WD Rutherford LLC Has $3.03 Million Holdings in Netflix, Inc. (NASDAQ:NFLX)

WD Rutherford LLC raised its position in Netflix, Inc. (NASDAQ:NFLX) by 151.9% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 4,987 shares of the Internet television network’s stock after acquiring an additional 3,007 shares during the period. Netflix makes up about 1.6% of WD Rutherford LLC’s holdings, making the stock its 29th largest position. WD Rutherford LLC’s holdings in Netflix were worth $3,029,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Spartan Planning & Wealth Management purchased a new position in shares of Netflix during the third quarter valued at approximately $26,000. VitalStone Financial LLC boosted its position in shares of Netflix by 933.3% during the fourth quarter. VitalStone Financial LLC now owns 62 shares of the Internet television network’s stock valued at $30,000 after buying an additional 56 shares during the last quarter. Beaird Harris Wealth Management LLC boosted 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 valued at $32,000 after buying an additional 62 shares during the last quarter. Scarborough Advisors LLC purchased a new position in Netflix in the fourth quarter worth $32,000. Finally, Indiana Trust & Investment Management CO boosted its position in Netflix by 112.0% in the first quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock worth $32,000 after purchasing an additional 28 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on NFLX shares. KeyCorp boosted their price objective on Netflix from $705.00 to $707.00 and gave the stock an “overweight” rating in a research report on Thursday, June 13th. Needham & Company LLC reissued a “buy” rating and issued a $700.00 price objective on shares of Netflix in a research report on Monday, June 17th. TD Cowen boosted their price objective on Netflix from $600.00 to $725.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Benchmark boosted their price objective on Netflix from $440.00 to $450.00 and gave the stock a “sell” rating in a research report on Friday, May 17th. Finally, Piper Sandler boosted their price objective on Netflix from $550.00 to $600.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $633.53.

Insider Transactions at Netflix

In other news, insider David A. Hyman sold 268 shares of the company’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $593.62, for a total value of $159,090.16. Following the completion of the transaction, the insider now directly owns 31,610 shares in the company, valued at approximately $18,764,328.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider David A. Hyman sold 268 shares of the stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $593.62, for a total transaction of $159,090.16. Following the completion of the sale, the insider now directly owns 31,610 shares in the company, valued at approximately $18,764,328.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Spencer Adam Neumann sold 564 shares of the stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $613.08, for a total value of $345,777.12. The disclosure for this sale can be found here. In the last three months, insiders sold 69,425 shares of company stock worth $41,919,791. 1.76% of the stock is currently owned by corporate insiders.

Netflix Price Performance

Netflix stock traded down $9.46 during midday trading on Friday, hitting $674.88. 3,412,391 shares of the company’s stock were exchanged, compared to its average volume of 2,746,538. The stock has a 50-day moving average price of $628.93 and a two-hundred day moving average price of $583.49. Netflix, Inc. has a 52-week low of $344.73 and a 52-week high of $689.88. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.07 and a current ratio of 1.07. The company has a market cap of $290.87 billion, a P/E ratio of 46.83, a PEG ratio of 1.48 and a beta of 1.26.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, April 18th. The Internet television network reported $5.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.51 by $0.77. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The firm had revenue of $9.37 billion during the quarter, compared to analysts’ expectations of $9.28 billion. During the same period in the prior year, the business earned $2.88 EPS. The company’s revenue for the quarter was up 14.8% compared to the same quarter last year. On average, equities research 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.