Western Wealth Management LLC Boosts Position in Netflix, Inc. (NASDAQ:NFLX)

Western Wealth Management LLC increased its stake in Netflix, Inc. (NASDAQ:NFLX) by 35.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,729 shares of the Internet television network’s stock after buying an additional 1,496 shares during the period. Western Wealth Management LLC’s holdings in Netflix were worth $2,789,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Authentikos Wealth Advisory LLC bought a new position in Netflix during the 3rd quarter worth about $25,000. Spartan Planning & Wealth Management bought a new position in Netflix during the 3rd quarter worth about $26,000. Blue Bell Private Wealth Management LLC grew its holdings in Netflix by 89.7% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 74 shares of the Internet television network’s stock worth $36,000 after acquiring an additional 35 shares in the last quarter. Carmel Capital Partners LLC grew its holdings in Netflix by 290.0% during the 3rd quarter. Carmel Capital Partners LLC now owns 78 shares of the Internet television network’s stock worth $30,000 after acquiring an additional 58 shares in the last quarter. Finally, Pacifica Partners Inc. bought a new position in Netflix during the 4th quarter worth about $41,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Trading Down 0.5 %

NFLX traded down $3.13 on Thursday, hitting $610.56. The company had a trading volume of 8,292,291 shares, compared to its average volume of 4,290,592. The firm has a market cap of $264.23 billion, a P/E ratio of 51.53, a PEG ratio of 1.67 and a beta of 1.22. Netflix, Inc. has a 1 year low of $315.62 and a 1 year high of $639.00. The company’s fifty day moving average price is $604.73 and its 200 day moving average price is $511.17. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.69.

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, topping analysts’ consensus estimates of $4.51 by $0.77. The company had revenue of $9.37 billion for the quarter, compared to analyst estimates of $9.28 billion. Netflix had a net margin of 16.04% and a return on equity of 24.76%. The business’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.88 earnings per share. As a group, equities analysts expect that Netflix, Inc. will post 17.05 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Pivotal Research raised their price target on shares of Netflix from $700.00 to $765.00 and gave the company a “buy” rating in a report on Friday, April 5th. KeyCorp raised their price target on shares of Netflix from $580.00 to $705.00 and gave the company an “overweight” rating in a report on Wednesday, March 20th. Canaccord Genuity Group raised their price target on shares of Netflix from $575.00 to $625.00 and gave the company a “buy” rating in a report on Wednesday, January 24th. Loop Capital increased their price objective on shares of Netflix from $585.00 to $700.00 and gave the company a “buy” rating in a research report on Monday, March 18th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Netflix from $525.00 to $550.00 and gave the company a “hold” rating in a research report on Monday. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and twenty-three have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $614.75.

Insiders Place Their Bets

In other Netflix news, Director Ann Mather sold 3,673 shares of the business’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $600.00, for a total transaction of $2,203,800.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, Director Ann Mather sold 3,673 shares of the business’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $600.00, for a total transaction of $2,203,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Reed Hastings sold 20,566 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $610.42, for a total value of $12,553,897.72. Following the transaction, the chairman now directly owns 28 shares of the company’s stock, valued at $17,091.76. The disclosure for this sale can be found here. Insiders have sold 268,335 shares of company stock worth $151,619,811 over the last three months. Company insiders own 2.45% 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.