Optivise Advisory Services LLC Purchases 36 Shares of Netflix, Inc. (NASDAQ:NFLX)

Optivise Advisory Services LLC raised its position in Netflix, Inc. (NASDAQ:NFLX) by 9.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 422 shares of the Internet television network’s stock after purchasing an additional 36 shares during the period. Optivise Advisory Services LLC’s holdings in Netflix were worth $394,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of NFLX. GAMMA Investing LLC lifted its holdings in shares of Netflix by 109,524.3% during the 1st quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network’s stock worth $8,239,576,000 after acquiring an additional 8,827,662 shares during the last quarter. Norges Bank bought a new stake in shares of Netflix during the 4th quarter worth $5,019,087,000. Proficio Capital Partners LLC lifted its holdings in shares of Netflix by 123,836.7% during the 4th quarter. Proficio Capital Partners LLC now owns 1,925,977 shares of the Internet television network’s stock worth $1,716,662,000 after acquiring an additional 1,924,423 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Netflix by 59.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,301,098 shares of the Internet television network’s stock worth $2,051,016,000 after acquiring an additional 856,307 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in shares of Netflix by 318.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 976,924 shares of the Internet television network’s stock worth $870,752,000 after acquiring an additional 743,724 shares during the last quarter. 80.93% of the stock is owned by institutional investors.

Netflix Trading Down 0.4%

Shares of NASDAQ NFLX opened at $1,220.67 on Wednesday. The firm’s 50 day moving average price is $1,132.97 and its 200-day moving average price is $1,004.83. The company has a market cap of $519.48 billion, a PE ratio of 57.69, a P/E/G ratio of 2.37 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 0.58, a quick ratio of 1.20 and a current ratio of 1.20.

Netflix (NASDAQ:NFLX) last issued its earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.74 by $0.87. Netflix had a net margin of 23.07% and a return on equity of 39.61%. The firm had revenue of $10.54 billion for the quarter, compared to the consensus estimate of $10.51 billion. During the same quarter in the prior year, the firm posted $8.28 earnings per share. On average, equities research analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently commented on NFLX shares. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $1,220.00 target price (up previously from $1,150.00) on shares of Netflix in a research report on Monday, May 19th. Rosenblatt Securities lifted their target price on shares of Netflix from $1,494.00 to $1,514.00 and gave the stock a “buy” rating in a research report on Monday, April 21st. Bank of America lifted their target price on shares of Netflix from $1,175.00 to $1,490.00 and gave the stock a “buy” rating in a research report on Friday, May 30th. Jefferies Financial Group lifted their target price on shares of Netflix from $1,200.00 to $1,400.00 and gave the stock a “buy” rating in a research report on Tuesday, June 3rd. Finally, Needham & Company LLC restated a “buy” rating and issued a $1,126.00 price objective on shares of Netflix in a research report on Thursday, April 17th. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $1,156.73.

Insiders Place Their Bets

In other Netflix news, Director Jay C. Hoag sold 31,750 shares of the company’s stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $1,252.35, for a total transaction of $39,762,112.50. Following the completion of the sale, the director now directly owns 63,040 shares of the company’s stock, valued at approximately $78,948,144. This represents a 33.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ann Mather sold 1,090 shares of the company’s stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $1,250.00, for a total transaction of $1,362,500.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 185,140 shares of company stock valued at $210,271,552. Company insiders own 1.37% of the company’s stock.

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.