Walkner Condon Financial Advisors LLC Has $728,000 Stake in Netflix, Inc. (NASDAQ:NFLX)

Walkner Condon Financial Advisors LLC raised its holdings in Netflix, Inc. (NASDAQ:NFLX) by 6.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 781 shares of the Internet television network’s stock after buying an additional 47 shares during the period. Walkner Condon Financial Advisors LLC’s holdings in Netflix were worth $728,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NFLX. Brighton Jones LLC increased its stake in Netflix by 5.0% in the 4th quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network’s stock valued at $4,804,000 after buying an additional 257 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new stake in Netflix in the 4th quarter valued at $12,212,000. Revolve Wealth Partners LLC increased its stake in Netflix by 16.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network’s stock valued at $912,000 after buying an additional 144 shares during the last quarter. Navellier & Associates Inc. bought a new position in shares of Netflix in the 4th quarter valued at about $237,000. Finally, Pinnacle Financial Partners Inc grew its position in shares of Netflix by 17.8% in the 4th quarter. Pinnacle Financial Partners Inc now owns 7,427 shares of the Internet television network’s stock valued at $6,620,000 after acquiring an additional 1,123 shares during the period. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NFLX has been the subject of a number of analyst reports. Guggenheim reissued a “buy” rating and issued a $1,150.00 price objective (up previously from $1,100.00) on shares of Netflix in a research report on Friday, April 18th. UBS Group lifted their price objective on shares of Netflix from $1,150.00 to $1,450.00 and gave the company a “buy” rating in a research report on Wednesday, June 4th. Bank of America lifted their price objective on shares of Netflix from $1,175.00 to $1,490.00 and gave the company a “buy” rating in a research report on Friday, May 30th. Robert W. Baird lifted their price objective on shares of Netflix from $1,200.00 to $1,300.00 and gave the company an “outperform” rating in a research report on Friday, May 16th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a $1,220.00 price objective (up previously from $1,150.00) on shares of Netflix in a research report on Monday, May 19th. Eleven research 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 stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $1,172.73.

Insiders Place Their Bets

In other news, insider Cletus R. Willems sold 298 shares of the company’s stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $1,138.00, for a total value of $339,124.00. Following the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at approximately $35,972,180. This represents a 0.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jay C. Hoag sold 31,750 shares of the stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $1,252.35, for a total transaction of $39,762,112.50. Following the transaction, the director now directly owns 63,040 shares in the company, valued at approximately $78,948,144. This represents a 33.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 185,140 shares of company stock valued at $210,271,552 in the last ninety days. 1.37% of the stock is currently owned by insiders.

Netflix Price Performance

Shares of NASDAQ:NFLX opened at $1,231.49 on Monday. The firm has a 50 day moving average of $1,150.80 and a 200-day moving average of $1,012.19. The stock has a market capitalization of $524.09 billion, a PE ratio of 58.20, a PEG ratio of 2.38 and a beta of 1.59. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.58. Netflix, Inc. has a 12 month low of $587.04 and a 12 month high of $1,262.81.

Netflix (NASDAQ:NFLX) last issued its 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 company had revenue of $10.54 billion during the quarter, compared to analysts’ expectations of $10.51 billion. Netflix had a net margin of 23.07% and a return on equity of 39.61%. During the same period in the previous year, the company earned $8.28 EPS. On average, equities research analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

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.