Financial Gravity Wealth Inc. bought a new stake in Netflix, Inc. (NASDAQ:NFLX) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 306 shares of the Internet television network’s stock, valued at approximately $112,000.

Several other institutional investors and hedge funds have also made changes to their positions in NFLX. Gemmer Asset Management LLC raised its position in shares of Netflix by 12.4% during the 4th quarter. Gemmer Asset Management LLC now owns 271 shares of the Internet television network’s stock valued at $73,000 after acquiring an additional 30 shares in the last quarter. Argent Trust Co raised its position in shares of Netflix by 4.2% during the 4th quarter. Argent Trust Co now owns 748 shares of the Internet television network’s stock valued at $200,000 after acquiring an additional 30 shares in the last quarter. Johnson Financial Group Inc. raised its position in shares of Netflix by 3.9% during the 4th quarter. Johnson Financial Group Inc. now owns 800 shares of the Internet television network’s stock valued at $214,000 after acquiring an additional 30 shares in the last quarter. Versant Capital Management Inc raised its position in shares of Netflix by 59.3% during the 4th quarter. Versant Capital Management Inc now owns 94 shares of the Internet television network’s stock valued at $25,000 after acquiring an additional 35 shares in the last quarter. Finally, Reilly Financial Advisors LLC raised its position in shares of Netflix by 5.2% during the 4th quarter. Reilly Financial Advisors LLC now owns 708 shares of the Internet television network’s stock valued at $190,000 after acquiring an additional 35 shares in the last quarter. 76.10% of the stock is currently owned by institutional investors.

In related news, Director Anne M. Sweeney sold 342 shares of the firm’s stock in a transaction dated Thursday, February 14th. The stock was sold at an average price of $360.00, for a total transaction of $123,120.00. Following the completion of the transaction, the director now owns 342 shares of the company’s stock, valued at $123,120. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Reed Hastings sold 52,458 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $367.25, for a total value of $19,265,200.50. Following the transaction, the chief executive officer now directly owns 52,458 shares of the company’s stock, valued at approximately $19,265,200.50. The disclosure for this sale can be found here. In the last three months, insiders sold 184,381 shares of company stock valued at $64,721,327. Company insiders own 4.29% of the company’s stock.

Several research firms recently issued reports on NFLX. SunTrust Banks restated a “buy” rating and set a $402.00 price objective on shares of Netflix in a research note on Wednesday, March 27th. UBS Group assumed coverage on Netflix in a research note on Tuesday, April 2nd. They set a “neutral” rating and a $350.00 price objective for the company. Buckingham Research lowered their price objective on Netflix from $382.00 to $358.00 and set a “neutral” rating for the company in a research note on Wednesday, April 17th. Rosenblatt Securities restated a “hold” rating on shares of Netflix in a research note on Wednesday, April 17th. Finally, Wedbush upped their price objective on Netflix from $165.00 to $183.00 and gave the stock an “underperform” rating in a research note on Wednesday, April 17th. Five equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $385.15.

NASDAQ:NFLX opened at $360.35 on Monday. Netflix, Inc. has a 1 year low of $231.23 and a 1 year high of $423.21. The firm has a market capitalization of $157.33 billion, a PE ratio of 134.46, a price-to-earnings-growth ratio of 3.44 and a beta of 1.36. The company has a quick ratio of 1.49, a current ratio of 0.61 and a debt-to-equity ratio of 1.81.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Tuesday, April 16th. The Internet television network reported $0.76 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.19. Netflix had a return on equity of 24.75% and a net margin of 7.61%. The company had revenue of $4.52 billion during the quarter, compared to analysts’ expectations of $4.50 billion. During the same quarter in the prior year, the business posted $0.64 earnings per share. The company’s revenue for the quarter was up 22.2% compared to the same quarter last year. As a group, sell-side analysts predict that Netflix, Inc. will post 3.5 earnings per share for the current year.

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Netflix Company Profile

Netflix, Inc provides Internet entertainment services. The company operates in three segments: Domestic streaming, International streaming, and Domestic DVD. It offers TV series, documentaries, and feature films across various genres and languages. The company provides members the ability to receive streaming content through a host of Internet-connected screens, including TVs, digital video players, television set-top boxes, and mobile devices.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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