Avidian Wealth Enterprises LLC Has $2.42 Million Position in Netflix, Inc. $NFLX

Avidian Wealth Enterprises LLC grew its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 4.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,807 shares of the Internet television network’s stock after acquiring an additional 80 shares during the period. Avidian Wealth Enterprises LLC’s holdings in Netflix were worth $2,419,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Optima Capital LLC grew its holdings in Netflix by 3.5% during the 2nd quarter. Optima Capital LLC now owns 239 shares of the Internet television network’s stock worth $320,000 after acquiring an additional 8 shares during the period. Unified Investment Management grew its holdings in Netflix by 1.7% during the 2nd quarter. Unified Investment Management now owns 474 shares of the Internet television network’s stock worth $635,000 after acquiring an additional 8 shares during the period. Plancorp LLC grew its holdings in Netflix by 0.6% during the 2nd quarter. Plancorp LLC now owns 1,278 shares of the Internet television network’s stock worth $1,711,000 after acquiring an additional 8 shares during the period. Five Oceans Advisors grew its stake in shares of Netflix by 1.1% in the 2nd quarter. Five Oceans Advisors now owns 751 shares of the Internet television network’s stock valued at $1,006,000 after buying an additional 8 shares during the period. Finally, Old Port Advisors grew its stake in shares of Netflix by 1.3% in the 2nd quarter. Old Port Advisors now owns 624 shares of the Internet television network’s stock valued at $836,000 after buying an additional 8 shares during the period. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently commented on NFLX shares. Sanford C. Bernstein restated a “buy” rating on shares of Netflix in a research note on Friday. Itau BBA Securities started coverage on Netflix in a research note on Tuesday, October 7th. They issued an “outperform” rating and a $1,514.00 target price for the company. JPMorgan Chase & Co. raised their target price on Netflix from $1,230.00 to $1,300.00 and gave the company a “neutral” rating in a research note on Friday, July 18th. Weiss Ratings restated a “buy (b)” rating on shares of Netflix in a research note on Wednesday, October 8th. Finally, Cowen restated a “buy” rating on shares of Netflix in a research note on Tuesday, October 7th. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $1,339.81.

Netflix Price Performance

Shares of NASDAQ NFLX opened at $1,238.56 on Tuesday. Netflix, Inc. has a fifty-two week low of $744.26 and a fifty-two week high of $1,341.15. The firm’s 50-day simple moving average is $1,213.87 and its 200 day simple moving average is $1,182.08. The stock has a market cap of $526.30 billion, a price-to-earnings ratio of 52.77, a PEG ratio of 2.02 and a beta of 1.59. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34.

Insiders Place Their Bets

In other Netflix news, CEO Gregory K. Peters sold 2,026 shares of the company’s stock in a transaction on Tuesday, August 5th. The stock was 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 in the company, valued at $14,793,240.64. This represents a 13.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Theodore A. Sarandos sold 2,026 shares of the company’s stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $1,160.62, for a total value of $2,351,416.12. Following the completion of the transaction, the chief executive officer owned 15,168 shares of the company’s stock, valued at $17,604,284.16. This trade represents a 11.78% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 104,100 shares of company stock valued at $122,710,980. 1.37% of the stock is currently owned by insiders.

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.