AA Financial Advisors LLC Has $1.07 Million Holdings in Netflix, Inc. (NASDAQ:NFLX)

AA Financial Advisors LLC grew its holdings in Netflix, Inc. (NASDAQ:NFLX) by 3.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,148 shares of the Internet television network’s stock after buying an additional 33 shares during the period. AA Financial Advisors LLC’s holdings in Netflix were worth $1,070,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in NFLX. Brown Shipley& Co Ltd bought a new position in shares of Netflix in the fourth quarter valued at about $27,000. Transce3nd LLC acquired a new position in Netflix in the 4th quarter valued at about $32,000. Copia Wealth Management bought a new position in Netflix in the 4th quarter valued at about $37,000. Stuart Chaussee & Associates Inc. lifted its position in Netflix by 4,500.0% during the fourth quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network’s stock worth $41,000 after acquiring an additional 45 shares during the last quarter. Finally, NewSquare Capital LLC lifted its position in Netflix by 120.0% during the fourth quarter. NewSquare Capital LLC now owns 55 shares of the Internet television network’s stock worth $49,000 after acquiring an additional 30 shares during the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Rosenblatt Securities increased their target price on Netflix from $1,494.00 to $1,514.00 and gave the stock a “buy” rating in a research note on Monday, April 21st. FBN Securities began coverage on Netflix in a research report on Thursday, March 27th. They set an “outperform” rating and a $1,165.00 price objective on the stock. Wolfe Research set a $1,340.00 target price on shares of Netflix and gave the company an “outperform” rating in a research report on Friday, May 16th. Citigroup reaffirmed a “neutral” rating and set a $1,250.00 price target (up from $1,020.00) on shares of Netflix in a research report on Thursday, May 29th. Finally, Evercore ISI reiterated an “outperform” rating on shares of Netflix in a research note on Thursday, May 15th. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,156.73.

Insider Buying and Selling at Netflix

In related news, insider Cletus R. Willems sold 298 shares of the firm’s stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $1,138.00, for a total transaction of $339,124.00. Following the completion of the sale, the insider now owns 31,610 shares of the company’s stock, valued at $35,972,180. This trade represents a 0.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Jay C. Hoag sold 31,750 shares of Netflix stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $1,252.35, for a total value of $39,762,112.50. Following the completion of the sale, the director now owns 63,040 shares of the company’s stock, valued at approximately $78,948,144. The trade was a 33.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 185,140 shares of company stock valued at $210,271,552. 1.37% of the stock is currently owned by company insiders.

Netflix Trading Up 1.1%

Shares of NASDAQ NFLX opened at $1,225.35 on Tuesday. The firm has a 50 day moving average price of $1,127.47 and a two-hundred day moving average price of $1,003.32. The stock has a market cap of $521.47 billion, a P/E ratio of 61.79, a price-to-earnings-growth ratio of 2.12 and a beta of 1.59. Netflix, Inc. has a 52-week low of $587.04 and a 52-week high of $1,262.81. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, beating analysts’ consensus estimates of $5.74 by $0.87. The business 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 prior year, the business posted $8.28 earnings per share. As a group, equities analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.

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.