Hartmann Taylor Wealth Management LLC Invests $636,000 in Netflix, Inc. (NASDAQ:NFLX)

Hartmann Taylor Wealth Management LLC purchased a new position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 682 shares of the Internet television network's stock, valued at approximately $636,000. Netflix comprises approximately 0.6% of Hartmann Taylor Wealth Management LLC's investment portfolio, making the stock its 29th largest holding.

Several other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in Netflix by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 37,488,005 shares of the Internet television network's stock valued at $33,413,809,000 after purchasing an additional 171,712 shares during the last quarter. FMR LLC increased its stake in Netflix by 1.8% in the fourth 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 during the last quarter. Geode Capital Management LLC increased its stake in Netflix by 1.9% during 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 acquiring an additional 175,596 shares during the last quarter. GAMMA Investing LLC increased its stake in Netflix by 109,524.3% during 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 acquiring an additional 8,827,662 shares during the last quarter. Finally, Norges Bank acquired a new stake in Netflix during the fourth quarter worth about $5,019,087,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Netflix Stock Performance

Netflix stock traded up $16.45 during mid-day trading on Friday, hitting $1,323.12. 4,066,251 shares of the company's stock traded hands, compared to its average volume of 3,747,286. The firm has a 50 day moving average price of $1,183.25 and a 200 day moving average price of $1,024.18. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.58. The company has a market cap of $563.08 billion, a PE ratio of 62.53, a price-to-earnings-growth ratio of 2.56 and a beta of 1.59. Netflix, Inc. has a one year low of $587.04 and a one year high of $1,331.35.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, beating the consensus estimate of $5.74 by $0.87. The firm 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 previous year, the business earned $8.28 EPS. On average, equities analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have commented on NFLX. Wells Fargo & Company upped their price target on Netflix from $1,222.00 to $1,500.00 and gave the stock an "overweight" rating in a research note on Friday, June 20th. Cfra Research upgraded Netflix to a "strong-buy" rating in a research note on Monday, April 28th. Moffett Nathanson restated a "buy" rating and set a $1,150.00 price target (up from $1,100.00) on shares of Netflix in a research note on Friday, April 18th. Rosenblatt Securities upped their price target on Netflix from $1,494.00 to $1,514.00 and gave the stock a "buy" rating in a research note on Monday, April 21st. Finally, KeyCorp upped their price target on Netflix from $1,000.00 to $1,070.00 and gave the stock an "overweight" rating in a research note on Monday, April 21st. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,172.73.

Insider Buying and Selling at Netflix

In other news, CFO Spencer Adam Neumann sold 2,601 shares of Netflix stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $921.72, for a total transaction of $2,397,393.72. Following the transaction, the chief financial officer now directly owns 3,691 shares in the company, valued at approximately $3,402,068.52. This trade represents a 41.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Jeffrey William Karbowski sold 160 shares of Netflix stock in a transaction on Monday, April 21st. The stock was sold at an average price of $1,000.00, for a total value of $160,000.00. The disclosure for this sale can be found here. Insiders have sold 185,280 shares of company stock valued at $210,599,866 in the last quarter. Corporate insiders own 1.37% of the company's stock.

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.