Netflix, Inc. (NASDAQ:NFLX) Holdings Increased by Steigerwald Gordon & Koch Inc.

Steigerwald Gordon & Koch Inc. grew its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 6.0% during the first quarter, Holdings Channel reports. The institutional investor owned 480 shares of the Internet television network’s stock after acquiring an additional 27 shares during the period. Steigerwald Gordon & Koch Inc.’s holdings in Netflix were worth $448,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Pathway Financial Advisers LLC lifted its stake in shares of Netflix by 82.4% in the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network’s stock valued at $27,000 after purchasing an additional 14 shares during the last quarter. Brown Shipley& Co Ltd acquired a new position in shares of Netflix during the fourth quarter valued at about $27,000. Transce3nd LLC bought a new stake in shares of Netflix in the fourth quarter valued at about $32,000. Pineridge Advisors LLC raised its holdings in Netflix by 4,000.0% in the 4th quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network’s stock valued at $37,000 after acquiring an additional 40 shares in the last quarter. Finally, Copia Wealth Management acquired a new position in shares of Netflix in the fourth quarter valued at $37,000. Institutional investors own 80.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Guggenheim reissued a “buy” rating and issued a $1,150.00 target price (up from $1,100.00) on shares of Netflix in a report on Friday, April 18th. BMO Capital Markets restated 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. Needham & Company LLC restated a “buy” rating and issued a $1,126.00 price objective on shares of Netflix in a research report on Thursday, April 17th. Robert W. Baird raised their price objective on shares of Netflix from $1,200.00 to $1,300.00 and gave the company an “outperform” rating in a research report on Friday, May 16th. Finally, Loop Capital reaffirmed a “hold” rating on shares of Netflix in a research note on Monday, March 24th. Eleven analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Netflix presently has a consensus rating of “Moderate Buy” and an average price target of $1,149.91.

Netflix Stock Performance

NFLX opened at $1,239.66 on Thursday. The business has a fifty day simple moving average of $1,075.18 and a 200 day simple moving average of $982.47. The company has a market capitalization of $527.56 billion, a PE ratio of 62.51, a price-to-earnings-growth ratio of 2.12 and a beta of 1.58. Netflix, Inc. has a 1 year low of $587.04 and a 1 year high of $1,244.10. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.74 by $0.87. The business had revenue of $10.54 billion during the quarter, compared to the consensus estimate of $10.51 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. During the same period in the previous year, the company posted $8.28 EPS. Research analysts expect that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Activity

In other news, Director Jay C. Hoag sold 32,515 shares of the company’s stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $1,101.97, for a total transaction of $35,830,554.55. Following the completion of the sale, the director now directly owns 79,040 shares in the company, valued at approximately $87,099,708.80. This represents a 29.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Reed Hastings sold 26,933 shares of the company’s stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $1,211.66, for a total value of $32,633,638.78. Following the sale, the director now owns 394 shares of the company’s stock, valued at approximately $477,394.04. The trade was a 98.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 152,300 shares of company stock worth $169,146,939. 1.37% of the stock is currently owned by company insiders.

Netflix Company 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.