423 Shares in Netflix, Inc. (NASDAQ:NFLX) Acquired by Consilio Wealth Advisors LLC

Consilio Wealth Advisors LLC bought a new stake in Netflix, Inc. (NASDAQ:NFLX) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 423 shares of the Internet television network’s stock, valued at approximately $257,000.

Several other large investors have also modified their holdings of the business. Norges Bank purchased a new stake in shares of Netflix in the 4th quarter valued at $2,558,598,000. Wellington Management Group LLP increased its stake in Netflix by 540.9% during the fourth quarter. Wellington Management Group LLP now owns 3,878,785 shares of the Internet television network’s stock worth $1,888,503,000 after purchasing an additional 3,273,592 shares during the period. International Assets Investment Management LLC lifted its position in shares of Netflix by 15,039.1% during the fourth quarter. International Assets Investment Management LLC now owns 2,075,569 shares of the Internet television network’s stock worth $1,010,553,000 after purchasing an additional 2,061,859 shares in the last quarter. Jennison Associates LLC boosted its stake in shares of Netflix by 40.6% in the fourth quarter. Jennison Associates LLC now owns 5,452,271 shares of the Internet television network’s stock valued at $2,654,602,000 after purchasing an additional 1,573,978 shares during the period. Finally, Global Assets Advisory LLC acquired a new position in shares of Netflix in the first quarter valued at approximately $436,514,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analyst Ratings Changes

NFLX has been the subject of several recent research reports. Loop Capital raised their price target on shares of Netflix from $700.00 to $750.00 and gave the company a “buy” rating in a research report on Tuesday, June 18th. Oppenheimer reissued an “outperform” rating and set a $725.00 target price on shares of Netflix in a research note on Friday, April 19th. Morgan Stanley increased their price target on Netflix from $600.00 to $700.00 and gave the company an “overweight” rating in a research report on Friday, April 12th. Rosenblatt Securities boosted their price objective on Netflix from $540.00 to $554.00 and gave the stock a “neutral” rating in a research report on Friday, May 17th. Finally, Piper Sandler raised their target price on shares of Netflix from $550.00 to $600.00 and gave the company a “neutral” rating in a report 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 assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $633.53.

Netflix Price Performance

Shares of NFLX stock traded down $1.27 during midday trading on Monday, reaching $673.61. 2,211,181 shares of the company traded hands, compared to its average volume of 3,977,779. The firm’s 50 day simple moving average is $628.93 and its two-hundred day simple moving average is $585.07. The firm has a market cap of $290.33 billion, a PE ratio of 46.75, a price-to-earnings-growth ratio of 1.46 and a beta of 1.27. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.07 and a quick ratio of 1.07. Netflix, Inc. has a 1-year low of $344.73 and a 1-year high of $689.88.

Netflix (NASDAQ:NFLX) last posted its earnings results 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. The company had revenue of $9.37 billion for the quarter, compared to the consensus estimate of $9.28 billion. Netflix had a return on equity of 29.62% and a net margin of 18.42%. Netflix’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same period in the previous year, the business earned $2.88 earnings per share. On average, equities research analysts expect that Netflix, Inc. will post 18.31 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Chairman Reed Hastings sold 18,361 shares of the stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $551.54, for a total value of $10,126,825.94. Following the sale, the chairman now directly owns 28 shares in the company, valued at $15,443.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Netflix news, CEO Gregory K. Peters sold 4,783 shares of the company’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 directly owns 13,090 shares in the company, valued at approximately $8,835,750. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Reed Hastings sold 18,361 shares of Netflix stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $551.54, for a total transaction of $10,126,825.94. Following the sale, the chairman now owns 28 shares of the company’s stock, valued at $15,443.12. The disclosure for this sale can be found here. Over the last quarter, insiders sold 48,859 shares of company stock worth $29,365,893. Insiders own 1.76% of the company’s stock.

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.