Wolf Group Capital Advisors Buys Shares of 360 Netflix, Inc. (NASDAQ:NFLX)

Wolf Group Capital Advisors bought a new stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 360 shares of the Internet television network's stock, valued at approximately $336,000.

Several other hedge funds and other institutional investors also recently modified their holdings of NFLX. Halbert Hargrove Global Advisors LLC boosted its stake 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 valued at $25,000 after purchasing an additional 13 shares during the period. Brown Shipley& Co Ltd bought a new stake in shares of Netflix during the fourth quarter valued at approximately $27,000. Transce3nd LLC acquired a new position in shares of Netflix during the fourth quarter worth 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. grew 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 worth $41,000 after buying an additional 45 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company's stock.

Analysts Set New Price Targets

NFLX has been the topic of several recent analyst reports. Citigroup reaffirmed 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. Wedbush restated an "outperform" rating and set a $1,200.00 price objective on shares of Netflix in a research note on Monday, May 5th. Macquarie upped their price objective on shares of Netflix from $1,150.00 to $1,200.00 and gave the stock an "outperform" rating in a report on Monday, April 21st. Rosenblatt Securities raised their target price on shares of Netflix from $1,494.00 to $1,514.00 and gave the company a "buy" rating in a research note on Monday, April 21st. Finally, KeyCorp boosted their price target on shares of Netflix from $1,000.00 to $1,070.00 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 issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $1,156.73.

Insider Activity

In other Netflix news, Director Jay C. Hoag sold 31,750 shares of Netflix stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $1,252.35, for a total transaction of $39,762,112.50. Following the transaction, the director now owns 63,040 shares of the company's stock, valued at $78,948,144. The trade was a 33.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Spencer Adam Neumann sold 2,601 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $921.72, for a total transaction of $2,397,393.72. Following the completion of the sale, the chief financial officer now directly owns 3,691 shares of the company's stock, valued at $3,402,068.52. This trade represents a 41.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 185,140 shares of company stock worth $210,271,552 over the last quarter. Corporate insiders own 1.37% of the company's stock.

Netflix Trading Up 0.1%

Shares of NFLX traded up $1.62 during midday trading on Thursday, hitting $1,222.29. The stock had a trading volume of 2,277,207 shares, compared to its average volume of 3,745,034. The business has a 50-day simple moving average of $1,138.51 and a two-hundred day simple moving average of $1,006.33. The firm has a market cap of $520.17 billion, a P/E ratio of 57.76, a price-to-earnings-growth ratio of 2.36 and a beta of 1.59. 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 fifty-two week low of $587.04 and a fifty-two week high of $1,262.81.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly 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. Netflix had a net margin of 23.07% and a return on equity of 39.61%. The business had revenue of $10.54 billion during the quarter, compared to the consensus estimate of $10.51 billion. During the same quarter in the prior year, the firm earned $8.28 EPS. As a group, equities analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.

Netflix Company 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.