Omnia Family Wealth LLC Acquires 68 Shares of Netflix, Inc. $NFLX

Omnia Family Wealth LLC increased its holdings in Netflix, Inc. (NASDAQ:NFLX) by 15.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 518 shares of the Internet television network’s stock after purchasing an additional 68 shares during the quarter. Omnia Family Wealth LLC’s holdings in Netflix were worth $694,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Netflix in the second quarter worth $2,923,000. WealthPlan Investment Management LLC grew its stake in shares of Netflix by 5.6% in the second quarter. WealthPlan Investment Management LLC now owns 1,846 shares of the Internet television network’s stock worth $2,472,000 after purchasing an additional 98 shares during the last quarter. Bridges Investment Management Inc. bought a new stake in shares of Netflix in the second quarter worth $260,000. Callahan Advisors LLC grew its stake in shares of Netflix by 24.4% in the second quarter. Callahan Advisors LLC now owns 438 shares of the Internet television network’s stock worth $587,000 after purchasing an additional 86 shares during the last quarter. Finally, Rheos Capital Works Inc. grew its stake in shares of Netflix by 119.5% in the second quarter. Rheos Capital Works Inc. now owns 116,800 shares of the Internet television network’s stock worth $156,410,000 after purchasing an additional 63,600 shares during the last quarter. Institutional investors own 80.93% of the company’s stock.

Netflix Price Performance

Shares of NASDAQ NFLX opened at $1,203.29 on Thursday. The firm’s 50-day moving average price is $1,213.65 and its 200-day moving average price is $1,172.31. Netflix, Inc. has a 1-year low of $677.88 and a 1-year high of $1,341.15. The firm has a market capitalization of $511.31 billion, a P/E ratio of 51.27, a P/E/G ratio of 2.04 and a beta of 1.59. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, beating the consensus estimate of $7.07 by $0.12. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The firm had revenue of $11.08 billion for the quarter, compared to analyst estimates of $11.04 billion. During the same quarter in the prior year, the business earned $4.88 earnings per share. The business’s quarterly revenue was up 15.9% compared to the same quarter last year. Equities research analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Theodore A. Sarandos sold 2,026 shares of the company’s stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $1,160.62, for a total transaction of $2,351,416.12. Following the transaction, the chief executive officer owned 15,168 shares in the company, valued at approximately $17,604,284.16. This represents a 11.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Gregory K. Peters sold 2,026 shares of the company’s stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $1,157.44, for a total transaction of $2,344,973.44. Following the transaction, the chief executive officer owned 12,781 shares in the company, valued at $14,793,240.64. This represents a 13.68% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 104,100 shares of company stock valued at $122,710,980. Corporate insiders own 1.37% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. KeyCorp boosted their target price on shares of Netflix from $1,070.00 to $1,390.00 and gave the company an “overweight” rating in a report on Thursday, July 10th. Seaport Res Ptn upgraded shares of Netflix from a “hold” rating to a “strong-buy” rating in a report on Monday, October 6th. Phillip Securities lowered shares of Netflix from a “hold” rating to a “strong sell” rating in a report on Monday, July 21st. Itau BBA Securities assumed coverage on shares of Netflix in a report on Tuesday, October 7th. They issued an “outperform” rating and a $1,514.00 target price on the stock. Finally, BMO Capital Markets restated an “outperform” rating and issued a $1,425.00 target price (up previously from $1,200.00) on shares of Netflix in a report on Tuesday, July 15th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,337.63.

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.