3,744 Shares in Netflix, Inc. (NASDAQ:NFLX) Purchased by Accuvest Global Advisors

Key Points

• Accuvest Global Advisors has acquired a new stake in Netflix, Inc., purchasing 3,744 shares valued at approximately $3.49 million, making it the firm’s 11th largest holding.
• Insiders at Netflix, including CEO Theodore A. Sarandos, sold a total of 151,584 shares in the last three months, valued at approximately $185.4 million.
• Analyst ratings for Netflix are mixed, with a consensus of "Moderate Buy" and an average target price of $1,297.66, reflecting varying investor sentiment.

Accuvest Global Advisors bought a new position in Netflix, Inc. (NASDAQ:NFLX - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 3,744 shares of the Internet television network's stock, valued at approximately $3,491,000. Netflix makes up about 3.0% of Accuvest Global Advisors' portfolio, making the stock its 11th largest holding.

Several other large investors also recently added to or reduced their stakes in the business. Fullcircle Wealth LLC grew its position in Netflix by 2.5% in the first quarter. Fullcircle Wealth LLC now owns 369 shares of the Internet television network's stock worth $344,000 after acquiring an additional 9 shares in the last quarter. Mission Creek Capital Partners Inc. boosted its holdings in shares of Netflix by 0.3% during the 4th quarter. Mission Creek Capital Partners Inc. now owns 3,826 shares of the Internet television network's stock worth $3,410,000 after buying an additional 10 shares during the period. Continuum Wealth Advisors LLC boosted its holdings in shares of Netflix by 4.4% during the 1st quarter. Continuum Wealth Advisors LLC now owns 235 shares of the Internet television network's stock worth $219,000 after buying an additional 10 shares during the period. Financial Enhancement Group LLC boosted its holdings in shares of Netflix by 2.5% during the 1st quarter. Financial Enhancement Group LLC now owns 412 shares of the Internet television network's stock worth $384,000 after buying an additional 10 shares during the period. Finally, Saxony Capital Management LLC boosted its holdings in shares of Netflix by 1.4% during the 1st quarter. Saxony Capital Management LLC now owns 707 shares of the Internet television network's stock worth $659,000 after buying an additional 10 shares during the period. 80.93% of the stock is owned by institutional investors.

Insider Activity at Netflix

In other Netflix news, CFO Spencer Adam Neumann sold 2,601 shares of Netflix stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $1,307.22, for a total transaction of $3,400,079.22. Following the completion of the transaction, the chief financial officer directly owned 3,691 shares of the company's stock, valued at $4,824,949.02. The trade was a 41.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Reed Hastings sold 26,933 shares of the business's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $1,211.66, for a total transaction of $32,633,638.78. Following the completion of the sale, the director directly owned 394 shares of the company's stock, valued at approximately $477,394.04. The trade was a 98.56% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 150,226 shares of company stock valued at $183,849,784. 1.37% of the stock is owned by company insiders.

Netflix Stock Up 2.6%

NFLX traded up $31.27 during trading on Friday, reaching $1,211.64. 3,811,512 shares of the stock were exchanged, compared to its average volume of 3,961,090. The stock has a market cap of $514.86 billion, a P/E ratio of 51.63, a price-to-earnings-growth ratio of 1.99 and a beta of 1.59. Netflix, Inc. has a twelve month low of $622.99 and a twelve month high of $1,341.15. The stock's 50 day moving average price is $1,232.25 and its two-hundred day moving average price is $1,093.48. 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 (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, topping 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 firm had revenue of $11.08 billion during the quarter, compared to analysts' expectations of $11.04 billion. During the same period in the previous year, the business posted $4.88 earnings per share. The company's revenue for the quarter was up 15.9% compared to the same quarter last year. Equities analysts expect that Netflix, Inc. will post 24.58 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Seaport Res Ptn downgraded shares of Netflix from a "strong-buy" rating to a "hold" rating in a report on Sunday, July 6th. Pivotal Research reaffirmed a "buy" rating on shares of Netflix in a report on Thursday, July 10th. Moffett Nathanson reaffirmed a "buy" rating and set a $1,150.00 price objective (up from $1,100.00) on shares of Netflix in a report on Friday, April 18th. Wells Fargo & Company upped their price objective on shares of Netflix from $1,500.00 to $1,560.00 and gave the stock an "overweight" rating in a report on Friday, July 18th. Finally, Wolfe Research set a $1,340.00 price objective on shares of Netflix and gave the stock an "outperform" rating in a report on Friday, May 16th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,297.66.

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.