213 Shares in Netflix, Inc. $NFLX Purchased by Horst & Graben Wealth Management LLC

Key Points

• Horst & Graben Wealth Management LLC purchased 213 shares of Netflix, Inc. valued at approximately $286,000, indicating growing institutional interest in the stock.
• Recent insider trading includes CEO Theodore A. Sarandos selling 2,026 shares for over $2.35 million, reflecting a 11.78% decrease in his position.
• Netflix's 52-week stock range has seen a low of $677.88 and a high of $1,341.15, and it recorded a quarterly revenue increase of 15.9% year-over-year.

Horst & Graben Wealth Management LLC purchased a new position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 213 shares of the Internet television network's stock, valued at approximately $286,000.

A number of other hedge funds have also bought and sold shares of NFLX. Brighton Jones LLC increased its holdings in Netflix by 5.0% in the 4th quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network's stock valued at $4,804,000 after buying an additional 257 shares during the period. Revolve Wealth Partners LLC increased its holdings in Netflix by 16.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network's stock valued at $912,000 after buying an additional 144 shares during the period. GAMMA Investing LLC increased its holdings in Netflix by 17.6% in the 1st quarter. GAMMA Investing LLC now owns 9,475 shares of the Internet television network's stock valued at $8,836,000 after buying an additional 1,415 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in Netflix by 28.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 91,054 shares of the Internet television network's stock valued at $84,909,000 after buying an additional 20,152 shares during the period. Finally, Grimes & Company Inc. increased its holdings in Netflix by 3.9% in the 1st quarter. Grimes & Company Inc. now owns 376 shares of the Internet television network's stock valued at $350,000 after buying an additional 14 shares during the period. 80.93% of the stock is owned by institutional investors.

Insider Buying and Selling at Netflix

In other Netflix news, insider Cletus R. Willems sold 238 shares of the business's stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $1,153.52, for a total transaction of $274,537.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Theodore A. Sarandos sold 2,026 shares of the company's stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $1,160.62, for a total transaction of $2,351,416.12. Following the completion of the sale, the chief executive officer owned 15,168 shares of the company's stock, valued at approximately $17,604,284.16. The trade was a 11.78% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 104,100 shares of company stock worth $122,710,980 in the last ninety days. 1.37% of the stock is currently owned by corporate insiders.

Netflix Stock Down 1.0%

Shares of NASDAQ NFLX opened at $1,203.29 on Thursday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34. Netflix, Inc. has a 52-week low of $677.88 and a 52-week high of $1,341.15. The company's 50 day moving average price is $1,213.65 and its 200-day moving average price is $1,172.31. The company has a market capitalization of $511.31 billion, a P/E ratio of 51.27, a price-to-earnings-growth ratio of 2.04 and a beta of 1.59.

Netflix (NASDAQ:NFLX - Get Free Report) last released its earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $7.07 by $0.12. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The company had revenue of $11.08 billion for the quarter, compared to the consensus estimate of $11.04 billion. During the same quarter in the previous year, the company earned $4.88 EPS. Netflix's quarterly revenue was up 15.9% compared to the same quarter last year. Equities analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

NFLX has been the topic of several recent analyst reports. Robert W. Baird raised their target price on shares of Netflix from $1,300.00 to $1,500.00 and gave the company an "outperform" rating in a report on Monday, July 21st. Piper Sandler raised their price target on shares of Netflix from $1,400.00 to $1,500.00 and gave the company an "overweight" rating in a research note on Friday, July 18th. Sanford C. Bernstein raised their price target on shares of Netflix from $1,200.00 to $1,390.00 and gave the company an "outperform" rating in a research note on Thursday, July 17th. Phillip Securities downgraded shares of Netflix from a "hold" rating to a "strong sell" rating in a research report on Monday, July 21st. Finally, TD Cowen cut their target price on shares of Netflix from $1,450.00 to $1,425.00 and set a "buy" rating on the stock in a research report on Tuesday, October 7th. Two analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat.com, Netflix currently has an average rating of "Moderate Buy" and an average target price of $1,337.63.

Netflix 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.

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