Elyxium Wealth LLC Purchases 518 Shares of Netflix, Inc. (NASDAQ:NFLX)

Elyxium Wealth LLC raised its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 51.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,528 shares of the Internet television network's stock after purchasing an additional 518 shares during the period. Elyxium Wealth LLC's holdings in Netflix were worth $1,425,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Resurgent Financial Advisors LLC raised its position in shares of Netflix by 234.4% in the first quarter. Resurgent Financial Advisors LLC now owns 1,010 shares of the Internet television network's stock worth $942,000 after buying an additional 708 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of Netflix by 8.7% in the fourth quarter. Janus Henderson Group PLC now owns 1,377,081 shares of the Internet television network's stock worth $1,227,468,000 after purchasing an additional 110,432 shares during the last quarter. PharVision Advisers LLC bought a new stake in shares of Netflix in the fourth quarter worth about $873,000. New England Research & Management Inc. boosted its position in Netflix by 148.5% during the 1st quarter. New England Research & Management Inc. now owns 2,122 shares of the Internet television network's stock valued at $1,979,000 after acquiring an additional 1,268 shares in the last quarter. Finally, Xcel Wealth Management LLC boosted its position in Netflix by 15.2% during the 1st quarter. Xcel Wealth Management LLC now owns 492 shares of the Internet television network's stock valued at $459,000 after acquiring an additional 65 shares in the last quarter. 80.93% of the stock is owned by institutional investors.

Insider Buying and Selling at Netflix

In other news, Director Bradford L. Smith sold 3,919 shares of Netflix stock in a transaction on Monday, May 12th. The shares were sold at an average price of $1,124.26, for a total transaction of $4,405,974.94. Following the completion of the sale, the director directly owned 7,969 shares in the company, valued at approximately $8,959,227.94. The trade was a 32.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Reed Hastings sold 26,977 shares of Netflix stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $1,133.05, for a total transaction of $30,566,289.85. Following the sale, the director owned 394 shares of the company's stock, valued at $446,421.70. The trade was a 98.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 186,723 shares of company stock valued at $223,307,201 in the last ninety days. Company insiders own 1.37% of the company's stock.

Netflix Stock Performance

Netflix stock opened at $1,209.24 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.20 and a quick ratio of 1.20. Netflix, Inc. has a 1-year low of $587.04 and a 1-year high of $1,341.15. The firm has a market capitalization of $514.62 billion, a P/E ratio of 51.52, a price-to-earnings-growth ratio of 2.19 and a beta of 1.59. The company's 50-day moving average is $1,232.59 and its 200 day moving average is $1,061.94.

Netflix (NASDAQ:NFLX - Get Free Report) last issued 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 business had revenue of $11.08 billion for the quarter, compared to analyst estimates of $11.04 billion. Netflix had a net margin of 24.58% and a return on equity of 43.00%. The company's quarterly revenue was up 15.9% compared to the same quarter last year. During the same period last year, the company posted $4.88 earnings per share. Research analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.

Analyst Ratings Changes

NFLX has been the subject of a number of recent analyst reports. Needham & Company LLC restated a "buy" rating and issued a $1,500.00 price objective on shares of Netflix in a report on Friday. Pivotal Research restated a "buy" rating on shares of Netflix in a report on Thursday, July 10th. JPMorgan Chase & Co. boosted their target price on shares of Netflix from $1,230.00 to $1,300.00 and gave the company a "neutral" rating in a research note on Friday. Cfra Research upgraded shares of Netflix to a "strong-buy" rating in a research note on Monday, April 28th. Finally, TD Cowen boosted their target price on shares of Netflix from $1,440.00 to $1,450.00 and gave the company a "buy" rating in a research note on Friday. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Netflix presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,291.41.

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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