AA Financial Advisors LLC Grows Stake in Netflix, Inc. (NASDAQ:NFLX)

AA Financial Advisors LLC grew its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 140.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,016 shares of the Internet television network’s stock after buying an additional 593 shares during the period. AA Financial Advisors LLC’s holdings in Netflix were worth $721,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in NFLX. Seamount Financial Group Inc. bought a new stake in Netflix in the third quarter valued at $220,000. Etesian Wealth Advisors Inc. lifted its position in shares of Netflix by 12.3% in the 3rd quarter. Etesian Wealth Advisors Inc. now owns 1,473 shares of the Internet television network’s stock worth $1,045,000 after purchasing an additional 161 shares during the period. Integris Wealth Management LLC increased its position in shares of Netflix by 11.6% during the third quarter. Integris Wealth Management LLC now owns 337 shares of the Internet television network’s stock valued at $239,000 after buying an additional 35 shares during the period. Key Client Fiduciary Advisors LLC bought a new position in Netflix in the third quarter worth about $272,000. Finally, TriaGen Wealth Management LLC bought a new position in Netflix in the third quarter worth about $1,940,000. 80.93% of the stock is owned by hedge funds and other institutional investors.

Netflix Price Performance

NASDAQ NFLX opened at $763.89 on Friday. The stock has a market capitalization of $329.24 billion, a price-to-earnings ratio of 53.01, a PEG ratio of 1.49 and a beta of 1.26. Netflix, Inc. has a 1-year low of $392.26 and a 1-year high of $766.28. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.95 and a quick ratio of 0.95. The business’s fifty day moving average price is $696.38 and its 200-day moving average price is $654.94.

Netflix (NASDAQ:NFLX) last posted its earnings results on Thursday, July 18th. The Internet television network reported $4.88 earnings per share for the quarter, beating analysts’ consensus estimates of $4.74 by $0.14. The company had revenue of $9.56 billion for the quarter, compared to the consensus estimate of $9.53 billion. Netflix had a return on equity of 32.93% and a net margin of 19.54%. Netflix’s revenue was up 16.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.29 earnings per share. On average, equities analysts predict that Netflix, Inc. will post 19.08 earnings per share for the current year.

Analysts Set New Price Targets

NFLX has been the topic of a number of research analyst reports. Morgan Stanley upped their target price on Netflix from $820.00 to $830.00 and gave the stock an “overweight” rating in a report on Friday. Piper Sandler reaffirmed an “overweight” rating and issued a $840.00 price target (up from $800.00) on shares of Netflix in a research note on Friday. Wedbush raised their price objective on Netflix from $725.00 to $775.00 and gave the company an “overweight” rating in a research report on Thursday. Needham & Company LLC boosted their target price on shares of Netflix from $700.00 to $800.00 and gave the company a “buy” rating in a report on Friday. Finally, TD Cowen increased their price target on shares of Netflix from $820.00 to $835.00 and gave the stock a “buy” rating in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $747.70.

Insider Activity

In related news, CFO Spencer Adam Neumann sold 433 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $626.19, for a total value of $271,140.27. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Netflix news, CFO Spencer Adam Neumann sold 433 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $626.19, for a total value of $271,140.27. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Reed Hastings sold 25,599 shares of Netflix stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $631.43, for a total transaction of $16,163,976.57. Following the transaction, the chairman now owns 57 shares in the company, valued at $35,991.51. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 225,167 shares of company stock valued at $150,492,460 in the last quarter. 1.76% of the stock is currently owned by insiders.

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.