CFM Wealth Partners LLC Buys 167 Shares of Netflix, Inc. (NASDAQ:NFLX)

CFM Wealth Partners LLC boosted its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 3.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,281 shares of the Internet television network’s stock after acquiring an additional 167 shares during the quarter. CFM Wealth Partners LLC’s holdings in Netflix were worth $4,925,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Janus Henderson Group PLC lifted its holdings in Netflix by 8.7% during the 4th quarter. Janus Henderson Group PLC now owns 1,377,081 shares of the Internet television network’s stock valued at $1,227,468,000 after purchasing an additional 110,432 shares during the last quarter. PharVision Advisers LLC bought a new stake in Netflix during the fourth quarter worth about $873,000. New England Research & Management Inc. increased its holdings in shares of Netflix by 148.5% during the first quarter. New England Research & Management Inc. now owns 2,122 shares of the Internet television network’s stock worth $1,979,000 after buying an additional 1,268 shares in the last quarter. First National Trust Co raised its stake in shares of Netflix by 1.0% in the fourth quarter. First National Trust Co now owns 1,258 shares of the Internet television network’s stock valued at $1,121,000 after acquiring an additional 12 shares during the last quarter. Finally, Haven Private LLC bought a new position in shares of Netflix in the fourth quarter valued at approximately $733,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Netflix

In other Netflix news, insider Cletus R. Willems sold 298 shares of Netflix stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $1,138.00, for a total value of $339,124.00. Following the sale, the insider now owns 31,610 shares of the company’s stock, valued at $35,972,180. This trade represents a 0.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Reed Hastings sold 25,360 shares of the company’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $921.15, for a total value of $23,360,364.00. Following the transaction, the chairman now directly owns 394 shares of the company’s stock, valued at $362,933.10. This represents a 98.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 185,280 shares of company stock valued at $210,599,866. 1.37% of the stock is currently owned by corporate insiders.

Netflix Stock Up 1.3%

Shares of NASDAQ:NFLX opened at $1,323.12 on Friday. Netflix, Inc. has a 52 week low of $587.04 and a 52 week high of $1,331.35. The company has a market capitalization of $563.08 billion, a PE ratio of 62.53, a PEG ratio of 2.56 and a beta of 1.59. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.20 and a current ratio of 1.20. The company has a 50 day moving average price of $1,183.25 and a two-hundred day moving average price of $1,024.18.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, beating the consensus estimate of $5.74 by $0.87. Netflix had a return on equity of 39.61% and a net margin of 23.07%. The business had revenue of $10.54 billion for the quarter, compared to analysts’ expectations of $10.51 billion. During the same quarter in the previous year, the business posted $8.28 EPS. Analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently commented on NFLX shares. Robert W. Baird increased their price target on Netflix from $1,200.00 to $1,300.00 and gave the stock an “outperform” rating in a research report on Friday, May 16th. Piper Sandler set a $1,150.00 price objective on Netflix and gave the stock an “overweight” rating in a research note on Monday, April 21st. JPMorgan Chase & Co. restated a “neutral” rating and set a $1,220.00 target price (up previously from $1,150.00) on shares of Netflix in a report on Monday, May 19th. UBS Group raised their target price on Netflix from $1,150.00 to $1,450.00 and gave the company a “buy” rating in a research note on Wednesday, June 4th. Finally, Guggenheim reiterated a “buy” rating and set a $1,150.00 price target (up previously from $1,100.00) on shares of Netflix in a research report on Friday, April 18th. Eleven investment 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. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,172.73.

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.