WealthPlan Investment Management LLC Boosts Holdings in Netflix, Inc. (NASDAQ:NFLX)

WealthPlan Investment Management LLC raised its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 5.2% during the third quarter, HoldingsChannel.com reports. The firm owned 1,829 shares of the Internet television network’s stock after buying an additional 90 shares during the period. WealthPlan Investment Management LLC’s holdings in Netflix were worth $1,297,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in NFLX. New World Advisors LLC lifted its holdings in shares of Netflix by 2.0% during the 3rd quarter. New World Advisors LLC now owns 724 shares of the Internet television network’s stock worth $514,000 after acquiring an additional 14 shares during the period. Heartland Bank & Trust Co lifted its position in shares of Netflix by 0.9% during the second quarter. Heartland Bank & Trust Co now owns 1,770 shares of the Internet television network’s stock worth $1,195,000 after purchasing an additional 15 shares in the last quarter. Cedrus LLC boosted its position in Netflix by 0.8% in the 3rd quarter. Cedrus LLC now owns 1,781 shares of the Internet television network’s stock valued at $1,263,000 after buying an additional 15 shares during the last quarter. Capstone Triton Financial Group LLC grew its stake in Netflix by 0.6% in the third quarter. Capstone Triton Financial Group LLC now owns 2,421 shares of the Internet television network’s stock worth $1,717,000 after purchasing an additional 15 shares in the last quarter. Finally, Meritas Wealth Management LLC grew its position in shares of Netflix by 2.9% in the 3rd quarter. Meritas Wealth Management LLC now owns 573 shares of the Internet television network’s stock worth $406,000 after acquiring an additional 16 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Analyst Upgrades and Downgrades

NFLX has been the subject of several research reports. Canaccord Genuity Group lifted their price target on shares of Netflix from $750.00 to $760.00 and gave the company a “hold” rating in a report on Friday, October 18th. Oppenheimer upped their price objective on shares of Netflix from $775.00 to $825.00 and gave the stock an “outperform” rating in a report on Friday, October 18th. Wolfe Research restated an “outperform” rating on shares of Netflix in a research report on Friday, October 18th. Benchmark reiterated a “sell” rating and issued a $545.00 price objective on shares of Netflix in a report on Tuesday, October 15th. Finally, JPMorgan Chase & Co. lifted their price target on Netflix from $750.00 to $850.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-five have given a buy rating to the company’s stock. According to MarketBeat, Netflix presently has an average rating of “Moderate Buy” and an average price target of $748.15.

Netflix Price Performance

Netflix stock opened at $805.44 on Tuesday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $344.29 billion, a P/E ratio of 45.58, a PEG ratio of 1.53 and a beta of 1.25. The business has a 50-day moving average of $723.63 and a 200-day moving average of $673.70. Netflix, Inc. has a 1 year low of $442.60 and a 1 year high of $806.82.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, topping analysts’ consensus estimates of $5.09 by $0.31. The company had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.77 billion. Netflix had a net margin of 20.70% and a return on equity of 35.86%. On average, equities analysts anticipate that Netflix, Inc. will post 19.78 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Spencer Adam Neumann sold 433 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $772.10, for a total value of $334,319.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider David A. Hyman sold 267 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $765.67, for a total transaction of $204,433.89. Following the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at approximately $24,202,828.70. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Spencer Adam Neumann sold 433 shares of Netflix stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $772.10, for a total transaction of $334,319.30. The disclosure for this sale can be found here. Insiders have sold 204,437 shares of company stock valued at $146,229,378 in the last 90 days. 1.76% of the stock is currently owned by insiders.

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.