SNS Financial Group LLC raised its holdings in Netflix, Inc. (NASDAQ:NFLX) by 53.7% in the 1st quarter, Holdings Channel reports. The fund owned 2,626 shares of the Internet television network’s stock after acquiring an additional 918 shares during the period. SNS Financial Group LLC’s holdings in Netflix were worth $936,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of NFLX. Clarfeld Financial Advisors LLC acquired a new stake in Netflix during the fourth quarter worth about $27,000. Pearl River Capital LLC acquired a new stake in Netflix during the fourth quarter worth about $30,000. Citizens Financial Group Inc RI grew its stake in Netflix by 750.0% during the fourth quarter. Citizens Financial Group Inc RI now owns 136 shares of the Internet television network’s stock worth $36,000 after buying an additional 120 shares in the last quarter. TCG Advisors LP acquired a new stake in shares of Netflix in the 1st quarter valued at approximately $36,000. Finally, CNB Bank acquired a new stake in shares of Netflix in the 4th quarter valued at approximately $43,000. Institutional investors own 77.05% of the company’s stock.

In related news, CEO Reed Hastings sold 52,458 shares of Netflix stock in a transaction on 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 completion of the sale, the chief executive officer now owns 52,458 shares of the company’s stock, valued at approximately $19,265,200.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In the last ninety days, insiders have sold 166,838 shares of company stock valued at $60,415,372. Insiders own 4.29% of the company’s stock.

Shares of NFLX stock traded down $5.85 during trading hours on Friday, hitting $337.58. 199,611 shares of the company were exchanged, compared to its average volume of 5,097,457. The company has a market cap of $151.09 billion, a price-to-earnings ratio of 125.85, a price-to-earnings-growth ratio of 3.44 and a beta of 1.30. Netflix, Inc. has a fifty-two week low of $231.23 and a fifty-two week high of $423.21. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 1.81.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Tuesday, April 16th. The Internet television network reported $0.76 EPS for the quarter, topping the consensus estimate of $0.57 by $0.19. The company had revenue of $4.52 billion during the quarter, compared to the consensus estimate of $4.50 billion. Netflix had a net margin of 7.61% and a return on equity of 24.75%. The company’s quarterly revenue was up 22.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.64 EPS. Analysts anticipate that Netflix, Inc. will post 3.34 earnings per share for the current year.

A number of research firms have recently weighed in on NFLX. BidaskClub upgraded shares of Netflix from a “sell” rating to a “hold” rating in a research note on Wednesday, April 24th. ValuEngine upgraded shares of Netflix from a “hold” rating to a “buy” rating in a research note on Tuesday, April 23rd. Imperial Capital reduced their price target on shares of Netflix from $463.00 to $458.00 and set an “outperform” rating on the stock in a research note on Friday, April 26th. Credit Suisse Group reiterated a “buy” rating and issued a $440.00 price objective on shares of Netflix in a report on Wednesday, April 3rd. Finally, Rosenblatt Securities started coverage on shares of Netflix in a report on Tuesday, April 2nd. They issued a “neutral” rating and a $350.00 price objective for the company. Five research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-eight have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $386.03.

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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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