Netflix, Inc. $NFLX Position Increased by Stratos Wealth Advisors LLC

Key Points

• Stratos Wealth Advisors LLC increased its stake in Netflix by 8.4% in the second quarter, owning a total of 4,631 shares valued at approximately $6,202,000.
• Netflix analysts have set new price targets, with Wells Fargo raising its target from $1,500.00 to $1,560.00, while Goldman Sachs lowered its target from $1,310.00 to $1,300.00, reflecting varied outlooks on the company's future performance.
• Netflix's stock is currently trading at $1,183.59, having a 1-year low of $677.88 and a 1-year high of $1,341.15, with institutional investors owning approximately 80.93% of the company.

Stratos Wealth Advisors LLC raised its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 8.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,631 shares of the Internet television network's stock after buying an additional 357 shares during the period. Stratos Wealth Advisors LLC's holdings in Netflix were worth $6,202,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Stephens Consulting LLC boosted its holdings in Netflix by 150.0% during the second quarter. Stephens Consulting LLC now owns 25 shares of the Internet television network's stock worth $33,000 after buying an additional 15 shares in the last quarter. Maseco LLP purchased a new stake in shares of Netflix in the 2nd quarter valued at approximately $39,000. Ransom Advisory Ltd purchased a new stake in shares of Netflix in the 2nd quarter valued at approximately $47,000. Flaharty Asset Management LLC purchased a new stake in shares of Netflix in the 1st quarter valued at approximately $37,000. Finally, Signature Resources Capital Management LLC lifted its position in shares of Netflix by 740.0% in the 2nd quarter. Signature Resources Capital Management LLC now owns 42 shares of the Internet television network's stock valued at $56,000 after acquiring an additional 37 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

NFLX has been the subject of several research analyst reports. Wells Fargo & Company upped their price target on shares of Netflix from $1,500.00 to $1,560.00 and gave the company an "overweight" rating in a research report on Friday, July 18th. The Goldman Sachs Group reduced their price target on shares of Netflix from $1,310.00 to $1,300.00 and set a "neutral" rating for the company in a research report on Tuesday, September 30th. Sanford C. Bernstein upped their price target on shares of Netflix from $1,200.00 to $1,390.00 and gave the company an "outperform" rating in a research report on Thursday, July 17th. Piper Sandler upped their price target on shares of Netflix from $1,400.00 to $1,500.00 and gave the company an "overweight" rating in a research report on Friday, July 18th. Finally, Canaccord Genuity Group restated a "buy" rating on shares of Netflix in a research report on Thursday, July 10th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Netflix has an average rating of "Moderate Buy" and a consensus target price of $1,339.81.

Netflix Trading Down 1.6%

NASDAQ NFLX opened at $1,183.59 on Friday. Netflix, Inc. has a 1-year low of $677.88 and a 1-year high of $1,341.15. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $502.94 billion, a PE ratio of 50.43, a price-to-earnings-growth ratio of 2.02 and a beta of 1.59. The firm's fifty day simple moving average is $1,213.72 and its 200-day simple moving average is $1,174.05.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, topping analysts' consensus estimates of $7.07 by $0.12. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The business had revenue of $11.08 billion for the quarter, compared to the consensus estimate of $11.04 billion. During the same period in the prior year, the business posted $4.88 earnings per share. Netflix's revenue for the quarter was up 15.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider David A. Hyman sold 424 shares of the firm's stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $1,158.67, for a total transaction of $491,276.08. Following the transaction, the insider owned 31,610 shares in the company, valued at approximately $36,625,558.70. This trade represents a 1.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Reed Hastings sold 42,176 shares of the firm's stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $1,171.92, for a total transaction of $49,426,897.92. Following the transaction, the director owned 394 shares in the company, valued at $461,736.48. This represents a 99.07% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 104,100 shares of company stock valued at $122,710,980 in the last three months. Company insiders own 1.37% of the company's stock.

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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