Netflix, Inc. (NASDAQ:NFLX) is CV Advisors LLC’s 9th Largest Position

CV Advisors LLC raised its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 15.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,012 shares of the Internet television network’s stock after buying an additional 799 shares during the quarter. Netflix comprises approximately 2.0% of CV Advisors LLC’s holdings, making the stock its 9th largest position. CV Advisors LLC’s holdings in Netflix were worth $5,580,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Halbert Hargrove Global Advisors LLC boosted its position in shares of Netflix by 100.0% during the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network’s stock valued at $25,000 after acquiring an additional 13 shares during the last quarter. Brown Shipley& Co Ltd bought a new position in shares of Netflix during the 4th quarter valued at approximately $27,000. Transce3nd LLC bought a new position in shares of Netflix during the 4th quarter valued at approximately $32,000. Copia Wealth Management bought a new position in shares of Netflix during the 4th quarter valued at approximately $37,000. Finally, Stuart Chaussee & Associates Inc. boosted its position in shares of Netflix by 4,500.0% during the 4th quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network’s stock valued at $41,000 after acquiring an additional 45 shares during the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Netflix

In other Netflix news, CAO Jeffrey William Karbowski sold 480 shares of Netflix stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $978.18, for a total value of $469,526.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Jay C. Hoag sold 31,750 shares of Netflix stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $1,252.35, for a total value of $39,762,112.50. Following the completion of the transaction, the director now owns 63,040 shares in the company, valued at $78,948,144. This trade represents a 33.50% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 185,140 shares of company stock worth $210,271,552 over the last quarter. Insiders own 1.37% of the company’s stock.

Netflix Stock Performance

NFLX stock opened at $1,231.49 on Monday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.20 and a quick ratio of 1.20. The business has a 50-day moving average price of $1,150.80 and a 200 day moving average price of $1,012.19. The company has a market capitalization of $524.09 billion, a P/E ratio of 58.20, a PEG ratio of 2.38 and a beta of 1.59. Netflix, Inc. has a 1-year low of $587.04 and a 1-year high of $1,262.81.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, beating the consensus estimate of $5.74 by $0.87. The firm had revenue of $10.54 billion during the quarter, compared to the consensus estimate of $10.51 billion. Netflix had a return on equity of 39.61% and a net margin of 23.07%. During the same period in the previous year, the company posted $8.28 earnings per share. As a group, equities research analysts forecast that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently commented on NFLX. Macquarie increased their target price on Netflix from $1,150.00 to $1,200.00 and gave the company an “outperform” rating in a research report on Monday, April 21st. Wedbush restated an “outperform” rating and issued a $1,200.00 price target on shares of Netflix in a research report on Monday, May 5th. Needham & Company LLC restated a “buy” rating and issued a $1,126.00 price target on shares of Netflix in a research report on Thursday, April 17th. KeyCorp raised their price target on Netflix from $1,000.00 to $1,070.00 and gave the stock an “overweight” rating in a research report on Monday, April 21st. Finally, Canaccord Genuity Group raised their price target on Netflix from $1,200.00 to $1,380.00 and gave the stock a “buy” rating in a research report on Friday, May 16th. Eleven analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $1,172.73.

Netflix 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.