180 Wealth Advisors LLC Boosts Position in Netflix, Inc. (NASDAQ:NFLX)

180 Wealth Advisors LLC lifted its position in Netflix, Inc. (NASDAQ:NFLX) by 35.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,069 shares of the Internet television network’s stock after purchasing an additional 539 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Netflix were worth $1,257,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Spartan Planning & Wealth Management purchased a new stake in Netflix in the third quarter valued at approximately $26,000. VitalStone Financial LLC boosted its holdings in Netflix by 933.3% during the 4th quarter. VitalStone Financial LLC now owns 62 shares of the Internet television network’s stock valued at $30,000 after acquiring an additional 56 shares during the period. Beaird Harris Wealth Management LLC lifted its position in shares of Netflix by 1,550.0% during the fourth quarter. Beaird Harris Wealth Management LLC now owns 66 shares of the Internet television network’s stock worth $32,000 after purchasing an additional 62 shares in the last quarter. Scarborough Advisors LLC acquired a new stake in Netflix during the 4th quarter worth approximately $32,000. Finally, Blue Bell Private Wealth Management LLC grew its stake in shares of Netflix by 89.7% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 74 shares of the Internet television network’s stock worth $36,000 after acquiring an additional 35 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Canaccord Genuity Group reiterated a “hold” rating and issued a $585.00 target price (down from $720.00) on shares of Netflix in a report on Friday, April 19th. Canaccord Genuity Group downgraded shares of Netflix from a “buy” rating to a “hold” rating and reduced their price target for the company from $720.00 to $585.00 in a research report on Friday, April 19th. Deutsche Bank Aktiengesellschaft upped their price target on Netflix from $525.00 to $550.00 and gave the stock a “hold” rating in a report on Monday, April 15th. Sanford C. Bernstein lifted their price objective on Netflix from $490.00 to $600.00 and gave the stock a “market perform” rating in a report on Friday, April 19th. Finally, BMO Capital Markets restated an “outperform” rating and issued a $713.00 price target (up previously from $638.00) on shares of Netflix in a research report on Wednesday, April 17th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $633.53.

Insider Transactions at Netflix

In other Netflix news, Chairman Reed Hastings sold 20,566 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $610.42, for a total value of $12,553,897.72. Following the completion of the sale, the chairman now directly owns 28 shares of the company’s stock, valued at approximately $17,091.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Chairman Reed Hastings sold 20,566 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $610.42, for a total transaction of $12,553,897.72. Following the completion of the sale, the chairman now owns 28 shares in the company, valued at approximately $17,091.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Gregory K. Peters sold 4,783 shares of the stock in a transaction on 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 owns 13,090 shares of the company’s stock, valued at approximately $8,835,750. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 69,425 shares of company stock valued at $41,919,791. Corporate insiders own 1.76% of the company’s stock.

Netflix Stock Performance

Shares of NFLX stock traded up $6.65 during trading hours on Thursday, reaching $684.34. The stock had a trading volume of 2,402,060 shares, compared to its average volume of 3,996,718. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a 50-day simple moving average of $625.06 and a 200-day simple moving average of $581.29. The firm has a market capitalization of $294.95 billion, a PE ratio of 47.29, a price-to-earnings-growth ratio of 1.45 and a beta of 1.26. Netflix, Inc. has a twelve month low of $344.73 and a twelve month high of $689.88.

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

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.