YHB Investment Advisors Inc. Purchases 45 Shares of Netflix, Inc. (NASDAQ:NFLX)

YHB Investment Advisors Inc. boosted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 0.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor 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 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Embree Financial Group lifted its stake in shares of Netflix by 45.0% in the 1st quarter. Embree Financial Group now owns 732 shares of the Internet television network’s stock valued at $683,000 after purchasing an additional 227 shares during the last quarter. Spirepoint Private Client LLC raised its holdings in Netflix by 2.8% during the first quarter. Spirepoint Private Client LLC now owns 411 shares of the Internet television network’s stock valued at $383,000 after buying an additional 11 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. lifted its position in shares of Netflix by 74.1% in the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 322 shares of the Internet television network’s stock worth $300,000 after buying an additional 137 shares during the last quarter. AssuredPartners Investment Advisors LLC boosted its stake in shares of Netflix by 3.7% during the 1st quarter. AssuredPartners Investment Advisors LLC now owns 360 shares of the Internet television network’s stock worth $336,000 after acquiring an additional 13 shares in the last quarter. Finally, Asset Management One Co. Ltd. increased its holdings in shares of Netflix by 5.7% during the 1st quarter. Asset Management One Co. Ltd. now owns 217,906 shares of the Internet television network’s stock valued at $203,204,000 after acquiring an additional 11,741 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Netflix

In related news, Director Jay C. Hoag sold 31,750 shares of Netflix stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $1,252.35, for a total value of $39,762,112.50. Following the completion of the transaction, the director now directly owns 63,040 shares of the company’s stock, valued at $78,948,144. The trade was a 33.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Ann Mather sold 1,090 shares of the stock in a transaction dated Thursday, June 5th. The stock was 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. Insiders have sold a total of 184,660 shares of company stock worth $209,802,025 over the last ninety days. Corporate insiders own 1.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Barclays raised their price objective on Netflix from $900.00 to $1,000.00 and gave the company an “equal weight” rating in a research note on Monday, April 21st. Loop Capital reissued a “hold” rating on shares of Netflix in a research report on Monday, March 24th. 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. Needham & Company LLC reiterated a “buy” rating and issued a $1,126.00 target price on shares of Netflix in a research note on Thursday, April 17th. Finally, Wells Fargo & Company boosted their target price on shares of Netflix from $1,222.00 to $1,500.00 and gave the stock an “overweight” rating in a research report on Friday. Eleven equities 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. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,172.73.

Netflix Stock Performance

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

Netflix (NASDAQ:NFLX) last issued its earnings results 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 net margin of 23.07% and a return on equity of 39.61%. The company had revenue of $10.54 billion for the quarter, compared to the consensus estimate of $10.51 billion. During the same quarter in the previous year, the company earned $8.28 EPS. As a group, analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal 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.