Perfromance Wealth Partners LLC Takes $332,000 Position in Netflix, Inc. (NASDAQ:NFLX)

Perfromance Wealth Partners LLC purchased a new position in shares of Netflix, Inc. (NASDAQ:NFLX) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 468 shares of the Internet television network’s stock, valued at approximately $332,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NFLX. Denver PWM LLC acquired a new position in shares of Netflix during the 2nd quarter worth approximately $25,000. Valued Wealth Advisors LLC lifted its holdings in Netflix by 80.0% during the first quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock valued at $27,000 after purchasing an additional 20 shares in the last quarter. Beaird Harris Wealth Management LLC grew its position in shares of 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 during the period. Scarborough Advisors LLC purchased a new stake in shares of Netflix during the fourth quarter worth about $32,000. Finally, Indiana Trust & Investment Management CO raised its position in shares of Netflix by 112.0% during the 1st 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 last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Oppenheimer lifted their price objective on Netflix from $725.00 to $775.00 and gave the stock an “outperform” rating in a report on Thursday. Deutsche Bank Aktiengesellschaft lifted their price target on Netflix from $590.00 to $650.00 and gave the stock a “hold” rating in a research note on Wednesday. Jefferies Financial Group increased their price objective on Netflix from $655.00 to $780.00 and gave the company a “buy” rating in a research note on Tuesday, July 16th. Needham & Company LLC reaffirmed a “buy” rating and set a $700.00 target price on shares of Netflix in a research note on Friday, July 19th. Finally, Evercore ISI upped their target price on shares of Netflix from $710.00 to $750.00 and gave the stock an “outperform” rating in a report on Tuesday, August 27th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $702.79.

Insiders Place Their Bets

In other news, insider David A. Hyman sold 20,656 shares of Netflix stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $605.13, for a total value of $12,499,565.28. Following the completion of the transaction, the insider now owns 31,610 shares in the company, valued at approximately $19,128,159.30. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, insider David A. Hyman sold 20,656 shares of the firm’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $605.13, for a total value of $12,499,565.28. Following the sale, the insider now directly owns 31,610 shares in the company, valued at approximately $19,128,159.30. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gregory K. Peters sold 1,278 shares of the business’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $614.44, for a total transaction of $785,254.32. Following the transaction, the chief executive officer now owns 13,090 shares of the company’s stock, valued at approximately $8,043,019.60. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 225,167 shares of company stock worth $150,492,460 in the last quarter. 1.76% of the stock is owned by company insiders.

Netflix Trading Down 1.0 %

Netflix stock traded down $7.50 during midday trading on Friday, reaching $722.79. 2,299,525 shares of the stock traded hands, compared to its average volume of 3,649,776. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.55. The firm has a market cap of $311.52 billion, a PE ratio of 50.16, a price-to-earnings-growth ratio of 1.49 and a beta of 1.26. The company has a 50-day simple moving average of $686.60 and a two-hundred day simple moving average of $651.18. Netflix, Inc. has a 12-month low of $344.73 and a 12-month high of $736.00.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Thursday, July 18th. The Internet television network reported $4.88 earnings per share for the quarter, beating analysts’ consensus estimates of $4.74 by $0.14. The firm had revenue of $9.56 billion during the quarter, compared to analysts’ expectations of $9.53 billion. Netflix had a net margin of 19.54% and a return on equity of 32.93%. The business’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.29 earnings per share. Research analysts expect that Netflix, Inc. will post 19.08 earnings per share for the current fiscal year.

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.