BNC Wealth Management LLC Purchases 217 Shares of Netflix, Inc. (NASDAQ:NFLX)

BNC Wealth Management LLC increased its position in Netflix, Inc. (NASDAQ:NFLX) by 6.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,449 shares of the Internet television network’s stock after purchasing an additional 217 shares during the period. BNC Wealth Management LLC’s holdings in Netflix were worth $3,216,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of NFLX. Pathway Financial Advisers LLC lifted its stake in Netflix by 82.4% during the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network’s stock valued at $27,000 after acquiring an additional 14 shares during the period. Brown Shipley& Co Ltd purchased a new position in Netflix during the fourth quarter valued at $27,000. Transce3nd LLC purchased a new position in Netflix during the fourth quarter valued at $32,000. Copia Wealth Management purchased a new position in Netflix during the fourth quarter valued at $37,000. Finally, Stuart Chaussee & Associates Inc. grew its stake in shares of Netflix by 4,500.0% in the 4th quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network’s stock worth $41,000 after buying an additional 45 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

Netflix Stock Performance

Shares of NASDAQ NFLX opened at $1,212.15 on Friday. The company has a 50 day simple moving average of $1,120.37 and a two-hundred day simple moving average of $999.25. Netflix, Inc. has a 12 month low of $587.04 and a 12 month high of $1,262.81. The stock has a market cap of $515.86 billion, a price-to-earnings ratio of 61.13, a PEG ratio of 2.12 and a beta of 1.59. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.74 by $0.87. The business had revenue of $10.54 billion for the quarter, compared to the consensus estimate of $10.51 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. During the same period last year, the firm posted $8.28 earnings per share. As a group, analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on NFLX shares. Macquarie lifted their price objective on shares of Netflix from $1,150.00 to $1,200.00 and gave the stock an “outperform” rating in a research note on Monday, April 21st. Needham & Company LLC reiterated a “buy” rating and set a $1,126.00 price objective on shares of Netflix in a report on Thursday, April 17th. Wedbush reiterated an “outperform” rating and set a $1,200.00 price objective on shares of Netflix in a report on Monday, May 5th. Barclays boosted their price target on shares of Netflix from $900.00 to $1,000.00 and gave the company an “equal weight” rating in a report on Monday, April 21st. Finally, Cfra Research raised shares of Netflix to a “strong-buy” rating in a research report on Monday, April 28th. Eleven research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Netflix presently has a consensus rating of “Moderate Buy” and an average target price of $1,156.73.

Insider Transactions at Netflix

In other Netflix news, CAO Jeffrey William Karbowski sold 160 shares of Netflix stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $1,000.00, for a total transaction of $160,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Ann Mather sold 1,090 shares of the business’s stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $1,250.00, for a total transaction of $1,362,500.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 185,140 shares of company stock valued at $210,271,552. Corporate insiders own 1.37% of the company’s stock.

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.