Netflix, Inc. (NASDAQ:NFLX) Shares Purchased by WJ Wealth Management LLC

WJ Wealth Management LLC grew its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 2.1% during the 1st quarter, Holdings Channel reports. The firm owned 1,786 shares of the Internet television network’s stock after purchasing an additional 36 shares during the period. WJ Wealth Management LLC’s holdings in Netflix were worth $1,085,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Columbia Trust Co 01012016 lifted its holdings in Netflix by 15.3% in the 4th quarter. Columbia Trust Co 01012016 now owns 1,566 shares of the Internet television network’s stock valued at $762,000 after acquiring an additional 208 shares during the last quarter. Crumly & Associates Inc. lifted its stake in Netflix by 4.1% during the fourth quarter. Crumly & Associates Inc. now owns 2,105 shares of the Internet television network’s stock valued at $1,025,000 after purchasing an additional 83 shares during the last quarter. Venture Visionary Partners LLC boosted its holdings in Netflix by 15.4% during the fourth quarter. Venture Visionary Partners LLC now owns 9,849 shares of the Internet television network’s stock worth $4,795,000 after buying an additional 1,318 shares in the last quarter. Sandy Cove Advisors LLC grew its position in Netflix by 10.6% in the fourth quarter. Sandy Cove Advisors LLC now owns 1,187 shares of the Internet television network’s stock worth $578,000 after buying an additional 114 shares during the last quarter. Finally, Malaga Cove Capital LLC increased its holdings in shares of Netflix by 25.4% in the fourth quarter. Malaga Cove Capital LLC now owns 1,562 shares of the Internet television network’s stock valued at $761,000 after buying an additional 316 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

Netflix Stock Performance

NFLX stock traded down $9.46 during midday trading on Friday, hitting $674.88. 3,412,391 shares of the company traded hands, compared to its average volume of 2,746,538. The business has a 50 day simple moving average of $628.93 and a 200-day simple moving average of $585.07. 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 twelve month low of $344.73 and a twelve month high of $689.88. The stock has a market capitalization of $290.87 billion, a price-to-earnings ratio of 46.83, a price-to-earnings-growth ratio of 1.46 and a beta of 1.26.

Netflix (NASDAQ:NFLX) last posted its earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share (EPS) for the quarter, beating 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 business had revenue of $9.37 billion for the quarter, compared to analyst estimates of $9.28 billion. During the same period last year, the business posted $2.88 EPS. Netflix’s revenue was up 14.8% compared to the same quarter last year. As a group, equities research analysts predict that Netflix, Inc. will post 18.31 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on NFLX. Pivotal Research lifted their target price on Netflix from $765.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, April 19th. Citigroup boosted their price objective on Netflix from $555.00 to $660.00 and gave the stock a “neutral” rating in a report on Monday, March 25th. Bank of America raised their target price on shares of Netflix from $650.00 to $700.00 and gave the stock a “buy” rating in a report on Friday, April 19th. Guggenheim boosted their price target on shares of Netflix from $600.00 to $700.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Finally, Morgan Stanley raised their price objective on shares of Netflix from $600.00 to $700.00 and gave the stock an “overweight” rating in a research note on Friday, April 12th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $633.53.

Insider Buying and Selling

In other news, insider David A. Hyman sold 268 shares of the stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $593.62, for a total value of $159,090.16. Following the completion of the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at $18,764,328.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider David A. Hyman sold 268 shares of the business’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 transaction, the insider now owns 31,610 shares in the company, valued at approximately $18,764,328.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Spencer Adam Neumann sold 564 shares of the stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $613.08, for a total transaction of $345,777.12. The disclosure for this sale can be found here. In the last 90 days, insiders sold 69,425 shares of company stock valued at $41,919,791. Insiders own 1.76% of the company’s stock.

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.