Silvia Mccoll Wealth Management LLC Makes New Investment in Netflix, Inc. (NASDAQ:NFLX)

Silvia Mccoll Wealth Management LLC acquired a new position in shares of Netflix, Inc. (NASDAQ:NFLX) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 338 shares of the Internet television network’s stock, valued at approximately $209,000.

Several other hedge funds have also recently bought and sold shares of NFLX. Indiana Trust & Investment Management CO increased its stake in shares of Netflix by 112.0% in the first quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock valued at $32,000 after buying an additional 28 shares in the last quarter. VitalStone Financial LLC increased its stake in shares of Netflix by 933.3% in 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 in the last quarter. Scarborough Advisors LLC acquired a new stake in shares of Netflix in the fourth quarter valued at $32,000. Beaird Harris Wealth Management LLC increased its stake in shares of Netflix by 1,550.0% in 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 in the last quarter. Finally, Spartan Planning & Wealth Management acquired a new stake in shares of Netflix in the third quarter valued at $26,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Netflix

In other news, insider David A. Hyman sold 268 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $593.62, for a total transaction of $159,090.16. Following the sale, the insider now owns 31,610 shares in the company, valued at approximately $18,764,328.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CFO Spencer Adam Neumann sold 564 shares of the stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $613.08, for a total value of $345,777.12. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider David A. Hyman sold 268 shares of the stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $593.62, for a total value of $159,090.16. Following the completion of the sale, the insider now owns 31,610 shares in the company, valued at approximately $18,764,328.20. The disclosure for this sale can be found here. Insiders have sold a total of 48,859 shares of company stock worth $29,365,893 in the last 90 days. Corporate insiders own 1.76% of the company’s stock.

Netflix Stock Down 0.2 %

NASDAQ:NFLX traded down $1.27 during trading hours on Monday, reaching $673.61. 2,211,181 shares of the stock were exchanged, compared to its average volume of 3,977,779. Netflix, Inc. has a twelve month low of $344.73 and a twelve month high of $689.88. 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 moving average of $628.93 and a 200 day moving average of $585.07. The stock has a market cap of $290.33 billion, a PE ratio of 46.75, a PEG ratio of 1.46 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share 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 the consensus estimate of $9.28 billion. During the same quarter in the prior year, the firm posted $2.88 EPS. The business’s revenue was up 14.8% on a year-over-year basis. On average, equities analysts expect that Netflix, Inc. will post 18.31 earnings per share for the current year.

Analyst Ratings Changes

NFLX has been the subject of a number of research reports. Bank of America raised their target price on Netflix from $650.00 to $700.00 and gave the company a “buy” rating in a research note on Friday, April 19th. Jefferies Financial Group reiterated a “buy” rating and issued a $655.00 price objective on shares of Netflix in a research report on Wednesday, May 15th. BMO Capital Markets reiterated an “outperform” rating and issued a $713.00 price objective (up from $638.00) on shares of Netflix in a research report on Wednesday, April 17th. Needham & Company LLC reiterated a “buy” rating and issued a $700.00 price objective on shares of Netflix in a research report on Monday, June 17th. Finally, Loop Capital lifted their price objective on Netflix from $700.00 to $750.00 and gave the stock a “buy” rating in a research report on Tuesday, June 18th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $633.53.

Netflix Profile

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.