Colorado Capital Management Inc. Buys 18 Shares of Netflix, Inc. (NASDAQ:NFLX)

Colorado Capital Management Inc. boosted its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 6.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 288 shares of the Internet television network’s stock after acquiring an additional 18 shares during the period. Colorado Capital Management Inc.’s holdings in Netflix were worth $269,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Netflix by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 37,488,005 shares of the Internet television network’s stock worth $33,413,809,000 after purchasing an additional 171,712 shares in the last quarter. FMR LLC lifted its position in Netflix by 1.8% in the fourth quarter. FMR LLC now owns 20,887,090 shares of the Internet television network’s stock worth $18,617,081,000 after purchasing an additional 375,234 shares during the period. Geode Capital Management LLC boosted its stake in Netflix by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 9,323,952 shares of the Internet television network’s stock worth $8,287,823,000 after buying an additional 175,596 shares in the last quarter. GAMMA Investing LLC boosted its stake in Netflix by 109,524.3% during the first quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network’s stock worth $8,239,576,000 after buying an additional 8,827,662 shares in the last quarter. Finally, Norges Bank bought a new stake in Netflix in the 4th quarter valued at $5,019,087,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Stock Down 0.4%

Shares of Netflix stock opened at $1,220.67 on Wednesday. The company has a market capitalization of $519.48 billion, a P/E ratio of 57.69, a price-to-earnings-growth ratio of 2.37 and a beta of 1.59. 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 has a 50-day moving average of $1,132.97 and a two-hundred day moving average of $1,004.83. Netflix, Inc. has a 1 year low of $587.04 and a 1 year high of $1,262.81.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.74 by $0.87. Netflix had a return on equity of 39.61% and a net margin of 23.07%. The business had revenue of $10.54 billion during the quarter, compared to analyst estimates of $10.51 billion. During the same period in the previous year, the firm earned $8.28 EPS. As a group, equities analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Buying and Selling

In other Netflix news, Director Jay C. Hoag sold 31,750 shares of the business’s stock in a transaction that occurred on 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 sale, the director now owns 63,040 shares in the company, valued at approximately $78,948,144. The trade was a 33.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Jeffrey William Karbowski sold 160 shares of the company’s stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $1,000.00, for a total value of $160,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 185,140 shares of company stock worth $210,271,552 over the last ninety days. Company insiders own 1.37% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Macquarie upped their target price on shares of Netflix from $1,150.00 to $1,200.00 and gave the stock an “outperform” rating in a report on Monday, April 21st. UBS Group increased their price target on Netflix from $1,150.00 to $1,450.00 and gave the stock a “buy” rating in a research report on Wednesday, June 4th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $1,220.00 price objective (up previously from $1,150.00) on shares of Netflix in a research report on Monday, May 19th. Morgan Stanley upped their target price on shares of Netflix from $1,150.00 to $1,200.00 and gave the stock an “overweight” rating in a research report on Monday, April 21st. Finally, FBN Securities started coverage on shares of Netflix in a research report on Thursday, March 27th. They issued an “outperform” rating and a $1,165.00 price objective for the company. Eleven research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,156.73.

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.