Zhang Financial LLC Purchases 185 Shares of Netflix, Inc. (NASDAQ:NFLX)

Zhang Financial LLC boosted its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 23.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 974 shares of the Internet television network’s stock after acquiring an additional 185 shares during the period. Zhang Financial LLC’s holdings in Netflix were worth $908,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brown Shipley& Co Ltd bought a new stake in Netflix during the 4th quarter worth approximately $27,000. Pathway Financial Advisers LLC raised its position in shares of Netflix by 82.4% during the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network’s stock valued at $27,000 after buying an additional 14 shares during the last quarter. Transce3nd LLC bought a new stake in shares of Netflix during the fourth quarter valued at approximately $32,000. Copia Wealth Management bought a new stake in shares of Netflix during the fourth quarter valued at approximately $37,000. Finally, Stuart Chaussee & Associates Inc. raised its position in shares of Netflix by 4,500.0% during the fourth quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network’s stock valued at $41,000 after buying an additional 45 shares during the last quarter. Institutional investors own 80.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Evercore ISI reiterated an “outperform” rating on shares of Netflix in a research report on Thursday, May 15th. Morgan Stanley lifted their price objective on shares of Netflix from $1,150.00 to $1,200.00 and gave the company an “overweight” rating in a research report on Monday, April 21st. Needham & Company LLC reiterated a “buy” rating and set a $1,126.00 price objective on shares of Netflix in a research report on Thursday, April 17th. Wolfe Research set a $1,340.00 price objective on shares of Netflix and gave the company an “outperform” rating in a research report on Friday, May 16th. Finally, FBN Securities assumed coverage on shares of Netflix in a research report on Thursday, March 27th. They set an “outperform” rating and a $1,165.00 price objective on the stock. Eleven 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 company. According to MarketBeat.com, Netflix currently has a consensus rating of “Moderate Buy” and an average price target of $1,156.73.

Insider Activity at Netflix

In other Netflix news, Director Jay C. Hoag sold 32,515 shares of the business’s stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $1,101.97, for a total value of $35,830,554.55. Following the completion of the transaction, the director now directly owns 79,040 shares in the company, valued at approximately $87,099,708.80. The trade was a 29.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Jeffrey William Karbowski sold 160 shares of the business’s stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $1,000.00, for a total transaction of $160,000.00. The disclosure for this sale can be found here. Insiders sold 185,140 shares of company stock worth $210,271,552 over the last three months. 1.37% of the stock is owned by corporate insiders.

Netflix Stock Performance

NFLX stock opened at $1,215.03 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. The business has a 50-day moving average price of $1,113.54 and a 200 day moving average price of $996.91. The company has a market capitalization of $517.08 billion, a P/E ratio of 61.27, a PEG ratio of 2.12 and a beta of 1.59. Netflix, Inc. has a 1-year low of $587.04 and a 1-year high of $1,262.81.

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

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.