Annex Advisory Services LLC Buys 104 Shares of Netflix, Inc. (NASDAQ:NFLX)

by · The Cerbat Gem

Annex Advisory Services LLC grew its stake in shares of Netflix, Inc. (NASDAQ:NFLX – Free Report) by 15.4% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 781 shares of the Internet television network’s stock after acquiring an additional 104 shares during the period. Annex Advisory Services LLC’s holdings in Netflix were worth $728,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. grew its position in shares of Netflix by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 37,488,005 shares of the Internet television network’s stock valued at $33,413,809,000 after acquiring an additional 171,712 shares during the period. FMR LLC boosted its holdings in Netflix by 1.8% in the 4th quarter. FMR LLC now owns 20,887,090 shares of the Internet television network’s stock worth $18,617,081,000 after buying an additional 375,234 shares during the period. Geode Capital Management LLC boosted its holdings in Netflix by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 9,323,952 shares of the Internet television network’s stock worth $8,287,823,000 after buying an additional 175,596 shares during the period. GAMMA Investing LLC boosted its holdings in Netflix by 109,524.3% in the 1st quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network’s stock worth $8,239,576,000 after buying an additional 8,827,662 shares during the period. Finally, Norges Bank bought a new position in Netflix in the 4th quarter worth approximately $5,019,087,000. 80.93% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on NFLX shares. Robert W. Baird raised their price objective on shares of Netflix from $1,200.00 to $1,300.00 and gave the stock an “outperform” rating in a report on Friday, May 16th. Oppenheimer reaffirmed an “outperform” rating and issued a $1,200.00 price objective (up from $1,150.00) on shares of Netflix in a report on Friday, April 18th. Wedbush reaffirmed an “outperform” rating and issued a $1,200.00 price objective on shares of Netflix in a report on Monday, May 5th. Rosenblatt Securities raised their price objective on shares of Netflix from $1,494.00 to $1,514.00 and gave the stock a “buy” rating in a report on Monday, April 21st. Finally, Evercore ISI reaffirmed an “outperform” rating on shares of Netflix in a report on Thursday, May 15th. Eleven analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Netflix presently has an average rating of “Moderate Buy” and an average target price of $1,149.91.

Read Our Latest Report on NFLX

Insider Buying and Selling

In related news, CFO Spencer Adam Neumann sold 2,601 shares of Netflix stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $1,211.67, for a total value of $3,151,553.67. Following the transaction, the chief financial officer now owns 3,691 shares in the company, valued at $4,472,273.97. This trade represents a 41.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Reed Hastings sold 25,360 shares of Netflix stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $921.15, for a total transaction of $23,360,364.00. Following the completion of the transaction, the chairman now owns 394 shares in the company, valued at approximately $362,933.10. The trade was a 98.47% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 152,300 shares of company stock worth $169,146,939 in the last 90 days. 1.37% of the stock is owned by company insiders.

Netflix Stock Performance

Netflix stock opened at $1,250.52 on Friday. The firm’s fifty day moving average price is $1,081.54 and its 200-day moving average price is $985.25. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. The stock has a market cap of $532.19 billion, a P/E ratio of 63.06, a price-to-earnings-growth ratio of 2.12 and a beta of 1.58. Netflix, Inc. has a fifty-two week low of $587.04 and a fifty-two week high of $1,262.81.

Netflix (NASDAQ:NFLX – Get Free Report) last issued its earnings results on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, topping analysts’ consensus estimates of $5.74 by $0.87. The company had revenue of $10.54 billion for the quarter, compared to analysts’ expectations of $10.51 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. During the same quarter last year, the company earned $8.28 EPS. On average, equities research analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Netflix Company Profile

(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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