Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Etesian Wealth Advisors Inc.

Etesian Wealth Advisors Inc. trimmed its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 1.4% in the first quarter, HoldingsChannel reports. The firm owned 1,312 shares of the Internet television network’s stock after selling 19 shares during the period. Etesian Wealth Advisors Inc.’s holdings in Netflix were worth $797,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. KFA Private Wealth Group LLC grew its position in Netflix by 1.9% in the fourth quarter. KFA Private Wealth Group LLC now owns 958 shares of the Internet television network’s stock worth $466,000 after acquiring an additional 18 shares in the last quarter. Legacy Capital Group California Inc. grew its position in Netflix by 0.6% in the fourth quarter. Legacy Capital Group California Inc. now owns 2,833 shares of the Internet television network’s stock worth $1,379,000 after acquiring an additional 18 shares in the last quarter. Founders Financial Alliance LLC grew its position in Netflix by 2.4% in the fourth quarter. Founders Financial Alliance LLC now owns 757 shares of the Internet television network’s stock worth $369,000 after acquiring an additional 18 shares in the last quarter. Addison Advisors LLC grew its position in Netflix by 7.8% in the fourth quarter. Addison Advisors LLC now owns 276 shares of the Internet television network’s stock worth $134,000 after acquiring an additional 20 shares in the last quarter. Finally, Regent Peak Wealth Advisors LLC grew its position in Netflix by 1.6% in the fourth quarter. Regent Peak Wealth Advisors LLC now owns 1,304 shares of the Internet television network’s stock worth $635,000 after acquiring an additional 21 shares in the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Netflix news, insider David A. Hyman sold 268 shares of the stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $593.62, for a total transaction of $159,090.16. Following the sale, the insider now owns 31,610 shares of the company’s stock, valued at approximately $18,764,328.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Gregory K. Peters sold 4,783 shares of the firm’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $675.00, for a total value of $3,228,525.00. Following the transaction, the chief executive officer now owns 13,090 shares of the company’s stock, valued at approximately $8,835,750. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David A. Hyman sold 268 shares of the firm’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $593.62, for a total transaction of $159,090.16. Following the completion of the transaction, the insider now directly owns 31,610 shares in the company, valued at approximately $18,764,328.20. The disclosure for this sale can be found here. Insiders have sold a total of 69,425 shares of company stock valued at $41,919,791 in the last 90 days. 1.76% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts recently issued reports on NFLX shares. Rosenblatt Securities upped their price objective on shares of Netflix from $540.00 to $554.00 and gave the stock a “neutral” rating in a report on Friday, May 17th. Canaccord Genuity Group reaffirmed a “hold” rating and set a $585.00 price objective (down from $720.00) on shares of Netflix in a report on Friday, April 19th. Evercore ISI upped their price objective on shares of Netflix from $650.00 to $700.00 and gave the stock an “outperform” rating in a report on Tuesday, May 28th. Pivotal Research upped their price objective on shares of Netflix from $765.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, April 19th. Finally, Guggenheim upped their price objective on shares of Netflix from $600.00 to $700.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-three have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $633.53.

Netflix Price Performance

NASDAQ:NFLX traded up $6.19 during mid-day trading on Wednesday, reaching $678.60. 1,716,701 shares of the company were exchanged, compared to its average volume of 3,994,807. Netflix, Inc. has a 12 month low of $344.73 and a 12 month high of $689.88. The company has a fifty day moving average of $623.78 and a 200 day moving average of $580.61. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.62. The stock has a market cap of $292.48 billion, a PE ratio of 47.02, a PEG ratio of 1.45 and a beta of 1.26.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Thursday, April 18th. The Internet television network reported $5.28 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $9.28 billion. During the same quarter in the prior year, the firm earned $2.88 EPS. The company’s revenue was up 14.8% on a year-over-year basis. On average, research analysts anticipate that Netflix, Inc. will post 18.31 EPS for the current fiscal year.

Netflix 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.