Watts Gwilliam & Co. LLC Purchases 209 Shares of Netflix, Inc. $NFLX

Key Points

• Watts Gwilliam & Co. LLC raised its stake in Netflix by 4.1%, now holding 5,329 shares valued at approximately $4,970,000, making Netflix 1.1% of their portfolio.
• Netflix's recent quarterly earnings surpassed estimates with an EPS of $7.19, resulting in a 15.9% year-over-year revenue increase, totaling $11.08 billion.
• In analyst ratings, Netflix received upgrades with price targets reaching as high as $1,490.00, reflecting a consensus rating of "Moderate Buy" and an average price target of $1,297.66.

Watts Gwilliam & Co. LLC increased its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 4.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,329 shares of the Internet television network's stock after acquiring an additional 209 shares during the period. Netflix makes up about 1.1% of Watts Gwilliam & Co. LLC's holdings, making the stock its 24th biggest position. Watts Gwilliam & Co. LLC's holdings in Netflix were worth $4,970,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Brighton Jones LLC increased its holdings in shares of Netflix by 5.0% in the 4th quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network's stock worth $4,804,000 after buying an additional 257 shares during the last quarter. Revolve Wealth Partners LLC increased its holdings in shares of Netflix by 16.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network's stock worth $912,000 after buying an additional 144 shares during the last quarter. BIP Wealth LLC increased its holdings in shares of Netflix by 23.8% in the 4th quarter. BIP Wealth LLC now owns 453 shares of the Internet television network's stock worth $403,000 after buying an additional 87 shares during the last quarter. Epoch Investment Partners Inc. increased its holdings in shares of Netflix by 23.7% in the 4th quarter. Epoch Investment Partners Inc. now owns 673 shares of the Internet television network's stock worth $600,000 after buying an additional 129 shares during the last quarter. Finally, MML Investors Services LLC increased its holdings in shares of Netflix by 8.7% in the 4th quarter. MML Investors Services LLC now owns 90,259 shares of the Internet television network's stock worth $80,450,000 after buying an additional 7,202 shares during the last quarter. Institutional investors own 80.93% of the company's stock.

Netflix Trading Up 0.7%

NASDAQ:NFLX opened at $1,238.95 on Monday. Netflix, Inc. has a one year low of $660.80 and a one year high of $1,341.15. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.34 and a quick ratio of 1.34. The company's 50-day simple moving average is $1,231.23 and its 200 day simple moving average is $1,103.91. The firm has a market capitalization of $526.46 billion, a P/E ratio of 52.79, a PEG ratio of 2.09 and a beta of 1.59.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $11.04 billion. During the same quarter in the previous year, the firm posted $4.88 earnings per share. Netflix's quarterly revenue was up 15.9% on a year-over-year basis. As a group, analysts forecast that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

NFLX has been the topic of a number of research analyst reports. Oppenheimer increased their price target on shares of Netflix from $1,200.00 to $1,425.00 and gave the stock an "outperform" rating in a report on Thursday, June 12th. Morgan Stanley reaffirmed an "equal weight" rating on shares of Netflix in a report on Monday, July 21st. Pivotal Research reaffirmed a "buy" rating on shares of Netflix in a report on Thursday, July 10th. The Goldman Sachs Group increased their target price on shares of Netflix from $1,000.00 to $1,140.00 and gave the company a "neutral" rating in a report on Wednesday, July 2nd. Finally, Bank of America increased their target price on shares of Netflix from $1,175.00 to $1,490.00 and gave the company a "buy" rating in a report on Friday, May 30th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $1,297.66.

Insider Activity

In other Netflix news, Director Reed Hastings sold 26,933 shares of Netflix stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $1,211.66, for a total value of $32,633,638.78. Following the completion of the transaction, the director directly owned 394 shares of the company's stock, valued at approximately $477,394.04. The trade was a 98.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Gregory K. Peters sold 2,026 shares of Netflix stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $1,157.44, for a total transaction of $2,344,973.44. Following the completion of the transaction, the chief executive officer directly owned 12,781 shares of the company's stock, valued at $14,793,240.64. This trade represents a 13.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 146,307 shares of company stock valued at $179,443,809 over the last ninety days. 1.37% of the stock is currently owned by corporate insiders.

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.

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