Wall Street Financial Group Inc. Invests $211,000 in Netflix, Inc. (NASDAQ:NFLX)

Wall Street Financial Group Inc. bought a new position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 226 shares of the Internet television network's stock, valued at approximately $211,000.

Other large investors have also modified their holdings of the company. Janus Henderson Group PLC raised its stake in shares of Netflix by 8.7% during the 4th quarter. Janus Henderson Group PLC now owns 1,377,081 shares of the Internet television network's stock worth $1,227,468,000 after buying an additional 110,432 shares in the last quarter. PharVision Advisers LLC acquired a new stake in shares of Netflix in the 4th quarter worth approximately $873,000. New England Research & Management Inc. grew its holdings in shares of Netflix by 148.5% in the 1st quarter. New England Research & Management Inc. now owns 2,122 shares of the Internet television network's stock worth $1,979,000 after acquiring an additional 1,268 shares during the period. First National Trust Co grew its holdings in shares of Netflix by 1.0% in the 4th quarter. First National Trust Co now owns 1,258 shares of the Internet television network's stock worth $1,121,000 after acquiring an additional 12 shares during the period. Finally, Haven Private LLC acquired a new stake in shares of Netflix in the 4th quarter worth approximately $733,000. 80.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Robert W. Baird increased their target price on Netflix from $1,200.00 to $1,300.00 and gave the company an "outperform" rating in a report on Friday, May 16th. Bank of America increased their target price on Netflix from $1,175.00 to $1,490.00 and gave the company a "buy" rating in a report on Friday, May 30th. Guggenheim reiterated a "buy" rating and set a $1,150.00 target price (up previously from $1,100.00) on shares of Netflix in a report on Friday, April 18th. Benchmark reiterated a "hold" rating on shares of Netflix in a report on Monday, April 21st. Finally, FBN Securities started coverage on Netflix in a report on Thursday, March 27th. They set an "outperform" rating and a $1,165.00 price objective on the stock. Eleven 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 company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $1,172.73.

Netflix Stock Up 1.3%

NASDAQ:NFLX opened at $1,323.12 on Friday. The company has a market capitalization of $563.08 billion, a price-to-earnings ratio of 62.53, a price-to-earnings-growth ratio of 2.56 and a beta of 1.59. Netflix, Inc. has a one year low of $587.04 and a one year high of $1,331.35. The stock has a 50-day simple moving average of $1,183.25 and a 200 day simple moving average of $1,024.18. 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 (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, topping analysts' consensus estimates of $5.74 by $0.87. Netflix had a return on equity of 39.61% and a net margin of 23.07%. The business had revenue of $10.54 billion during the quarter, compared to the consensus estimate of $10.51 billion. During the same period last year, the firm earned $8.28 earnings per share. Sell-side analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Buying and Selling at Netflix

In other Netflix news, CAO Jeffrey William Karbowski sold 620 shares of Netflix stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $1,286.84, for a total value of $797,840.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Reed Hastings sold 25,360 shares of Netflix stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $921.15, for a total value of $23,360,364.00. Following the sale, the chairman now directly owns 394 shares in the company, valued at approximately $362,933.10. This trade represents a 98.47% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 185,280 shares of company stock worth $210,599,866 over the last ninety days. Company insiders own 1.37% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.