356 Shares in Netflix, Inc. (NASDAQ:NFLX) Purchased by Chapin Davis Inc.

Chapin Davis Inc. bought a new stake in Netflix, Inc. (NASDAQ:NFLX) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 356 shares of the Internet television network’s stock, valued at approximately $216,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of NFLX. Capital World Investors increased its position in Netflix by 0.7% in the fourth quarter. Capital World Investors now owns 11,744,636 shares of the Internet television network’s stock worth $5,718,265,000 after buying an additional 78,320 shares during the last quarter. Jennison Associates LLC increased its position in Netflix by 40.6% in the fourth quarter. Jennison Associates LLC now owns 5,452,271 shares of the Internet television network’s stock worth $2,654,602,000 after buying an additional 1,573,978 shares during the last quarter. Norges Bank purchased a new stake in Netflix in the fourth quarter worth $2,558,598,000. Fisher Asset Management LLC increased its position in Netflix by 1.9% in the fourth quarter. Fisher Asset Management LLC now owns 4,121,104 shares of the Internet television network’s stock worth $2,006,483,000 after buying an additional 78,298 shares during the last quarter. Finally, Wellington Management Group LLP increased its position in Netflix by 540.9% in the fourth quarter. Wellington Management Group LLP now owns 3,878,785 shares of the Internet television network’s stock worth $1,888,503,000 after buying an additional 3,273,592 shares during the last quarter. 80.93% of the stock is owned by institutional investors.

Insider Buying and Selling at Netflix

In other news, Chairman Reed Hastings sold 19,943 shares of the firm’s 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 owns 57 shares in the company, valued at approximately $36,114.06. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Chairman Reed Hastings sold 19,943 shares of Netflix stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $633.58, for a total transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gregory K. Peters sold 1,278 shares of the company’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 completion of the sale, the chief executive officer now owns 13,090 shares in the company, valued at approximately $7,772,972.90. The disclosure for this sale can be found here. In the last three months, insiders have sold 48,859 shares of company stock valued at $29,365,893. 1.76% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have issued reports on NFLX shares. Evercore ISI raised their target price on Netflix from $650.00 to $700.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 28th. Needham & Company LLC reiterated a “buy” rating and issued a $700.00 price target on shares of Netflix in a research report on Monday, June 17th. BMO Capital Markets reiterated an “outperform” rating and issued a $713.00 price target (up from $638.00) on shares of Netflix in a research report on Wednesday, April 17th. Loop Capital lifted their price target on Netflix from $700.00 to $750.00 and gave the company a “buy” rating in a research report on Tuesday, June 18th. Finally, Canaccord Genuity Group lowered Netflix from a “buy” rating to a “hold” rating and dropped their price objective for the company from $720.00 to $585.00 in a research note on Friday, April 19th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-three have issued a buy rating to the stock. Based on data from MarketBeat.com, Netflix has a consensus rating of “Moderate Buy” and a consensus price target of $633.53.

Netflix Stock Down 0.2 %

Shares of NASDAQ:NFLX opened at $673.61 on Tuesday. Netflix, Inc. has a 1 year low of $344.73 and a 1 year high of $689.88. The company has a market cap of $290.33 billion, a PE ratio of 46.75, a P/E/G ratio of 1.46 and a beta of 1.27. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.07 and a quick ratio of 1.07. The stock’s 50-day moving average is $628.93 and its 200 day moving average is $585.07.

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