9,526 Netflix, Inc. $NFLX Shares Acquired by Pension & Wealth Management Advisors Inc.

Pension & Wealth Management Advisors Inc. increased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 95,260.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,536 shares of the Internet television network’s stock after acquiring an additional 9,526 shares during the quarter. Pension & Wealth Management Advisors Inc.’s holdings in Netflix were worth $664,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Annex Advisory Services LLC lifted its holdings in Netflix by 7.7% in the third quarter. Annex Advisory Services LLC now owns 9,576 shares of the Internet television network’s stock worth $666,000 after acquiring an additional 688 shares during the last quarter. Granite Islands Private Wealth LLC grew its holdings in shares of Netflix by 1.4% during the third quarter. Granite Islands Private Wealth LLC now owns 40,930 shares of the Internet television network’s stock valued at $2,841,000 after purchasing an additional 570 shares during the last quarter. Michael J. Porro & Co. Financial Advisors Inc. grew its holdings in shares of Netflix by 3.7% during the third quarter. Michael J. Porro & Co. Financial Advisors Inc. now owns 12,736 shares of the Internet television network’s stock valued at $886,000 after purchasing an additional 460 shares during the last quarter. Paragon Capital Management Inc. raised its position in shares of Netflix by 5.9% during the 3rd quarter. Paragon Capital Management Inc. now owns 14,016 shares of the Internet television network’s stock worth $975,000 after purchasing an additional 786 shares during the period. Finally, Daytona Street Capital LLC raised its position in shares of Netflix by 41.7% during the 3rd quarter. Daytona Street Capital LLC now owns 72,179 shares of the Internet television network’s stock worth $4,868,000 after purchasing an additional 21,234 shares during the period. Institutional investors own 80.93% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on NFLX. BMO Capital Markets reissued an “outperform” rating and issued a $125.00 price target (down from $135.00) on shares of Netflix in a report on Friday. Rothschild & Co Redburn lowered their price objective on Netflix from $120.00 to $93.00 and set a “buy” rating for the company in a research note on Tuesday, July 21st. Jefferies Financial Group set a $85.00 target price on Netflix and gave the stock a “buy” rating in a research report on Thursday. Itau BBA Securities cut their target price on Netflix from $151.40 to $96.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 5th. Finally, Guggenheim reiterated a “buy” rating and issued a $80.00 target price (up from $75.00) on shares of Netflix in a research note on Thursday, October 1st. Four analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $93.82.

Netflix Stock Performance

Shares of NASDAQ NFLX traded down $2.08 during midday trading on Friday, hitting $70.53. 44,092,721 shares of the company’s stock were exchanged, compared to its average volume of 38,724,876. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.14 and a quick ratio of 1.14. The stock’s 50 day moving average price is $75.17 and its 200-day moving average price is $80.66. The firm has a market cap of $293.68 billion, a P/E ratio of 22.20, a PEG ratio of 1.02 and a beta of 1.62. Netflix, Inc. has a twelve month low of $65.08 and a twelve month high of $124.86.

Netflix (NASDAQ:NFLX) last posted its earnings results on Thursday, July 16th. The Internet television network reported $0.80 EPS for the quarter, beating the consensus estimate of $0.79 by $0.01. The firm had revenue of $12.56 billion for the quarter, compared to analysts’ expectations of $12.58 billion. Netflix had a return on equity of 40.02% and a net margin of 28.22%. The firm’s revenue was up 13.4% compared to the same quarter last year. During the same period last year, the firm earned $0.72 EPS. Equities research analysts anticipate that Netflix, Inc. will post 3.59 EPS for the current year.

Key Stories Impacting Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Jefferies upgraded Netflix (NFLX) to “strong buy,” citing potential support from pricing increases and advertising growth. Wedbush also maintained an “outperform” rating, although it lowered its price target to $90 from $105. Netflix stock gets bullish analyst call
• Positive Sentiment: Options activity is signaling expectations for a substantial post-earnings move, while sentiment remains bullish in some derivatives markets. Technical analysts also see a possible double-bottom pattern, with a break above $83.60 potentially opening a path toward $102.12. Barchart Netflix earnings outlook
• Neutral Sentiment: Netflix is replacing Chief Content Officer Bela Bajaria with former Disney and Fox executive Peter Rice. His experience across scripted programming, live sports, unscripted content and theatrical distribution could help Netflix develop new hits, but the abrupt change before earnings highlights pressure to improve engagement. Netflix appoints Peter Rice
• Negative Sentiment: Netflix announced plans to eliminate about 1,000 jobs, or 6% of its workforce, one day before the content-chief transition. Although the cuts may improve efficiency, investors viewed them as evidence of a sharper growth reset and concerns about the company’s content strategy. Netflix shares under pressure after content chief departure
• Negative Sentiment: Pre-earnings concerns include slowing viewership, rising churn, declining engagement and intensifying competition. Analysts also warn that Netflix’s premium valuation leaves little room for disappointing guidance, while options traders anticipate a move that could take the stock toward a two-year low. Netflix Q3 earnings outlook

Insider Activity at Netflix

In other Netflix news, CEO Gregory Peters sold 27,312 shares of the business’s stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $73.54, for a total transaction of $2,008,524.48. Following the completion of the transaction, the chief executive officer owned 120,931 shares in the company, valued at approximately $8,893,265.74. The trade was a 18.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Theodore Sarandos sold 105,850 shares of the stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $73.03, for a total value of $7,730,225.50. Following the completion of the transaction, the chief executive officer directly owned 206,266 shares of the company’s stock, valued at approximately $15,063,605.98. The trade was a 33.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 179,045 shares of company stock worth $13,132,194 in the last ninety days. 1.24% of the stock is currently owned by corporate insiders.

Netflix Profile

Netflix, Inc (NASDAQ:NFLX) is a global entertainment company that operates a subscription-based streaming service. It offers a broad range of television series, films, documentaries, and other programming, including original productions developed under the Netflix brand and licensed content from third-party studios.

The company also provides advertising-supported viewing options in some markets and has expanded into related entertainment categories, including mobile and cloud-based games, live programming, and consumer products associated with selected titles.