Liberty Wealth Management LLC Acquires New Holdings in Netflix, Inc. (NASDAQ:NFLX)

Liberty Wealth Management LLC bought a new position in shares of Netflix, Inc. (NASDAQ:NFLX) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 3,902 shares of the Internet television network’s stock, valued at approximately $2,633,000.

Other institutional investors also recently modified their holdings of the company. Obermeyer Wood Investment Counsel Lllp raised its stake in shares of Netflix by 2.8% in the first quarter. Obermeyer Wood Investment Counsel Lllp now owns 623 shares of the Internet television network’s stock worth $378,000 after purchasing an additional 17 shares during the last quarter. Private Portfolio Partners LLC grew its holdings in shares of Netflix by 1.7% in the first quarter. Private Portfolio Partners LLC now owns 1,042 shares of the Internet television network’s stock valued at $633,000 after acquiring an additional 17 shares in the last quarter. FAS Wealth Partners Inc. grew its stake in Netflix by 1.5% in the 2nd quarter. FAS Wealth Partners Inc. now owns 1,164 shares of the Internet television network’s stock valued at $786,000 after purchasing an additional 17 shares during the period. Legacy Capital Group California Inc. raised its stake in shares of Netflix by 0.6% during the 4th quarter. Legacy Capital Group California Inc. now owns 2,833 shares of the Internet television network’s stock worth $1,379,000 after purchasing an additional 18 shares during the period. Finally, Founders Financial Alliance LLC boosted its holdings in shares of Netflix by 2.4% in the 4th quarter. Founders Financial Alliance LLC now owns 757 shares of the Internet television network’s stock worth $369,000 after buying an additional 18 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Netflix

In related news, CFO Spencer Adam Neumann sold 433 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $626.19, for a total transaction of $271,140.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CEO Gregory K. Peters sold 4,783 shares of the company’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $675.00, for a total value of $3,228,525.00. Following the sale, 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 legal filing with the SEC, which is available through the SEC website. Also, CFO Spencer Adam Neumann sold 433 shares of the stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $626.19, for a total value of $271,140.27. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 157,831 shares of company stock worth $102,721,884. 1.76% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

NFLX has been the subject of a number of research analyst reports. Sanford C. Bernstein raised their price objective on shares of Netflix from $600.00 to $625.00 and gave the stock a “market perform” rating in a report on Friday, July 19th. Piper Sandler increased their target price on shares of Netflix from $600.00 to $650.00 and gave the company a “neutral” rating in a research report on Friday, July 19th. The Goldman Sachs Group lifted their price target on shares of Netflix from $650.00 to $659.00 and gave the stock a “neutral” rating in a report on Friday, July 19th. TD Cowen increased their price objective on Netflix from $725.00 to $775.00 and gave the company a “buy” rating in a report on Tuesday, July 9th. Finally, Evercore ISI boosted their target price on Netflix from $710.00 to $750.00 and gave the company an “outperform” rating in a research note on Tuesday, August 27th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and twenty-three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Netflix presently has a consensus rating of “Moderate Buy” and an average target price of $685.29.

Netflix Price Performance

NFLX stock opened at $675.42 on Tuesday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a market cap of $289.87 billion, a P/E ratio of 46.87, a P/E/G ratio of 1.36 and a beta of 1.26. The firm’s fifty day moving average is $659.93 and its 200 day moving average is $635.27. Netflix, Inc. has a 52 week low of $344.73 and a 52 week high of $711.33.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Thursday, July 18th. The Internet television network reported $4.88 EPS for the quarter, topping the consensus estimate of $4.74 by $0.14. The firm had revenue of $9.56 billion for the quarter, compared to the consensus estimate of $9.53 billion. Netflix had a return on equity of 32.93% and a net margin of 19.54%. The company’s quarterly revenue was up 16.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.29 earnings per share. Research analysts predict that Netflix, Inc. will post 19.08 earnings per share for the current year.

Netflix Company 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.