Dash Acquisitions Inc. Purchases New Holdings in Netflix, Inc. (NASDAQ:NFLX)

Dash Acquisitions Inc. purchased a new position in Netflix, Inc. (NASDAQ:NFLX) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 348 shares of the Internet television network’s stock, valued at approximately $214,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of NFLX. KFA Private Wealth Group LLC increased its position in shares of Netflix by 1.9% in the fourth quarter. KFA Private Wealth Group LLC now owns 958 shares of the Internet television network’s stock valued at $466,000 after acquiring an additional 18 shares during the period. Legacy Capital Group California Inc. increased its position 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 valued at $1,379,000 after acquiring an additional 18 shares during the period. Founders Financial Alliance LLC increased its position 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 valued at $369,000 after acquiring an additional 18 shares during the period. Capital Advisors Ltd. LLC increased its position in shares of Netflix by 4.6% in the first quarter. Capital Advisors Ltd. LLC now owns 411 shares of the Internet television network’s stock valued at $250,000 after acquiring an additional 18 shares during the period. Finally, Addison Advisors LLC increased its position 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 valued at $134,000 after acquiring an additional 20 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Wall Street Analyst Weigh In

NFLX has been the topic of a number of research reports. Jefferies Financial Group reaffirmed a “buy” rating and set a $655.00 target price on shares of Netflix in a research note on Wednesday, May 15th. BMO Capital Markets reaffirmed an “outperform” rating and set a $713.00 target price (up previously from $638.00) on shares of Netflix in a research note on Wednesday, April 17th. CICC Research started coverage on shares of Netflix in a research note on Thursday, May 2nd. They set an “outperform” rating and a $650.00 price objective on the stock. Needham & Company LLC reissued a “buy” rating and set a $700.00 price objective on shares of Netflix in a research note on Monday, June 17th. Finally, Morgan Stanley boosted their price objective on shares of Netflix from $600.00 to $700.00 and gave the stock an “overweight” rating in a research note on Friday, April 12th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-four have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $637.34.

Insider Activity

In related news, CFO Spencer Adam Neumann sold 564 shares of the stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $613.08, for a total value of $345,777.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Netflix news, Chairman Reed Hastings sold 22,526 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $670.49, for a total transaction of $15,103,457.74. Following the completion of the transaction, the chairman now directly owns 57 shares of the company’s stock, valued at approximately $38,217.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Spencer Adam Neumann sold 564 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $613.08, for a total transaction of $345,777.12. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 71,385 shares of company stock worth $44,469,351. Corporate insiders own 1.76% of the company’s stock.

Netflix Trading Up 0.9 %

Shares of NASDAQ NFLX traded up $5.97 during mid-day trading on Tuesday, reaching $679.58. The company had a trading volume of 2,255,277 shares, compared to its average volume of 3,964,132. The business’s 50-day moving average is $631.31 and its 200-day moving average is $586.51. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.62. The stock has a market cap of $292.90 billion, a price-to-earnings ratio of 47.23, a price-to-earnings-growth ratio of 1.46 and a beta of 1.27. Netflix, Inc. has a 52 week low of $344.73 and a 52 week high of $689.88.

Netflix (NASDAQ:NFLX) last issued its earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $9.28 billion. During the same period in the prior year, the business earned $2.88 EPS. The firm’s quarterly revenue was up 14.8% on a year-over-year basis. Equities analysts expect that Netflix, Inc. will post 18.31 earnings per share for the current year.

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.