Insigneo Advisory Services LLC Buys 624 Shares of Netflix, Inc. (NASDAQ:NFLX)

Insigneo Advisory Services LLC grew its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 9.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,526 shares of the Internet television network’s stock after buying an additional 624 shares during the period. Netflix accounts for approximately 0.7% of Insigneo Advisory Services LLC’s portfolio, making the stock its 20th largest holding. Insigneo Advisory Services LLC’s holdings in Netflix were worth $7,018,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Janus Henderson Group PLC lifted its stake in Netflix by 8.7% in the fourth quarter. Janus Henderson Group PLC now owns 1,377,081 shares of the Internet television network’s stock worth $1,227,468,000 after acquiring an additional 110,432 shares during the period. PharVision Advisers LLC purchased a new position in Netflix during the fourth quarter valued at $873,000. New England Research & Management Inc. lifted its position in Netflix by 148.5% during the first quarter. New England Research & Management Inc. now owns 2,122 shares of the Internet television network’s stock valued at $1,979,000 after buying an additional 1,268 shares during the period. First National Trust Co lifted its position in Netflix by 1.0% during the fourth quarter. First National Trust Co now owns 1,258 shares of the Internet television network’s stock valued at $1,121,000 after buying an additional 12 shares during the period. Finally, Haven Private LLC purchased a new position in Netflix during the fourth quarter valued at $733,000. 80.93% of the stock is currently owned by institutional investors.

Netflix Price Performance

Shares of NASDAQ:NFLX opened at $1,225.35 on Tuesday. The business’s fifty day moving average price is $1,127.47 and its two-hundred day moving average price is $1,003.32. The stock has a market cap of $521.47 billion, a PE ratio of 61.79, a price-to-earnings-growth ratio of 2.12 and a beta of 1.59. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. Netflix, Inc. has a one year low of $587.04 and a one year high of $1,262.81.

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

Analysts Set New Price Targets

NFLX has been the subject of several recent research reports. Cfra Research raised Netflix to a “strong-buy” rating in a research report on Monday, April 28th. Rosenblatt Securities raised their price objective on Netflix from $1,494.00 to $1,514.00 and gave the company a “buy” rating in a research report on Monday, April 21st. Bank of America raised their price objective on Netflix from $1,175.00 to $1,490.00 and gave the company a “buy” rating in a research report on Friday, May 30th. FBN Securities started coverage on Netflix in a report on Thursday, March 27th. They set an “outperform” rating and a $1,165.00 price target for the company. Finally, Jefferies Financial Group raised their price target on Netflix from $1,200.00 to $1,400.00 and gave the company a “buy” rating in a report on Tuesday, June 3rd. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,156.73.

Insider Activity at Netflix

In other Netflix news, Chairman Reed Hastings sold 25,360 shares of the business’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $921.15, for a total transaction of $23,360,364.00. Following the transaction, the chairman now owns 394 shares in the company, valued at $362,933.10. The trade was a 98.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Cletus R. Willems sold 298 shares of the business’s stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $1,138.00, for a total value of $339,124.00. Following the completion of the transaction, the insider now owns 31,610 shares in the company, valued at approximately $35,972,180. This trade represents a 0.93% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 185,140 shares of company stock worth $210,271,552. 1.37% of the stock is owned by insiders.

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.