Yukon Wealth Management Inc. Buys New Stake in Netflix, Inc. (NASDAQ:NFLX)

Yukon Wealth Management Inc. purchased a new position in Netflix, Inc. (NASDAQ:NFLX - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 2,020 shares of the Internet television network's stock, valued at approximately $1,884,000.

A number of other hedge funds have also bought and sold shares of the company. Halbert Hargrove Global Advisors LLC grew its position in Netflix by 100.0% in the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock valued at $25,000 after acquiring an additional 13 shares during the last quarter. Brown Shipley& Co Ltd purchased a new stake in shares of Netflix during the fourth quarter valued at $27,000. Transce3nd LLC bought a new position in shares of Netflix in the fourth quarter worth about $32,000. Copia Wealth Management purchased a new position in Netflix in the 4th quarter worth about $37,000. Finally, Barnes Dennig Private Wealth Management LLC bought a new stake in Netflix during the 1st quarter valued at about $42,000. Institutional investors own 80.93% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Jefferies Financial Group upped their target price on Netflix from $1,200.00 to $1,400.00 and gave the stock a "buy" rating in a report on Tuesday, June 3rd. Bank of America upped their price objective on shares of Netflix from $1,175.00 to $1,490.00 and gave the stock a "buy" rating in a research note on Friday, May 30th. The Goldman Sachs Group raised their target price on shares of Netflix from $1,000.00 to $1,140.00 and gave the company a "neutral" rating in a research report on Wednesday. Citigroup restated a "neutral" rating and issued a $1,250.00 price target (up previously from $1,020.00) on shares of Netflix in a report on Thursday, May 29th. Finally, Benchmark reiterated a "hold" rating on shares of Netflix in a research note on Monday, April 21st. Eleven research 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's stock. Based on data from MarketBeat.com, Netflix has an average rating of "Moderate Buy" and a consensus target price of $1,182.58.

Netflix Stock Performance

NFLX stock traded down $8.74 during trading on Wednesday, reaching $1,284.86. The company had a trading volume of 3,045,565 shares, compared to its average volume of 3,753,793. The company has a market cap of $546.80 billion, a price-to-earnings ratio of 60.72, a price-to-earnings-growth ratio of 2.59 and a beta of 1.59. Netflix, Inc. has a twelve month low of $587.04 and a twelve month high of $1,341.15. 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 firm has a 50-day simple moving average of $1,195.33 and a 200-day simple moving average of $1,029.66.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings data 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. The business had revenue of $10.54 billion during the quarter, compared to the consensus estimate of $10.51 billion. Netflix had a net margin of 23.07% and a return on equity of 39.61%. During the same period in the previous year, the firm posted $8.28 earnings per share. As a group, sell-side analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insider Activity at Netflix

In other Netflix news, Director Jay C. Hoag sold 31,750 shares of the firm's 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 directly owned 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Spencer Adam Neumann sold 2,601 shares of the stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $1,211.67, for a total transaction of $3,151,553.67. Following the sale, the chief financial officer directly owned 3,691 shares in the company, valued at $4,472,273.97. This trade represents a 41.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 157,319 shares of company stock worth $184,842,109 in the last quarter. 1.37% of the stock is owned by insiders.

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.