Barlow Wealth Partners Inc. Makes New $291,000 Investment in Netflix, Inc. (NASDAQ:NFLX)

Barlow Wealth Partners Inc. purchased a new position in shares of Netflix, Inc. (NASDAQ:NFLX) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 598 shares of the Internet television network’s stock, valued at approximately $291,000.

Several other large investors also recently bought and sold shares of NFLX. Verdence Capital Advisors LLC boosted its position in shares of Netflix by 12.3% during the 3rd quarter. Verdence Capital Advisors LLC now owns 1,246 shares of the Internet television network’s stock worth $470,000 after acquiring an additional 136 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Netflix by 15.9% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 687,112 shares of the Internet television network’s stock worth $259,453,000 after acquiring an additional 94,303 shares in the last quarter. NBT Bank N A NY boosted its position in shares of Netflix by 310.0% during the 3rd quarter. NBT Bank N A NY now owns 2,817 shares of the Internet television network’s stock worth $1,064,000 after acquiring an additional 2,130 shares in the last quarter. Advisor Partners II LLC boosted its position in shares of Netflix by 1.0% during the 3rd quarter. Advisor Partners II LLC now owns 34,101 shares of the Internet television network’s stock worth $12,877,000 after acquiring an additional 322 shares in the last quarter. Finally, Park Avenue Securities LLC boosted its position in shares of Netflix by 0.3% during the 3rd quarter. Park Avenue Securities LLC now owns 11,343 shares of the Internet television network’s stock worth $4,283,000 after acquiring an additional 35 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Price Performance

NASDAQ NFLX traded up $9.03 during mid-day trading on Tuesday, hitting $606.00. The stock had a trading volume of 3,608,993 shares, compared to its average volume of 4,419,100. Netflix, Inc. has a 52-week low of $322.03 and a 52-week high of $639.00. The company has a market cap of $261.16 billion, a price-to-earnings ratio of 42.05, a P/E/G ratio of 1.40 and a beta of 1.23. The company has a 50 day simple moving average of $602.85 and a 200 day simple moving average of $531.62. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.62.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Thursday, April 18th. The Internet television network reported $5.28 earnings per share for the quarter, beating the consensus estimate of $4.51 by $0.77. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The firm had revenue of $9.37 billion during the quarter, compared to the consensus estimate of $9.28 billion. During the same period last year, the business posted $2.88 EPS. Netflix’s quarterly revenue was up 14.8% on a year-over-year basis. Equities analysts forecast that Netflix, Inc. will post 18.3 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on NFLX. Wells Fargo & Company upped their target price on Netflix from $650.00 to $726.00 and gave the company an “overweight” rating in a research report on Friday, April 19th. Canaccord Genuity Group cut Netflix from a “buy” rating to a “hold” rating and decreased their target price for the company from $720.00 to $585.00 in a research report on Friday, April 19th. JPMorgan Chase & Co. upped their target price on Netflix from $610.00 to $650.00 and gave the company an “overweight” rating in a research report on Monday, April 8th. Macquarie upped their target price on Netflix from $595.00 to $685.00 and gave the company an “outperform” rating in a research report on Tuesday, April 16th. Finally, The Goldman Sachs Group upped their target price on Netflix from $500.00 to $565.00 and gave the company a “neutral” rating in a research report on Wednesday, January 24th. 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 company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $631.15.

Insider Activity at Netflix

In other Netflix news, insider David A. Hyman sold 268 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $593.62, for a total transaction of $159,090.16. Following the completion of the transaction, the insider now owns 31,610 shares of the company’s stock, valued at $18,764,328.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Netflix news, CEO Gregory K. Peters sold 1,278 shares of the firm’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $566.35, for a total transaction of $723,795.30. Following the completion of the transaction, the chief executive officer now owns 13,090 shares of the company’s stock, valued at $7,413,521.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider David A. Hyman sold 268 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $593.62, for a total value of $159,090.16. Following the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at approximately $18,764,328.20. The disclosure for this sale can be found here. Insiders sold 157,141 shares of company stock valued at $90,796,396 in the last ninety days. Corporate insiders own 1.76% of the company’s stock.

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.