waypoint wealth counsel Has $517,000 Stake in Netflix, Inc. (NASDAQ:NFLX)

waypoint wealth counsel increased its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 2.8% in the 1st quarter, HoldingsChannel.com reports. The firm owned 554 shares of the Internet television network’s stock after buying an additional 15 shares during the quarter. waypoint wealth counsel’s holdings in Netflix were worth $517,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of NFLX. Halbert Hargrove Global Advisors LLC lifted its stake in shares of Netflix by 100.0% in the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network’s stock worth $25,000 after buying an additional 13 shares during the last quarter. Brown Shipley& Co Ltd acquired a new position in Netflix during the 4th quarter worth $27,000. Transce3nd LLC acquired a new position in Netflix during the 4th quarter worth $32,000. Copia Wealth Management acquired a new position in shares of Netflix during the 4th quarter worth about $37,000. Finally, Stuart Chaussee & Associates Inc. lifted its position in shares of Netflix by 4,500.0% during the 4th 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 last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Trading Up 2.0%

NFLX opened at $1,279.11 on Wednesday. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $544.35 billion, a PE ratio of 60.45, a PEG ratio of 2.43 and a beta of 1.59. The firm has a 50-day moving average price of $1,163.30 and a two-hundred day moving average price of $1,016.26. Netflix, Inc. has a 1-year low of $587.04 and a 1-year high of $1,282.57.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share 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 analyst estimates of $10.51 billion. Netflix had a net margin of 23.07% and a return on equity of 39.61%. During the same quarter last year, the business posted $8.28 earnings per share. As a group, equities analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Activity

In other Netflix news, CFO Spencer Adam Neumann sold 2,601 shares of Netflix stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $921.72, for a total transaction of $2,397,393.72. Following the completion of the sale, the chief financial officer now owns 3,691 shares of the company’s stock, valued at approximately $3,402,068.52. The trade was a 41.34% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jay C. Hoag sold 31,750 shares of Netflix 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 sale, the director now directly owns 63,040 shares of the company’s stock, valued at $78,948,144. This represents a 33.50% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 184,660 shares of company stock valued at $209,802,025. Company insiders own 1.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Pivotal Research upped their price target on Netflix from $1,350.00 to $1,600.00 and gave the stock a “buy” rating in a report on Friday, June 20th. Wedbush reiterated an “outperform” rating and set a $1,200.00 target price on shares of Netflix in a research note on Monday, May 5th. UBS Group upped their target price on shares of Netflix from $1,150.00 to $1,450.00 and gave the company a “buy” rating in a research note on Wednesday, June 4th. Rosenblatt Securities upped their target price on shares of Netflix from $1,494.00 to $1,514.00 and gave the company a “buy” rating in a research note on Monday, April 21st. Finally, Barclays upped their price objective on shares of Netflix from $900.00 to $1,000.00 and gave the company an “equal weight” rating in a research report on Monday, April 21st. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Netflix presently has a consensus rating of “Moderate Buy” and an average target price of $1,172.73.

Netflix Company 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.