Nvest Financial LLC Buys 306 Shares of Netflix, Inc. (NASDAQ:NFLX)

Nvest Financial LLC grew its holdings in Netflix, Inc. (NASDAQ:NFLX) by 18.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,982 shares of the Internet television network’s stock after purchasing an additional 306 shares during the quarter. Nvest Financial LLC’s holdings in Netflix were worth $1,204,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Columbia Trust Co 01012016 boosted its stake in shares of Netflix by 15.3% in the 4th quarter. Columbia Trust Co 01012016 now owns 1,566 shares of the Internet television network’s stock valued at $762,000 after purchasing an additional 208 shares during the last quarter. Crumly & Associates Inc. raised its position in shares of Netflix by 4.1% in the 4th quarter. Crumly & Associates Inc. now owns 2,105 shares of the Internet television network’s stock valued at $1,025,000 after acquiring an additional 83 shares during the period. Venture Visionary Partners LLC raised its position in shares of Netflix by 15.4% in the 4th quarter. Venture Visionary Partners LLC now owns 9,849 shares of the Internet television network’s stock valued at $4,795,000 after acquiring an additional 1,318 shares during the period. Sandy Cove Advisors LLC raised its position in shares of Netflix by 10.6% in the 4th quarter. Sandy Cove Advisors LLC now owns 1,187 shares of the Internet television network’s stock valued at $578,000 after acquiring an additional 114 shares during the period. Finally, Malaga Cove Capital LLC raised its position in shares of Netflix by 25.4% in the 4th quarter. Malaga Cove Capital LLC now owns 1,562 shares of the Internet television network’s stock valued at $761,000 after acquiring an additional 316 shares during the period. Institutional investors own 80.93% of the company’s stock.

Netflix Stock Up 0.9 %

NFLX traded up $5.97 during trading on Tuesday, reaching $679.58. 2,409,790 shares of the stock were exchanged, compared to its average volume of 3,964,177. The stock has a market cap of $292.90 billion, a P/E ratio of 47.23, a price-to-earnings-growth ratio of 1.46 and a beta of 1.27. Netflix, Inc. has a twelve month low of $344.73 and a twelve month high of $689.88. The stock’s 50 day moving average price is $631.31 and its two-hundred day moving average price is $586.51. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.07 and a current ratio of 1.07.

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

Insider Buying and Selling at Netflix

In other Netflix news, insider David A. Hyman sold 268 shares of the company’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $593.62, for a total value of $159,090.16. Following the transaction, the insider now directly owns 31,610 shares in the company, valued at $18,764,328.20. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director Anne M. Sweeney sold 633 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $560.00, for a total value of $354,480.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider David A. Hyman sold 268 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $593.62, for a total transaction of $159,090.16. Following the completion of the transaction, the insider now owns 31,610 shares in the company, valued at $18,764,328.20. The disclosure for this sale can be found here. Insiders have sold a total of 71,385 shares of company stock worth $44,469,351 over the last ninety days. Insiders own 1.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Benchmark increased their price target on shares of Netflix from $440.00 to $450.00 and gave the company a “sell” rating in a research report on Friday, May 17th. Rosenblatt Securities increased their price target on shares of Netflix from $540.00 to $554.00 and gave the company a “neutral” rating in a research report on Friday, May 17th. CICC Research assumed coverage on shares of Netflix in a research report on Thursday, May 2nd. They issued an “outperform” rating and a $650.00 price target on the stock. Barclays increased their price target on shares of Netflix from $475.00 to $550.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 9th. Finally, Macquarie raised their target price on shares of Netflix from $595.00 to $685.00 and gave the stock an “outperform” rating in a report on Tuesday, April 16th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $637.34.

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.