Netflix, Inc. $NFLX Shares Bought by Planned Solutions Inc.

Planned Solutions Inc. boosted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 16.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 787 shares of the Internet television network’s stock after purchasing an additional 110 shares during the quarter. Planned Solutions Inc.’s holdings in Netflix were worth $1,054,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Disciplined Investments LLC acquired a new position in shares of Netflix during the 2nd quarter worth approximately $209,000. Arcus Capital Partners LLC purchased a new stake in Netflix in the 2nd quarter worth $279,000. Joseph P. Lucia & Associates LLC raised its position in Netflix by 92.1% during the second quarter. Joseph P. Lucia & Associates LLC now owns 782 shares of the Internet television network’s stock worth $1,047,000 after acquiring an additional 375 shares during the period. Wealthstream Advisors Inc. raised its position in Netflix by 8.8% during the second quarter. Wealthstream Advisors Inc. now owns 1,066 shares of the Internet television network’s stock worth $1,428,000 after acquiring an additional 86 shares during the period. Finally, International Assets Investment Management LLC lifted its holdings in Netflix by 5.2% during the second quarter. International Assets Investment Management LLC now owns 8,511 shares of the Internet television network’s stock valued at $11,397,000 after purchasing an additional 423 shares in the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on NFLX shares. Seaport Res Ptn raised shares of Netflix from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 6th. Weiss Ratings reiterated a “buy (b)” rating on shares of Netflix in a report on Wednesday, October 8th. Wedbush reiterated an “outperform” rating on shares of Netflix in a research note on Wednesday. Piper Sandler raised their target price on Netflix from $1,400.00 to $1,500.00 and gave the company an “overweight” rating in a research report on Friday, July 18th. Finally, TD Cowen lowered their price target on Netflix from $1,450.00 to $1,425.00 and set a “buy” rating on the stock in a research note on Tuesday, October 7th. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $1,339.81.

Netflix Stock Performance

Shares of Netflix stock opened at $1,199.36 on Friday. The business’s 50 day moving average price is $1,213.47 and its 200 day moving average price is $1,177.58. The company has a market cap of $509.64 billion, a price-to-earnings ratio of 51.10, 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. Netflix, Inc. has a one year low of $736.23 and a one year high of $1,341.15.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, topping analysts’ consensus estimates of $7.07 by $0.12. The company had revenue of $11.08 billion for the quarter, compared to analyst estimates of $11.04 billion. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The firm’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.88 earnings per share. On average, research analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Activity at Netflix

In other Netflix news, CEO Theodore A. Sarandos sold 2,026 shares of the business’s stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $1,160.62, for a total transaction of $2,351,416.12. Following the transaction, the chief executive officer owned 15,168 shares of the company’s stock, valued at approximately $17,604,284.16. The trade was a 11.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Gregory K. Peters sold 2,026 shares of the business’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 transaction, the chief executive officer directly owned 12,781 shares in the company, valued at $14,793,240.64. This trade represents a 13.68% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 104,100 shares of company stock valued at $122,710,980 in the last three months. Company insiders own 1.37% of the company’s stock.

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.