Stratos Wealth Partners LTD. Has $19.53 Million Stock Holdings in Netflix, Inc. $NFLX

Key Points

• Stratos Wealth Partners LTD. increased its holdings in Netflix, Inc. by 8.6%, now owning 14,582 shares valued at approximately $19.53 million.
• Several large investors have also made significant changes to their positions, with over 80% of Netflix's stock owned by institutional investors and hedge funds.
• Recent analyst ratings for Netflix include an "outperform" rating from Itau BBA Securities and a downgrade to "hold" by Zacks Research, indicating mixed sentiment among analysts.

Stratos Wealth Partners LTD. increased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 8.6% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 14,582 shares of the Internet television network's stock after purchasing an additional 1,156 shares during the period. Stratos Wealth Partners LTD.'s holdings in Netflix were worth $19,528,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in NFLX. Stephens Consulting LLC lifted its position in shares of Netflix by 150.0% during the 2nd quarter. Stephens Consulting LLC now owns 25 shares of the Internet television network's stock worth $33,000 after purchasing an additional 15 shares during the last quarter. Flaharty Asset Management LLC acquired a new position in Netflix in the 1st quarter valued at approximately $37,000. Maseco LLP acquired a new position in Netflix in the 2nd quarter valued at approximately $39,000. Barnes Dennig Private Wealth Management LLC acquired a new position in Netflix in the 1st quarter valued at approximately $42,000. Finally, 1248 Management LLC acquired a new position in Netflix in the 1st quarter valued at approximately $43,000. Institutional investors and hedge funds own 80.93% of the company's stock.

Wall Street Analyst Weigh In

NFLX has been the subject of several recent research reports. Itau BBA Securities initiated coverage on Netflix in a report on Tuesday, October 7th. They issued an "outperform" rating and a $1,514.00 price target for the company. Seaport Res Ptn raised Netflix from a "hold" rating to a "strong-buy" rating in a report on Monday, October 6th. Zacks Research cut Netflix from a "strong-buy" rating to a "hold" rating in a report on Monday, September 1st. TD Cowen dropped their target price on Netflix from $1,450.00 to $1,425.00 and set a "buy" rating for the company in a report on Tuesday, October 7th. Finally, Barclays reissued a "sell" rating and issued a $1,100.00 target price (up from $1,000.00) on shares of Netflix in a report on Wednesday, July 9th. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $1,339.81.

Netflix Stock Down 1.6%

NASDAQ NFLX opened at $1,183.59 on Friday. The firm has a market cap 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. Netflix, Inc. has a one year low of $677.88 and a one year high of $1,341.15. The stock's 50 day simple moving average is $1,213.72 and its 200 day simple moving average is $1,174.05. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.34 and a quick ratio of 1.34.

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

Insider Buying and Selling at Netflix

In other Netflix news, Director Reed Hastings sold 42,176 shares of the stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $1,171.92, for a total value of $49,426,897.92. Following the transaction, the director directly owned 394 shares in the company, valued at approximately $461,736.48. This trade represents a 99.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Theodore A. Sarandos sold 2,026 shares of the stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $1,160.62, for a total value of $2,351,416.12. Following the completion of the transaction, the chief executive officer owned 15,168 shares in the company, valued at $17,604,284.16. The trade was a 11.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 104,100 shares of company stock worth $122,710,980 over the last 90 days. Company insiders own 1.37% of the company's stock.

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.

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