Advisors Preferred LLC Makes New Investment in Netflix, Inc. (NASDAQ:NFLX)

Advisors Preferred LLC acquired a new position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,700 shares of the Internet television network's stock, valued at approximately $1,578,000.

Several other institutional investors also recently modified their holdings of NFLX. Brighton Jones LLC grew its stake 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 last quarter. Revolve Wealth Partners LLC grew its stake 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 last quarter. BIP Wealth LLC grew its stake in Netflix by 23.8% in the 4th quarter. BIP Wealth LLC now owns 453 shares of the Internet television network's stock valued at $403,000 after buying an additional 87 shares during the last quarter. Congress Wealth Management LLC DE grew its stake in Netflix by 10.3% in the 4th quarter. Congress Wealth Management LLC DE now owns 18,924 shares of the Internet television network's stock valued at $16,868,000 after buying an additional 1,771 shares during the last quarter. Finally, Modern Wealth Management LLC grew its stake in Netflix by 37.1% in the 4th quarter. Modern Wealth Management LLC now owns 1,031 shares of the Internet television network's stock valued at $919,000 after buying an additional 279 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO Spencer Adam Neumann sold 2,601 shares of the business's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $1,307.22, for a total value of $3,400,079.22. Following the sale, the chief financial officer owned 3,691 shares in the company, valued at approximately $4,824,949.02. The trade was a 41.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Jeffrey William Karbowski sold 620 shares of the business's stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $1,286.84, for a total transaction of $797,840.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 185,923 shares of company stock valued at $222,445,095. Company insiders own 1.37% of the company's stock.

Analyst Ratings Changes

A number of analysts have issued reports on NFLX shares. Seaport Res Ptn downgraded shares of Netflix from a "strong-buy" rating to a "hold" rating in a report on Sunday, July 6th. UBS Group reissued a "market underperform" rating on shares of Netflix in a report on Saturday, July 19th. Needham & Company LLC reissued a "buy" rating and issued a $1,500.00 price objective on shares of Netflix in a report on Friday, July 18th. Wedbush reissued an "outperform" rating and issued a $1,500.00 price objective (up previously from $1,400.00) on shares of Netflix in a report on Monday, July 14th. Finally, Loop Capital reissued a "hold" rating on shares of Netflix in a report on Tuesday, July 15th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Netflix currently has an average rating of "Moderate Buy" and a consensus price target of $1,297.66.

Netflix Stock Performance

Shares of NASDAQ:NFLX traded down $0.27 during trading on Friday, hitting $1,180.49. The company's stock had a trading volume of 2,583,635 shares, compared to its average volume of 4,301,109. The company has a 50-day moving average of $1,236.66 and a 200-day moving average of $1,069.32. Netflix, Inc. has a 12 month low of $587.04 and a 12 month high of $1,341.15. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.34 and a quick ratio of 1.20. The firm has a market cap of $501.63 billion, a price-to-earnings ratio of 50.30, a P/E/G ratio of 1.98 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 EPS for the quarter, topping analysts' consensus estimates of $7.07 by $0.12. The company had revenue of $11.08 billion for the quarter, compared to analysts' expectations of $11.04 billion. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The firm's revenue was up 15.9% compared to the same quarter last year. During the same quarter last year, the business earned $4.88 EPS. On average, sell-side analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current year.

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.