Carl P. Sherr & Co. LLC Boosts Stake in Netflix, Inc. (NASDAQ:NFLX)

Carl P. Sherr & Co. LLC grew its stake in Netflix, Inc. (NASDAQ:NFLX) by 23.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 950 shares of the Internet television network’s stock after purchasing an additional 178 shares during the period. Carl P. Sherr & Co. LLC’s holdings in Netflix were worth $886,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FMR LLC increased its position in shares of Netflix by 1.8% during the fourth quarter. FMR LLC now owns 20,887,090 shares of the Internet television network’s stock valued at $18,617,081,000 after acquiring an additional 375,234 shares during the last quarter. Geode Capital Management LLC lifted its stake in Netflix by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 9,323,952 shares of the Internet television network’s stock worth $8,287,823,000 after acquiring an additional 175,596 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Netflix by 109,524.3% during the 1st quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network’s stock valued at $8,239,576,000 after acquiring an additional 8,827,662 shares during the period. Northern Trust Corp grew its position in Netflix by 14.3% in the 4th quarter. Northern Trust Corp now owns 4,574,006 shares of the Internet television network’s stock valued at $4,076,903,000 after acquiring an additional 570,674 shares in the last quarter. Finally, Invesco Ltd. increased its stake in Netflix by 2.9% during the fourth quarter. Invesco Ltd. now owns 4,308,201 shares of the Internet television network’s stock worth $3,839,986,000 after purchasing an additional 119,787 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Activity

In other news, CAO Jeffrey William Karbowski sold 620 shares of the firm’s stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $1,286.84, for a total transaction of $797,840.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Strive Masiyiwa sold 290 shares of the company’s stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $1,336.54, for a total transaction of $387,596.60. The disclosure for this sale can be found here. Insiders have sold 153,408 shares of company stock worth $186,614,540 over the last quarter. Corporate insiders own 1.37% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on NFLX shares. Morgan Stanley reaffirmed an “equal weight” rating on shares of Netflix in a research note on Monday, July 21st. Wedbush restated an “outperform” rating and set a $1,500.00 target price (up from $1,400.00) on shares of Netflix in a research note on Monday, July 14th. Jefferies Financial Group set a $1,500.00 price target on shares of Netflix and gave the stock a “buy” rating in a research note on Friday, July 18th. Robert W. Baird boosted their target price on shares of Netflix from $1,300.00 to $1,500.00 and gave the stock an “outperform” rating in a research note on Monday, July 21st. Finally, Benchmark reissued a “hold” rating on shares of Netflix in a research report on Monday, April 21st. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,297.66.

Netflix Stock Performance

NASDAQ NFLX opened at $1,168.74 on Wednesday. The business’s 50-day simple moving average is $1,235.63 and its 200-day simple moving average is $1,077.14. Netflix, Inc. has a 1-year low of $587.04 and a 1-year high of $1,341.15. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.34 and a quick ratio of 1.34. The firm has a market capitalization of $496.63 billion, a P/E ratio of 49.80, a P/E/G ratio of 1.98 and a beta of 1.59.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.07 by $0.12. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The company had revenue of $11.08 billion for the quarter, compared to analyst estimates of $11.04 billion. During the same quarter last year, the firm posted $4.88 earnings per share. The business’s quarterly revenue was up 15.9% on a year-over-year basis. Equities analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.

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.