SJS Investment Consulting Inc. Increases Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

SJS Investment Consulting Inc. boosted its stake in Netflix, Inc. (NASDAQ:NFLX) by 19.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 228 shares of the Internet television network’s stock after acquiring an additional 37 shares during the quarter. SJS Investment Consulting Inc.’s holdings in Netflix were worth $213,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of NFLX. Sonora Investment Management Group LLC increased its stake in Netflix by 21.4% during the 1st quarter. Sonora Investment Management Group LLC now owns 880 shares of the Internet television network’s stock worth $821,000 after buying an additional 155 shares during the period. Livforsakringsbolaget Skandia Omsesidigt increased its position in shares of Netflix by 29.6% during the first quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 12,401 shares of the Internet television network’s stock worth $11,561,000 after acquiring an additional 2,830 shares during the last quarter. Accurate Wealth Management LLC lifted its stake in shares of Netflix by 4.6% in the first quarter. Accurate Wealth Management LLC now owns 1,619 shares of the Internet television network’s stock worth $1,487,000 after acquiring an additional 71 shares in the last quarter. Simplicity Wealth LLC lifted its stake in shares of Netflix by 86.8% in the first quarter. Simplicity Wealth LLC now owns 3,675 shares of the Internet television network’s stock worth $3,427,000 after acquiring an additional 1,708 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Netflix by 17.6% in the first quarter. GAMMA Investing LLC now owns 9,475 shares of the Internet television network’s stock valued at $8,836,000 after purchasing an additional 1,415 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Stock Down 1.4%

NFLX opened at $1,224.46 on Tuesday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. The company has a market capitalization of $521.09 billion, a PE ratio of 61.75, a P/E/G ratio of 2.12 and a beta of 1.59. The stock’s fifty day moving average is $1,093.58 and its 200-day moving average is $991.46. Netflix, Inc. has a one year low of $587.04 and a one year high of $1,262.81.

Netflix (NASDAQ:NFLX) last released its earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.74 by $0.87. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The firm had revenue of $10.54 billion for the quarter, compared to analyst estimates of $10.51 billion. During the same period in the previous year, the company earned $8.28 earnings per share. On average, equities analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Buying and Selling

In other Netflix news, Director Jay C. Hoag sold 31,750 shares of Netflix stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $1,252.35, for a total value of $39,762,112.50. Following the transaction, the director now owns 63,040 shares in the company, valued at approximately $78,948,144. The trade was a 33.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Ann Mather sold 1,090 shares of the company’s stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $1,250.00, for a total value of $1,362,500.00. The disclosure for this sale can be found here. Insiders have sold 185,140 shares of company stock worth $210,271,552 in the last ninety days. 1.37% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

NFLX has been the topic of several analyst reports. Cfra Research upgraded Netflix to a “strong-buy” rating in a report on Monday, April 28th. Moffett Nathanson reaffirmed a “buy” rating and set a $1,150.00 target price (up previously from $1,100.00) on shares of Netflix in a report on Friday, April 18th. Pivotal Research boosted their price target on Netflix from $1,250.00 to $1,350.00 and gave the company a “buy” rating in a report on Monday, April 21st. Bank of America lifted their price objective on shares of Netflix from $1,175.00 to $1,490.00 and gave the stock a “buy” rating in a report on Friday, May 30th. Finally, Loop Capital reiterated a “hold” rating on shares of Netflix in a research note on Monday, March 24th. 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’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $1,149.91.

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.