Oxler Private Wealth LLC Invests $820,000 in Netflix, Inc. (NASDAQ:NFLX)

Oxler Private Wealth LLC acquired a new position in Netflix, Inc. (NASDAQ:NFLXFree Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,350 shares of the Internet television network’s stock, valued at approximately $820,000.

Other hedge funds have also recently made changes to their positions in the company. Columbia Trust Co 01012016 raised its holdings in Netflix by 15.3% during the 4th quarter. Columbia Trust Co 01012016 now owns 1,566 shares of the Internet television network’s stock valued at $762,000 after buying an additional 208 shares during the last quarter. Crumly & Associates Inc. raised its holdings in Netflix by 4.1% during the 4th quarter. Crumly & Associates Inc. now owns 2,105 shares of the Internet television network’s stock valued at $1,025,000 after buying an additional 83 shares during the last quarter. Venture Visionary Partners LLC raised its holdings in Netflix by 15.4% during the 4th quarter. Venture Visionary Partners LLC now owns 9,849 shares of the Internet television network’s stock valued at $4,795,000 after buying an additional 1,318 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in Netflix by 142.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 667,597 shares of the Internet television network’s stock valued at $252,085,000 after buying an additional 392,427 shares during the last quarter. Finally, Sandy Cove Advisors LLC raised its holdings in Netflix by 10.6% during the 4th quarter. Sandy Cove Advisors LLC now owns 1,187 shares of the Internet television network’s stock valued at $578,000 after buying an additional 114 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors.

Netflix Price Performance

NFLX traded up $9.79 during trading on Tuesday, reaching $650.61. 2,917,210 shares of the company traded hands, compared to its average volume of 4,294,512. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.07 and a current ratio of 1.07. Netflix, Inc. has a 12-month low of $344.73 and a 12-month high of $650.88. The firm has a fifty day simple moving average of $605.71 and a 200 day simple moving average of $546.17. The company has a market cap of $280.41 billion, a P/E ratio of 45.15, a PEG ratio of 1.50 and a beta of 1.23.

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

Analysts Set New Price Targets

Several research analysts have commented on the stock. Benchmark upped their price objective on shares of Netflix from $440.00 to $450.00 and gave the stock a “sell” rating in a report on Friday. UBS Group upped their target price on shares of Netflix from $570.00 to $685.00 and gave the stock a “buy” rating in a research report on Tuesday, February 27th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Netflix from $525.00 to $550.00 and gave the stock a “hold” rating in a research report on Monday, April 15th. StockNews.com raised shares of Netflix from a “hold” rating to a “buy” rating in a research report on Monday, February 26th. Finally, TD Cowen upped their target price on shares of Netflix from $600.00 to $725.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-three have issued a buy rating to the company. According to MarketBeat.com, Netflix presently has an average rating of “Moderate Buy” and a consensus price target of $630.53.

View Our Latest Stock Report on Netflix

Insider Activity at Netflix

In related news, CEO Gregory K. Peters sold 5,352 shares of the firm’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $625.00, for a total value of $3,345,000.00. Following the completion of the transaction, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at $8,181,250. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Netflix news, CEO Gregory K. Peters sold 5,352 shares of Netflix stock in a transaction on Monday, March 18th. The shares were sold at an average price of $625.00, for a total transaction of $3,345,000.00. Following the completion of the transaction, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at $8,181,250. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Reed Hastings sold 20,566 shares of Netflix stock in a transaction on Monday, April 1st. The stock was sold at an average price of $610.42, for a total transaction of $12,553,897.72. Following the transaction, the chairman now directly owns 28 shares of the company’s stock, valued at $17,091.76. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 78,039 shares of company stock valued at $46,401,083. 1.76% of the stock is owned by corporate insiders.

About Netflix

(Free Report)

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.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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