Moss Adams Wealth Advisors LLC Has $1.35 Million Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Moss Adams Wealth Advisors LLC increased its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 23.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,446 shares of the Internet television network's stock after buying an additional 274 shares during the quarter. Moss Adams Wealth Advisors LLC's holdings in Netflix were worth $1,348,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Pathway Financial Advisers LLC grew its position in Netflix by 82.4% during the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock worth $27,000 after buying an additional 14 shares in the last quarter. Brown Shipley& Co Ltd acquired a new stake in Netflix during the fourth quarter worth about $27,000. Transce3nd LLC acquired a new stake in Netflix during the fourth quarter worth about $32,000. Pineridge Advisors LLC grew its position in Netflix by 4,000.0% during the fourth quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network's stock worth $37,000 after buying an additional 40 shares in the last quarter. Finally, Copia Wealth Management acquired a new stake in Netflix during the fourth quarter worth about $37,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Chairman Reed Hastings sold 25,360 shares of the company's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $921.15, for a total value of $23,360,364.00. Following the completion of the transaction, the chairman now directly owns 394 shares of the company's stock, valued at approximately $362,933.10. This represents a 98.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Cletus R. Willems sold 298 shares of the company's stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $1,138.00, for a total transaction of $339,124.00. Following the completion of the transaction, the insider now directly owns 31,610 shares of the company's stock, valued at approximately $35,972,180. The trade was a 0.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 185,140 shares of company stock valued at $210,271,552. Company insiders own 1.37% of the company's stock.

Netflix Trading Down 0.4%

Shares of NFLX stock traded down $4.85 on Thursday, hitting $1,215.03. The stock had a trading volume of 2,079,198 shares, compared to its average volume of 3,755,864. Netflix, Inc. has a twelve month low of $587.04 and a twelve month high of $1,262.81. The firm has a market cap of $517.08 billion, a P/E ratio of 61.27, a PEG ratio of 2.12 and a beta of 1.59. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. The company has a fifty day moving average price of $1,106.59 and a two-hundred day moving average price of $994.50.

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, topping analysts' consensus estimates of $5.74 by $0.87. The firm had revenue of $10.54 billion during the quarter, compared to analyst estimates of $10.51 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. During the same period in the prior year, the business earned $8.28 EPS. As a group, analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Citigroup reaffirmed a "neutral" rating and set a $1,250.00 price objective (up from $1,020.00) on shares of Netflix in a report on Thursday, May 29th. UBS Group lifted their target price on shares of Netflix from $1,150.00 to $1,450.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Moffett Nathanson reiterated a "buy" rating and issued a $1,150.00 target price (up previously from $1,100.00) on shares of Netflix in a research note on Friday, April 18th. Wedbush reiterated an "outperform" rating and issued a $1,200.00 target price on shares of Netflix in a research note on Monday, May 5th. Finally, Cfra Research upgraded shares of Netflix to a "strong-buy" rating in a research report on Monday, April 28th. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Netflix has a consensus rating of "Moderate Buy" and a consensus price target of $1,156.73.

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.