Optivise Advisory Services LLC Increases Position in Netflix, Inc. (NASDAQ:NFLX)

Optivise Advisory Services LLC lifted its position in Netflix, Inc. (NASDAQ:NFLX) by 9.3% in the first quarter, HoldingsChannel.com reports. The firm owned 422 shares of the Internet television network’s stock after purchasing an additional 36 shares during the quarter. Optivise Advisory Services LLC’s holdings in Netflix were worth $394,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Halbert Hargrove Global Advisors LLC boosted its position in shares of Netflix by 100.0% during the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network’s stock worth $25,000 after acquiring an additional 13 shares during the last quarter. Brown Shipley& Co Ltd bought a new position in Netflix during the fourth quarter valued at $27,000. Transce3nd LLC bought a new position in Netflix during the fourth quarter valued at $32,000. Copia Wealth Management bought a new position in Netflix during the fourth quarter valued at $37,000. Finally, Stuart Chaussee & Associates Inc. lifted its position in Netflix by 4,500.0% during the fourth quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network’s stock valued at $41,000 after purchasing an additional 45 shares during the last quarter. Institutional investors own 80.93% of the company’s stock.

Insider Buying and Selling

In other Netflix news, Director Jay C. Hoag sold 31,750 shares of the firm’s stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $1,252.35, for a total transaction of $39,762,112.50. Following the transaction, the director now owns 63,040 shares of the company’s stock, valued at approximately $78,948,144. This trade represents a 33.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Reed Hastings sold 25,360 shares of the firm’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $921.15, for a total transaction of $23,360,364.00. Following the transaction, 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. Insiders have sold 185,140 shares of company stock valued at $210,271,552 in the last 90 days. Company insiders own 1.37% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Citigroup reiterated a “neutral” rating and set a $1,250.00 price objective (up previously from $1,020.00) on shares of Netflix in a research report on Thursday, May 29th. Rosenblatt Securities increased their price objective on shares of Netflix from $1,494.00 to $1,514.00 and gave the company a “buy” rating in a research report on Monday, April 21st. Jefferies Financial Group increased their price objective on shares of Netflix from $1,200.00 to $1,400.00 and gave the company a “buy” rating in a research report on Tuesday, June 3rd. Macquarie increased their price objective on shares of Netflix from $1,150.00 to $1,200.00 and gave the company an “outperform” rating in a research report on Monday, April 21st. Finally, Benchmark reiterated a “hold” rating on shares of Netflix in a research report on Monday, April 21st. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Netflix has an average rating of “Moderate Buy” and a consensus target price of $1,156.73.

Netflix Trading Down 0.4%

NFLX stock opened at $1,220.67 on Wednesday. The company has a market capitalization of $519.48 billion, a PE ratio of 57.69, a P/E/G ratio of 2.37 and a beta of 1.59. Netflix, Inc. has a 12 month low of $587.04 and a 12 month high of $1,262.81. The firm’s 50-day moving average is $1,132.97 and its 200 day moving average is $1,004.83. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.20 and a quick ratio of 1.20.

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. 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 23.07% and a return on equity of 39.61%. During the same quarter last year, the firm posted $8.28 EPS. On average, research analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current year.

About Netflix

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.