Arista Wealth Management LLC acquired a new stake in shares of Netflix, Inc. (NASDAQ:NFLX – Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 165 shares of the Internet television network’s stock, valued at approximately $221,000.
A number of other hedge funds also recently made changes to their positions in the company. Optima Capital LLC raised its stake in shares of Netflix by 3.5% during the second quarter. Optima Capital LLC now owns 239 shares of the Internet television network’s stock valued at $320,000 after purchasing an additional 8 shares during the period. Unified Investment Management raised its stake in shares of Netflix by 1.7% during the second quarter. Unified Investment Management now owns 474 shares of the Internet television network’s stock valued at $635,000 after purchasing an additional 8 shares during the period. Plancorp LLC raised its stake in shares of Netflix by 0.6% during the second quarter. Plancorp LLC now owns 1,278 shares of the Internet television network’s stock valued at $1,711,000 after purchasing an additional 8 shares during the period. Five Oceans Advisors raised its stake in shares of Netflix by 1.1% during the second quarter. Five Oceans Advisors now owns 751 shares of the Internet television network’s stock valued at $1,006,000 after purchasing an additional 8 shares during the period. Finally, Old Port Advisors grew its position in shares of Netflix by 1.3% during the second quarter. Old Port Advisors now owns 624 shares of the Internet television network’s stock worth $836,000 after buying an additional 8 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.
Netflix Stock Performance
Netflix stock opened at $1,199.36 on Friday. The company has a market cap of $509.64 billion, a PE ratio of 51.10, a P/E/G ratio of 1.99 and a beta of 1.59. The company has a fifty day moving average price of $1,213.47 and a two-hundred day moving average price of $1,175.91. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.34 and a quick ratio of 1.34. Netflix, Inc. has a 12 month low of $736.23 and a 12 month high of $1,341.15.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on NFLX. The Goldman Sachs Group decreased their price target on shares of Netflix from $1,310.00 to $1,300.00 and set a “neutral” rating for the company in a research report on Tuesday, September 30th. Needham & Company LLC reissued a “buy” rating and set a $1,500.00 price target on shares of Netflix in a research report on Wednesday, September 10th. Pivotal Research reissued a “buy” rating on shares of Netflix in a research report on Thursday, July 10th. Phillip Securities downgraded shares of Netflix from a “hold” rating to a “strong sell” rating in a research report on Monday, July 21st. Finally, Zacks Research downgraded shares of Netflix from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 1st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Netflix currently has an average rating of “Moderate Buy” and a consensus price target of $1,339.81.
Check Out Our Latest Stock Analysis on Netflix
Insider Transactions at Netflix
In other Netflix news, CEO Gregory K. Peters sold 2,026 shares of Netflix stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $1,157.44, for a total value of $2,344,973.44. Following the completion of the transaction, the chief executive officer owned 12,781 shares of the company’s stock, valued at $14,793,240.64. The trade was a 13.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Theodore A. Sarandos sold 2,026 shares of Netflix stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $1,160.62, for a total transaction of $2,351,416.12. Following the completion of the transaction, the chief executive officer directly owned 15,168 shares of the company’s stock, valued at approximately $17,604,284.16. This represents a 11.78% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 104,100 shares of company stock valued at $122,710,980 over the last quarter. Insiders own 1.37% of the company’s stock.
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.
Featured Articles
- Five stocks we like better than Netflix
- How to Plot Fibonacci Price Inflection Levels
- This AI Chip Giant Could Be the Market’s Next Big Winner
- Best ESG Stocks: 11 Best Stocks for ESG Investing
- Broadcom Inks OpenAI Deal: Why It’s A Huge Win for AVGO Stock
- Top Stocks Investing in 5G Technology
- Institutions Are Fueling CrowdStrike’s Next Leg Higher
Receive News & Ratings for Netflix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netflix and related companies with MarketBeat.com's FREE daily email newsletter.