Grimes & Company Inc. Grows Holdings in Netflix, Inc. (NASDAQ:NFLX)

Grimes & Company Inc. grew its stake in shares of Netflix, Inc. (NASDAQ:NFLXFree Report) by 3.9% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 376 shares of the Internet television network’s stock after buying an additional 14 shares during the period. Grimes & Company Inc.’s holdings in Netflix were worth $350,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Brown Shipley& Co Ltd purchased a new stake in shares of Netflix in the 4th quarter valued at $27,000. Transce3nd LLC bought a new stake in Netflix in the fourth quarter worth $32,000. Copia Wealth Management bought a new stake in Netflix in the fourth quarter worth $37,000. Stuart Chaussee & Associates Inc. boosted its position in Netflix by 4,500.0% during the fourth quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network’s stock valued at $41,000 after buying an additional 45 shares during the period. Finally, NewSquare Capital LLC grew its stake in shares of Netflix by 120.0% during the fourth quarter. NewSquare Capital LLC now owns 55 shares of the Internet television network’s stock valued at $49,000 after buying an additional 30 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Insider Activity at Netflix

In other Netflix news, CAO Jeffrey William Karbowski sold 480 shares of Netflix stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $978.18, for a total transaction of $469,526.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jay C. Hoag sold 31,750 shares of the business’s stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $1,252.35, for a total value of $39,762,112.50. Following the completion of the sale, the director now directly owns 63,040 shares in the company, valued at $78,948,144. This trade represents a 33.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 185,140 shares of company stock valued at $210,271,552 in the last three months. Company insiders own 1.37% of the company’s stock.

Analyst Ratings Changes

NFLX has been the topic of several analyst reports. Jefferies Financial Group boosted their target price on Netflix from $1,200.00 to $1,400.00 and gave the company a “buy” rating in a research note on Tuesday, June 3rd. Moffett Nathanson reaffirmed a “buy” rating and issued a $1,150.00 price target (up from $1,100.00) on shares of Netflix in a research note on Friday, April 18th. BMO Capital Markets reiterated an “outperform” rating and issued a $1,200.00 price objective (up previously from $1,175.00) on shares of Netflix in a research report on Friday, April 18th. FBN Securities assumed coverage on shares of Netflix in a report on Thursday, March 27th. They issued an “outperform” rating and a $1,165.00 target price on the stock. Finally, Oppenheimer lifted their target price on shares of Netflix from $1,200.00 to $1,425.00 and gave the stock an “outperform” rating in a research note on Thursday, June 12th. Eleven research 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’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $1,156.73.

View Our Latest Stock Analysis on NFLX

Netflix Trading Down 0.4%

NASDAQ NFLX opened at $1,220.67 on Wednesday. The stock’s 50 day moving average is $1,132.97 and its 200 day moving average is $1,004.83. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $519.48 billion, a PE ratio of 57.69, a P/E/G ratio of 2.37 and a beta of 1.59. Netflix, Inc. has a twelve month low of $587.04 and a twelve month high of $1,262.81.

Netflix (NASDAQ:NFLXGet Free Report) last announced its earnings results on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, beating analysts’ consensus estimates of $5.74 by $0.87. The firm had revenue of $10.54 billion for the quarter, compared to analysts’ expectations of $10.51 billion. Netflix had a net margin of 23.07% and a return on equity of 39.61%. During the same quarter in the previous year, the business posted $8.28 EPS. Research analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Netflix Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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