Icon Wealth Advisors LLC Purchases 171 Shares of Netflix, Inc. (NASDAQ:NFLX)

Icon Wealth Advisors LLC lifted its holdings in Netflix, Inc. (NASDAQ:NFLX) by 1.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,008 shares of the Internet television network’s stock after purchasing an additional 171 shares during the quarter. Icon Wealth Advisors LLC’s holdings in Netflix were worth $6,686,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of NFLX. Crumly & Associates Inc. boosted its holdings in shares of Netflix by 4.1% in the 4th quarter. Crumly & Associates Inc. now owns 2,105 shares of the Internet television network’s stock worth $1,025,000 after purchasing an additional 83 shares during the period. Venture Visionary Partners LLC increased its position in Netflix by 15.4% during the fourth quarter. Venture Visionary Partners LLC now owns 9,849 shares of the Internet television network’s stock valued at $4,795,000 after acquiring an additional 1,318 shares during the last quarter. Malaga Cove Capital LLC increased its position in Netflix by 25.4% during the fourth quarter. Malaga Cove Capital LLC now owns 1,562 shares of the Internet television network’s stock valued at $761,000 after acquiring an additional 316 shares during the last quarter. Legacy Financial Advisors Inc. raised its stake in shares of Netflix by 8.1% in the fourth quarter. Legacy Financial Advisors Inc. now owns 3,793 shares of the Internet television network’s stock valued at $1,847,000 after acquiring an additional 284 shares during the period. Finally, Aaron Wealth Advisors LLC lifted its holdings in shares of Netflix by 14.5% in the 4th quarter. Aaron Wealth Advisors LLC now owns 1,306 shares of the Internet television network’s stock worth $636,000 after acquiring an additional 165 shares during the last quarter. Institutional investors own 80.93% of the company’s stock.

Insider Buying and Selling

In other news, Chairman Reed Hastings sold 18,361 shares of the stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $551.54, for a total value of $10,126,825.94. Following the transaction, the chairman now directly owns 28 shares of the company’s stock, valued at $15,443.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Gregory K. Peters sold 4,783 shares of the business’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $675.00, for a total transaction of $3,228,525.00. Following the completion of the transaction, the chief executive officer now directly owns 13,090 shares in the company, valued at $8,835,750. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Reed Hastings sold 18,361 shares of the stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $551.54, for a total value of $10,126,825.94. Following the sale, the chairman now directly owns 28 shares in the company, valued at $15,443.12. The disclosure for this sale can be found here. Insiders sold 71,385 shares of company stock worth $44,469,351 in the last 90 days. Insiders own 1.76% of the company’s stock.

Netflix Stock Down 0.7 %

NFLX stock traded down $4.38 on Tuesday, hitting $622.58. 3,490,412 shares of the company’s stock were exchanged, compared to its average volume of 3,950,242. The firm has a 50 day moving average price of $657.22 and a two-hundred day moving average price of $611.79. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.95 and a current ratio of 0.95. Netflix, Inc. has a 12-month low of $344.73 and a 12-month high of $697.49. The stock has a market cap of $267.19 billion, a P/E ratio of 43.20, a price-to-earnings-growth ratio of 1.29 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Thursday, July 18th. The Internet television network reported $4.88 EPS for the quarter, beating the consensus estimate of $4.74 by $0.14. Netflix had a net margin of 19.54% and a return on equity of 32.93%. The firm had revenue of $9.56 billion during the quarter, compared to analyst estimates of $9.53 billion. During the same period last year, the firm posted $3.29 EPS. Netflix’s revenue was up 16.8% on a year-over-year basis. As a group, equities research analysts expect that Netflix, Inc. will post 19.08 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

NFLX has been the topic of several analyst reports. Pivotal Research upped their price target on shares of Netflix from $765.00 to $800.00 and gave the company a “buy” rating in a report on Friday, April 19th. The Goldman Sachs Group increased their price target on Netflix from $650.00 to $659.00 and gave the stock a “neutral” rating in a report on Friday, July 19th. Needham & Company LLC restated a “buy” rating and set a $700.00 price objective on shares of Netflix in a report on Friday, July 19th. Piper Sandler upped their price objective on Netflix from $600.00 to $650.00 and gave the company a “neutral” rating in a research report on Friday, July 19th. Finally, Wedbush reiterated an “outperform” rating and set a $725.00 target price on shares of Netflix in a research report on Monday, May 20th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twenty-four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Netflix currently has a consensus rating of “Moderate Buy” and a consensus target price of $681.21.

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.