Netflix, Inc. (NASDAQ:NFLX) Shares Bought by Pacific Capital Wealth Advisors Inc.

Pacific Capital Wealth Advisors Inc. grew its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 6.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 368 shares of the Internet television network’s stock after acquiring an additional 23 shares during the quarter. Pacific Capital Wealth Advisors Inc.’s holdings in Netflix were worth $343,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of NFLX. Capital & Planning LLC acquired a new stake in Netflix in the fourth quarter worth about $809,000. Brighton Jones LLC lifted its holdings in Netflix by 5.0% in the fourth quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network’s stock worth $4,804,000 after purchasing an additional 257 shares during the period. Union Bancaire Privee UBP SA acquired a new stake in Netflix in the fourth quarter worth about $12,212,000. Revolve Wealth Partners LLC lifted its holdings in Netflix by 16.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network’s stock worth $912,000 after purchasing an additional 144 shares during the period. Finally, Strategic Financial Concepts LLC lifted its holdings in Netflix by 29.9% in the fourth quarter. Strategic Financial Concepts LLC now owns 439 shares of the Internet television network’s stock worth $392,000 after purchasing an additional 101 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on NFLX shares. KeyCorp upped their price objective on shares of Netflix from $1,000.00 to $1,070.00 and gave the stock an “overweight” rating in a report on Monday, April 21st. Evercore ISI reaffirmed an “outperform” rating on shares of Netflix in a report on Thursday, May 15th. FBN Securities started coverage on shares of Netflix in a report on Thursday, March 27th. They issued an “outperform” rating and a $1,165.00 price objective for the company. UBS Group upped their price objective on shares of Netflix from $1,150.00 to $1,450.00 and gave the stock a “buy” rating in a report on Wednesday, June 4th. Finally, Rosenblatt Securities boosted their price target on shares of Netflix from $1,494.00 to $1,514.00 and gave the stock a “buy” rating in a research report on Monday, April 21st. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Netflix has a consensus rating of “Moderate Buy” and an average target price of $1,156.73.

Netflix Trading Up 1.1%

Shares of NASDAQ NFLX opened at $1,225.35 on Tuesday. The stock has a market cap of $521.47 billion, a price-to-earnings ratio of 61.79, a PEG ratio of 2.12 and a beta of 1.59. The business has a 50 day simple moving average of $1,127.47 and a 200 day simple moving average of $1,003.32. Netflix, Inc. has a 52 week low of $587.04 and a 52 week high of $1,262.81. 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 (NASDAQ:NFLX) last announced its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, beating the consensus estimate of $5.74 by $0.87. The business had revenue of $10.54 billion during the quarter, compared to analysts’ expectations 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 posted $8.28 EPS. On average, research analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Activity at Netflix

In other Netflix news, Director Ann Mather sold 1,358 shares of the company’s stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $1,150.00, for a total transaction of $1,561,700.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Jeffrey William Karbowski sold 480 shares of the company’s stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $978.18, for a total value of $469,526.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 185,140 shares of company stock valued at $210,271,552. 1.37% of the stock is owned by corporate insiders.

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.