Chesley Taft & Associates LLC Grows Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Chesley Taft & Associates LLC grew its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 7.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,132 shares of the Internet television network’s stock after buying an additional 677 shares during the quarter. Chesley Taft & Associates LLC’s holdings in Netflix were worth $9,448,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in NFLX. Vanguard Group Inc. grew its holdings in Netflix by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 37,488,005 shares of the Internet television network’s stock valued at $33,413,809,000 after purchasing an additional 171,712 shares during the last quarter. FMR LLC grew its stake in shares of Netflix by 1.8% during the fourth quarter. FMR LLC now owns 20,887,090 shares of the Internet television network’s stock valued at $18,617,081,000 after buying an additional 375,234 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Netflix by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 9,323,952 shares of the Internet television network’s stock valued at $8,287,823,000 after buying an additional 175,596 shares during the last quarter. GAMMA Investing LLC lifted its stake 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. Finally, Norges Bank bought a new stake in shares of Netflix during the 4th quarter worth approximately $5,019,087,000. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO Spencer Adam Neumann sold 2,601 shares of the company’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $921.72, for a total value of $2,397,393.72. Following the transaction, the chief financial officer now directly owns 3,691 shares in the company, valued at approximately $3,402,068.52. This represents a 41.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Jeffrey William Karbowski sold 160 shares of the stock in a transaction that occurred on 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 a total of 152,300 shares of company stock valued at $169,146,939 in the last 90 days. Company insiders own 1.37% of the company’s stock.

Netflix Trading Up 1.8%

Shares of Netflix stock opened at $1,239.66 on Thursday. Netflix, Inc. has a twelve month low of $587.04 and a twelve month high of $1,244.10. The firm’s 50-day moving average price is $1,075.18 and its 200 day moving average price is $982.47. 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 firm has a market capitalization of $527.56 billion, a PE ratio of 62.51, a P/E/G ratio of 2.12 and a beta of 1.58.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $10.51 billion. During the same quarter in the previous year, the firm earned $8.28 EPS. On average, sell-side analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Analysts Set New Price Targets

NFLX has been the topic of a number of recent analyst reports. Wedbush reiterated an “outperform” rating and issued a $1,200.00 target price on shares of Netflix in a research note on Monday, May 5th. Moffett Nathanson restated a “buy” rating and issued a $1,150.00 price target (up from $1,100.00) on shares of Netflix in a report on Friday, April 18th. Oppenheimer reiterated an “outperform” rating and set a $1,200.00 price objective (up previously from $1,150.00) on shares of Netflix in a report on Friday, April 18th. UBS Group upped their target price on shares of Netflix from $1,150.00 to $1,450.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Pivotal Research lifted their price target on shares of Netflix from $1,250.00 to $1,350.00 and gave the company a “buy” rating in a research note on Monday, April 21st. Eleven research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus 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.