Netflix, Inc. (NASDAQ:NFLX) Holdings Lifted by McKinley Carter Wealth Services Inc.

McKinley Carter Wealth Services Inc. boosted its holdings in Netflix, Inc. (NASDAQ:NFLX) by 7.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,607 shares of the Internet television network’s stock after acquiring an additional 699 shares during the quarter. McKinley Carter Wealth Services Inc.’s holdings in Netflix were worth $8,959,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Janus Henderson Group PLC lifted its stake in Netflix by 8.7% during the fourth quarter. Janus Henderson Group PLC now owns 1,377,081 shares of the Internet television network’s stock valued at $1,227,468,000 after purchasing an additional 110,432 shares during the last quarter. PharVision Advisers LLC bought a new position in shares of Netflix in the fourth quarter valued at $873,000. First National Trust Co lifted its position in shares of Netflix by 1.0% during the 4th quarter. First National Trust Co now owns 1,258 shares of the Internet television network’s stock valued at $1,121,000 after acquiring an additional 12 shares during the last quarter. Haven Private LLC acquired a new stake in shares of Netflix during the 4th quarter valued at $733,000. Finally, Sigma Planning Corp boosted its stake in shares of Netflix by 7.4% during the 4th quarter. Sigma Planning Corp now owns 5,572 shares of the Internet television network’s stock worth $4,966,000 after acquiring an additional 386 shares in the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Netflix Price Performance

NASDAQ NFLX opened at $1,203.62 on Wednesday. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $512.23 billion, a PE ratio of 60.70, a price-to-earnings-growth ratio of 2.12 and a beta of 1.59. Netflix, Inc. has a 12-month low of $587.04 and a 12-month high of $1,262.81. The company has a 50 day moving average price of $1,099.31 and a two-hundred day moving average price of $992.93.

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

Insiders Place Their Bets

In related news, Director Jay C. Hoag sold 32,515 shares of the company’s stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $1,101.97, for a total transaction of $35,830,554.55. Following the completion of the sale, the director now directly owns 79,040 shares of the company’s stock, valued at approximately $87,099,708.80. This represents a 29.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ann Mather sold 1,358 shares of the firm’s stock in a transaction on Friday, May 9th. The shares were sold at an average price of $1,150.00, for a total transaction of $1,561,700.00. The disclosure for this sale can be found here. Insiders sold 185,140 shares of company stock valued at $210,271,552 over the last quarter. Insiders own 1.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on NFLX. Needham & Company LLC reaffirmed a “buy” rating and set a $1,126.00 target price on shares of Netflix in a research report on Thursday, April 17th. Wells Fargo & Company lifted their price target on Netflix from $1,210.00 to $1,222.00 and gave the stock an “overweight” rating in a research note on Monday, April 21st. Cfra Research raised shares of Netflix to a “strong-buy” rating in a research note on Monday, April 28th. Evercore ISI reiterated an “outperform” rating on shares of Netflix in a report on Thursday, May 15th. Finally, Canaccord Genuity Group boosted their price target on shares of Netflix from $1,200.00 to $1,380.00 and gave the company a “buy” rating in a report on Friday, May 16th. Eleven analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Netflix currently has a consensus rating of “Moderate Buy” and an average target price of $1,149.91.

About Netflix

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.