Clean Yield Group Purchases 568 Shares of Netflix, Inc. (NASDAQ:NFLX)

Clean Yield Group boosted its position in Netflix, Inc. (NASDAQ:NFLX) by 31.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,401 shares of the Internet television network’s stock after acquiring an additional 568 shares during the period. Clean Yield Group’s holdings in Netflix were worth $2,239,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NFLX. Capital & Planning LLC bought a new position in Netflix during the fourth quarter worth about $809,000. Brighton Jones LLC boosted its holdings in Netflix by 5.0% during the fourth quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network’s stock worth $4,804,000 after buying an additional 257 shares during the last quarter. Union Bancaire Privee UBP SA bought a new position in Netflix during the fourth quarter worth about $12,212,000. Revolve Wealth Partners LLC boosted its holdings in Netflix by 16.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network’s stock worth $912,000 after buying an additional 144 shares during the last quarter. Finally, SOA Wealth Advisors LLC. boosted its holdings in Netflix by 4.8% during the fourth quarter. SOA Wealth Advisors LLC. now owns 1,587 shares of the Internet television network’s stock worth $1,415,000 after buying an additional 72 shares during the last quarter. Institutional investors own 80.93% of the company’s stock.

Netflix Stock Down 0.7%

NASDAQ:NFLX opened at $1,241.47 on Friday. The firm has a market capitalization of $528.33 billion, a price-to-earnings ratio of 62.61, a price-to-earnings-growth ratio of 2.12 and a beta of 1.59. Netflix, Inc. has a twelve month low of $587.04 and a twelve month high of $1,262.81. The stock’s 50 day moving average price is $1,087.80 and its two-hundred day moving average price is $988.53. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56.

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

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on NFLX shares. Oppenheimer restated an “outperform” rating and set a $1,200.00 target price (up previously from $1,150.00) on shares of Netflix in a report on Friday, April 18th. Bank of America raised their target price on Netflix from $1,175.00 to $1,490.00 and gave the stock a “buy” rating in a report on Friday, May 30th. Barclays raised their target price on Netflix from $900.00 to $1,000.00 and gave the stock an “equal weight” rating in a report on Monday, April 21st. Wolfe Research set a $1,340.00 price objective on Netflix and gave the company an “outperform” rating in a report on Friday, May 16th. Finally, Robert W. Baird lifted their price objective on Netflix from $1,200.00 to $1,300.00 and gave the company an “outperform” rating in a report on Friday, May 16th. Eleven analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Netflix currently has a consensus rating of “Moderate Buy” and an average price target of $1,149.91.

Insiders Place Their Bets

In related news, CAO Jeffrey William Karbowski sold 160 shares of the business’s stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $1,000.00, for a total transaction of $160,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Ann Mather sold 1,090 shares of the business’s stock in a transaction that occurred on Thursday, June 5th. The stock was 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 153,390 shares of company stock valued at $170,509,439 in the last 90 days. 1.37% of the stock is currently owned by 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.