Netflix, Inc. (NASDAQ:NFLX) Holdings Increased by Wealthfront Advisers LLC

Wealthfront Advisers LLC lifted its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 2.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 73,179 shares of the Internet television network's stock after acquiring an additional 1,429 shares during the quarter. Wealthfront Advisers LLC's holdings in Netflix were worth $68,242,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of NFLX. Fullcircle Wealth LLC raised its stake in shares of Netflix by 2.5% in the 1st quarter. Fullcircle Wealth LLC now owns 369 shares of the Internet television network's stock valued at $344,000 after acquiring an additional 9 shares during the period. MRP Capital Investments LLC raised its stake in shares of Netflix by 1.0% in the 4th quarter. MRP Capital Investments LLC now owns 1,052 shares of the Internet television network's stock valued at $938,000 after acquiring an additional 10 shares during the period. Bedell Frazier Investment Counselling LLC raised its stake in shares of Netflix by 2.2% in the 4th quarter. Bedell Frazier Investment Counselling LLC now owns 462 shares of the Internet television network's stock valued at $412,000 after acquiring an additional 10 shares during the period. Mission Creek Capital Partners Inc. raised its stake in shares of Netflix by 0.3% in the 4th quarter. Mission Creek Capital Partners Inc. now owns 3,826 shares of the Internet television network's stock valued at $3,410,000 after acquiring an additional 10 shares during the period. Finally, Continuum Wealth Advisors LLC raised its stake in shares of Netflix by 4.4% in the 1st quarter. Continuum Wealth Advisors LLC now owns 235 shares of the Internet television network's stock valued at $219,000 after acquiring an additional 10 shares during the period. Institutional investors and hedge funds own 80.93% of the company's stock.

Netflix Stock Performance

Shares of NASDAQ NFLX traded down $66.09 during midday trading on Friday, hitting $1,208.08. The company's stock had a trading volume of 9,285,867 shares, compared to its average volume of 3,797,755. Netflix, Inc. has a 1-year low of $587.04 and a 1-year high of $1,341.15. The firm's fifty day moving average price is $1,231.20 and its 200-day moving average price is $1,058.57. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.20 and a current ratio of 1.20. The firm has a market cap of $514.12 billion, a P/E ratio of 57.06, a P/E/G ratio of 2.26 and a beta of 1.59.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, beating the consensus estimate of $7.07 by $0.12. The business had revenue of $11.08 billion during the quarter, compared to analyst estimates of $11.04 billion. Netflix had a net margin of 23.07% and a return on equity of 39.61%. The company's quarterly revenue was up 15.9% on a year-over-year basis. During the same period in the previous year, the business posted $4.88 EPS. On average, sell-side analysts forecast that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Wall Street Analyst Weigh In

NFLX has been the topic of a number of research reports. Moffett Nathanson reissued a "buy" rating and issued a $1,150.00 target price (up previously from $1,100.00) on shares of Netflix in a research note on Friday, April 18th. FBN Securities initiated coverage on shares of Netflix in a research note on Thursday, March 27th. They issued an "outperform" rating and a $1,165.00 target price on the stock. Morgan Stanley raised their target price on shares of Netflix from $1,450.00 to $1,500.00 and gave the company an "overweight" rating in a research note on Friday. BMO Capital Markets reaffirmed an "outperform" rating and set a $1,425.00 price target (up previously from $1,200.00) on shares of Netflix in a research note on Tuesday. Finally, Canaccord Genuity Group reaffirmed a "buy" rating on shares of Netflix in a research note on Thursday, July 10th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Netflix has a consensus rating of "Moderate Buy" and a consensus price target of $1,275.30.

Insider Activity

In other Netflix news, CFO Spencer Adam Neumann sold 2,601 shares of the business's stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $1,132.38, for a total transaction of $2,945,320.38. Following the completion of the transaction, the chief financial officer directly owned 3,691 shares of the company's stock, valued at $4,179,614.58. The trade was a 41.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Reed Hastings sold 26,977 shares of the business's stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $1,133.05, for a total transaction of $30,566,289.85. Following the transaction, the director directly owned 394 shares of the company's stock, valued at $446,421.70. The trade was a 98.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 186,723 shares of company stock valued at $223,307,201. Company insiders own 1.37% of the company's stock.

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.