Netflix, Inc. (NASDAQ:NFLX) Shares Bought by Valicenti Advisory Services Inc.

Valicenti Advisory Services Inc. increased its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 8.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,133 shares of the Internet television network's stock after acquiring an additional 235 shares during the quarter. Valicenti Advisory Services Inc.'s holdings in Netflix were worth $2,922,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NFLX. West Michigan Advisors LLC raised its holdings in Netflix by 1.3% in the 4th quarter. West Michigan Advisors LLC now owns 776 shares of the Internet television network's stock worth $692,000 after purchasing an additional 10 shares during the period. Warwick Investment Management Inc. grew its holdings in Netflix by 3.5% in the fourth quarter. Warwick Investment Management Inc. now owns 298 shares of the Internet television network's stock valued at $266,000 after purchasing an additional 10 shares during the period. MRP Capital Investments LLC increased its position in shares of Netflix by 1.0% in the fourth quarter. MRP Capital Investments LLC now owns 1,052 shares of the Internet television network's stock valued at $938,000 after buying an additional 10 shares in the last quarter. Bedell Frazier Investment Counselling LLC raised its stake in shares of Netflix by 2.2% during the 4th quarter. Bedell Frazier Investment Counselling LLC now owns 462 shares of the Internet television network's stock worth $412,000 after buying an additional 10 shares during the period. Finally, Mission Creek Capital Partners Inc. lifted its position in shares of Netflix by 0.3% during the 4th quarter. Mission Creek Capital Partners Inc. now owns 3,826 shares of the Internet television network's stock valued at $3,410,000 after buying an additional 10 shares in the last quarter. Institutional investors own 80.93% of the company's stock.

Netflix Trading Up 2.5%

Shares of Netflix stock traded up $31.42 on Thursday, reaching $1,306.67. The company had a trading volume of 2,601,963 shares, compared to its average volume of 3,739,282. The firm's 50 day moving average price is $1,169.57 and its two-hundred day moving average price is $1,018.04. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.20 and a current ratio of 1.20. Netflix, Inc. has a 52-week low of $587.04 and a 52-week high of $1,307.49. The firm has a market cap of $556.08 billion, a PE ratio of 61.75, a PEG ratio of 2.47 and a beta of 1.59.

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 for the quarter, beating the consensus estimate of $5.74 by $0.87. Netflix had a net margin of 23.07% and a return on equity of 39.61%. The firm had revenue of $10.54 billion during the quarter, compared to the consensus estimate of $10.51 billion. During the same quarter last year, the firm earned $8.28 EPS. Sell-side analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Jay C. Hoag sold 32,515 shares of the stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $1,101.97, for a total value of $35,830,554.55. Following the transaction, the director now owns 79,040 shares in the company, valued at approximately $87,099,708.80. This represents a 29.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Jeffrey William Karbowski sold 160 shares of the business's stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $1,000.00, for a total value of $160,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 185,280 shares of company stock valued at $210,599,866. 1.37% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on NFLX. Macquarie lifted their price target on shares of Netflix from $1,150.00 to $1,200.00 and gave the company an "outperform" rating in a research note on Monday, April 21st. Canaccord Genuity Group lifted their target price on shares of Netflix from $1,200.00 to $1,380.00 and gave the company a "buy" rating in a research report on Friday, May 16th. Citigroup reissued a "neutral" rating and set a $1,250.00 target price (up previously from $1,020.00) on shares of Netflix in a research note on Thursday, May 29th. Evercore ISI reaffirmed an "outperform" rating on shares of Netflix in a research note on Thursday, May 15th. Finally, Moffett Nathanson reiterated a "buy" rating and issued a $1,150.00 price objective (up from $1,100.00) on shares of Netflix in a report on Friday, April 18th. Eleven research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $1,172.73.

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.