Netflix, Inc. (NASDAQ:NFLX) Shares Purchased by AssuredPartners Investment Advisors LLC

AssuredPartners Investment Advisors LLC boosted its holdings in Netflix, Inc. (NASDAQ:NFLX) by 3.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 360 shares of the Internet television network’s stock after acquiring an additional 13 shares during the quarter. AssuredPartners Investment Advisors LLC’s holdings in Netflix were worth $336,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Asset Management One Co. Ltd. boosted its stake in Netflix by 5.7% during the 1st quarter. Asset Management One Co. Ltd. now owns 217,906 shares of the Internet television network’s stock valued at $203,204,000 after purchasing an additional 11,741 shares in the last quarter. Walkner Condon Financial Advisors LLC boosted its stake in Netflix by 6.4% during the 1st quarter. Walkner Condon Financial Advisors LLC now owns 781 shares of the Internet television network’s stock valued at $728,000 after purchasing an additional 47 shares in the last quarter. Vantage Point Financial LLC boosted its stake in Netflix by 5.3% during the 1st quarter. Vantage Point Financial LLC now owns 377 shares of the Internet television network’s stock valued at $352,000 after purchasing an additional 19 shares in the last quarter. Continuum Advisory LLC boosted its stake in Netflix by 9.4% during the 1st quarter. Continuum Advisory LLC now owns 862 shares of the Internet television network’s stock valued at $804,000 after purchasing an additional 74 shares in the last quarter. Finally, Consolidated Planning Corp boosted its stake in Netflix by 0.3% during the 1st quarter. Consolidated Planning Corp now owns 6,803 shares of the Internet television network’s stock valued at $6,344,000 after purchasing an additional 21 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports on NFLX shares. Canaccord Genuity Group increased their price target on Netflix from $1,200.00 to $1,380.00 and gave the company a “buy” rating in a research note on Friday, May 16th. Robert W. Baird increased their price target on Netflix from $1,200.00 to $1,300.00 and gave the company an “outperform” rating in a research note on Friday, May 16th. Wedbush reaffirmed an “outperform” rating and set a $1,200.00 price target on shares of Netflix in a research note on Monday, May 5th. Rosenblatt Securities increased their price target on 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, Phillip Securities raised Netflix from a “moderate sell” rating to a “hold” rating in a research note on Monday, April 21st. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $1,172.73.

Insider Buying and Selling at Netflix

In other news, Director Jay C. Hoag sold 31,750 shares of the firm’s stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $1,252.35, for a total value of $39,762,112.50. Following the sale, the director now directly owns 63,040 shares of the company’s stock, valued at approximately $78,948,144. This trade represents a 33.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Jeffrey William Karbowski sold 160 shares of the firm’s stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $1,000.00, for a total value of $160,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 184,660 shares of company stock worth $209,802,025 over the last three months. Corporate insiders own 1.37% of the company’s stock.

Netflix Price Performance

Shares of NASDAQ:NFLX opened at $1,279.11 on Wednesday. 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 1 year low of $587.04 and a 1 year high of $1,282.57. The business has a fifty day simple moving average of $1,163.30 and a 200 day simple moving average of $1,016.26. The firm has a market cap of $544.35 billion, a price-to-earnings ratio of 60.45, a P/E/G ratio of 2.43 and a beta of 1.59.

Netflix (NASDAQ:NFLX) last posted its earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, beating the consensus estimate of $5.74 by $0.87. Netflix had a return on equity of 39.61% and a net margin of 23.07%. The company had revenue of $10.54 billion for the quarter, compared to analyst estimates of $10.51 billion. During the same period last year, the company earned $8.28 earnings per share. As a group, sell-side analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal 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.