BSW Wealth Partners Has $1.17 Million Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

BSW Wealth Partners lessened its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 20.0% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 1,249 shares of the Internet television network's stock after selling 313 shares during the period. BSW Wealth Partners' holdings in Netflix were worth $1,165,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. GAMMA Investing LLC lifted its position in shares of 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 acquiring an additional 8,827,662 shares during the period. Norges Bank bought a new stake in shares of Netflix in the 4th quarter worth approximately $5,019,087,000. Arrowstreet Capital Limited Partnership lifted its position in shares of Netflix by 59.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,301,098 shares of the Internet television network's stock worth $2,051,016,000 after acquiring an additional 856,307 shares during the period. Massachusetts Financial Services Co. MA lifted its position in shares of Netflix by 318.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 976,924 shares of the Internet television network's stock worth $870,752,000 after acquiring an additional 743,724 shares during the period. Finally, Northern Trust Corp lifted its position in shares of Netflix by 14.3% in the 4th quarter. Northern Trust Corp now owns 4,574,006 shares of the Internet television network's stock worth $4,076,903,000 after acquiring an additional 570,674 shares during the period. Institutional investors and hedge funds own 80.93% of the company's stock.

Netflix Price Performance

Shares of NASDAQ NFLX opened at $1,323.12 on Friday. Netflix, Inc. has a twelve month low of $587.04 and a twelve month high of $1,331.35. The stock's 50 day moving average price is $1,183.25 and its 200-day moving average price is $1,023.58. The company has a market capitalization of $563.08 billion, a PE ratio of 62.53, a PEG ratio of 2.53 and a beta of 1.59. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.58.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, beating the consensus estimate of $5.74 by $0.87. The business had revenue of $10.54 billion for the quarter, compared to the consensus estimate of $10.51 billion. Netflix had a return on equity of 39.61% and a net margin of 23.07%. During the same quarter in the prior year, the business earned $8.28 earnings per share. On average, equities analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Transactions at Netflix

In other Netflix news, CAO Jeffrey William Karbowski sold 620 shares of the company's stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $1,286.84, for a total transaction of $797,840.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Cletus R. Willems sold 298 shares of the company's stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $1,138.00, for a total transaction of $339,124.00. Following the sale, the insider now owns 31,610 shares of the company's stock, valued at approximately $35,972,180. The trade was a 0.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 185,280 shares of company stock valued at $210,599,866. 1.37% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Oppenheimer raised their price objective on Netflix from $1,200.00 to $1,425.00 and gave the stock an "outperform" rating in a research report on Thursday, June 12th. FBN Securities began coverage on Netflix in a research report on Thursday, March 27th. They set an "outperform" rating and a $1,165.00 target price for the company. Citigroup restated a "neutral" rating and set a $1,250.00 target price (up previously from $1,020.00) on shares of Netflix in a research report on Thursday, May 29th. Piper Sandler set a $1,150.00 target price on Netflix and gave the stock an "overweight" rating in a research report on Monday, April 21st. Finally, Morgan Stanley raised their target price on Netflix from $1,150.00 to $1,200.00 and gave the stock an "overweight" rating in a research report on Monday, April 21st. Eleven analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $1,172.73.

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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