Beaird Harris Wealth Management LLC Decreases Position in Netflix, Inc. (NASDAQ:NFLX)

Beaird Harris Wealth Management LLC decreased its stake in Netflix, Inc. (NASDAQ:NFLX) by 46.9% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 51 shares of the Internet television network’s stock after selling 45 shares during the quarter. Beaird Harris Wealth Management LLC’s holdings in Netflix were worth $36,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Denver PWM LLC bought a new position in Netflix during the second quarter valued at $25,000. RPg Family Wealth Advisory LLC purchased a new position in shares of Netflix during the 3rd quarter worth about $25,000. Proffitt & Goodson Inc. grew its holdings in Netflix by 380.0% during the 2nd quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock valued at $32,000 after purchasing an additional 38 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. raised its position in Netflix by 700.0% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after purchasing an additional 42 shares during the period. Finally, MidAtlantic Capital Management Inc. bought a new stake in Netflix in the third quarter worth about $37,000. Institutional investors own 80.93% of the company’s stock.

Insider Buying and Selling at Netflix

In related news, CEO Gregory K. Peters sold 4,392 shares of the business’s stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $725.00, for a total transaction of $3,184,200.00. Following the completion of the transaction, the chief executive officer now directly owns 13,090 shares in the company, valued at $9,490,250. The trade was a 25.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Timothy M. Haley sold 11,090 shares of the stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $757.96, for a total value of $8,405,776.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 165,405 shares of company stock worth $129,623,487. 1.76% of the stock is currently owned by insiders.

Netflix Stock Down 0.7 %

NASDAQ:NFLX opened at $918.87 on Friday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. Netflix, Inc. has a twelve month low of $461.86 and a twelve month high of $941.75. The company has a market cap of $392.78 billion, a PE ratio of 52.00, a P/E/G ratio of 1.80 and a beta of 1.27. The company’s 50 day moving average is $814.02 and its two-hundred day moving average is $719.34.

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

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on NFLX. Wolfe Research reiterated an “outperform” rating on shares of Netflix in a report on Friday, October 18th. Benchmark reiterated a “sell” rating and set a $545.00 target price on shares of Netflix in a research report on Tuesday, October 15th. The Goldman Sachs Group set a $750.00 target price on shares of Netflix in a research note on Friday, October 18th. Sanford C. Bernstein raised their price target on shares of Netflix from $625.00 to $780.00 and gave the stock a “market perform” rating in a research note on Friday, October 18th. Finally, Oppenheimer boosted their price objective on shares of Netflix from $775.00 to $825.00 and gave the company an “outperform” rating in a research report on Friday, October 18th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-four have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $787.85.

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.