Kingswood Wealth Advisors LLC Grows Position in Netflix, Inc. (NASDAQ:NFLX)

Kingswood Wealth Advisors LLC grew its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 14.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,006 shares of the Internet television network's stock after purchasing an additional 615 shares during the period. Kingswood Wealth Advisors LLC's holdings in Netflix were worth $4,666,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Janus Henderson Group PLC lifted its position in shares of Netflix by 8.7% during the 4th quarter. Janus Henderson Group PLC now owns 1,377,081 shares of the Internet television network's stock valued at $1,227,468,000 after buying an additional 110,432 shares in the last quarter. PharVision Advisers LLC purchased a new position in shares of Netflix during the 4th quarter valued at approximately $873,000. New England Research & Management Inc. lifted its position in shares of 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 buying an additional 1,268 shares in the last quarter. First National Trust Co lifted its position in shares of Netflix by 1.0% during the 4th quarter. First National Trust Co now owns 1,258 shares of the Internet television network's stock valued at $1,121,000 after buying an additional 12 shares in the last quarter. Finally, Haven Private LLC purchased a new position in shares of Netflix during the 4th quarter valued at approximately $733,000. Hedge funds and other institutional investors own 80.93% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on NFLX. BMO Capital Markets restated an "outperform" rating and issued a $1,200.00 price objective (up previously from $1,175.00) on shares of Netflix in a report on Friday, April 18th. Benchmark restated a "hold" rating on shares of Netflix in a report on Monday, April 21st. Pivotal Research raised their price objective on Netflix from $1,250.00 to $1,350.00 and gave the company a "buy" rating in a report on Monday, April 21st. Oppenheimer raised their price objective on Netflix from $1,200.00 to $1,425.00 and gave the company an "outperform" rating in a report on Thursday, June 12th. Finally, Jefferies Financial Group raised their price objective on Netflix from $1,200.00 to $1,400.00 and gave the company a "buy" rating in a report on Tuesday, June 3rd. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, Netflix currently has an average rating of "Moderate Buy" and a consensus price target of $1,156.73.

Insider Transactions at Netflix

In related news, Director Jay C. Hoag sold 31,750 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $1,252.35, for a total transaction of $39,762,112.50. Following the completion of the sale, the director now owns 63,040 shares in the company, valued at $78,948,144. The trade was a 33.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Jeffrey William Karbowski sold 480 shares of the business's stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $978.18, for a total value of $469,526.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 185,140 shares of company stock valued at $210,271,552. 1.37% of the stock is currently owned by corporate insiders.

Netflix Stock Performance

NASDAQ NFLX opened at $1,220.67 on Wednesday. The company has a market cap of $519.48 billion, a P/E ratio of 57.69, a P/E/G ratio of 2.37 and a beta of 1.59. 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 stock has a 50-day moving average of $1,132.97 and a two-hundred day moving average of $1,004.83. Netflix, Inc. has a 1-year low of $587.04 and a 1-year high of $1,262.81.

Netflix (NASDAQ:NFLX - Get Free Report) last released 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. Netflix had a return on equity of 39.61% and a net margin of 23.07%. The company had revenue of $10.54 billion during the quarter, compared to the consensus estimate of $10.51 billion. During the same period in the previous year, the company posted $8.28 EPS. As a group, analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current year.

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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