180 Wealth Advisors LLC Purchases 534 Shares of Netflix, Inc. (NASDAQ:NFLX)

180 Wealth Advisors LLC boosted its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 25.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,615 shares of the Internet television network's stock after purchasing an additional 534 shares during the quarter. 180 Wealth Advisors LLC's holdings in Netflix were worth $2,439,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mirador Capital Partners LP boosted its position in shares of Netflix by 18.1% in the first quarter. Mirador Capital Partners LP now owns 684 shares of the Internet television network's stock valued at $638,000 after acquiring an additional 105 shares during the period. Wallace Advisory Group LLC boosted its position in shares of Netflix by 1.8% in the first quarter. Wallace Advisory Group LLC now owns 1,487 shares of the Internet television network's stock valued at $1,325,000 after acquiring an additional 26 shares during the period. Kaizen Financial Strategies boosted its position in shares of Netflix by 5.5% in the first quarter. Kaizen Financial Strategies now owns 534 shares of the Internet television network's stock valued at $498,000 after acquiring an additional 28 shares during the period. Founders Capital Management boosted its position in shares of Netflix by 25.0% in the first quarter. Founders Capital Management now owns 125 shares of the Internet television network's stock valued at $117,000 after acquiring an additional 25 shares during the period. Finally, Fifth Third Wealth Advisors LLC boosted its position in shares of Netflix by 19.5% in the first quarter. Fifth Third Wealth Advisors LLC now owns 8,844 shares of the Internet television network's stock valued at $8,247,000 after acquiring an additional 1,442 shares during the period. 80.93% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Pivotal Research boosted their target price on shares of Netflix from $1,250.00 to $1,350.00 and gave the company a "buy" rating in a research report on Monday, April 21st. Wells Fargo & Company boosted their target price on shares of Netflix from $1,210.00 to $1,222.00 and gave the company an "overweight" rating in a research report on Monday, April 21st. Loop Capital reaffirmed a "hold" rating on shares of Netflix in a research report on Monday, March 24th. UBS Group cut their price objective on shares of Netflix from $1,150.00 to $1,140.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Finally, Wolfe Research set a $1,340.00 price objective on shares of Netflix and gave the stock an "outperform" rating in a research report on Friday, May 16th. Eleven investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, Netflix currently has an average rating of "Moderate Buy" and a consensus target price of $1,122.33.

Insiders Place Their Bets

In other Netflix news, CFO Spencer Adam Neumann sold 2,601 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $921.72, for a total transaction of $2,397,393.72. Following the transaction, the chief financial officer now directly owns 3,691 shares in the company, valued at approximately $3,402,068.52. This represents a 41.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Jeffrey William Karbowski sold 640 shares of the stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $1,194.77, for a total value of $764,652.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 100,262 shares of company stock worth $106,599,765. Corporate insiders own 1.37% of the company's stock.

Netflix Trading Up 1.0%

NFLX stock traded up $11.75 during trading on Monday, hitting $1,218.98. The company had a trading volume of 2,287,791 shares, compared to its average volume of 3,751,692. The business has a 50-day moving average of $1,059.27 and a 200-day moving average of $976.26. Netflix, Inc. has a one year low of $587.04 and a one year high of $1,219.76. The stock has a market cap of $518.76 billion, a PE ratio of 61.47, a PEG ratio of 2.12 and a beta of 1.58. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56.

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

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.