HM Payson & Co. Has $2.02 Million Position in Netflix, Inc. (NASDAQ:NFLX)

HM Payson & Co. lifted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 1.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,170 shares of the Internet television network’s stock after purchasing an additional 41 shares during the quarter. HM Payson & Co.’s holdings in Netflix were worth $2,024,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Brighton Jones LLC grew its holdings in shares of Netflix by 5.0% during the fourth quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network’s stock worth $4,804,000 after buying an additional 257 shares in the last quarter. Revolve Wealth Partners LLC grew its stake in Netflix by 16.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network’s stock valued at $912,000 after purchasing an additional 144 shares in the last quarter. BIP Wealth LLC grew its stake in Netflix by 23.8% in the fourth quarter. BIP Wealth LLC now owns 453 shares of the Internet television network’s stock valued at $403,000 after purchasing an additional 87 shares in the last quarter. Proficio Capital Partners LLC grew its stake in Netflix by 39.1% in the fourth quarter. Proficio Capital Partners LLC now owns 2,161 shares of the Internet television network’s stock valued at $1,926,000 after purchasing an additional 607 shares in the last quarter. Finally, Welch & Forbes LLC grew its stake in Netflix by 5.8% in the fourth quarter. Welch & Forbes LLC now owns 328 shares of the Internet television network’s stock valued at $292,000 after purchasing an additional 18 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on NFLX. Citigroup restated a “neutral” rating and issued a $1,250.00 price target (up from $1,020.00) on shares of Netflix in a research note on Thursday, May 29th. KeyCorp upped their target price on shares of Netflix from $1,000.00 to $1,070.00 and gave the company an “overweight” rating in a report on Monday, April 21st. Loop Capital reaffirmed a “hold” rating on shares of Netflix in a report on Monday, March 24th. Barclays upped their target price on shares of Netflix from $900.00 to $1,000.00 and gave the company an “equal weight” rating in a report on Monday, April 21st. Finally, Guggenheim reiterated a “buy” rating and set a $1,150.00 target price (up from $1,100.00) on shares of Netflix in a research note on Friday, April 18th. Eleven analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $1,182.58.

Netflix Stock Performance

NASDAQ:NFLX opened at $1,295.24 on Friday. The stock has a 50 day simple moving average of $1,207.87 and a 200 day simple moving average of $1,037.61. The stock has a market cap of $551.21 billion, a P/E ratio of 61.21, a PEG ratio of 2.35 and a beta of 1.59. 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 $1,341.15.

Netflix (NASDAQ:NFLX) last released its earnings results 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. The firm had revenue of $10.54 billion during the quarter, compared to the consensus estimate of $10.51 billion. Netflix had a return on equity of 39.61% and a net margin of 23.07%. During the same period in the prior year, the company posted $8.28 EPS. Research analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insider Activity

In other news, CAO Jeffrey William Karbowski sold 620 shares of the company’s stock in a transaction on Wednesday, June 25th. The stock was 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 through this hyperlink. Also, Director Ann Mather sold 1,090 shares of the company’s stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $1,250.00, for a total value of $1,362,500.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 186,723 shares of company stock worth $223,307,201. 1.37% of the stock is owned by insiders.

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.