Whalen Wealth Management Inc. Has $1.73 Million Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Whalen Wealth Management Inc. raised its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 40.0% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,853 shares of the Internet television network's stock after buying an additional 529 shares during the quarter. Netflix comprises 1.2% of Whalen Wealth Management Inc.'s portfolio, making the stock its 26th largest position. Whalen Wealth Management Inc.'s holdings in Netflix were worth $1,728,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of NFLX. Halbert Hargrove Global Advisors LLC grew its position in shares of Netflix by 100.0% during the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock worth $25,000 after acquiring an additional 13 shares during the last quarter. Brown Shipley& Co Ltd acquired a new stake in shares of Netflix in the fourth quarter valued at approximately $27,000. Transce3nd LLC bought a new stake in shares of Netflix during the fourth quarter valued at approximately $32,000. Copia Wealth Management acquired a new position in shares of Netflix during the fourth quarter worth approximately $37,000. Finally, Stuart Chaussee & Associates Inc. increased its position 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 acquiring an additional 45 shares during the period. Institutional investors and hedge funds own 80.93% of the company's stock.

Insider Buying and Selling at Netflix

In other news, Director Ann Mather sold 1,090 shares of the stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $1,250.00, for a total transaction of $1,362,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jay C. Hoag sold 31,750 shares of the stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $1,252.35, for a total value of $39,762,112.50. Following the transaction, the director now owns 63,040 shares of the company's stock, valued at approximately $78,948,144. This trade represents a 33.50% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 185,140 shares of company stock worth $210,271,552. Company insiders own 1.37% of the company's stock.

Analysts Set New Price Targets

NFLX has been the subject of a number of recent analyst reports. Wolfe Research set a $1,340.00 target price on shares of Netflix and gave the company an "outperform" rating in a research report on Friday, May 16th. Benchmark reaffirmed a "hold" rating on shares of Netflix in a report on Monday, April 21st. Oppenheimer raised their price objective on Netflix from $1,200.00 to $1,425.00 and gave the stock an "outperform" rating in a research note on Thursday, June 12th. Evercore ISI reaffirmed an "outperform" rating on shares of Netflix in a research report on Thursday, May 15th. Finally, Citigroup reaffirmed a "neutral" rating and set a $1,250.00 target price (up from $1,020.00) on shares of Netflix in a report on Thursday, May 29th. Eleven equities research 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.com, the company presently has an average rating of "Moderate Buy" and an average target price of $1,172.73.

Netflix Price Performance

NFLX stock traded up $22.13 during trading on Monday, hitting $1,253.54. 2,588,573 shares of the stock traded hands, compared to its average volume of 3,748,521. The stock has a market cap of $533.47 billion, a price-to-earnings ratio of 59.24, a P/E/G ratio of 2.38 and a beta of 1.59. The company has a 50 day simple moving average of $1,150.80 and a 200 day simple moving average of $1,012.19. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.58. Netflix, Inc. has a one year low of $587.04 and a one year high of $1,262.81.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its earnings results on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, topping the consensus estimate of $5.74 by $0.87. Netflix had a return on equity of 39.61% and a net margin of 23.07%. The company had revenue of $10.54 billion for the quarter, compared to analysts' expectations of $10.51 billion. During the same quarter in the prior year, the business earned $8.28 earnings per share. Equities analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

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.