Bernardo Wealth Planning LLC Buys Shares of 500 Netflix, Inc. (NASDAQ:NFLX)

Bernardo Wealth Planning LLC purchased a new position in shares of Netflix, Inc. (NASDAQ:NFLX) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 500 shares of the Internet television network’s stock, valued at approximately $344,000.

Several other hedge funds and other institutional investors have also modified their holdings of NFLX. GQG Partners LLC acquired a new stake in shares of Netflix in the first quarter valued at $1,450,476,000. Jennison Associates LLC raised its holdings in Netflix by 17.0% in the first quarter. Jennison Associates LLC now owns 6,381,464 shares of the Internet television network’s stock valued at $3,875,655,000 after acquiring an additional 929,193 shares in the last quarter. Global Assets Advisory LLC purchased a new position in Netflix in the first quarter worth approximately $436,514,000. Jericho Capital Asset Management L.P. acquired a new position in Netflix during the 1st quarter worth approximately $372,293,000. Finally, Swedbank AB purchased a new stake in shares of Netflix in the 1st quarter valued at approximately $216,538,000. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Netflix news, Director Leslie J. Kilgore sold 383 shares of the firm’s stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $730.00, for a total transaction of $279,590.00. Following the sale, the director now directly owns 35,262 shares of the company’s stock, valued at $25,741,260. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Gregory K. Peters sold 1,278 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $614.44, for a total transaction of $785,254.32. Following the completion of the transaction, the chief executive officer now owns 13,090 shares of the company’s stock, valued at $8,043,019.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Leslie J. Kilgore sold 383 shares of the stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of $730.00, for a total transaction of $279,590.00. Following the transaction, the director now owns 35,262 shares in the company, valued at approximately $25,741,260. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 225,167 shares of company stock valued at $150,492,460. Corporate insiders own 1.76% of the company’s stock.

Netflix Stock Up 11.1 %

NFLX stock opened at $763.89 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.55. The company’s 50-day moving average price is $696.38 and its 200 day moving average price is $654.94. Netflix, Inc. has a 52 week low of $392.26 and a 52 week high of $766.28. The company has a market cap of $329.24 billion, a P/E ratio of 53.01, a P/E/G ratio of 1.49 and a beta of 1.26.

Netflix (NASDAQ:NFLX) last announced its quarterly 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 business had revenue of $9.56 billion during the quarter, compared to analysts’ expectations of $9.53 billion. Netflix had a return on equity of 32.93% and a net margin of 19.54%. The business’s revenue for the quarter was up 16.8% on a year-over-year basis. During the same quarter last year, the business posted $3.29 earnings per share. On average, research analysts expect that Netflix, Inc. will post 19.08 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on NFLX shares. Pivotal Research lifted their price objective on shares of Netflix from $900.00 to $925.00 and gave the stock a “buy” rating in a research report on Friday. Sanford C. Bernstein lifted their price target on Netflix from $625.00 to $780.00 and gave the stock a “market perform” rating in a report on Friday. Argus raised their target price on Netflix from $660.00 to $767.00 and gave the stock a “buy” rating in a research report on Tuesday, July 2nd. Morgan Stanley boosted their target price on Netflix from $820.00 to $830.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Canaccord Genuity Group increased their price target on shares of Netflix from $750.00 to $760.00 and gave the company a “hold” 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, Netflix has a consensus rating of “Moderate Buy” and a consensus price target of $747.70.

About Netflix

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.