Netflix, Inc. (NASDAQ:NFLX) is Linden Thomas Advisory Services LLC’s 10th Largest Position

Linden Thomas Advisory Services LLC boosted its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 1.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,431 shares of the Internet television network’s stock after buying an additional 88 shares during the quarter. Netflix accounts for about 0.8% of Linden Thomas Advisory Services LLC’s holdings, making the stock its 10th biggest holding. Linden Thomas Advisory Services LLC’s holdings in Netflix were worth $5,997,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of the stock. Optimum Investment Advisors boosted its stake in Netflix by 17.8% during the first quarter. Optimum Investment Advisors now owns 926 shares of the Internet television network’s stock worth $864,000 after buying an additional 140 shares during the period. AlphaStar Capital Management LLC boosted its stake in Netflix by 7.6% during the first quarter. AlphaStar Capital Management LLC now owns 4,349 shares of the Internet television network’s stock worth $4,056,000 after buying an additional 309 shares during the period. Valeo Financial Advisors LLC boosted its stake in Netflix by 0.7% during the first quarter. Valeo Financial Advisors LLC now owns 7,596 shares of the Internet television network’s stock worth $7,084,000 after buying an additional 52 shares during the period. SilverOak Wealth Management LLC purchased a new position in Netflix during the first quarter worth about $206,000. Finally, Blackhawk Capital Partners LLC. boosted its stake in Netflix by 9.1% during the first quarter. Blackhawk Capital Partners LLC. now owns 2,793 shares of the Internet television network’s stock worth $2,605,000 after buying an additional 234 shares during the period. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Insider Buying and Selling at Netflix

In other news, CFO Spencer Adam Neumann sold 2,601 shares of the firm’s stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $1,132.38, for a total transaction of $2,945,320.38. Following the transaction, the chief financial officer directly owned 3,691 shares in the company, valued at approximately $4,179,614.58. This trade represents a 41.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Reed Hastings sold 26,977 shares of the firm’s stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $1,133.05, for a total transaction of $30,566,289.85. Following the transaction, the director owned 394 shares in the company, valued at approximately $446,421.70. This trade represents a 98.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 186,723 shares of company stock valued at $223,307,201. 1.37% of the stock is currently owned by insiders.

Netflix Stock Performance

Shares of NFLX opened at $1,275.31 on Wednesday. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.58. The firm has a market cap of $542.73 billion, a PE ratio of 60.27, a price-to-earnings-growth ratio of 2.34 and a beta of 1.59. The company’s 50 day simple moving average is $1,214.45 and its 200-day simple moving average is $1,042.85. Netflix, Inc. has a 12-month low of $587.04 and a 12-month high of $1,341.15.

Netflix (NASDAQ:NFLX) last announced its earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.74 by $0.87. The business had revenue of $10.54 billion for the quarter, compared to analyst estimates of $10.51 billion. Netflix had a net margin of 23.07% and a return on equity of 39.61%. During the same period last year, the firm posted $8.28 earnings per share. As a group, equities analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. The Goldman Sachs Group increased their target price on shares of Netflix from $1,000.00 to $1,140.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 2nd. Macquarie increased their price target on shares of Netflix from $1,150.00 to $1,200.00 and gave the stock an “outperform” rating in a research report on Monday, April 21st. Barclays reissued a “sell” rating and set a $1,100.00 price target on shares of Netflix in a research report on Wednesday. Oppenheimer increased their price target on shares of Netflix from $1,200.00 to $1,425.00 and gave the stock an “outperform” rating in a research report on Thursday, June 12th. Finally, Moffett Nathanson reissued a “buy” rating and set a $1,150.00 price target (up previously from $1,100.00) on shares of Netflix in a research report on Friday, April 18th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Netflix currently has a consensus rating of “Moderate Buy” and an average price target of $1,185.61.

About Netflix

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.