374 Shares in Netflix, Inc. (NASDAQ:NFLX) Purchased by Affiance Financial LLC

Affiance Financial LLC acquired a new position in shares of Netflix, Inc. (NASDAQ:NFLX) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 374 shares of the Internet television network’s stock, valued at approximately $227,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. KFA Private Wealth Group LLC raised its stake in Netflix by 1.9% during the fourth quarter. KFA Private Wealth Group LLC now owns 958 shares of the Internet television network’s stock valued at $466,000 after buying an additional 18 shares during the last quarter. Legacy Capital Group California Inc. raised its stake in shares of Netflix by 0.6% in the fourth quarter. Legacy Capital Group California Inc. now owns 2,833 shares of the Internet television network’s stock worth $1,379,000 after purchasing an additional 18 shares during the last quarter. Founders Financial Alliance LLC raised its stake in shares of Netflix by 2.4% in the fourth quarter. Founders Financial Alliance LLC now owns 757 shares of the Internet television network’s stock worth $369,000 after purchasing an additional 18 shares during the last quarter. Addison Advisors LLC raised its stake in shares of Netflix by 7.8% in the fourth quarter. Addison Advisors LLC now owns 276 shares of the Internet television network’s stock worth $134,000 after purchasing an additional 20 shares during the last quarter. Finally, Regent Peak Wealth Advisors LLC raised its stake in shares of Netflix by 1.6% in the fourth quarter. Regent Peak Wealth Advisors LLC now owns 1,304 shares of the Internet television network’s stock worth $635,000 after purchasing an additional 21 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Stock Performance

Shares of NFLX stock traded up $5.94 on Thursday, hitting $683.63. The company had a trading volume of 254,236 shares, compared to its average volume of 3,978,509. The firm has a market cap of $294.64 billion, a P/E ratio of 47.03, a price-to-earnings-growth ratio of 1.45 and a beta of 1.26. The company has a 50-day moving average price of $623.78 and a 200-day moving average price of $580.61. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.62. Netflix, Inc. has a twelve month low of $344.73 and a twelve month high of $689.88.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results 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. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The firm had revenue of $9.37 billion during the quarter, compared to analyst estimates of $9.28 billion. During the same quarter in the previous year, the business earned $2.88 EPS. Netflix’s revenue for the quarter was up 14.8% compared to the same quarter last year. As a group, equities research analysts predict that Netflix, Inc. will post 18.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on NFLX shares. Needham & Company LLC restated a “buy” rating and issued a $700.00 price target on shares of Netflix in a research note on Monday, June 17th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $655.00 price objective on shares of Netflix in a report on Wednesday, May 15th. Deutsche Bank Aktiengesellschaft lifted their price objective on Netflix from $525.00 to $550.00 and gave the stock a “hold” rating in a report on Monday, April 15th. Wells Fargo & Company lifted their price objective on Netflix from $650.00 to $726.00 and gave the stock an “overweight” rating in a report on Friday, April 19th. Finally, Guggenheim lifted their price objective on Netflix from $600.00 to $700.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. One research 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, Netflix presently has an average rating of “Moderate Buy” and a consensus target price of $633.53.

Insider Activity at Netflix

In other Netflix news, Chairman Reed Hastings sold 20,566 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $610.42, for a total transaction of $12,553,897.72. Following the completion of the sale, the chairman now directly owns 28 shares in the company, valued at approximately $17,091.76. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Netflix news, Chairman Reed Hastings sold 20,566 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $610.42, for a total transaction of $12,553,897.72. Following the completion of the sale, the chairman now directly owns 28 shares in the company, valued at approximately $17,091.76. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider David A. Hyman sold 268 shares of the business’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 sale, the insider now 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 worth $41,919,791 in the last 90 days. Corporate insiders own 1.76% 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.