Wealthcare Capital Management LLC Takes $272,000 Position in Netflix, Inc. (NASDAQ:NFLX)

Wealthcare Capital Management LLC purchased a new position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 292 shares of the Internet television network's stock, valued at approximately $272,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Brown Shipley& Co Ltd purchased a new stake in Netflix during the 4th quarter worth about $27,000. Pathway Financial Advisers LLC lifted its position in Netflix by 82.4% during the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock worth $27,000 after acquiring an additional 14 shares in the last quarter. Transce3nd LLC acquired a new position in Netflix during the 4th quarter worth approximately $32,000. Pineridge Advisors LLC increased its holdings in Netflix by 4,000.0% during the 4th quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network's stock worth $37,000 after purchasing an additional 40 shares during the last quarter. Finally, Copia Wealth Management purchased a new stake in Netflix during the 4th quarter worth approximately $37,000. Institutional investors and hedge funds own 80.93% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently commented on NFLX. Wedbush restated an "outperform" rating and set a $1,200.00 price objective on shares of Netflix in a research note on Monday, May 5th. Evercore ISI reaffirmed an "outperform" rating on shares of Netflix in a research report on Thursday, May 15th. Robert W. Baird upped their price target on Netflix from $1,200.00 to $1,300.00 and gave the company an "outperform" rating in a research report on Friday, May 16th. Piper Sandler set a $1,150.00 price target on Netflix and gave the stock an "overweight" rating in a research note on Monday, April 21st. Finally, Loop Capital reissued a "hold" rating on shares of Netflix in a report on Monday, March 24th. Eleven investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $1,156.73.

Insider Buying and Selling

In other Netflix news, Director Jay C. Hoag sold 31,750 shares of the business's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $1,252.35, for a total value of $39,762,112.50. Following the completion of the transaction, the director now directly owns 63,040 shares of the company's stock, valued at approximately $78,948,144. The trade was a 33.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Jeffrey William Karbowski sold 160 shares of the business's stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $1,000.00, for a total value of $160,000.00. The disclosure for this sale can be found here. Insiders sold a total of 185,140 shares of company stock valued at $210,271,552 over the last three months. Company insiders own 1.37% of the company's stock.

Netflix Price Performance

Shares of Netflix stock traded down $2.88 during midday trading on Friday, hitting $1,212.15. 2,209,188 shares of the company were exchanged, compared to its average volume of 3,763,911. The firm has a 50 day simple moving average of $1,113.54 and a 200-day simple moving average of $996.91. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. Netflix, Inc. has a 52 week low of $587.04 and a 52 week high of $1,262.81. The firm has a market cap of $515.86 billion, a P/E ratio of 61.13, a PEG ratio of 2.12 and a beta of 1.59.

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

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.