Capital Advisors Wealth Management LLC Acquires 594 Shares of Netflix, Inc. (NASDAQ:NFLX)

Capital Advisors Wealth Management LLC grew its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 171.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 941 shares of the Internet television network's stock after acquiring an additional 594 shares during the period. Capital Advisors Wealth Management LLC's holdings in Netflix were worth $878,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Netflix by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 37,488,005 shares of the Internet television network's stock worth $33,413,809,000 after purchasing an additional 171,712 shares in the last quarter. FMR LLC grew its position in shares of Netflix by 1.8% during the 4th quarter. FMR LLC now owns 20,887,090 shares of the Internet television network's stock valued at $18,617,081,000 after purchasing an additional 375,234 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Netflix by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 9,323,952 shares of the Internet television network's stock worth $8,287,823,000 after purchasing an additional 175,596 shares during the period. GAMMA Investing LLC increased its holdings in shares of Netflix by 109,524.3% in the first quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network's stock worth $8,239,576,000 after purchasing an additional 8,827,662 shares during the period. Finally, Norges Bank purchased a new stake in shares of Netflix in the fourth quarter worth $5,019,087,000. 80.93% of the stock is owned by institutional investors.

Analyst Ratings Changes

NFLX has been the subject of several recent analyst reports. Bank of America boosted their target price on Netflix from $1,175.00 to $1,490.00 and gave the stock a "buy" rating in a research report on Friday, May 30th. Phillip Securities upgraded Netflix from a "moderate sell" rating to a "hold" rating in a research report on Monday, April 21st. Macquarie boosted their price objective on Netflix from $1,150.00 to $1,200.00 and gave the stock an "outperform" rating in a report on Monday, April 21st. Guggenheim reaffirmed a "buy" rating and issued a $1,150.00 target price (up from $1,100.00) on shares of Netflix in a research note on Friday, April 18th. Finally, Rosenblatt Securities lifted their target price on shares of Netflix from $1,494.00 to $1,514.00 and gave the company a "buy" rating in a research report on Monday, April 21st. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $1,172.73.

Netflix Stock Up 1.3%

Shares of Netflix stock opened at $1,323.12 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.20 and a current ratio of 1.20. Netflix, Inc. has a 52-week low of $587.04 and a 52-week high of $1,331.35. The company's 50 day moving average price is $1,183.25 and its 200-day moving average price is $1,024.18. The stock has a market capitalization of $563.08 billion, a price-to-earnings ratio of 62.53, a P/E/G ratio of 2.56 and a beta of 1.59.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.74 by $0.87. Netflix had a net margin of 23.07% and a return on equity of 39.61%. The business had revenue of $10.54 billion for the quarter, compared to analyst estimates of $10.51 billion. During the same quarter last year, the firm earned $8.28 EPS. Equities research analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Buying and Selling

In related news, CAO Jeffrey William Karbowski sold 620 shares of the firm's stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $1,286.84, for a total value of $797,840.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ann Mather sold 1,358 shares of Netflix stock in a transaction on Friday, May 9th. The shares were sold at an average price of $1,150.00, for a total transaction of $1,561,700.00. The disclosure for this sale can be found here. Insiders have sold 185,280 shares of company stock valued at $210,599,866 over the last ninety days. 1.37% of the stock is owned by insiders.

Netflix Company 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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