Netflix, Inc. (NASDAQ:NFLX) Shares Acquired by Kestra Advisory Services LLC

Kestra Advisory Services LLC grew its position in Netflix, Inc. (NASDAQ:NFLX) by 9.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 43,017 shares of the Internet television network’s stock after acquiring an additional 3,660 shares during the quarter. Kestra Advisory Services LLC’s holdings in Netflix were worth $26,126,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Valued Wealth Advisors LLC boosted its holdings in shares of Netflix by 80.0% in the first quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock valued at $27,000 after acquiring an additional 20 shares during the period. VitalStone Financial LLC boosted its holdings in shares of 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 acquiring an additional 56 shares during the period. Beaird Harris Wealth Management LLC lifted its holdings in shares of Netflix by 1,550.0% during the fourth quarter. Beaird Harris Wealth Management LLC now owns 66 shares of the Internet television network’s stock worth $32,000 after purchasing an additional 62 shares during the period. Scarborough Advisors LLC acquired a new stake in shares of Netflix during the fourth quarter worth $32,000. Finally, Indiana Trust & Investment Management CO lifted its holdings in shares of 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 during the period. 80.93% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on NFLX shares. Canaccord Genuity Group downgraded Netflix from a “buy” rating to a “hold” rating and decreased their price target for the stock from $720.00 to $585.00 in a report on Friday, April 19th. JPMorgan Chase & Co. increased their price target on Netflix from $650.00 to $750.00 and gave the stock an “overweight” rating in a report on Friday, July 12th. Deutsche Bank Aktiengesellschaft increased 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. CICC Research assumed coverage on Netflix in a report on Thursday, May 2nd. They set an “outperform” rating and a $650.00 price target for the company. Finally, Wedbush reissued an “outperform” rating and issued a $725.00 target price on shares of Netflix in a report on Monday, May 20th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and twenty-four have issued a buy rating to the company. According to MarketBeat, Netflix has an average rating of “Moderate Buy” and a consensus price target of $681.21.

Insider Buying and Selling at Netflix

In other Netflix news, CFO Spencer Adam Neumann sold 564 shares of Netflix stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $613.08, for a total value of $345,777.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Spencer Adam Neumann sold 564 shares of Netflix stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $613.08, for a total value of $345,777.12. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Chairman Reed Hastings sold 18,361 shares of Netflix stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $551.54, for a total value of $10,126,825.94. Following the completion of the transaction, the chairman now directly owns 28 shares in the company, valued at $15,443.12. The disclosure for this sale can be found here. Insiders sold 71,385 shares of company stock worth $44,469,351 in the last 90 days. 1.76% of the stock is owned by company insiders.

Netflix Price Performance

Netflix stock traded down $2.72 during midday trading on Friday, reaching $631.37. 3,120,659 shares of the company were exchanged, compared to its average volume of 3,608,843. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.07 and a current ratio of 0.95. The company has a market capitalization of $270.97 billion, a price-to-earnings ratio of 43.81, a P/E/G ratio of 1.29 and a beta of 1.27. The firm’s 50-day simple moving average is $658.05 and its 200-day simple moving average is $609.00. Netflix, Inc. has a 1 year low of $344.73 and a 1 year high of $697.49.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Thursday, July 18th. The Internet television network reported $4.88 EPS for the quarter, beating the consensus estimate of $4.74 by $0.14. The company had revenue of $9.56 billion during the quarter, compared to analysts’ expectations of $9.53 billion. Netflix had a return on equity of 32.93% and a net margin of 19.54%. The firm’s revenue was up 16.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.29 EPS. On average, analysts anticipate that Netflix, Inc. will post 19.08 EPS for the current year.

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.