Netflix, Inc. (NASDAQ:NFLX) Shares Bought by YHB Investment Advisors Inc.

YHB Investment Advisors Inc. grew its position in Netflix, Inc. (NASDAQ:NFLX) by 0.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,083 shares of the Internet television network’s stock after acquiring an additional 45 shares during the quarter. YHB Investment Advisors Inc.’s holdings in Netflix were worth $4,740,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Halbert Hargrove Global Advisors LLC lifted its position in shares of Netflix by 100.0% in the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network’s stock worth $25,000 after buying an additional 13 shares during the last quarter. Brown Shipley& Co Ltd acquired a new stake in Netflix during the fourth quarter worth about $27,000. Transce3nd LLC acquired a new stake in Netflix during the fourth quarter worth about $32,000. Copia Wealth Management bought a new position in Netflix in the fourth quarter worth about $37,000. Finally, Stuart Chaussee & Associates Inc. boosted its stake in Netflix by 4,500.0% in the fourth quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network’s stock valued at $41,000 after acquiring an additional 45 shares during the period. 80.93% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Rosenblatt Securities increased their price target on Netflix from $1,494.00 to $1,514.00 and gave the stock a “buy” rating in a research report on Monday, April 21st. Benchmark reaffirmed a “hold” rating on shares of Netflix in a research report on Monday, April 21st. BMO Capital Markets reiterated an “outperform” rating and issued a $1,200.00 target price (up from $1,175.00) on shares of Netflix in a research note on Friday, April 18th. Pivotal Research upped their price target on shares of Netflix from $1,350.00 to $1,600.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Wolfe Research set a $1,340.00 price objective on shares of Netflix and gave the stock an “outperform” 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.com, the company presently has an average rating of “Moderate Buy” and an average target price of $1,172.73.

Insider Activity

In other news, Director Jay C. Hoag sold 32,515 shares of the stock in a transaction that occurred on 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 sale, the director now directly owns 79,040 shares of the company’s stock, valued at $87,099,708.80. This represents a 29.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Reed Hastings sold 25,360 shares of the firm’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $921.15, for a total transaction of $23,360,364.00. Following the sale, the chairman now owns 394 shares of the company’s stock, valued at approximately $362,933.10. This represents a 98.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 184,660 shares of company stock worth $209,802,025. 1.37% of the stock is owned by corporate insiders.

Netflix Price Performance

NASDAQ NFLX opened at $1,253.54 on Tuesday. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.58. Netflix, Inc. has a 1 year low of $587.04 and a 1 year high of $1,262.81. The company has a market cap of $533.47 billion, a PE ratio of 59.24, a PEG ratio of 2.38 and a beta of 1.59. The stock’s 50-day moving average price is $1,157.24 and its two-hundred day moving average price is $1,014.42.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.74 by $0.87. Netflix had a net margin of 23.07% and a return on equity of 39.61%. The business had revenue of $10.54 billion for the quarter, compared to analyst estimates of $10.51 billion. During the same quarter in the previous year, the business earned $8.28 earnings per share. On average, analysts predict that Netflix, Inc. will post 24.58 EPS for the current 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.