Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Etesian Wealth Advisors Inc.

Etesian Wealth Advisors Inc. lessened its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 1.4% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,312 shares of the Internet television network’s stock after selling 19 shares during the period. Etesian Wealth Advisors Inc.’s holdings in Netflix were worth $797,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Dark Forest Capital Management LP lifted its stake in Netflix by 119.6% in the 3rd quarter. Dark Forest Capital Management LP now owns 1,212 shares of the Internet television network’s stock worth $458,000 after purchasing an additional 660 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its holdings in shares of Netflix by 5.2% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 2,020 shares of the Internet television network’s stock worth $763,000 after purchasing an additional 100 shares during the last quarter. Covestor Ltd boosted its holdings in shares of Netflix by 11.6% during the 3rd quarter. Covestor Ltd now owns 279 shares of the Internet television network’s stock worth $105,000 after purchasing an additional 29 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Netflix by 12.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,161 shares of the Internet television network’s stock worth $816,000 after purchasing an additional 232 shares during the last quarter. Finally, Parkside Financial Bank & Trust boosted its holdings in shares of Netflix by 2.6% during the 3rd quarter. Parkside Financial Bank & Trust now owns 1,439 shares of the Internet television network’s stock worth $543,000 after purchasing an additional 36 shares during the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Netflix Stock Performance

NASDAQ NFLX traded up $6.19 during trading hours on Wednesday, hitting $678.60. 1,716,701 shares of the stock were exchanged, compared to its average volume of 3,994,807. The company has a market cap of $292.48 billion, a price-to-earnings ratio of 47.02, a price-to-earnings-growth ratio of 1.45 and a beta of 1.26. Netflix, Inc. has a 12-month low of $344.73 and a 12-month high of $689.88. The stock has a 50-day moving average of $623.78 and a 200 day moving average of $580.61. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.62.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.51 by $0.77. The firm had revenue of $9.37 billion during the quarter, compared to analysts’ expectations of $9.28 billion. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The firm’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same period in the prior year, the company posted $2.88 earnings per share. As a group, equities research analysts forecast that Netflix, Inc. will post 18.31 earnings per share for the current year.

Insider Buying and Selling

In other Netflix news, CEO Gregory K. Peters sold 4,783 shares of the stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $675.00, for a total value of $3,228,525.00. Following the completion of the transaction, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at $8,835,750. The sale was disclosed in a filing with the SEC, which is available at this link. In other Netflix news, CEO Gregory K. Peters sold 4,783 shares of the stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $675.00, for a total value of $3,228,525.00. Following the completion of the transaction, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at $8,835,750. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Chairman Reed Hastings sold 20,566 shares of the stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $610.42, for a total transaction of $12,553,897.72. Following the completion of the transaction, the chairman now directly owns 28 shares of the company’s stock, valued at $17,091.76. The disclosure for this sale can be found here. Insiders sold 69,425 shares of company stock valued at $41,919,791 over the last ninety days. Corporate insiders own 1.76% of the company’s stock.

Wall Street Analyst Weigh In

NFLX has been the topic of several recent research reports. Benchmark boosted their target price on Netflix from $440.00 to $450.00 and gave the stock a “sell” rating in a report on Friday, May 17th. Canaccord Genuity Group restated a “hold” rating and set a $585.00 target price (down from $720.00) on shares of Netflix in a report on Friday, April 19th. Rosenblatt Securities upped their price objective on Netflix from $540.00 to $554.00 and gave the company a “neutral” rating in a report on Friday, May 17th. Pivotal Research upped their price objective on Netflix from $765.00 to $800.00 and gave the company a “buy” rating in a report on Friday, April 19th. Finally, Loop Capital upped their price objective on Netflix from $700.00 to $750.00 and gave the company a “buy” rating in a report on Tuesday, June 18th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-three have issued a buy rating to the stock. According to data from MarketBeat, Netflix has a consensus rating of “Moderate Buy” and an average target price of $633.53.

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.