Skyline Advisors Inc. Purchases New Holdings in Netflix, Inc. (NASDAQ:NFLX)

Skyline Advisors Inc. acquired 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 acquired 472 shares of the Internet television network’s stock, valued at approximately $287,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Netflix in the 4th 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 valued at $1,888,503,000 after buying an additional 3,273,592 shares in the last quarter. International Assets Investment Management LLC grew its position 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 valued at $1,010,553,000 after acquiring an additional 2,061,859 shares during the last quarter. Jennison Associates LLC grew its position 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 valued at $2,654,602,000 after acquiring an additional 1,573,978 shares during the last quarter. Finally, Global Assets Advisory LLC acquired a new position in Netflix during the first quarter worth about $436,514,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently issued reports on NFLX. KeyCorp lifted their price target on shares of Netflix from $705.00 to $707.00 and gave the company an “overweight” rating in a report on Thursday, June 13th. Rosenblatt Securities upped their price target on shares of Netflix from $540.00 to $554.00 and gave the stock a “neutral” rating in a report on Friday, May 17th. Citigroup raised their price objective on Netflix from $555.00 to $660.00 and gave the company a “neutral” rating in a report on Monday, March 25th. Oppenheimer reiterated an “outperform” rating and issued a $725.00 target price on shares of Netflix in a research report on Friday, April 19th. Finally, CICC Research started coverage on Netflix in a research note on Thursday, May 2nd. They set an “outperform” rating and a $650.00 price target on the stock. 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 company. According to data from MarketBeat.com, Netflix currently has an average rating of “Moderate Buy” and a consensus target price of $633.53.

Insider Transactions at Netflix

In related news, insider David A. Hyman sold 268 shares of the company’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $593.62, for a total transaction of $159,090.16. Following the completion of the sale, the insider now owns 31,610 shares in the company, valued at $18,764,328.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Anne M. Sweeney sold 633 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $560.00, for a total value of $354,480.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider David A. Hyman sold 268 shares of the 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 sale, 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 48,859 shares of company stock valued at $29,365,893 over the last ninety days. 1.76% of the stock is currently owned by insiders.

Netflix Stock Down 1.4 %

Shares of NASDAQ NFLX traded down $9.48 during midday trading on Monday, hitting $665.40. 583,111 shares of the stock traded hands, compared to its average volume of 3,964,766. Netflix, Inc. has a one year low of $344.73 and a one year high of $689.88. The business has a 50 day moving average price of $628.93 and a two-hundred day moving average price of $585.07. 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 company has a market cap of $286.79 billion, a PE ratio of 46.83, a P/E/G ratio of 1.46 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Thursday, April 18th. The Internet television network reported $5.28 earnings per share for the quarter, topping the consensus estimate of $4.51 by $0.77. The firm had revenue of $9.37 billion for the quarter, compared to the consensus estimate of $9.28 billion. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The business’s revenue was up 14.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.88 earnings per share. On average, equities analysts predict that Netflix, Inc. will post 18.31 EPS for the current 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.