Netflix, Inc. (NASDAQ:NFLX) Stake Raised by WT Wealth Management

WT Wealth Management increased its holdings in Netflix, Inc. (NASDAQ:NFLX) by 1.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,357 shares of the Internet television network’s stock after buying an additional 36 shares during the quarter. WT Wealth Management’s holdings in Netflix were worth $2,565,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in NFLX. Denver PWM LLC acquired a new position in Netflix in the 2nd quarter worth approximately $25,000. Valued Wealth Advisors LLC boosted its holdings in shares of Netflix by 80.0% during the first quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock worth $27,000 after purchasing an additional 20 shares during the period. Indiana Trust & Investment Management CO grew its position in Netflix by 112.0% during the first quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock valued at $32,000 after purchasing an additional 28 shares in the last quarter. Proffitt & Goodson Inc. increased its stake in Netflix by 380.0% in the 2nd quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock valued at $32,000 after buying an additional 38 shares during the period. Finally, AlphaMark Advisors LLC lifted its position in Netflix by 642.9% in the 2nd quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock worth $35,000 after buying an additional 45 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Netflix news, CEO Gregory K. Peters sold 4,186 shares of the firm’s stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $750.00, for a total value of $3,139,500.00. Following the completion of the transaction, the chief executive officer now directly owns 13,090 shares in the company, valued at $9,817,500. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CEO Gregory K. Peters sold 4,186 shares of the firm’s stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $750.00, for a total value of $3,139,500.00. Following the completion of the sale, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at $9,817,500. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Chairman Reed Hastings sold 25,599 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $631.43, for a total transaction of $16,163,976.57. Following the completion of the transaction, the chairman now directly owns 57 shares in the company, valued at $35,991.51. 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 quarter, insiders have sold 229,711 shares of company stock worth $153,905,830. Corporate insiders own 1.76% of the company’s stock.

Netflix Stock Down 0.8 %

Shares of NFLX traded down $6.47 during mid-day trading on Tuesday, hitting $765.60. 2,145,574 shares of the company’s stock were exchanged, compared to its average volume of 3,727,123. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.95 and a quick ratio of 0.95. Netflix, Inc. has a 52 week low of $395.62 and a 52 week high of $773.00. The company has a market cap of $329.97 billion, a PE ratio of 53.21, a P/E/G ratio of 1.49 and a beta of 1.26. The company has a 50-day simple moving average of $699.16 and a 200 day simple moving average of $656.21.

Analyst Ratings Changes

NFLX has been the subject of several recent research reports. Piper Sandler reissued an “overweight” rating and issued a $840.00 price target (up previously from $800.00) on shares of Netflix in a research note on Friday. Wolfe Research reaffirmed an “outperform” rating on shares of Netflix in a report on Friday. Needham & Company LLC raised their price objective on shares of Netflix from $700.00 to $800.00 and gave the stock a “buy” rating in a research note on Friday. Macquarie reiterated an “outperform” rating and set a $795.00 target price on shares of Netflix in a research note on Friday. Finally, Bank of America raised their price target on shares of Netflix from $740.00 to $800.00 and gave the stock a “buy” rating in a research report on Friday. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have given a buy rating to the company. Based on data from MarketBeat.com, the stock 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.