Moss Adams Wealth Advisors LLC Makes New Investment in Netflix, Inc. (NASDAQ:NFLX)

Moss Adams Wealth Advisors LLC acquired a new stake in shares of Netflix, Inc. (NASDAQ:NFLX) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 517 shares of the Internet television network’s stock, valued at approximately $252,000.

A number of other institutional investors also recently modified their holdings of NFLX. Barlow Wealth Partners Inc. bought a new stake in shares of Netflix during the fourth quarter worth about $291,000. Simmons Bank acquired a new position in Netflix during the 4th quarter valued at about $204,000. Centric Wealth Management bought a new stake in Netflix during the 4th quarter worth approximately $197,000. Charles Schwab Investment Management Inc. raised its stake in shares of Netflix by 1.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,439,493 shares of the Internet television network’s stock worth $1,187,740,000 after purchasing an additional 45,865 shares during the last quarter. Finally, Northern Financial Advisors Inc lifted its holdings in shares of Netflix by 1.3% in the fourth quarter. Northern Financial Advisors Inc now owns 4,690 shares of the Internet television network’s stock valued at $2,283,000 after purchasing an additional 60 shares in the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently commented on NFLX shares. Deutsche Bank Aktiengesellschaft increased their price target on Netflix from $525.00 to $550.00 and gave the company a “hold” rating in a research report on Monday, April 15th. TD Cowen boosted their price target on shares of Netflix from $600.00 to $725.00 and gave the stock a “buy” rating in a report on Monday, April 8th. Seaport Res Ptn lowered shares of Netflix from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 30th. Pivotal Research lifted their target price on shares of Netflix from $765.00 to $800.00 and gave the stock a “buy” rating in a research report on Friday, April 19th. Finally, Wells Fargo & Company upped their target price on Netflix from $650.00 to $726.00 and gave the company an “overweight” rating in a report on Friday, April 19th. One 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 data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $631.15.

Insiders Place Their Bets

In other news, Director Anne M. Sweeney sold 3,029 shares of Netflix stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $580.00, for a total transaction of $1,756,820.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Netflix news, CEO Gregory K. Peters sold 5,352 shares of the stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $625.00, for a total transaction of $3,345,000.00. Following the transaction, the chief executive officer now directly owns 13,090 shares in the company, valued at $8,181,250. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Anne M. Sweeney sold 3,029 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $580.00, for a total transaction of $1,756,820.00. The disclosure for this sale can be found here. Insiders sold a total of 155,298 shares of company stock valued at $89,753,167 in the last quarter. Corporate insiders own 1.76% of the company’s stock.

Netflix Price Performance

Shares of NFLX stock traded up $3.47 on Wednesday, reaching $609.47. The company’s stock had a trading volume of 3,092,564 shares, compared to its average volume of 4,404,261. The company has a market capitalization of $262.66 billion, a P/E ratio of 42.29, a PEG ratio of 1.40 and a beta of 1.23. Netflix, Inc. has a 12-month low of $329.51 and a 12-month high of $639.00. The stock’s 50 day simple moving average is $602.85 and its 200-day simple moving average is $531.62. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.62.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.51 by $0.77. The firm had revenue of $9.37 billion during the quarter, compared to the consensus estimate of $9.28 billion. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The company’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same quarter last year, the company posted $2.88 EPS. As a group, equities analysts predict that Netflix, Inc. will post 18.3 earnings per share for the current fiscal 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.