Unique Wealth LLC Acquires New Shares in Netflix, Inc. (NASDAQ:NFLX)

Unique Wealth LLC acquired a new stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 381 shares of the Internet television network's stock, valued at approximately $355,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Brown Shipley& Co Ltd acquired a new stake in shares of Netflix in the 4th quarter valued at $27,000. Pathway Financial Advisers LLC lifted its stake in shares of Netflix by 82.4% in the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock valued at $27,000 after purchasing an additional 14 shares during the last quarter. Transce3nd LLC acquired a new stake in shares of Netflix in the 4th quarter valued at $32,000. Pineridge Advisors LLC lifted its stake in shares of Netflix by 4,000.0% in the 4th quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network's stock valued at $37,000 after purchasing an additional 40 shares during the last quarter. Finally, Copia Wealth Management acquired a new stake in shares of Netflix in the 4th quarter valued at $37,000. Institutional investors and hedge funds own 80.93% of the company's stock.

Netflix Stock Up 0.9%

Shares of NASDAQ:NFLX opened at $1,250.52 on Friday. Netflix, Inc. has a 52 week low of $587.04 and a 52 week high of $1,262.81. 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 company has a market capitalization of $532.19 billion, a PE ratio of 63.06, a PEG ratio of 2.12 and a beta of 1.58. The company has a 50 day moving average price of $1,081.54 and a two-hundred day moving average price of $985.25.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.74 by $0.87. The company had revenue of $10.54 billion during the quarter, compared to the consensus estimate of $10.51 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. During the same quarter in the prior year, the firm earned $8.28 earnings per share. Analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insider Buying and Selling at Netflix

In related news, Director Ann Mather sold 1,358 shares of the firm's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $1,150.00, for a total transaction of $1,561,700.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Spencer Adam Neumann sold 2,601 shares of the firm's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $1,211.67, for a total transaction of $3,151,553.67. Following the completion of the transaction, the chief financial officer now directly owns 3,691 shares in the company, valued at approximately $4,472,273.97. This represents a 41.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 152,300 shares of company stock worth $169,146,939 over the last quarter. 1.37% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Rosenblatt Securities boosted their target price on shares of Netflix from $1,494.00 to $1,514.00 and gave the stock a "buy" rating in a research report on Monday, April 21st. Barclays boosted their target price on shares of Netflix from $900.00 to $1,000.00 and gave the stock an "equal weight" rating in a research report on Monday, April 21st. BMO Capital Markets reissued an "outperform" rating and set a $1,200.00 target price (up previously from $1,175.00) on shares of Netflix in a research report on Friday, April 18th. Pivotal Research boosted their target price on shares of Netflix from $1,250.00 to $1,350.00 and gave the stock a "buy" rating in a research report on Monday, April 21st. Finally, JPMorgan Chase & Co. reissued a "neutral" rating and set a $1,220.00 target price (up previously from $1,150.00) on shares of Netflix in a research report on Monday, May 19th. Eleven research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $1,149.91.

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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