Global Wealth Management Investment Advisory Inc. Grows Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Global Wealth Management Investment Advisory Inc. boosted its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 10.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,366 shares of the Internet television network's stock after purchasing an additional 305 shares during the quarter. Global Wealth Management Investment Advisory Inc.'s holdings in Netflix were worth $3,139,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Halbert Hargrove Global Advisors LLC grew its stake in shares of Netflix by 100.0% during the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock worth $25,000 after purchasing an additional 13 shares in the last quarter. Brown Shipley& Co Ltd acquired a new stake in Netflix in the fourth quarter valued at $27,000. Transce3nd LLC purchased a new stake in Netflix during the 4th quarter worth about $32,000. Copia Wealth Management acquired a new position in shares of Netflix during the 4th quarter worth about $37,000. Finally, Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Netflix during the 1st quarter worth about $42,000. Hedge funds and other institutional investors own 80.93% of the company's stock.

Netflix Trading Up 0.8%

NASDAQ:NFLX opened at $1,295.24 on Friday. Netflix, Inc. has a 1 year low of $587.04 and a 1 year high of $1,341.15. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.20 and a current ratio of 1.20. The stock has a fifty day moving average price of $1,204.00 and a two-hundred day moving average price of $1,034.00. The stock has a market capitalization of $551.21 billion, a price-to-earnings ratio of 61.21, a PEG ratio of 2.48 and a beta of 1.59.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, topping analysts' consensus estimates of $5.74 by $0.87. The business had revenue of $10.54 billion for the quarter, compared to analysts' expectations of $10.51 billion. Netflix had a net margin of 23.07% and a return on equity of 39.61%. During the same period in the prior year, the company posted $8.28 EPS. As a group, sell-side analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on NFLX shares. Loop Capital reissued a "hold" rating on shares of Netflix in a research report on Monday, March 24th. KeyCorp raised their price objective on shares of Netflix from $1,000.00 to $1,070.00 and gave the stock an "overweight" rating in a report on Monday, April 21st. Evercore ISI restated an "outperform" rating on shares of Netflix in a report on Thursday, May 15th. Oppenheimer boosted their price target on shares of Netflix from $1,200.00 to $1,425.00 and gave the company an "outperform" rating in a research report on Thursday, June 12th. Finally, BMO Capital Markets reaffirmed an "outperform" rating and set a $1,200.00 price objective (up previously from $1,175.00) on shares of Netflix in a report on Friday, April 18th. 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 company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,182.58.

Insider Activity

In other Netflix news, Director Ann Mather sold 1,090 shares of the stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $1,250.00, for a total value of $1,362,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Strive Masiyiwa sold 290 shares of Netflix stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $1,336.54, for a total transaction of $387,596.60. The disclosure for this sale can be found here. Insiders have sold 186,723 shares of company stock valued at $223,307,201 in the last quarter. Insiders own 1.37% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.