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Quotient Wealth Partners LLC purchases shares of 1,454 Netflix, Inc. (NASDAQ:NFLX)

Quotient Wealth Partners LLC purchased a new stake in Netflix, Inc. during the fourth quarter. (NASDAQ:NFLX – Free Report), the company said in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,454 shares of the Internet television network, worth approximately $708,000.

Several other major investors have also recently bought and sold shares of the company. KFA Private Wealth Group LLC increased its stake in Netflix by 1.9% in the fourth quarter. KFA Private Wealth Group LLC now owns 958 shares of the internet television network’s stock valued at $466,000 after acquiring an additional 18 shares in the last quarter. Addison Advisors LLC boosted its position in Netflix shares by 7.8% in the fourth quarter. Addison Advisors LLC now owns 276 shares of the internet television network’s stock worth $134,000 after purchasing an additional 20 shares in the last quarter. Regent Peak Wealth Advisors LLC boosted its position in shares of Netflix by 1.6% in the fourth quarter. Regent Peak Wealth Advisors LLC now owns 1,304 shares of the Internet TV network’s stock worth $635,000 after purchasing an additional 21 shares in the last quarter. Capital Advisors Ltd. LLC increased its stake in Netflix by 5.9% in the fourth quarter. Capital Advisors Ltd. LLC now owns 393 shares of the internet television network’s stock worth $191,000 after acquiring an additional 22 shares in the last quarter. Finally, Centurion Wealth Management LLC increased its stake in Netflix by 2.4% in the fourth quarter. Centurion Wealth Management LLC now owns 984 shares of the internet television network’s stock worth $479,000 after acquiring an additional 23 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s shares.

Wall Street analysts weigh in

A number of stock analysts have weighed in on the company. TD Cowen raised their price target on Netflix from $600.00 to $725.00 and gave the stock a “buy” rating in a research report on Monday, April 8. UBS Group raised their target price on shares of Netflix from $570.00 to $685.00 and gave the stock a “buy” rating in a report on Tuesday, February 27. The Goldman Sachs Group raised their price objective on shares of Netflix from $500.00 to $565.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 24. Seaport Res Ptn downgraded shares of Netflix from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 30th. Finally, Robert W. Baird raised their target price on shares of Netflix from $500.00 to $600.00 and gave the company an “outperform” rating in a research report on Wednesday, January 24. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-three have given a buy rating to the company. According to data from MarketBeat.com, Netflix currently has a consensus rating of “Moderate Buy” and a consensus target price of $631.15.

Check out our latest research report on NFLX

Insider activity

In related news, CFO Spencer Adam Neumann sold 564 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The shares sold at an average price of $613.08, for a total value of $345,777.12. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, insider David A. Hyman sold 268 shares of Netflix stock in a transaction on Friday, May 3. The shares were sold at an average price of $593.62, for a total transaction of $159,090.16. Following the transaction, the insider now owns 31,610 shares in the company, valued at approximately $18,764,328.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. CFO Spencer Adam Neumann also sold 564 shares of Netflix in a transaction on Thursday, May 9. The stock sold at an average price of $613.08, for a total transaction of $345,777.12. The explanation of this sale can be found here. Insiders have sold a total of 78,039 shares of the company’s stock worth $46,401,083 over the last 90 days. Currently, 1.76% of the shares are owned by insiders.

Netflix is ​​trading 1.0% lower

Shares of NASDAQ:NFLX fell $6.43 in afternoon trading on Tuesday, hitting $610.16. 1,881,500 shares traded, compared to the average volume of 4,307,542. The stock has a market cap of $262.98 billion, a price-to-earnings ratio of 42.90, a price-to-earnings ratio of 1.48 and a beta of 1.23. The company’s 50-day moving average is $603.14 and its two-hundred-day moving average is $537.35. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.62. Netflix, Inc. has a one-year low of $329.61 and a one-year high of $639.00.

Netflix (NASDAQ:NFLX – Get Free Report) last reported its quarterly results on Thursday, April 18. The Internet television network reported $5.28 earnings per share for the quarter, beating analysts’ consensus estimates of $4.51 by $0.77. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The company had revenue of $9.37 billion during the quarter, compared to the consensus estimate of $9.28 billion. During the same period last year, the company earned $2.88 in earnings per share. Netflix’s revenue rose 14.8% year over year. As a group, research analysts predict that Netflix, Inc. will post a profit per share of 18.3% this year.

About Netflix

(Free report)

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films and games in different genres and languages. The company also offers members the ability to receive streaming content through a variety of Internet-connected devices, including TVs, digital video players, TV set-top boxes and mobile devices.

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Quarterly Institutional Ownership for Netflix (NASDAQ:NFLX)

This instant news alert was generated by narrative science technology and financial data from MarketBeat to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat editorial staff before publication. Send any questions or comments about this story to [email protected].

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