Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Signal Advisors Wealth LLC

Signal Advisors Wealth LLC reduced its holdings in Netflix, Inc. (NASDAQ:NFLX) by 21.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 622 shares of the Internet television network’s stock after selling 169 shares during the period. Signal Advisors Wealth LLC’s holdings in Netflix were worth $580,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Ullmann Wealth Partners Group LLC grew its holdings in Netflix by 8.7% in the first quarter. Ullmann Wealth Partners Group LLC now owns 389 shares of the Internet television network’s stock valued at $363,000 after purchasing an additional 31 shares during the period. Foster Group Inc. grew its holdings in Netflix by 26.3% in the first quarter. Foster Group Inc. now owns 658 shares of the Internet television network’s stock valued at $614,000 after purchasing an additional 137 shares during the period. Vest Financial LLC grew its holdings in Netflix by 70.7% in the first quarter. Vest Financial LLC now owns 3,365 shares of the Internet television network’s stock valued at $3,138,000 after purchasing an additional 1,394 shares during the period. Annex Advisory Services LLC grew its holdings in Netflix by 15.4% in the first quarter. Annex Advisory Services LLC now owns 781 shares of the Internet television network’s stock valued at $728,000 after purchasing an additional 104 shares during the period. Finally, Breakwater Capital Group grew its holdings in Netflix by 7.7% in the first quarter. Breakwater Capital Group now owns 589 shares of the Internet television network’s stock valued at $549,000 after purchasing an additional 42 shares during the period. 80.93% of the stock is owned by institutional investors and hedge funds.

Netflix Stock Down 0.7%

Shares of NFLX opened at $1,241.47 on Friday. The firm has a market cap of $528.33 billion, a P/E ratio of 62.61, a price-to-earnings-growth ratio of 2.12 and a beta of 1.59. Netflix, Inc. has a 12-month low of $587.04 and a 12-month high of $1,262.81. The company’s 50-day moving average price is $1,087.80 and its 200 day moving average price is $987.81. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.74 by $0.87. The firm had revenue of $10.54 billion for the quarter, compared to analyst estimates of $10.51 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. During the same period in the previous year, the firm earned $8.28 EPS. On average, sell-side analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insiders Place Their Bets

In other Netflix news, Director Ann Mather sold 1,358 shares of the business’s stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $1,150.00, for a total transaction of $1,561,700.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Reed Hastings sold 26,933 shares of the business’s stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $1,211.66, for a total transaction of $32,633,638.78. Following the sale, the director now owns 394 shares in the company, valued at $477,394.04. This trade represents a 98.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 153,390 shares of company stock worth $170,509,439 over the last three months. Company insiders own 1.37% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on NFLX. FBN Securities began coverage on Netflix in a report on Thursday, March 27th. They issued an “outperform” rating and a $1,165.00 price objective on the stock. Benchmark reaffirmed a “hold” rating on shares of Netflix in a research note on Monday, April 21st. Wedbush reaffirmed an “outperform” rating and issued a $1,200.00 price target on shares of Netflix in a research note on Monday, May 5th. Macquarie lifted their price target on Netflix from $1,150.00 to $1,200.00 and gave the stock an “outperform” rating in a research note on Monday, April 21st. Finally, Cfra Research raised Netflix to a “strong-buy” rating in a research note on Monday, April 28th. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,149.91.

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.