Wealth Enhancement Advisory Services LLC Acquires 20,152 Shares of Netflix, Inc. (NASDAQ:NFLX)

Wealth Enhancement Advisory Services LLC increased its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 28.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 91,054 shares of the Internet television network's stock after purchasing an additional 20,152 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Netflix were worth $84,909,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. West Michigan Advisors LLC lifted its position 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 buying an additional 10 shares in the last quarter. Warwick Investment Management Inc. increased its position in Netflix by 3.5% in the 4th quarter. Warwick Investment Management Inc. now owns 298 shares of the Internet television network's stock worth $266,000 after purchasing an additional 10 shares during the last quarter. MRP Capital Investments LLC raised its stake in shares of Netflix by 1.0% during the 4th quarter. MRP Capital Investments LLC now owns 1,052 shares of the Internet television network's stock worth $938,000 after purchasing an additional 10 shares in the last quarter. Bedell Frazier Investment Counselling LLC lifted its holdings 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 valued at $412,000 after buying an additional 10 shares during the last quarter. Finally, Mission Creek Capital Partners Inc. lifted its holdings 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 during the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Netflix news, CAO Jeffrey William Karbowski sold 480 shares of the company's stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $978.18, for a total transaction of $469,526.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jay C. Hoag sold 31,750 shares of Netflix stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $1,252.35, for a total transaction of $39,762,112.50. Following the completion of the transaction, the director now owns 63,040 shares of the company's stock, valued at $78,948,144. This trade represents a 33.50% decrease in their position. The disclosure for this sale can be found here. Insiders sold 185,140 shares of company stock worth $210,271,552 in the last 90 days. 1.37% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on NFLX shares. Phillip Securities raised shares of Netflix from a "moderate sell" rating to a "hold" rating in a research report on Monday, April 21st. Jefferies Financial Group raised their price target on shares of Netflix from $1,200.00 to $1,400.00 and gave the company a "buy" rating in a report on Tuesday, June 3rd. Pivotal Research upped their price objective on shares of Netflix from $1,350.00 to $1,600.00 and gave the stock a "buy" rating in a report on Friday. Wells Fargo & Company increased their target price on shares of Netflix from $1,222.00 to $1,500.00 and gave the stock an "overweight" rating in a research report on Friday. Finally, Morgan Stanley boosted their price target on Netflix from $1,150.00 to $1,200.00 and gave the stock an "overweight" rating in a research report on Monday, April 21st. Eleven investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $1,172.73.

Netflix Price Performance

Shares of NASDAQ:NFLX traded up $9.20 during midday trading on Friday, reaching $1,231.49. 5,315,825 shares of the company's stock were exchanged, compared to its average volume of 3,751,398. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.20 and a current ratio of 1.20. The company's 50 day simple moving average is $1,144.53 and its two-hundred day simple moving average is $1,008.57. Netflix, Inc. has a 12 month low of $587.04 and a 12 month high of $1,262.81. The firm has a market capitalization of $524.09 billion, a PE ratio of 58.20, a price-to-earnings-growth ratio of 2.36 and a beta of 1.59.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings results 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 firm had revenue of $10.54 billion during the quarter, compared to analyst estimates of $10.51 billion. Netflix had a net margin of 23.07% and a return on equity of 39.61%. During the same quarter in the prior year, the business posted $8.28 earnings per share. Equities research analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current fiscal 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.