Capital Advisors Ltd. LLC Buys 18 Shares of Netflix, Inc. (NASDAQ:NFLX)

Capital Advisors Ltd. LLC lifted its holdings in Netflix, Inc. (NASDAQ:NFLX) by 4.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 411 shares of the Internet television network’s stock after purchasing an additional 18 shares during the quarter. Capital Advisors Ltd. LLC’s holdings in Netflix were worth $250,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Cullinan Associates Inc. purchased a new position in shares of Netflix in the 1st quarter valued at about $425,000. FARMERS & MERCHANTS TRUST Co OF LONG BEACH lifted its holdings in Netflix by 6.0% in the first quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 658 shares of the Internet television network’s stock valued at $400,000 after acquiring an additional 37 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Netflix by 22.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 158,567 shares of the Internet television network’s stock valued at $96,303,000 after acquiring an additional 28,922 shares during the last quarter. Congress Wealth Management LLC DE raised its position in Netflix by 49.0% in the first quarter. Congress Wealth Management LLC DE now owns 6,477 shares of the Internet television network’s stock valued at $3,934,000 after purchasing an additional 2,130 shares during the period. Finally, Oak Thistle LLC purchased a new stake in Netflix in the first quarter valued at approximately $669,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Bank of America upped their price objective on Netflix from $650.00 to $700.00 and gave the stock a “buy” rating in a research report on Friday, April 19th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Netflix from $525.00 to $550.00 and gave the company a “hold” rating in a research note on Monday, April 15th. KeyCorp upped their price objective on shares of Netflix from $705.00 to $707.00 and gave the company an “overweight” rating in a research note on Thursday, June 13th. Sanford C. Bernstein upped their price objective on shares of Netflix from $490.00 to $600.00 and gave the company a “market perform” rating in a research note on Friday, April 19th. Finally, Citigroup increased their target price on shares of Netflix from $555.00 to $660.00 and gave the stock a “neutral” rating in a research note on Monday, March 25th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-four have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $637.34.

Netflix Price Performance

Netflix stock opened at $679.58 on Wednesday. The firm has a fifty day moving average of $631.31 and a 200-day moving average of $586.51. The firm has a market capitalization of $292.90 billion, a P/E ratio of 47.16, a PEG ratio of 1.46 and a beta of 1.27. Netflix, Inc. has a 52-week low of $344.73 and a 52-week high of $689.88. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.62.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results 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 net margin of 18.42% and a return on equity of 29.62%. The business had revenue of $9.37 billion during the quarter, compared to analyst estimates of $9.28 billion. During the same period last year, the business earned $2.88 EPS. The business’s revenue was up 14.8% on a year-over-year basis. As a group, analysts predict that Netflix, Inc. will post 18.31 EPS for the current year.

Insider Transactions at Netflix

In other news, Chairman Reed Hastings sold 22,526 shares of the firm’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $670.49, for a total value of $15,103,457.74. Following the transaction, the chairman now directly owns 57 shares in the company, valued at approximately $38,217.93. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Netflix news, CFO Spencer Adam Neumann sold 564 shares of the firm’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $613.08, for a total transaction of $345,777.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Reed Hastings sold 22,526 shares of the firm’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $670.49, for a total transaction of $15,103,457.74. Following the transaction, the chairman now directly owns 57 shares in the company, valued at approximately $38,217.93. The disclosure for this sale can be found here. In the last three months, insiders have sold 71,385 shares of company stock worth $44,469,351. 1.76% of the stock is currently owned by insiders.

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.