Heritage Oak Wealth Advisors LLC acquired a new stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 301 shares of the Internet television network's stock, valued at approximately $281,000.
Other large investors also recently made changes to their positions in the company. 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 valued at $25,000 after acquiring an additional 13 shares in the last quarter. Brown Shipley& Co Ltd bought a new stake in shares of Netflix during the fourth quarter valued at approximately $27,000. Transce3nd LLC bought a new stake in shares of Netflix during the fourth quarter valued at approximately $32,000. Copia Wealth Management bought a new stake in Netflix during the fourth quarter worth approximately $37,000. Finally, Stuart Chaussee & Associates Inc. raised its holdings in Netflix by 4,500.0% during the fourth quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock worth $41,000 after purchasing an additional 45 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company's stock.
Netflix Trading Up 0.8%
Shares of NASDAQ:NFLX traded up $10.38 on Thursday, hitting $1,295.24. 2,006,224 shares of the company's stock were exchanged, compared to its average volume of 3,761,661. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.20 and a quick ratio of 1.20. The business's 50 day simple moving average is $1,200.03 and its two-hundred day simple moving average is $1,031.42. The stock has a market capitalization of $551.21 billion, a price-to-earnings ratio of 61.21, a price-to-earnings-growth ratio of 2.48 and a beta of 1.59. Netflix, Inc. has a 12 month low of $587.04 and a 12 month high of $1,341.15.
Netflix (NASDAQ:NFLX - Get Free Report) last posted its earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.74 by $0.87. Netflix had a return on equity of 39.61% and a net margin of 23.07%. The company had revenue of $10.54 billion for the quarter, compared to analyst estimates of $10.51 billion. During the same quarter in the previous year, the firm earned $8.28 earnings per share. Analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current fiscal year.
Analysts Set New Price Targets
NFLX has been the topic of several recent research reports. Macquarie lifted their price target on shares of Netflix from $1,150.00 to $1,200.00 and gave the stock an "outperform" rating in a research report on Monday, April 21st. Canaccord Genuity Group raised their price objective on Netflix from $1,380.00 to $1,525.00 and gave the company a "buy" rating in a research note on Wednesday. Piper Sandler set a $1,150.00 target price on shares of Netflix and gave the stock an "overweight" rating in a research report on Monday, April 21st. Jefferies Financial Group upped their price objective on shares of Netflix from $1,200.00 to $1,400.00 and gave the company a "buy" rating in a research report on Tuesday, June 3rd. Finally, Pivotal Research increased their price target on shares of Netflix from $1,350.00 to $1,600.00 and gave the stock a "buy" rating in a research report on Friday, June 20th. Eleven investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $1,182.58.
Read Our Latest Report on NFLX
Insider Activity
In other news, CFO Spencer Adam Neumann sold 2,601 shares of the company's stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $1,132.38, for a total transaction of $2,945,320.38. Following the completion of the transaction, the chief financial officer directly owned 3,691 shares of the company's stock, valued at $4,179,614.58. This represents a 41.34% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Reed Hastings sold 26,977 shares of the company's stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $1,133.05, for a total value of $30,566,289.85. Following the completion of the sale, the director owned 394 shares of the company's stock, valued at approximately $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. In the last 90 days, insiders have sold 186,723 shares of company stock valued at $223,307,201. 1.37% of the stock is currently owned by company insiders.
About Netflix
(
Free Report)
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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