Proactive Wealth Strategies LLC Has $240,000 Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Proactive Wealth Strategies LLC raised its holdings in Netflix, Inc. (NASDAQ:NFLX) by 8.4% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 257 shares of the Internet television network’s stock after buying an additional 20 shares during the quarter. Proactive Wealth Strategies LLC’s holdings in Netflix were worth $240,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. Halbert Hargrove Global Advisors LLC raised its stake in Netflix by 100.0% during the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network’s stock valued at $25,000 after purchasing an additional 13 shares during the last quarter. Brown Shipley& Co Ltd acquired a new stake in shares of Netflix during the 4th quarter valued at about $27,000. Transce3nd LLC bought a new stake in Netflix in the fourth quarter valued at about $32,000. Copia Wealth Management acquired a new position in Netflix in the fourth quarter worth about $37,000. Finally, Stuart Chaussee & Associates Inc. lifted its stake in Netflix by 4,500.0% during the fourth quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network’s stock worth $41,000 after purchasing an additional 45 shares during the period. 80.93% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on NFLX shares. Phillip Securities upgraded shares of Netflix from a “moderate sell” rating to a “hold” rating in a research note on Monday, April 21st. Wells Fargo & Company boosted their price objective on Netflix from $1,222.00 to $1,500.00 and gave the stock an “overweight” rating in a research note on Friday. Evercore ISI restated an “outperform” rating on shares of Netflix in a research report on Thursday, May 15th. Benchmark restated a “hold” rating on shares of Netflix in a report on Monday, April 21st. Finally, Rosenblatt Securities lifted their price objective on Netflix from $1,494.00 to $1,514.00 and gave the stock a “buy” rating in a research note on Monday, April 21st. 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. According to data from MarketBeat.com, Netflix has a consensus rating of “Moderate Buy” and an average target price of $1,172.73.

Netflix Stock Up 1.8%

Shares of NFLX opened at $1,253.54 on Tuesday. The firm has a market cap of $533.47 billion, a P/E ratio of 59.24, a price-to-earnings-growth ratio of 2.38 and a beta of 1.59. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.20 and a current ratio of 1.20. Netflix, Inc. has a 52 week low of $587.04 and a 52 week high of $1,262.81. The firm’s 50-day simple moving average is $1,157.24 and its 200 day simple moving average is $1,014.42.

Netflix (NASDAQ:NFLX) last posted 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 for the quarter, compared to the consensus estimate of $10.51 billion. Netflix had a return on equity of 39.61% and a net margin of 23.07%. During the same quarter in the prior year, the business earned $8.28 earnings per share. On average, analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insider Buying and Selling at Netflix

In other news, Director Jay C. Hoag sold 31,750 shares of the business’s stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $1,252.35, for a total value of $39,762,112.50. Following the completion of the transaction, the director now directly owns 63,040 shares in the company, valued at approximately $78,948,144. The trade was a 33.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Jeffrey William Karbowski sold 160 shares of the company’s stock in a transaction on Monday, April 21st. The stock was sold at an average price of $1,000.00, for a total value of $160,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 184,660 shares of company stock valued at $209,802,025 in the last ninety days. 1.37% of the stock is currently 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.