Farmers & Merchants Investments Inc. Has $5.25 Million Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Farmers & Merchants Investments Inc. increased its position in Netflix, Inc. (NASDAQ:NFLX) by 0.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,633 shares of the Internet television network’s stock after buying an additional 29 shares during the period. Farmers & Merchants Investments Inc.’s holdings in Netflix were worth $5,253,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in NFLX. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Netflix by 28.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 91,054 shares of the Internet television network’s stock valued at $84,909,000 after buying an additional 20,152 shares during the last quarter. Tritonpoint Wealth LLC lifted its holdings in shares of Netflix by 4.4% in the first quarter. Tritonpoint Wealth LLC now owns 1,905 shares of the Internet television network’s stock valued at $1,776,000 after purchasing an additional 81 shares in the last quarter. Jackson Square Capital LLC boosted its position in shares of Netflix by 18.3% during the first quarter. Jackson Square Capital LLC now owns 7,368 shares of the Internet television network’s stock valued at $6,871,000 after buying an additional 1,138 shares during the last quarter. BNC Wealth Management LLC grew its holdings in Netflix by 6.7% during the first quarter. BNC Wealth Management LLC now owns 3,449 shares of the Internet television network’s stock worth $3,216,000 after buying an additional 217 shares in the last quarter. Finally, Goldstone Financial Group LLC raised its position in Netflix by 11.4% in the 1st quarter. Goldstone Financial Group LLC now owns 910 shares of the Internet television network’s stock valued at $849,000 after buying an additional 93 shares during the last quarter. 80.93% of the stock is owned by institutional investors.

Insider Activity at Netflix

In other Netflix news, Director Jay C. Hoag sold 31,750 shares of the firm’s stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $1,252.35, for a total transaction of $39,762,112.50. Following the completion of the transaction, the director now 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 Securities & Exchange Commission, which is accessible through this link. Also, CAO Jeffrey William Karbowski sold 480 shares of the business’s stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $978.18, for a total value of $469,526.40. The disclosure for this sale can be found here. Insiders have sold a total of 185,140 shares of company stock worth $210,271,552 in the last 90 days. Company insiders own 1.37% of the company’s stock.

Netflix Stock Down 0.2%

NFLX opened at $1,212.15 on Friday. Netflix, Inc. has a 12 month low of $587.04 and a 12 month high of $1,262.81. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. The business’s 50-day moving average price is $1,120.37 and its 200-day moving average price is $999.25. The company has a market cap of $515.86 billion, a P/E ratio of 61.13, a P/E/G ratio of 2.12 and a beta of 1.59.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, beating analysts’ consensus estimates of $5.74 by $0.87. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The firm had revenue of $10.54 billion during the quarter, compared to analyst estimates of $10.51 billion. During the same quarter in the prior year, the firm posted $8.28 earnings per share. On average, equities analysts expect that Netflix, Inc. will post 24.58 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on NFLX. FBN Securities started coverage on shares of Netflix in a research note on Thursday, March 27th. They issued an “outperform” rating and a $1,165.00 target price for the company. Phillip Securities upgraded shares of Netflix from a “moderate sell” rating to a “hold” rating in a research note on Monday, April 21st. Cfra Research upgraded Netflix to a “strong-buy” rating in a research note on Monday, April 28th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $1,220.00 price target (up from $1,150.00) on shares of Netflix in a research report on Monday, May 19th. Finally, Moffett Nathanson reissued a “buy” rating and issued a $1,150.00 price objective (up previously from $1,100.00) on shares of Netflix in a research report on Friday, April 18th. Eleven investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $1,156.73.

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.