Marcum Wealth LLC Grows Position in Netflix, Inc. (NASDAQ:NFLX)

Marcum Wealth LLC grew its holdings in Netflix, Inc. (NASDAQ:NFLXFree Report) by 1.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,613 shares of the Internet television network’s stock after acquiring an additional 16 shares during the period. Marcum Wealth LLC’s holdings in Netflix were worth $1,504,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Pathway Financial Advisers LLC lifted its position in shares of Netflix by 82.4% in the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network’s stock valued at $27,000 after acquiring an additional 14 shares in the last quarter. Brown Shipley& Co Ltd purchased a new position in shares of Netflix in the fourth quarter valued at about $27,000. Transce3nd LLC purchased a new position in shares of Netflix in the fourth quarter valued at about $32,000. Newton One Investments LLC purchased a new position in shares of Netflix in the fourth quarter valued at about $34,000. Finally, Pineridge Advisors LLC lifted its position in shares of Netflix by 4,000.0% in the fourth quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network’s stock valued at $37,000 after acquiring an additional 40 shares in the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CAO Jeffrey William Karbowski sold 640 shares of the stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $1,194.77, for a total value of $764,652.80. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Bradford L. Smith sold 3,919 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $1,124.26, for a total value of $4,405,974.94. Following the completion of the transaction, the director now directly owns 7,969 shares in the company, valued at approximately $8,959,227.94. This trade represents a 32.97% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 133,348 shares of company stock valued at $139,087,908. 1.37% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Guggenheim restated a “buy” rating and issued a $1,150.00 price objective (up from $1,100.00) on shares of Netflix in a research report on Friday, April 18th. Wedbush restated an “outperform” rating and issued a $1,200.00 price objective on shares of Netflix in a research report on Monday, May 5th. FBN Securities assumed coverage on Netflix in a research report on Thursday, March 27th. They issued an “outperform” rating and a $1,165.00 price objective on the stock. Oppenheimer restated an “outperform” rating and issued a $1,200.00 price objective (up from $1,150.00) on shares of Netflix in a research report on Friday, April 18th. Finally, Evercore ISI reaffirmed an “outperform” rating on shares of Netflix in a report on Thursday, May 15th. Eleven investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $1,102.79.

Get Our Latest Stock Analysis on NFLX

Netflix Trading Down 0.2%

NFLX opened at $1,208.55 on Thursday. The stock has a market cap of $514.32 billion, a price-to-earnings ratio of 60.95, a P/E/G ratio of 2.12 and a beta of 1.58. The stock’s 50 day moving average price is $1,050.92 and its 200-day moving average price is $969.04. Netflix, Inc. has a one year low of $587.04 and a one year high of $1,215.91. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22.

Netflix (NASDAQ:NFLXGet Free Report) last released its earnings results on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, beating analysts’ consensus estimates of $5.74 by $0.87. The firm had revenue of $10.54 billion for the quarter, compared to analysts’ expectations of $10.51 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. During the same quarter in the prior year, the firm posted $8.28 earnings per share. On average, equities analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.

About Netflix

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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