Aspiriant LLC Purchases 333 Shares of Netflix, Inc. (NASDAQ:NFLX)

Aspiriant LLC increased its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 26.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,603 shares of the Internet television network’s stock after purchasing an additional 333 shares during the period. Aspiriant LLC’s holdings in Netflix were worth $974,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of NFLX. Norges Bank bought a new stake in Netflix in the fourth quarter valued at $2,558,598,000. Wellington Management Group LLP boosted its stake in Netflix by 540.9% in the fourth quarter. Wellington Management Group LLP now owns 3,878,785 shares of the Internet television network’s stock worth $1,888,503,000 after purchasing an additional 3,273,592 shares in the last quarter. International Assets Investment Management LLC boosted its stake in Netflix by 15,039.1% in the fourth quarter. International Assets Investment Management LLC now owns 2,075,569 shares of the Internet television network’s stock worth $1,010,553,000 after purchasing an additional 2,061,859 shares in the last quarter. Jennison Associates LLC boosted its stake in Netflix by 40.6% in the fourth quarter. Jennison Associates LLC now owns 5,452,271 shares of the Internet television network’s stock worth $2,654,602,000 after purchasing an additional 1,573,978 shares in the last quarter. Finally, Global Assets Advisory LLC acquired a new position in Netflix in the first quarter worth $436,514,000. 80.93% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Netflix

In other Netflix news, CEO Gregory K. Peters sold 4,783 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $675.00, for a total value of $3,228,525.00. Following the completion of the transaction, the chief executive officer now directly owns 13,090 shares in the company, valued at $8,835,750. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, insider David A. Hyman sold 268 shares of the firm’s stock in a transaction that occurred on 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Gregory K. Peters sold 4,783 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $675.00, for a total value of $3,228,525.00. Following the completion of the sale, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at $8,835,750. The disclosure for this sale can be found here. Insiders sold a total of 69,425 shares of company stock worth $41,919,791 over the last ninety days. 1.76% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

NFLX has been the topic of a number of recent analyst reports. Canaccord Genuity Group lowered Netflix from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $720.00 to $585.00 in a research note on Friday, April 19th. TD Cowen boosted their price objective on Netflix from $600.00 to $725.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. Canaccord Genuity Group reissued a “hold” rating and issued a $585.00 price objective (down previously from $720.00) on shares of Netflix in a research note on Friday, April 19th. KeyCorp upped their price target on Netflix from $705.00 to $707.00 and gave the company an “overweight” rating in a research note on Thursday, June 13th. Finally, Rosenblatt Securities upped their price target on Netflix from $540.00 to $554.00 and gave the company a “neutral” rating in a research note on Friday, May 17th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $633.53.

Netflix Stock Up 1.0 %

NASDAQ:NFLX opened at $684.34 on Friday. 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 50-day simple moving average of $625.06 and a 200 day simple moving average of $581.29. The company has a market cap of $294.95 billion, a PE ratio of 47.49, a PEG ratio of 1.46 and a beta of 1.26. Netflix, Inc. has a 52-week low of $344.73 and a 52-week high of $689.88.

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

About Netflix

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.