Beaird Harris Wealth Management LLC Has $32,000 Stake in Netflix, Inc. (NASDAQ:NFLX)

Beaird Harris Wealth Management LLC increased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 1,550.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 66 shares of the Internet television network’s stock after acquiring an additional 62 shares during the period. Beaird Harris Wealth Management LLC’s holdings in Netflix were worth $32,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Syon Capital LLC raised its position in Netflix by 17.8% during the fourth quarter. Syon Capital LLC now owns 4,785 shares of the Internet television network’s stock worth $2,330,000 after acquiring an additional 722 shares in the last quarter. Teachers Retirement System of The State of Kentucky raised its position in Netflix by 14.9% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 116,999 shares of the Internet television network’s stock worth $56,964,000 after acquiring an additional 15,186 shares in the last quarter. Scarborough Advisors LLC bought a new stake in Netflix during the fourth quarter worth $9,513,000. Proathlete Wealth Management LLC bought a new stake in Netflix during the fourth quarter worth $674,000. Finally, Raleigh Capital Management Inc. raised its position in Netflix by 47.9% during the fourth quarter. Raleigh Capital Management Inc. now owns 247 shares of the Internet television network’s stock worth $120,000 after acquiring an additional 80 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Trading Up 2.5 %

Netflix stock traded up $16.12 during mid-day trading on Friday, hitting $669.38. 4,447,116 shares of the stock were exchanged, compared to its average volume of 2,549,279. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.62. Netflix, Inc. has a 12 month low of $344.73 and a 12 month high of $675.58. The firm’s fifty day simple moving average is $615.54 and its two-hundred day simple moving average is $569.03. The stock has a market capitalization of $288.50 billion, a price-to-earnings ratio of 46.45, a PEG ratio of 1.45 and a beta of 1.26.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.51 by $0.77. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The firm had revenue of $9.37 billion during the quarter, compared to analyst estimates of $9.28 billion. During the same quarter last year, the business earned $2.88 EPS. The company’s revenue was up 14.8% compared to the same quarter last year. Analysts forecast that Netflix, Inc. will post 18.31 EPS for the current year.

Insiders Place Their Bets

In related news, Chairman Reed Hastings sold 19,943 shares of the business’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $633.58, for a total transaction of $12,635,485.94. Following the transaction, the chairman now owns 57 shares in the company, valued at approximately $36,114.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Chairman Reed Hastings sold 19,943 shares of the business’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $633.58, for a total transaction of $12,635,485.94. Following the transaction, the chairman now owns 57 shares in the company, valued at approximately $36,114.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gregory K. Peters sold 5,352 shares of the business’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $625.00, for a total transaction of $3,345,000.00. Following the transaction, the chief executive officer now owns 13,090 shares in the company, valued at approximately $8,181,250. The disclosure for this sale can be found here. In the last 90 days, insiders sold 69,994 shares of company stock worth $42,036,266. 1.76% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on NFLX shares. Evercore ISI upped their price target on shares of Netflix from $650.00 to $700.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 28th. Guggenheim increased their price objective on shares of Netflix from $600.00 to $700.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Pivotal Research increased their price objective on shares of Netflix from $765.00 to $800.00 and gave the company a “buy” rating in a research report on Friday, April 19th. Wedbush reissued an “outperform” rating and issued a $725.00 price objective on shares of Netflix in a research report on Monday, May 20th. Finally, Wells Fargo & Company increased their price objective on shares of Netflix from $650.00 to $726.00 and gave the company an “overweight” rating in a research report on Friday, April 19th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-three have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $632.06.

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.