Financial Advisors Network Inc. Purchases New Holdings in Netflix, Inc. (NASDAQ:NFLX)

Financial Advisors Network Inc. bought a new position in Netflix, Inc. (NASDAQ:NFLX - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 7,094 shares of the Internet television network's stock, valued at approximately $3,454,000.

Several other large investors have also added to or reduced their stakes in NFLX. Authentikos Wealth Advisory LLC purchased a new position in Netflix during the third quarter worth about $25,000. Spartan Planning & Wealth Management purchased a new position in shares of Netflix in the 3rd quarter worth about $26,000. Blue Bell Private Wealth Management LLC boosted its holdings in shares of Netflix by 89.7% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 74 shares of the Internet television network's stock worth $36,000 after buying an additional 35 shares during the last quarter. Pacifica Partners Inc. bought a new position in Netflix during the fourth quarter valued at about $41,000. Finally, Bear Mountain Capital Inc. purchased a new stake in Netflix during the fourth quarter worth about $45,000. Institutional investors own 80.93% of the company's stock.

Netflix Price Performance

NFLX traded down $10.14 during trading on Wednesday, reaching $640.47. The stock had a trading volume of 2,171,342 shares, compared to its average volume of 4,273,051. The stock has a market cap of $276.04 billion, a PE ratio of 44.45, a PEG ratio of 1.55 and a beta of 1.23. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.07 and a current ratio of 1.07. Netflix, Inc. has a one year low of $344.73 and a one year high of $650.88. The business has a 50-day moving average of $606.33 and a 200-day moving average of $546.83.

Netflix (NASDAQ:NFLX - Get Free Report) last released its earnings results on Thursday, April 18th. The Internet television network reported $5.28 EPS for the quarter, beating analysts' consensus estimates of $4.51 by $0.77. The business had revenue of $9.37 billion for the quarter, compared to analysts' expectations of $9.28 billion. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The firm's revenue was up 14.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.88 earnings per share. As a group, equities research analysts anticipate that Netflix, Inc. will post 18.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on NFLX shares. KeyCorp boosted their target price on shares of Netflix from $580.00 to $705.00 and gave the company an "overweight" rating in a research note on Wednesday, March 20th. Jefferies Financial Group reiterated a "buy" rating and issued a $655.00 price objective on shares of Netflix in a research note on Wednesday, May 15th. Canaccord Genuity Group downgraded Netflix from a "buy" rating to a "hold" rating and decreased their target price for the stock from $720.00 to $585.00 in a research report on Friday, April 19th. DZ Bank upgraded Netflix from a "hold" rating to a "buy" rating and set a $600.00 target price on the stock in a research note on Thursday, January 25th. Finally, Guggenheim increased their price target on Netflix from $600.00 to $700.00 and gave the stock a "buy" rating in a research note on Tuesday, April 16th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-three have assigned a buy rating to the company's stock. According to MarketBeat.com, Netflix presently has an average rating of "Moderate Buy" and an average price target of $630.53.

Insider Activity at Netflix

In other news, CEO Gregory K. Peters sold 5,352 shares of the firm's stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $625.00, for a total transaction of $3,345,000.00. Following the transaction, the chief executive officer now directly owns 13,090 shares of the company's stock, valued at $8,181,250. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Gregory K. Peters sold 5,352 shares of the firm's stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $625.00, for a total transaction of $3,345,000.00. Following the transaction, the chief executive officer now directly owns 13,090 shares of the company's stock, valued at $8,181,250. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Spencer Adam Neumann sold 564 shares of the firm's stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $613.08, for a total value of $345,777.12. The disclosure for this sale can be found here. Insiders have sold a total of 78,039 shares of company stock valued at $46,401,083 over the last 90 days. 1.76% of the stock is owned by insiders.

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.