180 Wealth Advisors LLC trimmed its stake in Netflix, Inc. (NASDAQ:NFLX – Free Report) by 13.5% in the 2nd quarter, HoldingsChannel reports. The fund owned 1,318 shares of the Internet television network’s stock after selling 205 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Netflix were worth $582,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in NFLX. Mizuho Markets Americas LLC raised its position in shares of Netflix by 11,985.6% in the 1st quarter. Mizuho Markets Americas LLC now owns 7,000,000 shares of the Internet television network’s stock worth $56,700,000 after acquiring an additional 6,942,080 shares in the last quarter. Norges Bank purchased a new position in Netflix during the 4th quarter worth $1,501,762,000. Moneta Group Investment Advisors LLC grew its stake in Netflix by 117,939.1% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 2,742,048 shares of the Internet television network’s stock worth $808,575,000 after buying an additional 2,739,725 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in Netflix by 16.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 13,244,508 shares of the Internet television network’s stock worth $3,905,540,000 after buying an additional 1,839,366 shares during the last quarter. Finally, Two Sigma Advisers LP purchased a new position in Netflix during the 1st quarter worth $405,248,000. 79.95% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several research firms have weighed in on NFLX. Benchmark reiterated a “sell” rating and set a $293.00 price target on shares of Netflix in a research note on Thursday, September 14th. Wells Fargo & Company reissued an “overweight” rating and issued a $500.00 price objective on shares of Netflix in a report on Thursday, July 20th. Truist Financial reissued a “hold” rating and issued a $485.00 price objective on shares of Netflix in a report on Friday. Guggenheim reissued a “buy” rating and set a $500.00 target price on shares of Netflix in a report on Thursday, July 20th. Finally, Jefferies Financial Group increased their target price on Netflix from $440.00 to $520.00 in a report on Tuesday, July 18th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and twenty-four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $431.44.
Insider Buying and Selling at Netflix
In other Netflix news, Director Timothy M. Haley sold 1,022 shares of the firm’s stock in a transaction on Wednesday, July 5th. The stock was sold at an average price of $450.19, for a total value of $460,094.18. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Netflix news, Director Richard N. Barton sold 500 shares of the firm’s stock in a transaction dated Monday, July 10th. The stock was sold at an average price of $438.52, for a total transaction of $219,260.00. Following the transaction, the director now owns 86 shares of the company’s stock, valued at $37,712.72. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Timothy M. Haley sold 1,022 shares of the firm’s stock in a transaction dated Wednesday, July 5th. The stock was sold at an average price of $450.19, for a total value of $460,094.18. The disclosure for this sale can be found here. Insiders have sold a total of 125,377 shares of company stock worth $54,547,674 over the last ninety days. Corporate insiders own 2.45% of the company’s stock.
Netflix Stock Down 0.6 %
Shares of NASDAQ NFLX opened at $394.40 on Tuesday. The stock has a market cap of $174.78 billion, a P/E ratio of 42.00, a PEG ratio of 1.32 and a beta of 1.29. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.62. Netflix, Inc. has a 12-month low of $211.73 and a 12-month high of $485.00. The business’s fifty day simple moving average is $430.91 and its 200-day simple moving average is $384.60.
Netflix (NASDAQ:NFLX – Get Free Report) last posted its quarterly earnings results on Wednesday, July 19th. The Internet television network reported $3.29 earnings per share for the quarter, beating analysts’ consensus estimates of $2.85 by $0.44. Netflix had a return on equity of 19.76% and a net margin of 13.22%. The company had revenue of $8.19 billion for the quarter, compared to analysts’ expectations of $8.29 billion. During the same period last year, the firm earned $3.20 earnings per share. Netflix’s quarterly revenue was up 2.7% on a year-over-year basis. As a group, equities analysts predict that Netflix, Inc. will post 11.92 EPS for the current fiscal year.
Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and mobile games across various genres and languages. The company provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, television set-top boxes, and mobile devices.
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