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

Talbot Financial LLC lifted its position in Netflix, Inc. (NASDAQ:NFLX) by 3.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,450 shares of the Internet television network’s stock after purchasing an additional 454 shares during the quarter. Talbot Financial LLC’s holdings in Netflix were worth $9,383,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Capital World Investors increased its holdings in shares of 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 purchasing an additional 78,320 shares during the period. Jennison Associates LLC increased its holdings in shares of 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 purchasing an additional 1,573,978 shares during the period. Norges Bank bought a new position in shares of Netflix in the fourth quarter worth $2,558,598,000. Fisher Asset Management LLC increased its holdings in shares of 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 purchasing an additional 78,298 shares during the period. Finally, Wellington Management Group LLP increased its holdings in shares of 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 purchasing an additional 3,273,592 shares during the period. Institutional investors own 80.93% of the company’s stock.

Netflix Stock Performance

NASDAQ:NFLX traded down $1.27 during trading hours on Monday, reaching $673.61. The company had a trading volume of 2,209,637 shares, compared to its average volume of 3,977,778. 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 52 week low of $344.73 and a 52 week high of $689.88. 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 firm’s 50 day moving average price is $628.93 and its 200-day moving average price is $585.07.

Netflix (NASDAQ:NFLX) last posted its earnings results 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. 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 the consensus estimate of $9.28 billion. During the same quarter in the previous year, the firm posted $2.88 EPS. The firm’s revenue was up 14.8% on a year-over-year basis. On average, analysts forecast that Netflix, Inc. will post 18.31 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Gregory K. Peters sold 4,783 shares of Netflix stock in a transaction on Friday, June 14th. The shares were sold at an average price of $675.00, for a total transaction of $3,228,525.00. Following the transaction, the chief executive officer now owns 13,090 shares in the company, valued at approximately $8,835,750. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Gregory K. Peters sold 4,783 shares of Netflix stock in a transaction on Friday, June 14th. The shares were sold at an average price of $675.00, for a total transaction of $3,228,525.00. Following the transaction, the chief executive officer now owns 13,090 shares in the company, valued at approximately $8,835,750. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Reed Hastings sold 19,943 shares of Netflix stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $633.58, for a total transaction of $12,635,485.94. Following the transaction, the chairman now owns 57 shares in the company, valued at approximately $36,114.06. The disclosure for this sale can be found here. In the last quarter, insiders sold 48,859 shares of company stock valued at $29,365,893. Company insiders own 1.76% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on NFLX shares. Jefferies Financial Group reissued a “buy” rating and issued a $655.00 target price on shares of Netflix in a research note on Wednesday, May 15th. CICC Research started coverage on shares of Netflix in a report on Thursday, May 2nd. They set an “outperform” rating and a $650.00 target price for the company. Deutsche Bank Aktiengesellschaft increased their target price on shares of Netflix from $525.00 to $550.00 and gave the stock a “hold” rating in a report on Monday, April 15th. Guggenheim increased their target price on shares of Netflix from $600.00 to $700.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Finally, KeyCorp raised their price objective on shares of Netflix from $705.00 to $707.00 and gave the stock an “overweight” rating in a report on Thursday, June 13th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $633.53.

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.