Talbot Financial LLC Boosts Holdings in Netflix, Inc. (NASDAQ:NFLX)

Talbot Financial LLC raised its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 3.0% in the 1st quarter, HoldingsChannel.com reports. The fund owned 15,450 shares of the Internet television network’s stock after purchasing an additional 454 shares during the period. Talbot Financial LLC’s holdings in Netflix were worth $9,383,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Morris Financial Concepts Inc. acquired a new stake in shares of Netflix during the 1st quarter worth about $214,000. Little House Capital LLC boosted its stake in shares of Netflix by 14.6% during the 1st quarter. Little House Capital LLC now owns 2,301 shares of the Internet television network’s stock worth $1,397,000 after purchasing an additional 293 shares during the last quarter. Kowal Investment Group LLC acquired a new stake in shares of Netflix during the 1st quarter worth about $507,000. Horizon Wealth Management LLC boosted its position in shares of Netflix by 28.9% in the first quarter. Horizon Wealth Management LLC now owns 553 shares of the Internet television network’s stock worth $336,000 after acquiring an additional 124 shares during the last quarter. Finally, Diversified Trust Co boosted its position in shares of Netflix by 12.9% in the first quarter. Diversified Trust Co now owns 6,470 shares of the Internet television network’s stock worth $3,929,000 after acquiring an additional 739 shares during the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NFLX has been the topic of several research analyst reports. BMO Capital Markets reissued an “outperform” rating and issued a $713.00 target price (up from $638.00) on shares of Netflix in a research report on Wednesday, April 17th. Barclays raised their target price on shares of Netflix from $475.00 to $550.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 9th. Oppenheimer reissued an “outperform” rating and issued a $725.00 target price on shares of Netflix in a research report on Friday, April 19th. Guggenheim raised their target price on shares of Netflix from $600.00 to $700.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Finally, Loop Capital lifted their price target on shares of Netflix from $700.00 to $750.00 and gave the company a “buy” rating in a research report on Tuesday, June 18th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-three have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $633.53.

Insiders Place Their Bets

In other news, insider David A. Hyman sold 268 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $593.62, for a total transaction of $159,090.16. Following the completion of the transaction, the insider now owns 31,610 shares of the company’s stock, valued at $18,764,328.20. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, insider David A. Hyman sold 268 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $593.62, for a total transaction of $159,090.16. Following the completion of the transaction, the insider now owns 31,610 shares of the company’s stock, valued at $18,764,328.20. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Gregory K. Peters sold 4,783 shares of the company’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $675.00, for a total transaction of $3,228,525.00. Following the completion of the sale, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at approximately $8,835,750. The disclosure for this sale can be found here. Insiders sold a total of 48,859 shares of company stock valued at $29,365,893 over the last 90 days. 1.76% of the stock is owned by company insiders.

Netflix Stock Performance

Netflix stock traded down $1.27 during mid-day trading on Monday, reaching $673.61. The company’s stock had a trading volume of 2,209,637 shares, compared to its average volume of 3,977,778. The firm has a market cap of $290.33 billion, a price-to-earnings ratio of 46.75, a PEG ratio of 1.46 and a beta of 1.27. The business has a 50 day moving average price of $628.93 and a 200-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 twelve month low of $344.73 and a twelve month high of $689.88.

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