353 Shares in Netflix, Inc. (NASDAQ:NFLX) Bought by Compass Ion Advisors LLC

Compass Ion Advisors LLC acquired a new position in shares of Netflix, Inc. (NASDAQ:NFLX) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 353 shares of the Internet television network’s stock, valued at approximately $214,000.

Several other large investors have also recently added to or reduced their stakes in NFLX. Spartan Planning & Wealth Management bought a new stake in Netflix in the third quarter valued at $26,000. VitalStone Financial LLC lifted its stake in Netflix by 933.3% in the fourth quarter. VitalStone Financial LLC now owns 62 shares of the Internet television network’s stock valued at $30,000 after buying an additional 56 shares during the last quarter. Beaird Harris Wealth Management LLC lifted its stake in Netflix by 1,550.0% in the fourth quarter. Beaird Harris Wealth Management LLC now owns 66 shares of the Internet television network’s stock valued at $32,000 after buying an additional 62 shares during the last quarter. Scarborough Advisors LLC bought a new stake in Netflix in the fourth quarter valued at $32,000. Finally, Indiana Trust & Investment Management CO lifted its stake in Netflix by 112.0% in the first quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock valued at $32,000 after buying an additional 28 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors.

Netflix Trading Down 0.2 %

Shares of NASDAQ NFLX opened at $673.61 on Tuesday. The business has a 50-day moving average price of $628.93 and a two-hundred day moving average price of $585.07. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.62. Netflix, Inc. has a one year low of $344.73 and a one year high of $689.88. The firm has a market capitalization of $290.33 billion, a PE ratio of 46.75, a PEG ratio of 1.46 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Thursday, April 18th. The Internet television network reported $5.28 earnings per share for the quarter, beating analysts’ consensus estimates of $4.51 by $0.77. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The business had revenue of $9.37 billion for the quarter, compared to the consensus estimate of $9.28 billion. During the same period last year, the business earned $2.88 EPS. The firm’s revenue was up 14.8% compared to the same quarter last year. As a group, analysts predict that Netflix, Inc. will post 18.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

NFLX has been the topic of a number of recent research reports. Canaccord Genuity Group reiterated a “hold” rating and issued a $585.00 target price (down from $720.00) on shares of Netflix in a research note on Friday, April 19th. Canaccord Genuity Group lowered Netflix from a “buy” rating to a “hold” rating and lowered their price target for the company from $720.00 to $585.00 in a report on Friday, April 19th. CICC Research assumed coverage on Netflix in a report on Thursday, May 2nd. They set an “outperform” rating and a $650.00 price target on the stock. KeyCorp raised their price target on Netflix from $705.00 to $707.00 and gave the company an “overweight” rating in a report on Thursday, June 13th. Finally, Guggenheim raised their price target on Netflix from $600.00 to $700.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-three have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $633.53.

Insider Activity at Netflix

In related news, CEO Gregory K. Peters sold 1,278 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $593.81, for a total value of $758,889.18. Following the transaction, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at approximately $7,772,972.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Netflix news, CEO Gregory K. Peters sold 1,278 shares of Netflix stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $593.81, for a total value of $758,889.18. Following the transaction, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at approximately $7,772,972.90. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Chairman Reed Hastings sold 19,943 shares of Netflix stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $633.58, for a total value of $12,635,485.94. Following the completion of the transaction, the chairman now directly owns 57 shares in the company, valued at $36,114.06. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 48,859 shares of company stock valued at $29,365,893. Corporate insiders own 1.76% of the company’s stock.

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.