institutional investors own 80.93% of the company's stock.

Wall Street Analysts Forecast Growth

NFLX has been the topic of several recent analyst reports. Wall Street Zen upgraded Netflix from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. The Goldman Sachs Group upped their price target on Netflix from $1,000.00 to $1,140.00 and gave the company a "neutral" rating in a report on Wednesday, July 2nd. Jefferies Financial Group set a $1,500.00 price objective on Netflix and gave the stock a "buy" rating in a report on Friday, July 18th. Rosenblatt Securities upped their target price on shares of Netflix from $1,514.00 to $1,515.00 and gave the company a "buy" rating in a research note on Friday, July 18th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $1,500.00 price target on shares of Netflix in a report on Friday, July 18th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Netflix presently has an average rating of "Moderate Buy" and a consensus target price of $1,297.66.

Insider Transactions at Netflix

In other Netflix news, CFO Spencer Adam Neumann sold 2,601 shares of Netflix stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $1,211.67, for a total value of $3,151,553.67. Following the completion of the transaction, the chief financial officer directly owned 3,691 shares of the company's stock, valued at $4,472,273.97. This trade represents a 41.34% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Reed Hastings sold 26,933 shares of the business's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $1,211.66, for a total transaction of $32,633,638.78. Following the completion of the sale, the director owned 394 shares in the company, valued at approximately $477,394.04. This trade represents a 98.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 146,483 shares of company stock valued at $179,492,976 over the last quarter. 1.37% of the stock is owned by insiders.

Netflix Stock Up 1.1%

NFLX opened at $1,170.99 on Tuesday. The company has a market capitalization of $497.59 billion, a PE ratio of 49.89, a price-to-earnings-growth ratio of 1.95 and a beta of 1.59. The firm has a 50-day simple moving average of $1,234.03 and a two-hundred day simple moving average of $1,087.86. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58. Netflix, Inc. has a 52 week low of $587.04 and a 52 week high of $1,341.15.

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

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.

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