Netflix, Inc. (NASDAQ:NFLX) Shares Bought by Advisory Alpha LLC

Advisory Alpha LLC grew its stake in Netflix, Inc. (NASDAQ:NFLX) by 5.7% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 1,564 shares of the Internet television network’s stock after buying an additional 85 shares during the quarter. Advisory Alpha LLC’s holdings in Netflix were worth $950,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in NFLX. Valued Wealth Advisors LLC boosted its position in shares of Netflix by 80.0% during the 1st quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock worth $27,000 after acquiring an additional 20 shares in the last quarter. VitalStone Financial LLC boosted its holdings in Netflix by 933.3% in the fourth quarter. VitalStone Financial LLC now owns 62 shares of the Internet television network’s stock valued at $30,000 after purchasing an additional 56 shares in the last quarter. Beaird Harris Wealth Management LLC boosted its holdings in Netflix by 1,550.0% in the fourth quarter. Beaird Harris Wealth Management LLC now owns 66 shares of the Internet television network’s stock valued at $32,000 after purchasing an additional 62 shares in the last quarter. Scarborough Advisors LLC purchased a new position in Netflix in the fourth quarter valued at approximately $32,000. Finally, Indiana Trust & Investment Management CO raised its holdings in Netflix by 112.0% during the first quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock worth $32,000 after purchasing an additional 28 shares in the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on NFLX shares. Macquarie raised their price target on Netflix from $595.00 to $685.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 16th. Oppenheimer reaffirmed an “outperform” rating and issued a $725.00 target price on shares of Netflix in a report on Friday, April 19th. Piper Sandler increased their price target on shares of Netflix from $550.00 to $600.00 and gave the stock a “neutral” rating in a research note on Friday, April 12th. Sanford C. Bernstein upped their target price on shares of Netflix from $490.00 to $600.00 and gave the company a “market perform” rating in a report on Friday, April 19th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Netflix from $525.00 to $550.00 and gave the stock a “hold” rating in a report on Monday, April 15th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-four have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $642.43.

Netflix Trading Down 0.0 %

NASDAQ:NFLX traded down $0.26 during trading hours on Friday, reaching $652.49. 521,915 shares of the company were exchanged, compared to its average volume of 3,883,572. The firm has a market cap of $281.22 billion, a price-to-earnings ratio of 45.30, a PEG ratio of 1.46 and a beta of 1.27. The stock has a 50 day simple moving average of $650.34 and a 200 day simple moving average of $595.84. Netflix, Inc. has a 52-week low of $344.73 and a 52-week high of $697.49. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.07 and a quick ratio of 1.07.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Thursday, April 18th. The Internet television network reported $5.28 EPS for the quarter, topping the consensus estimate of $4.51 by $0.77. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The company had revenue of $9.37 billion during the quarter, compared to analyst estimates of $9.28 billion. During the same period in the prior year, the firm posted $2.88 earnings per share. The firm’s revenue was up 14.8% on a year-over-year basis. As a group, analysts predict that Netflix, Inc. will post 18.31 EPS for the current year.

Insider Activity at Netflix

In related news, Director Anne M. Sweeney sold 633 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $560.00, for a total transaction of $354,480.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, Director Anne M. Sweeney sold 633 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $560.00, for a total value of $354,480.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Reed Hastings sold 18,361 shares of Netflix stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $551.54, for a total transaction of $10,126,825.94. Following the sale, the chairman now directly owns 28 shares in the company, valued at approximately $15,443.12. The disclosure for this sale can be found here. In the last three months, insiders sold 71,385 shares of company stock worth $44,469,351. Corporate insiders own 1.76% of the company’s stock.

Netflix 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.