Netflix, Inc. (NASDAQ:NFLX) Shares Purchased by David J Yvars Group

David J Yvars Group boosted its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 404.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,584 shares of the Internet television network’s stock after purchasing an additional 2,072 shares during the quarter. Netflix makes up 1.9% of David J Yvars Group’s portfolio, making the stock its 14th biggest holding. David J Yvars Group’s holdings in Netflix were worth $2,410,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of NFLX. Blodgett Wealth Advisors LLC grew its position in shares of Netflix by 10.2% in the first quarter. Blodgett Wealth Advisors LLC now owns 700 shares of the Internet television network’s stock valued at $653,000 after purchasing an additional 65 shares during the last quarter. Dynamic Advisor Solutions LLC lifted its stake in Netflix by 13.6% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 8,593 shares of the Internet television network’s stock valued at $8,013,000 after buying an additional 1,030 shares in the last quarter. Tcfg Wealth Management LLC grew its holdings in Netflix by 3.0% during the 1st quarter. Tcfg Wealth Management LLC now owns 442 shares of the Internet television network’s stock valued at $412,000 after buying an additional 13 shares during the last quarter. Dover Advisors LLC increased its position in Netflix by 4.2% during the first quarter. Dover Advisors LLC now owns 1,250 shares of the Internet television network’s stock worth $1,166,000 after buying an additional 50 shares in the last quarter. Finally, Everpar Advisors LLC raised its holdings in shares of Netflix by 3.0% in the first quarter. Everpar Advisors LLC now owns 1,803 shares of the Internet television network’s stock worth $1,681,000 after acquiring an additional 53 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Loop Capital reaffirmed a “hold” rating on shares of Netflix in a research note on Monday, March 24th. Cfra Research upgraded shares of Netflix to a “strong-buy” rating in a report on Monday, April 28th. Barclays boosted their price objective on shares of Netflix from $900.00 to $1,000.00 and gave the company an “equal weight” rating in a research report on Monday, April 21st. Citigroup restated a “neutral” rating and set a $1,250.00 target price (up previously from $1,020.00) on shares of Netflix in a research report on Thursday, May 29th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $1,200.00 price target (up from $1,175.00) on shares of Netflix in a report on Friday, April 18th. Eleven investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,156.73.

Insider Buying and Selling

In related news, Director Ann Mather sold 1,090 shares of the firm’s stock in a transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Reed Hastings sold 25,360 shares of Netflix stock in a transaction 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 directly owns 394 shares in the company, valued at $362,933.10. This trade represents a 98.47% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 185,140 shares of company stock valued at $210,271,552. Corporate insiders own 1.37% of the company’s stock.

Netflix Stock Performance

Shares of NFLX stock opened at $1,212.15 on Friday. 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 company has a market cap of $515.86 billion, a PE ratio of 61.13, a P/E/G ratio of 2.12 and a beta of 1.59. The company’s fifty day simple moving average is $1,120.37 and its 200-day simple moving average is $1,000.10. Netflix, Inc. has a 52 week low of $587.04 and a 52 week high of $1,262.81.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, beating 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 company had revenue of $10.54 billion for the quarter, compared to analyst estimates of $10.51 billion. During the same period last year, the company posted $8.28 earnings per share. As a group, equities research analysts anticipate 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.