Netflix, Inc. (NASDAQ:NFLX) Shares Bought by Jaffetilchin Investment Partners LLC

Jaffetilchin Investment Partners LLC boosted its position in Netflix, Inc. (NASDAQ:NFLX) by 2.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,926 shares of the Internet television network’s stock after buying an additional 51 shares during the quarter. Jaffetilchin Investment Partners LLC’s holdings in Netflix were worth $1,796,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Halbert Hargrove Global Advisors LLC lifted its stake in Netflix by 100.0% during the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network’s stock worth $25,000 after purchasing an additional 13 shares during the last quarter. Brown Shipley& Co Ltd acquired a new position in shares of Netflix in the 4th quarter valued at about $27,000. Transce3nd LLC bought a new stake in shares of Netflix during the 4th quarter valued at about $32,000. Copia Wealth Management bought a new stake in shares of Netflix during the 4th quarter valued at about $37,000. Finally, Stuart Chaussee & Associates Inc. boosted its stake in Netflix by 4,500.0% in the fourth quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network’s stock valued at $41,000 after acquiring an additional 45 shares during the period. Institutional investors own 80.93% of the company’s stock.

Analysts Set New Price Targets

NFLX has been the subject of several analyst reports. Oppenheimer boosted their price target on shares of Netflix from $1,200.00 to $1,425.00 and gave the company an “outperform” rating in a report on Thursday, June 12th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $1,220.00 price objective (up from $1,150.00) on shares of Netflix in a research report on Monday, May 19th. Jefferies Financial Group lifted 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. Phillip Securities raised shares of Netflix from a “moderate sell” rating to a “hold” rating in a research note on Monday, April 21st. Finally, Robert W. Baird lifted their target price on Netflix from $1,200.00 to $1,300.00 and gave the stock an “outperform” rating in a report on Friday, May 16th. Eleven investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,172.73.

Netflix Stock Performance

Shares of NASDAQ NFLX opened at $1,306.67 on Friday. The firm has a market capitalization of $556.08 billion, a price-to-earnings ratio of 61.75, a PEG ratio of 2.47 and a beta of 1.59. Netflix, Inc. has a one year low of $587.04 and a one year high of $1,314.95. The business has a fifty day simple moving average of $1,176.24 and a 200 day simple moving average of $1,020.75. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.58.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, topping analysts’ consensus estimates of $5.74 by $0.87. The company had revenue of $10.54 billion during the quarter, compared to the consensus estimate of $10.51 billion. Netflix had a net margin of 23.07% and a return on equity of 39.61%. During the same period last year, the firm earned $8.28 EPS. Sell-side analysts expect that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Activity at Netflix

In other news, CFO Spencer Adam Neumann sold 2,601 shares of Netflix stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $921.72, for a total value of $2,397,393.72. Following the completion of the sale, the chief financial officer now directly owns 3,691 shares of the company’s stock, valued at approximately $3,402,068.52. This trade represents a 41.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Reed Hastings sold 25,360 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $921.15, for a total transaction of $23,360,364.00. Following the completion of the transaction, the chairman now owns 394 shares in the company, valued at $362,933.10. This represents a 98.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 185,280 shares of company stock valued at $210,599,866 in the last ninety days. Insiders own 1.37% of the company’s stock.

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.