568 Shares in Netflix, Inc. (NFLX) Acquired by Harvest Group Wealth Management LLC

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Harvest Group Wealth Management LLC acquired a new position in shares of Netflix, Inc. (NASDAQ:NFLX) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 568 shares of the Internet television network’s stock, valued at approximately $203,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of NFLX. Toronto Dominion Bank increased its holdings in shares of Netflix by 8.1% in the 1st quarter. Toronto Dominion Bank now owns 357,020 shares of the Internet television network’s stock valued at $127,266,000 after acquiring an additional 26,652 shares during the last quarter. Hall Capital Management Co. Inc. acquired a new position in Netflix during the 1st quarter valued at approximately $251,000. Mn Services Vermogensbeheer B.V. boosted its position in Netflix by 1.5% during the 1st quarter. Mn Services Vermogensbeheer B.V. now owns 75,012 shares of the Internet television network’s stock valued at $26,746,000 after purchasing an additional 1,100 shares during the period. State Treasurer State of Michigan boosted its position in Netflix by 0.8% during the 1st quarter. State Treasurer State of Michigan now owns 125,834 shares of the Internet television network’s stock valued at $44,867,000 after purchasing an additional 1,000 shares during the period. Finally, TLW Wealth Management LLC acquired a new position in Netflix during the 1st quarter valued at approximately $2,746,000. Institutional investors and hedge funds own 76.08% of the company’s stock.

In related news, CEO Reed Hastings sold 54,418 shares of the stock in a transaction that occurred on Tuesday, February 19th. The stock was sold at an average price of $362.00, for a total transaction of $19,699,316.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Anne M. Sweeney sold 1,649 shares of the stock in a transaction that occurred on Monday, February 25th. The shares were sold at an average price of $370.00, for a total value of $610,130.00. Following the sale, the director now owns 609 shares of the company’s stock, valued at approximately $225,330. The disclosure for this sale can be found here. In the last quarter, insiders have sold 165,491 shares of company stock valued at $60,694,221. 4.29% of the stock is currently owned by corporate insiders.

A number of research analysts recently issued reports on the company. Pivotal Research restated a “buy” rating and set a $500.00 price objective on shares of Netflix in a research report on Tuesday, April 16th. BMO Capital Markets boosted their price objective on Netflix from $440.00 to $470.00 and gave the company an “outperform” rating in a research report on Tuesday, April 16th. Nomura restated a “neutral” rating and set a $320.00 price objective (up previously from $300.00) on shares of Netflix in a research report on Friday, January 18th. Argus restated a “hold” rating on shares of Netflix in a research report on Tuesday, January 22nd. Finally, Wedbush boosted their price objective on Netflix from $150.00 to $165.00 and gave the company an “underperform” rating in a research report on Friday, January 18th. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-eight have given a buy rating and one has given a strong buy rating to the company’s stock. Netflix currently has a consensus rating of “Buy” and an average target price of $385.03.

NFLX opened at $345.61 on Thursday. The stock has a market cap of $150.95 billion, a PE ratio of 128.96, a P/E/G ratio of 3.44 and a beta of 1.33. Netflix, Inc. has a 52-week low of $231.23 and a 52-week high of $423.21. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 1.81.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Tuesday, April 16th. The Internet television network reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.19. The company had revenue of $4.52 billion during the quarter, compared to the consensus estimate of $4.50 billion. Netflix had a return on equity of 24.75% and a net margin of 7.61%. The firm’s revenue was up 22.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.64 EPS. On average, equities research analysts forecast that Netflix, Inc. will post 3.35 earnings per share for the current year.

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Netflix Profile

Netflix, Inc provides Internet entertainment services. The company operates in three segments: Domestic streaming, International streaming, and Domestic DVD. It offers TV series, documentaries, and feature films across various genres and languages. The company provides members the ability to receive streaming content through a host of Internet-connected screens, including TVs, digital video players, television set-top boxes, and mobile devices.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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