Netflix, Inc. (NASDAQ:NFLX) Shares Bought by BCS Wealth Management

BCS Wealth Management boosted its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 30.5% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 936 shares of the Internet television network’s stock after acquiring an additional 219 shares during the quarter. BCS Wealth Management’s holdings in Netflix were worth $664,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Denver PWM LLC acquired a new stake in Netflix during the 2nd quarter worth about $25,000. Valued Wealth Advisors LLC lifted its position in 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 acquiring an additional 20 shares during the period. Indiana Trust & Investment Management CO lifted its position in 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 acquiring an additional 28 shares during the period. Proffitt & Goodson Inc. lifted its position in Netflix by 380.0% during the 2nd quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock worth $32,000 after acquiring an additional 38 shares during the period. Finally, AlphaMark Advisors LLC lifted its holdings in shares of Netflix by 642.9% in the 2nd quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock valued at $35,000 after buying an additional 45 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Price Performance

NFLX stock opened at $687.65 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.95 and a quick ratio of 0.95. The business has a 50 day simple moving average of $693.78 and a 200-day simple moving average of $653.62. The firm has a market capitalization of $296.38 billion, a PE ratio of 47.72, a price-to-earnings-growth ratio of 1.49 and a beta of 1.26. Netflix, Inc. has a 1 year low of $344.73 and a 1 year high of $736.00.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Thursday, July 18th. The Internet television network reported $4.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.74 by $0.14. The business had revenue of $9.56 billion during 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 business’s revenue was up 16.8% compared to the same quarter last year. During the same period in the prior year, the business earned $3.29 earnings per share. Equities research analysts anticipate that Netflix, Inc. will post 19.08 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Gregory K. Peters sold 1,278 shares of the stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $614.44, for a total value 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 approximately $8,043,019.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Gregory K. Peters sold 4,644 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $700.00, for a total value of $3,250,800.00. Following the completion of the transaction, the chief executive officer now directly owns 13,090 shares in the company, valued at approximately $9,163,000. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Gregory K. Peters sold 1,278 shares of the stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $614.44, for a total value of $785,254.32. Following the completion of the transaction, the chief executive officer now owns 13,090 shares of the company’s stock, valued at $8,043,019.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 225,167 shares of company stock worth $150,492,460. Company insiders own 1.76% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Wedbush boosted their price objective on Netflix from $725.00 to $775.00 and gave the company an “overweight” rating in a report on Thursday. Needham & Company LLC boosted their price objective on Netflix from $700.00 to $800.00 and gave the company a “buy” rating in a report on Friday. Citigroup boosted their price objective on Netflix from $660.00 to $675.00 and gave the company a “neutral” rating in a report on Monday, July 22nd. The Goldman Sachs Group upped their price target on Netflix from $650.00 to $659.00 and gave the stock a “neutral” rating in a report on Friday, July 19th. Finally, Argus upped their price target on Netflix from $660.00 to $767.00 and gave the stock a “buy” rating in a report on Tuesday, July 2nd. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $713.24.

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.