396 Shares in Netflix, Inc. (NASDAQ:NFLX) Purchased by SlateStone Wealth LLC

SlateStone Wealth LLC acquired a new stake in shares of Netflix, Inc. (NASDAQ:NFLX) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 396 shares of the Internet television network’s stock, valued at approximately $241,000.

Other institutional investors have also recently modified their holdings of the company. KFA Private Wealth Group LLC boosted its position in Netflix by 1.9% during the fourth quarter. KFA Private Wealth Group LLC now owns 958 shares of the Internet television network’s stock worth $466,000 after acquiring an additional 18 shares during the last quarter. Legacy Capital Group California Inc. increased its position in Netflix by 0.6% during the fourth quarter. Legacy Capital Group California Inc. now owns 2,833 shares of the Internet television network’s stock worth $1,379,000 after purchasing an additional 18 shares during the last quarter. Founders Financial Alliance LLC raised its stake in Netflix by 2.4% during the fourth quarter. Founders Financial Alliance LLC now owns 757 shares of the Internet television network’s stock worth $369,000 after purchasing an additional 18 shares during the period. Capital Advisors Ltd. LLC lifted its holdings in Netflix by 4.6% in the first quarter. Capital Advisors Ltd. LLC now owns 411 shares of the Internet television network’s stock valued at $250,000 after acquiring an additional 18 shares during the last quarter. Finally, Addison Advisors LLC grew its position in Netflix by 7.8% in the fourth quarter. Addison Advisors LLC now owns 276 shares of the Internet television network’s stock worth $134,000 after acquiring an additional 20 shares during the period. 80.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on NFLX. Rosenblatt Securities increased their target price on shares of Netflix from $540.00 to $554.00 and gave the stock a “neutral” rating in a research note on Friday, May 17th. Wedbush reissued an “outperform” rating and set a $725.00 price target on shares of Netflix in a research report on Monday, May 20th. Loop Capital boosted their price target on shares of Netflix from $585.00 to $700.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. Canaccord Genuity Group downgraded Netflix from a “buy” rating to a “hold” rating and cut their price target for the stock from $720.00 to $585.00 in a report on Friday, April 19th. Finally, Guggenheim raised their target price on shares of Netflix from $600.00 to $700.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. One investment 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, Netflix has a consensus rating of “Moderate Buy” and a consensus price target of $632.00.

Insider Activity at Netflix

In other news, insider David A. Hyman sold 268 shares of Netflix stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $593.62, for a total transaction of $159,090.16. Following the completion of the transaction, the insider now owns 31,610 shares of the company’s stock, valued at approximately $18,764,328.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Netflix news, CEO Gregory K. Peters sold 5,352 shares of the stock in a transaction on 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 sale, the chief executive officer now owns 13,090 shares in the company, valued at approximately $8,181,250. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider David A. Hyman sold 268 shares of the business’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $593.62, for a total value of $159,090.16. Following the completion of the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at $18,764,328.20. The disclosure for this sale can be found here. Insiders sold 69,994 shares of company stock valued at $42,036,266 in the last ninety days. Corporate insiders own 1.76% of the company’s stock.

Netflix Price Performance

Netflix stock traded up $4.05 during midday trading on Tuesday, reaching $648.55. The company’s stock had a trading volume of 2,164,396 shares, compared to its average volume of 4,083,198. 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 fifty-two week low of $344.73 and a fifty-two week high of $664.25. The firm has a market capitalization of $279.53 billion, a PE ratio of 45.01, a P/E/G ratio of 1.39 and a beta of 1.26. The stock’s 50 day simple moving average is $613.75 and its 200 day simple moving average is $565.89.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Thursday, April 18th. The Internet television network reported $5.28 EPS for the quarter, topping analysts’ consensus estimates of $4.51 by $0.77. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The firm had revenue of $9.37 billion for the quarter, compared to the consensus estimate of $9.28 billion. During the same quarter in the previous year, the firm earned $2.88 earnings per share. The firm’s revenue was up 14.8% on a year-over-year basis. On average, equities research analysts forecast that Netflix, Inc. will post 18.31 earnings per share 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.