Vishria Bird Financial Group LLC Makes New Investment in Netflix, Inc. (NASDAQ:NFLX)

Vishria Bird Financial Group LLC acquired a new position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 222 shares of the Internet television network's stock, valued at approximately $207,000.

Several other institutional investors and hedge funds have also made changes to their positions in NFLX. Halbert Hargrove Global Advisors LLC raised its position in Netflix by 100.0% during the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock worth $25,000 after buying an additional 13 shares during the last quarter. Brown Shipley& Co Ltd purchased a new position in Netflix during the fourth quarter worth about $27,000. Transce3nd LLC acquired a new stake in Netflix in the fourth quarter valued at about $32,000. Copia Wealth Management acquired a new stake in Netflix in the fourth quarter valued at about $37,000. Finally, Stuart Chaussee & Associates Inc. boosted its holdings in Netflix by 4,500.0% in the 4th quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock valued at $41,000 after purchasing an additional 45 shares in the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on NFLX. Guggenheim reiterated a "buy" rating and set a $1,150.00 price target (up from $1,100.00) on shares of Netflix in a research report on Friday, April 18th. Loop Capital reiterated a "hold" rating on shares of Netflix in a research report on Monday, March 24th. KeyCorp raised their price target on Netflix from $1,000.00 to $1,070.00 and gave the company an "overweight" rating in a research report on Monday, April 21st. Macquarie boosted their price objective on shares of Netflix from $1,150.00 to $1,200.00 and gave the stock an "outperform" rating in a research report on Monday, April 21st. Finally, Pivotal Research raised their target price on shares of Netflix from $1,350.00 to $1,600.00 and gave the company a "buy" rating in a report on Friday, June 20th. Eleven 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. According to MarketBeat.com, Netflix presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,182.58.

Insider Activity

In other Netflix news, CFO Spencer Adam Neumann sold 2,601 shares of the company's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $1,211.67, for a total value of $3,151,553.67. Following the completion of the sale, the chief financial officer directly owned 3,691 shares of the company's stock, valued at approximately $4,472,273.97. This represents a 41.34% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Jeffrey William Karbowski sold 620 shares of the firm's stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $1,286.84, for a total transaction of $797,840.80. The disclosure for this sale can be found here. Insiders have sold 157,319 shares of company stock valued at $184,842,109 over the last 90 days. Corporate insiders own 1.37% of the company's stock.

Netflix Stock Performance

Shares of NFLX traded down $8.74 during trading hours on Wednesday, reaching $1,284.86. 3,045,565 shares of the company's stock traded hands, compared to its average volume of 3,753,800. Netflix, Inc. has a twelve month low of $587.04 and a twelve month high of $1,341.15. The business's fifty day simple moving average is $1,195.33 and its two-hundred day simple moving average is $1,029.66. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.20 and a quick ratio of 1.20. The firm has a market capitalization of $546.80 billion, a price-to-earnings ratio of 60.72, a P/E/G ratio of 2.59 and a beta of 1.59.

Netflix (NASDAQ:NFLX - Get Free Report) last released its earnings results on Thursday, April 17th. The Internet television network reported $6.61 EPS 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 23.07% and a return on equity of 39.61%. During the same quarter last year, the company earned $8.28 EPS. Analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current year.

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.