Netflix, Inc. (NASDAQ:NFLX) Shares Bought by MV Capital Management Inc.

MV Capital Management Inc. grew its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 48.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 533 shares of the Internet television network’s stock after acquiring an additional 175 shares during the quarter. MV Capital Management Inc.’s holdings in Netflix were worth $497,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Pathway Financial Advisers LLC increased its position in Netflix by 82.4% during the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network’s stock worth $27,000 after purchasing an additional 14 shares in the last quarter. Brown Shipley& Co Ltd acquired a new stake in Netflix during the 4th quarter worth approximately $27,000. Transce3nd LLC acquired a new stake in Netflix during the 4th quarter worth approximately $32,000. Pineridge Advisors LLC increased its position in Netflix by 4,000.0% during the 4th quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network’s stock worth $37,000 after purchasing an additional 40 shares in the last quarter. Finally, Copia Wealth Management acquired a new stake in Netflix during the 4th quarter worth approximately $37,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insiders Place Their Bets

In other news, Chairman Reed Hastings sold 25,360 shares of Netflix stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $921.15, for a total value of $23,360,364.00. Following the completion of the sale, the chairman now directly owns 394 shares of the company’s stock, valued at approximately $362,933.10. This trade represents a 98.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Jeffrey William Karbowski sold 480 shares of the firm’s stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $978.18, for a total value of $469,526.40. The disclosure for this sale can be found here. Insiders have sold a total of 185,140 shares of company stock valued at $210,271,552 in the last three months. Company insiders own 1.37% of the company’s stock.

Netflix Trading Down 1.7%

Shares of NASDAQ NFLX opened at $1,203.62 on Wednesday. Netflix, Inc. has a one year low of $587.04 and a one year high of $1,262.81. The firm has a market capitalization of $512.23 billion, a PE ratio of 60.70, a PEG ratio of 2.12 and a beta of 1.59. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. The business 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 announced its quarterly earnings results 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. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The business had revenue of $10.54 billion during the quarter, compared to analyst estimates of $10.51 billion. During the same period in the previous year, the company earned $8.28 EPS. As a group, analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on NFLX. Morgan Stanley increased their target price on shares of Netflix from $1,150.00 to $1,200.00 and gave the stock an “overweight” rating in a research report on Monday, April 21st. Jefferies Financial Group upped their price target on Netflix from $1,200.00 to $1,400.00 and gave the stock a “buy” rating in a report on Tuesday, June 3rd. Needham & Company LLC restated a “buy” rating and issued a $1,126.00 price target on shares of Netflix in a report on Thursday, April 17th. UBS Group upped their price target on Netflix from $1,150.00 to $1,450.00 and gave the stock a “buy” rating in a report on Wednesday, June 4th. Finally, Moffett Nathanson restated a “buy” rating and issued a $1,150.00 price target (up previously from $1,100.00) on shares of Netflix in a report on Friday, April 18th. Eleven investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Netflix has an average rating of “Moderate Buy” and an average target price of $1,149.91.

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.