Wealthcare Advisory Partners LLC Has $2 Million Stake in Netflix, Inc. (NASDAQ:NFLX)

Wealthcare Advisory Partners LLC increased its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 11.4% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,148 shares of the Internet television network's stock after purchasing an additional 220 shares during the period. Wealthcare Advisory Partners LLC's holdings in Netflix were worth $2,003,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Capital & Planning LLC bought a new position in Netflix in the 4th quarter worth approximately $809,000. Brighton Jones LLC increased its stake 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 valued at $4,804,000 after buying an additional 257 shares during the period. Union Bancaire Privee UBP SA bought a new stake in shares of Netflix during the fourth quarter worth $12,212,000. Revolve Wealth Partners LLC raised its position in shares of Netflix by 16.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network's stock worth $912,000 after acquiring an additional 144 shares during the last quarter. Finally, Mill Creek Capital Advisors LLC bought a new stake in shares of Netflix during the fourth quarter worth $276,000. Institutional investors own 80.93% of the company's stock.

Netflix Stock Down 0.1%

Netflix stock traded down $0.94 during mid-day trading on Friday, reaching $1,214.09. The company's stock had a trading volume of 1,384,809 shares, compared to its average volume of 3,753,255. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. Netflix, Inc. has a 12 month low of $587.04 and a 12 month high of $1,262.81. The business's 50 day simple moving average is $1,113.54 and its 200 day simple moving average is $996.91. The company has a market capitalization of $516.68 billion, a price-to-earnings ratio of 61.26, a price-to-earnings-growth ratio of 2.12 and a beta of 1.59.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, beating the consensus estimate of $5.74 by $0.87. The company had revenue of $10.54 billion during the quarter, compared to analysts' expectations of $10.51 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. During the same quarter last year, the company earned $8.28 EPS. As a group, research analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on NFLX. Loop Capital reissued a "hold" rating on shares of Netflix in a report on Monday, March 24th. Moffett Nathanson reiterated a "buy" rating and set a $1,150.00 price target (up previously from $1,100.00) on shares of Netflix in a research report on Friday, April 18th. Pivotal Research increased their price objective on shares of Netflix from $1,250.00 to $1,350.00 and gave the company a "buy" rating in a report on Monday, April 21st. Needham & Company LLC reaffirmed a "buy" rating and issued a $1,126.00 price objective on shares of Netflix in a research note on Thursday, April 17th. Finally, Morgan Stanley upped their target price on shares of Netflix from $1,150.00 to $1,200.00 and gave the company an "overweight" rating in a research report on Monday, April 21st. Eleven investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Netflix presently has a consensus rating of "Moderate Buy" and an average target price of $1,156.73.

Insiders Place Their Bets

In other Netflix news, CAO Jeffrey William Karbowski sold 160 shares of the firm's stock in a transaction on Monday, April 21st. The stock was sold at an average price of $1,000.00, for a total transaction of $160,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Ann Mather sold 1,090 shares of the company's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $1,250.00, for a total transaction of $1,362,500.00. The disclosure for this sale can be found here. Insiders have sold 185,140 shares of company stock valued at $210,271,552 in the last 90 days. 1.37% of the stock is currently owned by insiders.

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.