Lake Street Private Wealth LLC Has $1.20 Million Stake in Netflix, Inc. (NASDAQ:NFLX)

Lake Street Private Wealth LLC decreased its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 4.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,287 shares of the Internet television network’s stock after selling 55 shares during the quarter. Lake Street Private Wealth LLC’s holdings in Netflix were worth $1,200,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Janus Henderson Group PLC lifted its holdings in Netflix by 8.7% during the 4th quarter. Janus Henderson Group PLC now owns 1,377,081 shares of the Internet television network’s stock worth $1,227,468,000 after buying an additional 110,432 shares during the period. PharVision Advisers LLC acquired a new position in Netflix during the 4th quarter worth about $873,000. First National Trust Co lifted its holdings in Netflix by 1.0% during the 4th quarter. First National Trust Co now owns 1,258 shares of the Internet television network’s stock worth $1,121,000 after buying an additional 12 shares during the period. Haven Private LLC acquired a new position in Netflix during the 4th quarter worth about $733,000. Finally, Sigma Planning Corp lifted its holdings in Netflix by 7.4% during the 4th quarter. Sigma Planning Corp now owns 5,572 shares of the Internet television network’s stock worth $4,966,000 after buying an additional 386 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Transactions at Netflix

In other news, Director Jay C. Hoag sold 32,515 shares of the business’s stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $1,101.97, for a total value of $35,830,554.55. Following the transaction, the director now owns 79,040 shares in the company, valued at $87,099,708.80. The trade was a 29.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Reed Hastings sold 25,360 shares of the business’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $921.15, for a total value of $23,360,364.00. Following the completion of the transaction, the chairman now owns 394 shares in the company, valued at $362,933.10. The trade was a 98.47% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 152,300 shares of company stock worth $169,146,939 in the last 90 days. Insiders own 1.37% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on NFLX. Moffett Nathanson reaffirmed a “buy” rating and set a $1,150.00 target price (up from $1,100.00) on shares of Netflix in a report on Friday, April 18th. Wells Fargo & Company lifted their target price on Netflix from $1,210.00 to $1,222.00 and gave the stock an “overweight” rating in a report on Monday, April 21st. Barclays lifted their target price on Netflix from $900.00 to $1,000.00 and gave the stock an “equal weight” rating in a report on Monday, April 21st. FBN Securities began coverage on Netflix in a report on Thursday, March 27th. They set an “outperform” rating and a $1,165.00 target price on the stock. Finally, Needham & Company LLC reissued a “buy” rating and issued a $1,126.00 price objective on shares of Netflix in a research report on Thursday, April 17th. Eleven analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,149.91.

Netflix Price Performance

NFLX stock opened at $1,239.66 on Thursday. The company has a market capitalization of $527.56 billion, a P/E ratio of 62.51, a price-to-earnings-growth ratio of 2.12 and a beta of 1.58. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. Netflix, Inc. has a 52-week low of $587.04 and a 52-week high of $1,244.10. The business has a 50-day simple moving average of $1,075.18 and a two-hundred day simple moving average of $982.47.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.74 by $0.87. The business had revenue of $10.54 billion during the quarter, compared to the consensus estimate of $10.51 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. During the same quarter in the previous year, the business earned $8.28 EPS. Research analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Netflix 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.