Madison Wealth Partners Inc Makes New $1.19 Million Investment in Netflix, Inc. $NFLX

Madison Wealth Partners Inc purchased a new position in shares of Netflix, Inc. (NASDAQ:NFLX) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 888 shares of the Internet television network’s stock, valued at approximately $1,189,000.

Several other hedge funds have also recently added to or reduced their stakes in NFLX. Brighton Jones LLC raised its holdings in Netflix by 5.0% during the 4th quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network’s stock worth $4,804,000 after purchasing an additional 257 shares during the last quarter. Revolve Wealth Partners LLC raised its holdings in Netflix by 16.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network’s stock worth $912,000 after purchasing an additional 144 shares during the last quarter. GAMMA Investing LLC raised its holdings in Netflix by 17.6% during the 1st quarter. GAMMA Investing LLC now owns 9,475 shares of the Internet television network’s stock worth $8,836,000 after purchasing an additional 1,415 shares during the last quarter. Lighthouse Wealth Management Inc. raised its holdings in Netflix by 11.8% during the 1st quarter. Lighthouse Wealth Management Inc. now owns 494 shares of the Internet television network’s stock worth $461,000 after purchasing an additional 52 shares during the last quarter. Finally, Inlight Wealth Management LLC bought a new position in Netflix during the 1st quarter worth approximately $46,000. Institutional investors own 80.93% of the company’s stock.

Netflix Stock Performance

NASDAQ NFLX opened at $1,199.36 on Monday. The company has a fifty day simple moving average of $1,213.47 and a 200 day simple moving average of $1,179.41. Netflix, Inc. has a 12-month low of $736.23 and a 12-month high of $1,341.15. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58. The company has a market cap of $509.64 billion, a P/E ratio of 51.10, a PEG ratio of 2.02 and a beta of 1.59.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.07 by $0.12. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The business had revenue of $11.08 billion during the quarter, compared to the consensus estimate of $11.04 billion. During the same quarter last year, the firm posted $4.88 EPS. Netflix’s revenue was up 15.9% compared to the same quarter last year. Sell-side analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have issued reports on NFLX shares. Phillip Securities lowered shares of Netflix from a “hold” rating to a “strong sell” rating in a report on Monday, July 21st. KeyCorp raised their price objective on shares of Netflix from $1,070.00 to $1,390.00 and gave the stock an “overweight” rating in a research report on Thursday, July 10th. Piper Sandler raised their price objective on shares of Netflix from $1,400.00 to $1,500.00 and gave the stock an “overweight” rating in a research report on Friday, July 18th. Robert W. Baird raised their price objective on shares of Netflix from $1,300.00 to $1,500.00 and gave the stock an “outperform” rating in a research report on Monday, July 21st. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of Netflix in a research report on Tuesday, October 14th. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Netflix currently has an average rating of “Moderate Buy” and an average price target of $1,339.81.

Insiders Place Their Bets

In related news, insider Cletus R. Willems sold 238 shares of Netflix stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $1,153.52, for a total value of $274,537.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Reed Hastings sold 42,176 shares of Netflix stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $1,171.92, for a total transaction of $49,426,897.92. Following the completion of the sale, the director directly owned 394 shares of the company’s stock, valued at approximately $461,736.48. The trade was a 99.07% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 104,100 shares of company stock worth $122,710,980 in the last quarter. Insiders own 1.37% of the company’s stock.

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.