Kwmg LLC Invests $201,000 in Netflix, Inc. (NASDAQ:NFLX)

Kwmg LLC purchased a new stake in shares of Netflix, Inc. (NASDAQ:NFLX) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 216 shares of the Internet television network’s stock, valued at approximately $201,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Brown Shipley& Co Ltd bought a new stake in shares of Netflix during the fourth quarter worth approximately $27,000. Pathway Financial Advisers LLC raised its stake in shares of Netflix by 82.4% during the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network’s stock worth $27,000 after buying an additional 14 shares during the last quarter. Transce3nd LLC bought a new stake in shares of Netflix during the fourth quarter worth approximately $32,000. Newton One Investments LLC bought a new stake in shares of Netflix during the fourth quarter worth approximately $34,000. Finally, Pineridge Advisors LLC raised its stake in shares of Netflix by 4,000.0% during the fourth quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network’s stock worth $37,000 after buying an additional 40 shares during the last quarter. 80.93% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Netflix news, Director Reed Hastings sold 26,933 shares of the stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $1,211.66, for a total transaction of $32,633,638.78. Following the sale, the director now directly owns 394 shares in the company, valued at $477,394.04. This represents a 98.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Jeffrey William Karbowski sold 160 shares of the stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $1,000.00, for a total transaction of $160,000.00. The disclosure for this sale can be found here. Insiders have sold 152,300 shares of company stock worth $169,146,939 over the last ninety days. Corporate insiders own 1.37% of the company’s stock.

Netflix Price Performance

Shares of NFLX opened at $1,217.94 on Wednesday. The firm has a market capitalization of $518.32 billion, a PE ratio of 61.42, a PEG ratio of 2.12 and a beta of 1.58. The company’s 50-day moving average is $1,069.06 and its 200-day moving average is $980.69. Netflix, Inc. has a fifty-two week low of $587.04 and a fifty-two week high of $1,229.57. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22.

Netflix (NASDAQ:NFLX) last issued 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. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The company had revenue of $10.54 billion for the quarter, compared to analyst estimates of $10.51 billion. During the same period in the prior year, the firm earned $8.28 earnings per share. Equities analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have commented on NFLX shares. KeyCorp upped their target price on shares of Netflix from $1,000.00 to $1,070.00 and gave the company an “overweight” rating in a research note on Monday, April 21st. Citigroup reaffirmed a “neutral” rating and issued a $1,250.00 target price (up previously from $1,020.00) on shares of Netflix in a research note on Thursday, May 29th. Loop Capital reaffirmed a “hold” rating on shares of Netflix in a research note on Monday, March 24th. Wolfe Research set a $1,340.00 target price on shares of Netflix and gave the company an “outperform” rating in a research note on Friday, May 16th. Finally, Jefferies Financial Group upped their price target on shares of Netflix from $1,200.00 to $1,400.00 and gave the company a “buy” rating in a report on Tuesday. Eleven investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1,140.52.

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.