419 Shares in Netflix, Inc. (NASDAQ:NFLX) Bought by Harbour Capital Advisors LLC

Harbour Capital Advisors LLC bought a new position in shares of Netflix, Inc. (NASDAQ:NFLX) in the first quarter, HoldingsChannel reports. The fund bought 419 shares of the Internet television network’s stock, valued at approximately $257,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of NFLX. Spartan Planning & Wealth Management acquired a new position in shares of Netflix during the third quarter worth $26,000. VitalStone Financial LLC grew its stake in shares of Netflix by 933.3% during the fourth quarter. VitalStone Financial LLC now owns 62 shares of the Internet television network’s stock worth $30,000 after purchasing an additional 56 shares in the last quarter. Beaird Harris Wealth Management LLC grew its stake in shares of Netflix by 1,550.0% during the fourth quarter. Beaird Harris Wealth Management LLC now owns 66 shares of the Internet television network’s stock worth $32,000 after purchasing an additional 62 shares in the last quarter. Scarborough Advisors LLC acquired a new position in Netflix in the fourth quarter valued at $32,000. Finally, Indiana Trust & Investment Management CO boosted its stake in Netflix by 112.0% in the first quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock valued at $32,000 after acquiring an additional 28 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Trading Down 1.4 %

Shares of Netflix stock opened at $674.88 on Friday. Netflix, Inc. has a 12-month low of $344.73 and a 12-month high of $689.88. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.62. The stock has a market cap of $290.87 billion, a PE ratio of 46.83, a price-to-earnings-growth ratio of 1.48 and a beta of 1.26. The company has a 50-day moving average of $628.93 and a two-hundred day moving average of $583.49.

Netflix (NASDAQ:NFLX) last issued its 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. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The company had revenue of $9.37 billion during the quarter, compared to analysts’ expectations of $9.28 billion. During the same period last year, the company posted $2.88 earnings per share. The firm’s quarterly revenue was up 14.8% compared to the same quarter last year. On average, research analysts anticipate that Netflix, Inc. will post 18.31 EPS for the current fiscal year.

Insider Buying and Selling at Netflix

In other Netflix news, Chairman Reed Hastings sold 18,361 shares of the stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $551.54, for a total value of $10,126,825.94. Following the completion of the transaction, the chairman now directly owns 28 shares of the company’s stock, valued at $15,443.12. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, CEO Gregory K. Peters sold 4,783 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at approximately $8,835,750. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Reed Hastings sold 18,361 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $551.54, for a total transaction of $10,126,825.94. Following the transaction, the chairman now directly owns 28 shares of the company’s stock, valued at $15,443.12. The disclosure for this sale can be found here. Over the last three months, insiders sold 69,425 shares of company stock valued at $41,919,791. Corporate insiders own 1.76% of the company’s stock.

Analyst Ratings Changes

NFLX has been the subject of several research analyst reports. Loop Capital upped their price objective on shares of Netflix from $700.00 to $750.00 and gave the company a “buy” rating in a research note on Tuesday, June 18th. Jefferies Financial Group restated a “buy” rating and issued a $655.00 price objective on shares of Netflix in a research note on Wednesday, May 15th. CICC Research initiated coverage on shares of Netflix in a research note on Thursday, May 2nd. They issued an “outperform” rating and a $650.00 price objective for the company. Citigroup upped their price objective on shares of Netflix from $555.00 to $660.00 and gave the company a “neutral” rating in a research note on Monday, March 25th. Finally, Wedbush restated an “outperform” rating and issued a $725.00 price objective on shares of Netflix in a research note on Monday, May 20th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-three have assigned a buy rating to the stock. According to MarketBeat, Netflix presently has an average rating of “Moderate Buy” and an average target price of $633.53.

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.