Bennett Selby Investments LP Grows Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Bennett Selby Investments LP raised its position in Netflix, Inc. (NASDAQ:NFLX) by 3.2% during the first quarter, Holdings Channel reports. The firm owned 5,860 shares of the Internet television network’s stock after buying an additional 181 shares during the quarter. Netflix comprises 2.2% of Bennett Selby Investments LP’s portfolio, making the stock its 13th largest holding. Bennett Selby Investments LP’s holdings in Netflix were worth $5,465,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NFLX. Pathway Financial Advisers LLC boosted its stake in Netflix by 82.4% in the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network’s stock valued at $27,000 after acquiring an additional 14 shares in the last quarter. Brown Shipley& Co Ltd purchased a new position in Netflix in the fourth quarter valued at about $27,000. Transce3nd LLC purchased a new position in Netflix in the fourth quarter valued at about $32,000. Pineridge Advisors LLC increased its holdings in Netflix by 4,000.0% in the fourth quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network’s stock valued at $37,000 after buying an additional 40 shares in the last quarter. Finally, Copia Wealth Management purchased a new position in Netflix in the fourth quarter valued at about $37,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on NFLX shares. Benchmark reaffirmed a “hold” rating on shares of Netflix in a research report on Monday, April 21st. Oppenheimer restated an “outperform” rating and set a $1,200.00 price objective (up previously from $1,150.00) on shares of Netflix in a research note on Friday, April 18th. Needham & Company LLC reiterated a “buy” rating and issued a $1,126.00 price target on shares of Netflix in a research note on Thursday, April 17th. Rosenblatt Securities boosted their price target on Netflix from $1,494.00 to $1,514.00 and gave the stock a “buy” rating in a research note on Monday, April 21st. Finally, KeyCorp upped their price objective on Netflix from $1,000.00 to $1,070.00 and gave the company an “overweight” rating in a research note on Monday, April 21st. Eleven investment 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 stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $1,149.91.

Insider Buying and Selling

In related news, Director Ann Mather sold 1,090 shares of the firm’s stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $1,250.00, for a total value of $1,362,500.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Cletus R. Willems sold 298 shares of the firm’s stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $1,138.00, for a total transaction of $339,124.00. Following the completion of the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at approximately $35,972,180. This represents a 0.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 153,390 shares of company stock valued at $170,509,439. Company insiders own 1.37% of the company’s stock.

Netflix Stock Down 0.7%

Netflix stock opened at $1,241.47 on Friday. 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 cap of $528.33 billion, a PE ratio of 62.61, a price-to-earnings-growth ratio of 2.12 and a beta of 1.59. The firm’s 50-day simple moving average is $1,087.80 and its 200 day simple moving average is $988.53. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22.

Netflix (NASDAQ:NFLX) last released its earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, beating analysts’ consensus estimates of $5.74 by $0.87. The firm had revenue of $10.54 billion for the quarter, compared to analysts’ expectations of $10.51 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. During the same period in the previous year, the company earned $8.28 earnings per share. Research analysts predict that Netflix, Inc. will post 24.58 EPS 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.