Huntleigh Advisors Inc. Purchases New Holdings in Netflix, Inc. (NASDAQ:NFLX)

Huntleigh Advisors Inc. bought a new position in Netflix, Inc. (NASDAQ:NFLX - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,119 shares of the Internet television network's stock, valued at approximately $1,044,000.

Other large investors have also recently bought and sold shares of the company. Brighton Jones LLC lifted its holdings in Netflix by 5.0% in the 4th quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network's stock worth $4,804,000 after purchasing an additional 257 shares during the last quarter. Revolve Wealth Partners LLC boosted its holdings in shares of Netflix by 16.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network's stock worth $912,000 after buying an additional 144 shares during the period. BIP Wealth LLC grew its stake in Netflix by 23.8% in the 4th quarter. BIP Wealth LLC now owns 453 shares of the Internet television network's stock valued at $403,000 after buying an additional 87 shares during the last quarter. Exencial Wealth Advisors LLC raised its holdings in Netflix by 3.0% in the 4th quarter. Exencial Wealth Advisors LLC now owns 1,496 shares of the Internet television network's stock worth $1,334,000 after acquiring an additional 43 shares during the period. Finally, Keybank National Association OH raised its holdings in Netflix by 1.0% in the 4th quarter. Keybank National Association OH now owns 8,785 shares of the Internet television network's stock worth $7,830,000 after acquiring an additional 85 shares during the period. 80.93% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

NFLX has been the subject of a number of recent analyst reports. Morgan Stanley upped their price target on shares of Netflix from $1,150.00 to $1,200.00 and gave the company an "overweight" rating in a report on Monday, April 21st. Benchmark restated a "hold" rating on shares of Netflix in a research note on Monday, April 21st. Wolfe Research set a $1,340.00 target price on Netflix and gave the company an "outperform" rating in a report on Friday, May 16th. The Goldman Sachs Group upped their price target on Netflix from $1,000.00 to $1,140.00 and gave the stock a "neutral" rating in a report on Wednesday. Finally, Piper Sandler set a $1,150.00 price objective on Netflix and gave the company an "overweight" rating in a research report on Monday, April 21st. Eleven analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $1,182.58.

Netflix Price Performance

Shares of NASDAQ NFLX traded up $10.38 during midday trading on Friday, reaching $1,295.24. 2,006,224 shares of the company traded hands, compared to its average volume of 3,761,661. Netflix, Inc. has a 12 month low of $587.04 and a 12 month 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's 50-day simple moving average is $1,204.00 and its 200-day simple moving average is $1,034.00. The firm has a market cap of $551.21 billion, a PE ratio of 61.21, a PEG ratio of 2.35 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, beating the consensus estimate of $5.74 by $0.87. The firm had revenue of $10.54 billion during the quarter, compared to the consensus estimate of $10.51 billion. Netflix had a net margin of 23.07% and a return on equity of 39.61%. During the same period last year, the firm posted $8.28 EPS. As a group, equities analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Jay C. Hoag sold 32,515 shares of the stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $1,101.97, for a total transaction of $35,830,554.55. Following the sale, the director directly owned 79,040 shares in the company, valued at $87,099,708.80. This represents a 29.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 value of $4,405,974.94. Following the completion of the transaction, the director owned 7,969 shares of the company's stock, valued at approximately $8,959,227.94. The trade was a 32.97% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 186,723 shares of company stock worth $223,307,201. 1.37% of the stock is currently owned by insiders.

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.