WBH Advisory Inc. Purchases New Holdings in Netflix, Inc. $NFLX

WBH Advisory Inc. purchased a new stake in Netflix, Inc. (NASDAQ:NFLX) in the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 197 shares of the Internet television network’s stock, valued at approximately $264,000.

Several other institutional investors have also made changes to their positions in the stock. Brighton Jones LLC raised its position in Netflix by 5.0% during the fourth quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network’s stock valued at $4,804,000 after purchasing an additional 257 shares in the last quarter. Revolve Wealth Partners LLC raised its position in Netflix by 16.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network’s stock valued at $912,000 after purchasing an additional 144 shares in the last quarter. GAMMA Investing LLC raised its position in Netflix by 17.6% during the first quarter. GAMMA Investing LLC now owns 9,475 shares of the Internet television network’s stock valued at $8,836,000 after purchasing an additional 1,415 shares in the last quarter. Crews Bank & Trust raised its position in Netflix by 15.0% during the first quarter. Crews Bank & Trust now owns 153 shares of the Internet television network’s stock valued at $143,000 after purchasing an additional 20 shares in the last quarter. Finally, Flagship Harbor Advisors LLC raised its position in Netflix by 1.1% during the first quarter. Flagship Harbor Advisors LLC now owns 10,476 shares of the Internet television network’s stock valued at $9,769,000 after purchasing an additional 110 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors.

Netflix Stock Up 3.3%

Shares of NASDAQ:NFLX opened at $1,238.56 on Tuesday. The company has a fifty day moving average of $1,213.87 and a 200-day moving average of $1,182.08. The company has a market capitalization of $526.30 billion, a PE ratio of 52.77, a price-to-earnings-growth 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 52-week low of $744.26 and a 52-week high of $1,341.15.

Analyst Ratings Changes

NFLX has been the subject of several research analyst reports. Loop Capital upgraded shares of Netflix from a “hold” rating to a “buy” rating and boosted their price objective for the company from $1,150.00 to $1,350.00 in a research report on Wednesday, September 17th. Phillip Securities downgraded shares of Netflix from a “hold” rating to a “strong sell” rating in a research report on Monday, July 21st. Morgan Stanley set a $1,500.00 price objective on shares of Netflix in a research report on Monday, October 13th. Seaport Res Ptn upgraded shares of Netflix from a “hold” rating to a “strong-buy” rating in a report on Monday, October 6th. Finally, JPMorgan Chase & Co. upped their price target on shares of Netflix from $1,230.00 to $1,300.00 and gave the stock a “neutral” rating in a report on Friday, July 18th. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Netflix has a consensus rating of “Moderate Buy” and an average price target of $1,339.81.

Insiders Place Their Bets

In related news, CEO Theodore A. Sarandos sold 2,026 shares of the stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $1,160.62, for a total value of $2,351,416.12. Following the completion of the sale, the chief executive officer directly owned 15,168 shares in the company, valued at $17,604,284.16. This represents a 11.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Reed Hastings sold 42,176 shares of the stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $1,171.92, for a total value of $49,426,897.92. Following the completion of the sale, the director owned 394 shares of the company’s stock, valued at $461,736.48. The trade was a 99.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 104,100 shares of company stock valued at $122,710,980 over the last ninety days. 1.37% of the stock is currently owned by corporate insiders.

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.