Founders Financial Securities LLC Purchases 64 Shares of Netflix, Inc. (NASDAQ:NFLX)

Founders Financial Securities LLC boosted its holdings in Netflix, Inc. (NASDAQ:NFLX) by 2.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,457 shares of the Internet television network’s stock after buying an additional 64 shares during the quarter. Founders Financial Securities LLC’s holdings in Netflix were worth $1,492,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. Capital World Investors raised its holdings in Netflix by 0.7% during the 4th quarter. Capital World Investors now owns 11,744,636 shares of the Internet television network’s stock worth $5,718,265,000 after purchasing an additional 78,320 shares during the last quarter. Jennison Associates LLC raised its stake in Netflix by 40.6% during 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 buying an additional 1,573,978 shares during the last quarter. Norges Bank acquired a new position in Netflix in the fourth quarter valued at $2,558,598,000. Fisher Asset Management LLC boosted its position in Netflix by 1.9% during the fourth quarter. Fisher Asset Management LLC now owns 4,121,104 shares of the Internet television network’s stock valued at $2,006,483,000 after acquiring an additional 78,298 shares during the last quarter. Finally, Wellington Management Group LLP raised its position in shares of Netflix by 540.9% in the 4th quarter. Wellington Management Group LLP now owns 3,878,785 shares of the Internet television network’s stock worth $1,888,503,000 after acquiring an additional 3,273,592 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

Insider Buying and Selling at Netflix

In other news, CFO Spencer Adam Neumann sold 564 shares of the business’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $613.08, for a total transaction of $345,777.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider David A. Hyman sold 268 shares of the company’s stock in a transaction dated 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 transaction, the insider now directly owns 31,610 shares in the company, valued at approximately $18,764,328.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Spencer Adam Neumann sold 564 shares of the stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $613.08, for a total value of $345,777.12. The disclosure for this sale can be found here. Insiders have sold a total of 69,425 shares of company stock valued at $41,919,791 in the last 90 days. Corporate insiders own 1.76% of the company’s stock.

Netflix Price Performance

NASDAQ NFLX traded down $9.46 during trading hours on Friday, hitting $674.88. The company had a trading volume of 3,412,391 shares, compared to its average volume of 2,746,538. 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 firm has a market capitalization of $290.87 billion, a price-to-earnings ratio of 46.83, a PEG ratio of 1.48 and a beta of 1.26. Netflix, Inc. has a 52 week low of $344.73 and a 52 week high of $689.88. The firm has a 50 day simple moving average of $628.93 and a 200 day simple moving average of $584.34.

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

Analyst Ratings Changes

A number of research firms have issued reports on NFLX. Rosenblatt Securities increased their price target on Netflix from $540.00 to $554.00 and gave the stock a “neutral” rating in a report on Friday, May 17th. Canaccord Genuity Group downgraded Netflix from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $720.00 to $585.00 in a research note on Friday, April 19th. JPMorgan Chase & Co. lifted their target price on Netflix from $610.00 to $650.00 and gave the company an “overweight” rating in a research report on Monday, April 8th. Oppenheimer reissued an “outperform” rating and issued a $725.00 price target on shares of Netflix in a research report on Friday, April 19th. Finally, Barclays lifted their price objective on shares of Netflix from $475.00 to $550.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 9th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-three have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $633.53.

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.