One Wealth Advisors LLC Has $777,000 Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

One Wealth Advisors LLC lessened its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 4.9% during the 3rd quarter, HoldingsChannel reports. The firm owned 1,096 shares of the Internet television network’s stock after selling 57 shares during the quarter. One Wealth Advisors LLC’s holdings in Netflix were worth $777,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Denver PWM LLC bought a new position in Netflix in the second quarter worth $25,000. Valued Wealth Advisors LLC increased its stake in shares of Netflix by 80.0% in the first quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock valued at $27,000 after buying an additional 20 shares in the last quarter. Scarborough Advisors LLC acquired a new stake in Netflix in the fourth quarter worth about $32,000. Indiana Trust & Investment Management CO increased its position in Netflix by 112.0% in the first quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock worth $32,000 after purchasing an additional 28 shares during the period. Finally, Proffitt & Goodson Inc. increased its position in Netflix by 380.0% in the second quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock worth $32,000 after purchasing an additional 38 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. TD Cowen lifted their price objective on Netflix from $775.00 to $820.00 and gave the company a “buy” rating in a report on Monday, October 7th. Oppenheimer lifted their price objective on Netflix from $725.00 to $775.00 and gave the company an “outperform” rating in a report on Thursday, October 10th. Bank of America lifted their price objective on Netflix from $700.00 to $740.00 and gave the company a “buy” rating in a report on Monday, July 15th. Needham & Company LLC reiterated a “buy” rating and set a $700.00 price objective on shares of Netflix in a report on Friday, July 19th. Finally, JPMorgan Chase & Co. restated an “overweight” rating and issued a $750.00 target price on shares of Netflix in a research note on Tuesday, October 8th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $704.26.

Netflix Price Performance

NFLX traded down $11.89 on Thursday, reaching $690.11. The stock had a trading volume of 1,039,289 shares, compared to its average volume of 3,623,243. Netflix, Inc. has a fifty-two week low of $344.73 and a fifty-two week high of $736.00. The firm has a 50-day moving average of $692.63 and a 200-day moving average of $653.38. 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 company has a market capitalization of $297.44 billion, a price-to-earnings ratio of 47.89, a price-to-earnings-growth ratio of 1.49 and a beta of 1.26.

Netflix (NASDAQ:NFLX) last issued its earnings results on Thursday, July 18th. The Internet television network reported $4.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.74 by $0.14. Netflix had a return on equity of 32.93% and a net margin of 19.54%. The business had revenue of $9.56 billion during the quarter, compared to analysts’ expectations of $9.53 billion. During the same quarter in the prior year, the firm earned $3.29 EPS. The business’s revenue for the quarter was up 16.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Netflix, Inc. will post 19.08 EPS for the current year.

Insider Transactions at Netflix

In other news, CEO Gregory K. Peters sold 1,278 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $614.44, for a total transaction of $785,254.32. Following the completion of the transaction, the chief executive officer now directly owns 13,090 shares in the company, valued at $8,043,019.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Gregory K. Peters sold 1,278 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $614.44, for a total transaction of $785,254.32. Following the completion of the transaction, the chief executive officer now directly owns 13,090 shares in the company, valued at $8,043,019.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Spencer Adam Neumann sold 433 shares of the firm’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $626.19, for a total value of $271,140.27. The disclosure for this sale can be found here. Insiders sold 225,167 shares of company stock worth $150,492,460 over the last ninety days. 1.76% of the stock is owned by insiders.

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.