447 Shares in Netflix, Inc. (NASDAQ:NFLX) Acquired by Worth Asset Management LLC

Worth Asset Management LLC purchased a new position in shares of Netflix, Inc. (NASDAQ:NFLX) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 447 shares of the Internet television network’s stock, valued at approximately $271,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Spartan Planning & Wealth Management acquired a new stake in Netflix during the 3rd quarter worth approximately $26,000. VitalStone Financial LLC lifted its position in Netflix by 933.3% during the 4th quarter. VitalStone Financial LLC now owns 62 shares of the Internet television network’s stock worth $30,000 after acquiring an additional 56 shares during the period. Beaird Harris Wealth Management LLC lifted its position in Netflix by 1,550.0% during the 4th quarter. Beaird Harris Wealth Management LLC now owns 66 shares of the Internet television network’s stock worth $32,000 after acquiring an additional 62 shares during the period. Scarborough Advisors LLC acquired a new stake in Netflix during the 4th quarter worth approximately $32,000. Finally, Blue Bell Private Wealth Management LLC lifted its position in Netflix by 89.7% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 74 shares of the Internet television network’s stock worth $36,000 after acquiring an additional 35 shares during the period. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Insider Activity at Netflix

In related news, insider David A. Hyman sold 268 shares of the business’s stock in a transaction dated 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 sale, the insider now directly owns 31,610 shares of the company’s stock, valued at $18,764,328.20. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CEO Gregory K. Peters sold 1,278 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $593.81, for a total transaction of $758,889.18. Following the completion of the transaction, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at $7,772,972.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David A. Hyman sold 268 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $593.62, for a total value of $159,090.16. Following 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 a total of 69,425 shares of company stock valued at $41,919,791 over the last three months. 1.76% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts have recently commented on NFLX shares. Barclays raised their price target on Netflix from $475.00 to $550.00 and gave the company an “equal weight” rating in a report on Tuesday, April 9th. Citigroup raised their price target on Netflix from $555.00 to $660.00 and gave the company a “neutral” rating in a report on Monday, March 25th. StockNews.com raised Netflix from a “hold” rating to a “buy” rating in a report on Monday, February 26th. Wells Fargo & Company raised their price target on Netflix from $650.00 to $726.00 and gave the company an “overweight” rating in a report on Friday, April 19th. Finally, Rosenblatt Securities raised their price target on Netflix from $540.00 to $554.00 and gave the company a “neutral” rating in a report on Friday, May 17th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-three have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $633.53.

Netflix Trading Down 2.5 %

NASDAQ:NFLX opened at $669.02 on Tuesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.07 and a current ratio of 1.07. The stock has a market cap of $288.35 billion, a price-to-earnings ratio of 46.43, a price-to-earnings-growth ratio of 1.48 and a beta of 1.26. Netflix, Inc. has a one year low of $344.73 and a one year high of $689.88. The business’s 50-day simple moving average is $622.68 and its 200 day simple moving average is $579.07.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Thursday, April 18th. The Internet television network reported $5.28 earnings per share for the quarter, beating the consensus estimate of $4.51 by $0.77. The firm had revenue of $9.37 billion during the quarter, compared to analyst estimates of $9.28 billion. Netflix had a return on equity of 29.62% and a net margin of 18.42%. Netflix’s quarterly revenue was up 14.8% on a year-over-year basis. During the same period in the previous year, the company earned $2.88 earnings per share. As a group, sell-side analysts predict that Netflix, Inc. will post 18.31 earnings per share for the current fiscal 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.