Monograph Wealth Advisors LLC Grows Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Monograph Wealth Advisors LLC lifted its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 97.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 678 shares of the Internet television network's stock after purchasing an additional 335 shares during the period. Monograph Wealth Advisors LLC's holdings in Netflix were worth $604,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Pathway Financial Advisers LLC lifted its holdings in Netflix by 82.4% during the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock valued at $27,000 after purchasing an additional 14 shares in the last quarter. Transce3nd LLC acquired a new position in shares of Netflix during the 4th quarter worth about $32,000. Newton One Investments LLC acquired a new position in shares of Netflix during the 4th quarter worth about $34,000. Pineridge Advisors LLC lifted its stake in Netflix by 4,000.0% in the 4th quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network's stock valued at $37,000 after buying an additional 40 shares in the last quarter. Finally, Stuart Chaussee & Associates Inc. boosted its holdings in Netflix by 4,500.0% in the 4th quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock worth $41,000 after buying an additional 45 shares during the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have commented on NFLX shares. Wall Street Zen cut Netflix from a "buy" rating to a "hold" rating in a report on Tuesday, February 4th. Phillip Securities upgraded Netflix from a "moderate sell" rating to a "hold" rating in a research report on Monday, April 21st. Cfra Research upgraded shares of Netflix to a "strong-buy" rating in a research report on Monday, April 28th. Citigroup reissued a "neutral" rating on shares of Netflix in a research note on Monday, May 5th. Finally, Evercore ISI restated an "outperform" rating on shares of Netflix in a report on Thursday, May 15th. Eleven investment 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 company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $1,102.79.

Netflix Trading Down 0.2%

Shares of NFLX traded down $2.58 during midday trading on Friday, hitting $1,185.39. 2,183,293 shares of the stock were exchanged, compared to its average volume of 3,757,359. Netflix, Inc. has a 52-week low of $587.04 and a 52-week high of $1,211.22. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. The stock has a fifty day simple moving average of $1,036.22 and a 200 day simple moving average of $961.79. The firm has a market cap of $504.47 billion, a P/E ratio of 59.78, a P/E/G ratio of 2.12 and a beta of 1.58.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.74 by $0.87. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The business had revenue of $10.54 billion for the quarter, compared to analysts' expectations of $10.51 billion. During the same quarter in the prior year, the company earned $8.28 earnings per share. On average, research analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Buying and Selling at Netflix

In other Netflix news, Chairman Reed Hastings sold 25,360 shares of the firm's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $921.15, for a total value of $23,360,364.00. Following the sale, the chairman now directly owns 394 shares in the company, valued at $362,933.10. This trade represents a 98.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Jeffrey William Karbowski sold 160 shares of the business's stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $1,000.00, for a total transaction of $160,000.00. The disclosure for this sale can be found here. Insiders sold 132,868 shares of company stock valued at $138,483,256 in the last 90 days. Company insiders own 1.76% 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.