Baer Investment Advisory LLC Makes New $1.93 Million Investment in Netflix, Inc. (NASDAQ:NFLX)

Baer Investment Advisory LLC purchased a new position in shares of Netflix, Inc. (NASDAQ:NFLX) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,067 shares of the Internet television network’s stock, valued at approximately $1,928,000. Netflix accounts for approximately 3.5% of Baer Investment Advisory LLC’s investment portfolio, making the stock its 17th largest holding.

A number of other large investors have also recently made changes to their positions in the company. Elite Wealth Management Inc. boosted its stake in shares of Netflix by 12.8% during the 1st quarter. Elite Wealth Management Inc. now owns 1,014 shares of the Internet television network’s stock worth $946,000 after purchasing an additional 115 shares during the period. Apollon Wealth Management LLC boosted its stake in shares of Netflix by 40.3% during the 1st quarter. Apollon Wealth Management LLC now owns 23,862 shares of the Internet television network’s stock worth $22,252,000 after purchasing an additional 6,860 shares during the period. Bogart Wealth LLC boosted its stake in shares of Netflix by 1.5% during the 1st quarter. Bogart Wealth LLC now owns 15,321 shares of the Internet television network’s stock worth $14,287,000 after purchasing an additional 230 shares during the period. Sigma Planning Corp boosted its stake in shares of Netflix by 20.1% during the 1st quarter. Sigma Planning Corp now owns 6,692 shares of the Internet television network’s stock worth $6,241,000 after purchasing an additional 1,120 shares during the period. Finally, Catalyst Financial Partners LLC boosted its stake in shares of Netflix by 7.9% during the 1st quarter. Catalyst Financial Partners LLC now owns 1,979 shares of the Internet television network’s stock worth $1,845,000 after purchasing an additional 145 shares during the period. 80.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NFLX has been the subject of a number of recent analyst reports. BMO Capital Markets reaffirmed an “outperform” rating and set a $1,200.00 price target (up from $1,175.00) on shares of Netflix in a research note on Friday, April 18th. Phillip Securities raised shares of Netflix from a “moderate sell” rating to a “hold” rating in a research report on Monday, April 21st. Macquarie boosted their price objective on shares of Netflix from $1,150.00 to $1,200.00 and gave the company an “outperform” rating in a research report on Monday, April 21st. Cfra Research raised shares of Netflix to a “strong-buy” rating in a research report on Monday, April 28th. Finally, Oppenheimer boosted their price objective on shares of Netflix from $1,200.00 to $1,425.00 and gave the company an “outperform” rating in a research report on Thursday, June 12th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $1,214.52.

Netflix Trading Down 0.4%

NASDAQ NFLX opened at $1,245.11 on Monday. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.58. The firm has a market cap of $529.88 billion, a PE ratio of 58.84, a price-to-earnings-growth ratio of 2.25 and a beta of 1.59. The company has a 50 day moving average price of $1,221.70 and a 200 day moving average price of $1,050.73. Netflix, Inc. has a 52 week low of $587.04 and a 52 week high of $1,341.15.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $10.51 billion. During the same quarter in the prior year, the business posted $8.28 EPS. As a group, sell-side analysts forecast that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Activity at Netflix

In other Netflix news, Director Reed Hastings sold 26,977 shares of the company’s stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $1,133.05, for a total transaction of $30,566,289.85. Following the transaction, the director owned 394 shares in the company, valued at approximately $446,421.70. This represents a 98.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jay C. Hoag sold 32,515 shares of the company’s stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $1,101.97, for a total transaction of $35,830,554.55. Following the completion of the sale, the director directly owned 79,040 shares in the company, valued at $87,099,708.80. This trade represents a 29.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 186,723 shares of company stock worth $223,307,201. 1.37% of the stock is owned by company 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.