Transform Wealth LLC Grows Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Transform Wealth LLC increased its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 61.0% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,597 shares of the Internet television network's stock after acquiring an additional 5,528 shares during the period. Transform Wealth LLC's holdings in Netflix were worth $13,612,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC grew its position in Netflix by 109,524.3% during the 1st quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network's stock worth $8,239,576,000 after acquiring an additional 8,827,662 shares during the last quarter. Norges Bank purchased a new stake in shares of Netflix during the fourth quarter valued at approximately $5,019,087,000. Proficio Capital Partners LLC grew its holdings in shares of Netflix by 123,836.7% in the fourth quarter. Proficio Capital Partners LLC now owns 1,925,977 shares of the Internet television network's stock worth $1,716,662,000 after purchasing an additional 1,924,423 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of Netflix by 59.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,301,098 shares of the Internet television network's stock worth $2,051,016,000 after buying an additional 856,307 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its stake in shares of Netflix by 318.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 976,924 shares of the Internet television network's stock worth $870,752,000 after buying an additional 743,724 shares during the period. Institutional investors own 80.93% of the company's stock.

Insider Buying and Selling at Netflix

In other Netflix news, CAO Jeffrey William Karbowski sold 480 shares of Netflix stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $978.18, for a total value of $469,526.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jay C. Hoag sold 31,750 shares of the business's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $1,252.35, for a total transaction of $39,762,112.50. Following the sale, the director now owns 63,040 shares of the company's stock, valued at approximately $78,948,144. This represents a 33.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 185,140 shares of company stock worth $210,271,552. Company insiders own 1.37% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on NFLX shares. Loop Capital reissued a "hold" rating on shares of Netflix in a research report on Monday, March 24th. Wolfe Research set a $1,340.00 target price on shares of Netflix and gave the stock an "outperform" rating in a report on Friday, May 16th. BMO Capital Markets restated an "outperform" rating and set a $1,200.00 price target (up previously from $1,175.00) on shares of Netflix in a report on Friday, April 18th. Jefferies Financial Group upped their price target on Netflix from $1,200.00 to $1,400.00 and gave the company a "buy" rating in a research report on Tuesday, June 3rd. Finally, Barclays lifted their price objective on Netflix from $900.00 to $1,000.00 and gave the stock an "equal weight" rating in a research report on Monday, April 21st. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $1,156.73.

Netflix Stock Down 0.1%

Shares of NASDAQ:NFLX traded down $1.25 during trading on Thursday, reaching $1,218.63. 887,553 shares of the stock traded hands, compared to its average volume of 4,471,118. The stock has a market cap of $518.61 billion, a P/E ratio of 61.45, a price-to-earnings-growth ratio of 2.12 and a beta of 1.59. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. The stock has a 50-day moving average of $1,106.59 and a two-hundred day moving average of $994.50. Netflix, Inc. has a 52-week low of $587.04 and a 52-week high of $1,262.81.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings data 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 business had revenue of $10.54 billion for the quarter, compared to analysts' expectations of $10.51 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. During the same period in the prior year, the firm posted $8.28 EPS. As a group, sell-side analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current fiscal 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.