Perennial Advisors LLC Purchases Shares of 513 Netflix, Inc. (NASDAQ:NFLX)

Perennial Advisors LLC purchased a new stake in Netflix, Inc. (NASDAQ:NFLX) during the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 513 shares of the Internet television network’s stock, valued at approximately $478,000.

A number of other hedge funds also recently made changes to their positions in the stock. Janus Henderson Group PLC lifted its holdings in shares of Netflix by 8.7% during the 4th quarter. Janus Henderson Group PLC now owns 1,377,081 shares of the Internet television network’s stock valued at $1,227,468,000 after acquiring an additional 110,432 shares in the last quarter. PharVision Advisers LLC acquired a new position in shares of Netflix during the 4th quarter valued at $873,000. First National Trust Co lifted its holdings in shares of Netflix by 1.0% during the 4th quarter. First National Trust Co now owns 1,258 shares of the Internet television network’s stock valued at $1,121,000 after acquiring an additional 12 shares in the last quarter. Haven Private LLC acquired a new position in shares of Netflix during the 4th quarter valued at $733,000. Finally, Sigma Planning Corp lifted its holdings in shares of Netflix by 7.4% during the 4th quarter. Sigma Planning Corp now owns 5,572 shares of the Internet television network’s stock valued at $4,966,000 after acquiring an additional 386 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on NFLX. Rosenblatt Securities lifted their target price on shares of Netflix from $1,494.00 to $1,514.00 and gave the company a “buy” rating in a report on Monday, April 21st. Needham & Company LLC reaffirmed a “buy” rating and set a $1,126.00 price target on shares of Netflix in a research note on Thursday, April 17th. UBS Group lifted their price target on shares of Netflix from $1,150.00 to $1,450.00 and gave the stock a “buy” rating in a research note on Wednesday. Wedbush reaffirmed an “outperform” rating and set a $1,200.00 price target on shares of Netflix in a research note on Monday, May 5th. Finally, Pivotal Research lifted their price target on shares of Netflix from $1,250.00 to $1,350.00 and gave the stock a “buy” rating in a research note on Monday, April 21st. Eleven investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,149.91.

Insider Buying and Selling at Netflix

In other news, CFO Spencer Adam Neumann sold 2,601 shares of the company’s stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $1,211.67, for a total value of $3,151,553.67. Following the completion of the sale, the chief financial officer now directly owns 3,691 shares of the company’s stock, valued at approximately $4,472,273.97. This represents a 41.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Ann Mather sold 1,090 shares of the company’s stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $1,250.00, for a total transaction of $1,362,500.00. The disclosure for this sale can be found here. Insiders sold 153,390 shares of company stock valued at $170,509,439 in the last ninety days. Company insiders own 1.37% of the company’s stock.

Netflix Trading Down 0.7%

Netflix stock opened at $1,241.47 on Friday. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. The firm has a 50-day moving average price of $1,087.80 and a two-hundred day moving average price of $988.53. The firm has a market capitalization of $528.33 billion, a price-to-earnings ratio of 62.61, a PEG ratio of 2.12 and a beta of 1.59. Netflix, Inc. has a 52-week low of $587.04 and a 52-week high of $1,262.81.

Netflix (NASDAQ:NFLX) last posted its earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.74 by $0.87. The firm had revenue of $10.54 billion during the quarter, compared to analyst estimates of $10.51 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. During the same period in the previous year, the business posted $8.28 EPS. Sell-side analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current 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.