USA Financial Formulas Has $2.30 Million Holdings in Netflix, Inc. (NASDAQ:NFLX)

USA Financial Formulas lifted its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 74.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,462 shares of the Internet television network's stock after acquiring an additional 1,051 shares during the quarter. Netflix makes up approximately 0.4% of USA Financial Formulas' holdings, making the stock its 15th largest holding. USA Financial Formulas' holdings in Netflix were worth $2,296,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of NFLX. Pathway Financial Advisers LLC boosted its holdings 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 worth $27,000 after acquiring an additional 14 shares in the last quarter. Brown Shipley& Co Ltd acquired a new position in shares of Netflix in the 4th quarter worth approximately $27,000. Transce3nd LLC bought a new position in Netflix in the 4th quarter worth approximately $32,000. Pineridge Advisors LLC raised its position in Netflix by 4,000.0% in the 4th quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network's stock worth $37,000 after purchasing an additional 40 shares during the last quarter. Finally, Copia Wealth Management bought a new position in Netflix in the 4th quarter worth approximately $37,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Netflix

In other news, Chairman Reed Hastings sold 25,360 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $921.15, for a total transaction of $23,360,364.00. Following the transaction, the chairman now directly owns 394 shares of the company's stock, valued at approximately $362,933.10. This trade represents a 98.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Jeffrey William Karbowski sold 480 shares of the stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $978.18, for a total transaction of $469,526.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 185,140 shares of company stock valued at $210,271,552. 1.37% of the stock is currently owned by company insiders.

Netflix Stock Performance

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

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, beating the consensus estimate of $5.74 by $0.87. The firm had revenue of $10.54 billion for 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 period in the prior year, the firm earned $8.28 EPS. On average, sell-side analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on NFLX shares. Wedbush restated an "outperform" rating and issued a $1,200.00 price objective on shares of Netflix in a research report on Monday, May 5th. Morgan Stanley boosted their price objective on shares of Netflix from $1,150.00 to $1,200.00 and gave the stock an "overweight" rating in a research report on Monday, April 21st. KeyCorp boosted their price objective on shares of Netflix from $1,000.00 to $1,070.00 and gave the stock an "overweight" rating in a research report on Monday, April 21st. Evercore ISI restated an "outperform" rating on shares of Netflix in a research report on Thursday, May 15th. Finally, Loop Capital reiterated a "hold" rating on shares of Netflix in a research report on Monday, March 24th. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $1,156.73.

Netflix 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.