Kestra Advisory Services LLC Purchases 3,660 Shares of Netflix, Inc. (NASDAQ:NFLX)

Kestra Advisory Services LLC increased its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 9.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,017 shares of the Internet television network’s stock after buying an additional 3,660 shares during the quarter. Kestra Advisory Services LLC’s holdings in Netflix were worth $26,126,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Valued Wealth Advisors LLC lifted its position in shares of Netflix by 80.0% during the 1st quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock worth $27,000 after buying an additional 20 shares during the period. Indiana Trust & Investment Management CO lifted its position in shares of Netflix by 112.0% during the 1st quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock worth $32,000 after buying an additional 28 shares during the period. VitalStone Financial LLC lifted its position in shares of Netflix by 933.3% during the 4th quarter. VitalStone Financial LLC now owns 62 shares of the Internet television network’s stock worth $30,000 after buying an additional 56 shares during the period. Scarborough Advisors LLC bought a new position in shares of Netflix during the 4th quarter worth approximately $32,000. Finally, Beaird Harris Wealth Management LLC increased its holdings in Netflix by 1,550.0% during the 4th quarter. Beaird Harris Wealth Management LLC now owns 66 shares of the Internet television network’s stock valued at $32,000 after purchasing an additional 62 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on NFLX. Canaccord Genuity Group cut Netflix from a “buy” rating to a “hold” rating and dropped their price target for the company from $720.00 to $585.00 in a report on Friday, April 19th. TD Cowen raised their price target on Netflix from $725.00 to $775.00 and gave the company a “buy” rating in a report on Tuesday, July 9th. Jefferies Financial Group raised their price target on Netflix from $655.00 to $780.00 and gave the company a “buy” rating in a report on Tuesday, July 16th. Piper Sandler raised their price target on Netflix from $600.00 to $650.00 and gave the company a “neutral” rating in a report on Friday, July 19th. Finally, Rosenblatt Securities raised their price target on Netflix from $554.00 to $635.00 and gave the company a “neutral” rating in a report on Friday, July 19th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and twenty-four have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $681.21.

Insiders Place Their Bets

In other Netflix news, CEO Gregory K. Peters sold 4,783 shares of Netflix stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $675.00, for a total transaction of $3,228,525.00. Following 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 filing with the SEC, which is accessible through this hyperlink. In other news, CEO Gregory K. Peters sold 1,278 shares of the business’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $593.81, for a total value of $758,889.18. Following the sale, the chief executive officer now directly owns 13,090 shares in the company, valued at $7,772,972.90. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Gregory K. Peters sold 4,783 shares of the business’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $675.00, for a total value of $3,228,525.00. Following the completion of the sale, the chief executive officer now owns 13,090 shares in the company, valued at $8,835,750. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 71,385 shares of company stock worth $44,469,351. Corporate insiders own 1.76% of the company’s stock.

Netflix Trading Down 0.4 %

Shares of NASDAQ:NFLX traded down $2.72 during midday trading on Friday, hitting $631.37. The company had a trading volume of 3,120,659 shares, compared to its average volume of 3,608,843. Netflix, Inc. has a 12 month low of $344.73 and a 12 month high of $697.49. The company has a current ratio of 0.95, a quick ratio of 1.07 and a debt-to-equity ratio of 0.55. The stock has a market cap of $270.97 billion, a price-to-earnings ratio of 43.81, a PEG ratio of 1.29 and a beta of 1.27. The firm has a fifty day simple moving average of $658.05 and a 200 day simple moving average of $609.00.

Netflix (NASDAQ:NFLX) last posted its earnings results on Thursday, July 18th. The Internet television network reported $4.88 earnings per share 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 analyst estimates of $9.53 billion. Netflix had a return on equity of 32.93% and a net margin of 19.54%. The company’s revenue for the quarter was up 16.8% on a year-over-year basis. During the same period in the previous year, the company posted $3.29 earnings per share. On average, analysts predict that Netflix, Inc. will post 19.08 EPS for the current year.

About Netflix

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.