Trinity Financial Advisors LLC Boosts Stake in Netflix, Inc. (NASDAQ:NFLX)

Trinity Financial Advisors LLC grew its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 614.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,278 shares of the Internet television network's stock after purchasing an additional 1,959 shares during the period. Netflix makes up approximately 0.4% of Trinity Financial Advisors LLC's investment portfolio, making the stock its 28th largest holding. Trinity Financial Advisors LLC's holdings in Netflix were worth $2,124,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the stock. Pathway Financial Advisers LLC raised its holdings in Netflix by 82.4% during the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock worth $27,000 after buying an additional 14 shares during the period. Brown Shipley& Co Ltd acquired a new stake in shares of Netflix in the fourth quarter worth $27,000. Transce3nd LLC purchased a new position in shares of Netflix during the fourth quarter valued at $32,000. Pineridge Advisors LLC boosted its position in Netflix by 4,000.0% during the 4th quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network's stock worth $37,000 after acquiring an additional 40 shares during the period. Finally, Copia Wealth Management acquired a new position in shares of Netflix in the 4th quarter valued at about $37,000. Institutional investors and hedge funds own 80.93% of the company's stock.

Insider Activity

In other Netflix news, Director Reed Hastings sold 26,977 shares of the firm's stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $1,133.05, for a total value of $30,566,289.85. Following the transaction, the director now directly owns 394 shares of the company's stock, valued at approximately $446,421.70. This trade represents a 98.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jay C. Hoag sold 31,750 shares of Netflix stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $1,252.35, for a total transaction of $39,762,112.50. Following the transaction, the director now directly owns 63,040 shares in the company, valued at approximately $78,948,144. This represents a 33.50% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 185,140 shares of company stock worth $210,271,552. 1.37% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on NFLX shares. Phillip Securities raised Netflix from a "moderate sell" rating to a "hold" rating in a research report on Monday, April 21st. KeyCorp raised their price target on shares of Netflix from $1,000.00 to $1,070.00 and gave the company an "overweight" rating in a report on Monday, April 21st. Rosenblatt Securities upped their price objective 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. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $1,220.00 price target (up previously from $1,150.00) on shares of Netflix in a research note on Monday, May 19th. Finally, Macquarie increased their price target on Netflix from $1,150.00 to $1,200.00 and gave the company an "outperform" rating in a report on Monday, April 21st. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $1,156.73.

Netflix Stock Performance

Shares of NFLX traded down $4.85 during midday trading on Thursday, reaching $1,215.03. The stock had a trading volume of 2,079,198 shares, compared to its average volume of 3,762,528. The firm has a 50 day simple moving average of $1,113.54 and a 200-day simple moving average of $996.91. The firm has a market cap of $517.08 billion, a PE ratio of 61.27, a P/E/G ratio of 2.12 and a beta of 1.59. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. Netflix, Inc. has a one year low of $587.04 and a one year high of $1,262.81.

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