Netflix, Inc. (NASDAQ:NFLX) Shares Sold by One Wealth Management Investment & Advisory Services LLC

One Wealth Management Investment & Advisory Services LLC lessened its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 18.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,146 shares of the Internet television network’s stock after selling 693 shares during the quarter. Netflix accounts for 0.8% of One Wealth Management Investment & Advisory Services LLC’s portfolio, making the stock its 22nd largest position. One Wealth Management Investment & Advisory Services LLC’s holdings in Netflix were worth $2,123,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Denver PWM LLC acquired a new stake in shares of Netflix in the second quarter valued at about $25,000. Valued Wealth Advisors LLC lifted its holdings in shares of Netflix by 80.0% in the 1st quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock worth $27,000 after acquiring an additional 20 shares during the last quarter. VitalStone Financial LLC raised its holdings in shares of Netflix by 933.3% in the 4th quarter. VitalStone Financial LLC now owns 62 shares of the Internet television network’s stock valued at $30,000 after buying an additional 56 shares during the period. Beaird Harris Wealth Management LLC lifted its position in shares of Netflix by 1,550.0% during the fourth quarter. Beaird Harris Wealth Management LLC now owns 66 shares of the Internet television network’s stock worth $32,000 after purchasing an additional 62 shares in the last quarter. Finally, Scarborough Advisors LLC purchased a new stake in shares of Netflix during the fourth quarter worth $32,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on NFLX. The Goldman Sachs Group raised their price objective on shares of Netflix from $650.00 to $659.00 and gave the company a “neutral” rating in a report on Friday, July 19th. Oppenheimer reiterated an “outperform” rating and set a $725.00 target price on shares of Netflix in a research report on Tuesday, July 30th. Pivotal Research increased their price target on shares of Netflix from $800.00 to $900.00 and gave the company a “buy” rating in a report on Friday, August 30th. Evercore ISI upped their target price on Netflix from $710.00 to $750.00 and gave the company an “outperform” rating in a report on Tuesday, August 27th. Finally, KeyCorp upped their price target on shares of Netflix from $707.00 to $735.00 and gave the company an “overweight” rating in a report on Wednesday, July 10th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and twenty-three have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $685.29.

Netflix Stock Down 2.6 %

NFLX stock traded down $17.85 during midday trading on Friday, hitting $665.77. 2,991,265 shares of the company’s stock were exchanged, compared to its average volume of 3,796,436. The stock has a market capitalization of $286.95 billion, a price-to-earnings ratio of 46.20, a price-to-earnings-growth ratio of 1.44 and a beta of 1.27. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.55. The firm has a 50 day moving average price of $659.89 and a 200-day moving average price of $633.82. Netflix, Inc. has a 12-month low of $344.73 and a 12-month high of $711.33.

Netflix (NASDAQ:NFLX) last released 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. Netflix had a net margin of 19.54% and a return on equity of 32.93%. The company had revenue of $9.56 billion during the quarter, compared to the consensus estimate of $9.53 billion. During the same quarter in the previous year, the firm earned $3.29 EPS. The company’s revenue was up 16.8% on a year-over-year basis. On average, analysts anticipate that Netflix, Inc. will post 19.08 EPS for the current year.

Insiders Place Their Bets

In other Netflix news, CEO Gregory K. Peters sold 4,783 shares of the firm’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 in the company, valued at $8,835,750. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Netflix news, CEO Gregory K. Peters sold 4,783 shares of Netflix stock in a transaction on 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 sale, the chief executive officer now owns 13,090 shares of the company’s stock, valued at approximately $8,835,750. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jay C. Hoag sold 37,675 shares of the business’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $629.73, for a total value of $23,725,077.75. The disclosure for this sale can be found here. Over the last three months, insiders have sold 157,831 shares of company stock valued at $102,721,884. Company insiders own 1.76% of the company’s stock.

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.