Aviso Wealth Management Acquires 54 Shares of Netflix, Inc. (NASDAQ:NFLX)

Aviso Wealth Management raised its holdings in Netflix, Inc. (NASDAQ:NFLX) by 0.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,379 shares of the Internet television network’s stock after buying an additional 54 shares during the quarter. Netflix accounts for 4.4% of Aviso Wealth Management’s investment portfolio, making the stock its 3rd largest holding. Aviso Wealth Management’s holdings in Netflix were worth $8,071,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. New World Advisors LLC grew its position in shares of Netflix by 2.0% in the 3rd quarter. New World Advisors LLC now owns 724 shares of the Internet television network’s stock worth $514,000 after buying an additional 14 shares during the last quarter. Heartland Bank & Trust Co grew its position in shares of Netflix by 0.9% in the 2nd quarter. Heartland Bank & Trust Co now owns 1,770 shares of the Internet television network’s stock worth $1,195,000 after buying an additional 15 shares during the last quarter. Cedrus LLC grew its position in shares of Netflix by 0.8% in the 3rd quarter. Cedrus LLC now owns 1,781 shares of the Internet television network’s stock worth $1,263,000 after buying an additional 15 shares during the last quarter. Capstone Triton Financial Group LLC grew its position in shares of Netflix by 0.6% in the 3rd quarter. Capstone Triton Financial Group LLC now owns 2,421 shares of the Internet television network’s stock worth $1,717,000 after buying an additional 15 shares during 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 buying an additional 16 shares during the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Netflix Stock Performance

NASDAQ:NFLX opened at $823.96 on Monday. The stock has a 50-day simple moving average of $735.77 and a two-hundred day simple moving average of $681.37. Netflix, Inc. has a 52-week low of $445.73 and a 52-week high of $841.00. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a market capitalization of $352.21 billion, a PE ratio of 46.63, a P/E/G ratio of 1.59 and a beta of 1.25.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.09 by $0.31. The business had revenue of $9.82 billion during the quarter, compared to analyst estimates of $9.77 billion. Netflix had a return on equity of 35.86% and a net margin of 20.70%. Analysts forecast that Netflix, Inc. will post 19.78 EPS for the current year.

Analyst Upgrades and Downgrades

NFLX has been the topic of a number of recent analyst reports. Canaccord Genuity Group lifted their price objective on Netflix from $750.00 to $760.00 and gave the stock a “hold” rating in a research report on Friday, October 18th. Benchmark reiterated a “sell” rating and set a $545.00 price objective on shares of Netflix in a research note on Tuesday, October 15th. UBS Group lifted their price objective on Netflix from $750.00 to $825.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Wedbush lifted their price objective on Netflix from $725.00 to $775.00 and gave the company an “overweight” rating in a research note on Thursday, October 17th. Finally, Bank of America lifted their price objective on Netflix from $740.00 to $800.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $748.15.

Insider Transactions at Netflix

In other news, Chairman Reed Hastings sold 45,290 shares of the company’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $706.16, for a total value of $31,981,986.40. Following the completion of the transaction, the chairman now owns 85 shares of the company’s stock, valued at $60,023.60. This represents a 99.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider David A. Hyman sold 13,791 shares of the company’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $700.00, for a total value of $9,653,700.00. Following the completion of the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at approximately $22,127,000. This trade represents a 30.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 205,084 shares of company stock valued at $146,747,101 over the last 90 days. Company insiders own 1.76% of the company’s stock.

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.