Netflix, Inc. (NASDAQ:NFLX) Shares Purchased by Chesley Taft & Associates LLC

Chesley Taft & Associates LLC increased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 7.2% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 10,132 shares of the Internet television network’s stock after purchasing an additional 677 shares during the period. Chesley Taft & Associates LLC’s holdings in Netflix were worth $9,448,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in NFLX. Pathway Financial Advisers LLC increased 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 worth $27,000 after acquiring an additional 14 shares during the period. Brown Shipley& Co Ltd purchased a new stake in Netflix during the 4th quarter worth about $27,000. Transce3nd LLC purchased a new stake in Netflix during the 4th quarter worth about $32,000. Pineridge Advisors LLC raised its position in Netflix by 4,000.0% in the 4th quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network’s stock valued at $37,000 after purchasing an additional 40 shares in the last quarter. Finally, Copia Wealth Management purchased a new position in shares of Netflix in the 4th quarter valued at about $37,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on NFLX shares. Moffett Nathanson restated a “buy” rating and set a $1,150.00 target price (up from $1,100.00) on shares of Netflix in a research note on Friday, April 18th. Pivotal Research raised their price objective on shares of Netflix from $1,250.00 to $1,350.00 and gave the company a “buy” rating in a report on Monday, April 21st. KeyCorp boosted their target price on shares of Netflix from $1,000.00 to $1,070.00 and gave the stock an “overweight” rating in a research note on Monday, April 21st. Citigroup restated a “neutral” rating and issued a $1,250.00 price target (up from $1,020.00) on shares of Netflix in a research note on Thursday, May 29th. Finally, Morgan Stanley lifted their price target on Netflix from $1,150.00 to $1,200.00 and gave the stock an “overweight” rating in a report on Monday, April 21st. Eleven investment 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. According to data from MarketBeat.com, Netflix has an average rating of “Moderate Buy” and an average target price of $1,149.91.

Insider Buying and Selling

In related news, CAO Jeffrey William Karbowski sold 160 shares of Netflix stock in a transaction on Monday, April 21st. The shares were sold at an average price of $1,000.00, for a total value of $160,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Reed Hastings sold 25,360 shares of the business’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $921.15, for a total value of $23,360,364.00. Following the completion of the sale, the chairman now directly 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. In the last ninety days, insiders have sold 152,300 shares of company stock valued at $169,146,939. 1.37% of the stock is currently owned by company insiders.

Netflix Trading Up 1.8%

Netflix stock opened at $1,239.66 on Thursday. The stock has a 50-day moving average price of $1,075.18 and a 200 day moving average price of $982.47. Netflix, Inc. has a 52 week low of $587.04 and a 52 week high of $1,244.10. The stock has a market cap of $527.56 billion, a PE ratio of 62.51, a P/E/G ratio of 2.12 and a beta of 1.58. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, topping analysts’ consensus estimates of $5.74 by $0.87. The company had revenue of $10.54 billion for the quarter, compared to the consensus estimate of $10.51 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. During the same quarter last year, the firm posted $8.28 earnings per share. Equities research analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

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.