Netflix, Inc. (NASDAQ:NFLX) Shares Bought by U.S. Capital Wealth Advisors LLC

U.S. Capital Wealth Advisors LLC grew its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 33.3% in the 4th quarter, Holdings Channel reports. The fund owned 5,218 shares of the Internet television network’s stock after acquiring an additional 1,303 shares during the period. U.S. Capital Wealth Advisors LLC’s holdings in Netflix were worth $2,541,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of NFLX. KMG Fiduciary Partners LLC grew its stake in shares of Netflix by 11.5% during the third quarter. KMG Fiduciary Partners LLC now owns 4,504 shares of the Internet television network’s stock valued at $1,701,000 after acquiring an additional 465 shares in the last quarter. Everhart Financial Group Inc. grew its stake in Netflix by 2.9% in the third quarter. Everhart Financial Group Inc. now owns 2,114 shares of the Internet television network’s stock worth $798,000 after purchasing an additional 59 shares in the last quarter. Solstein Capital LLC grew its stake in Netflix by 94.9% in the third quarter. Solstein Capital LLC now owns 380 shares of the Internet television network’s stock worth $143,000 after purchasing an additional 185 shares in the last quarter. Verdence Capital Advisors LLC grew its stake in Netflix by 12.3% in the third quarter. Verdence Capital Advisors LLC now owns 1,246 shares of the Internet television network’s stock worth $470,000 after purchasing an additional 136 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Netflix by 0.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 90,655 shares of the Internet television network’s stock worth $34,231,000 after purchasing an additional 567 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. UBS Group lifted their price target on Netflix from $570.00 to $685.00 and gave the stock a “buy” rating in a research note on Tuesday, February 27th. Morgan Stanley raised their target price on shares of Netflix from $600.00 to $700.00 and gave the stock an “overweight” rating in a report on Friday, April 12th. Benchmark reissued a “sell” rating and issued a $440.00 target price on shares of Netflix in a report on Thursday, April 18th. Needham & Company LLC raised Netflix from a “hold” rating to a “buy” rating and set a $700.00 price target on the stock in a report on Friday, April 19th. Finally, Canaccord Genuity Group cut Netflix from a “buy” rating to a “hold” rating and cut their price target for the company from $720.00 to $585.00 in a report on Friday, April 19th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-three have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $631.15.

Netflix Trading Up 2.5 %

NASDAQ NFLX traded up $14.19 on Friday, hitting $579.34. 3,307,524 shares of the stock were exchanged, compared to its average volume of 4,520,712. The company’s 50-day moving average price is $602.57 and its two-hundred day moving average price is $526.33. The company has a market capitalization of $249.67 billion, a price-to-earnings ratio of 40.20, a P/E/G ratio of 1.40 and a beta of 1.23. Netflix, Inc. has a 52-week low of $317.95 and a 52-week high of $639.00. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.07 and a quick ratio of 1.07.

Netflix (NASDAQ:NFLX) last issued its earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.51 by $0.77. The company had revenue of $9.37 billion during the quarter, compared to analyst estimates of $9.28 billion. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The company’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same quarter last year, the business posted $2.88 EPS. Research analysts predict that Netflix, Inc. will post 18.3 EPS for the current year.

Insider Buying and Selling at Netflix

In other Netflix news, insider David A. Hyman sold 267 shares of Netflix stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $556.01, for a total transaction of $148,454.67. Following the completion of the sale, the insider now owns 31,610 shares of the company’s stock, valued at approximately $17,575,476.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, insider David A. Hyman sold 267 shares of Netflix stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $556.01, for a total value of $148,454.67. Following the completion of the sale, the insider now owns 31,610 shares of the company’s stock, valued at approximately $17,575,476.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Theodore A. Sarandos sold 68,957 shares of Netflix stock in a transaction on Friday, February 9th. The shares were sold at an average price of $561.33, for a total transaction of $38,707,632.81. Following the completion of the sale, the chief executive officer now directly owns 1,278 shares of the company’s stock, valued at approximately $717,379.74. The disclosure for this sale can be found here. Insiders sold 152,833 shares of company stock valued at $88,270,051 in the last quarter. Company insiders own 1.76% of the company’s stock.

Netflix 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.