Advance Capital Management Inc. Buys Shares of 799 Netflix, Inc. (NASDAQ:NFLX)

Advance Capital Management Inc. purchased a new stake in Netflix, Inc. (NASDAQ:NFLXFree Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 799 shares of the Internet television network’s stock, valued at approximately $485,000.

Several other large investors have also modified their holdings of NFLX. Spartan Planning & Wealth Management purchased a new stake in Netflix during the 3rd quarter worth about $26,000. VitalStone Financial LLC boosted its stake in shares of Netflix by 933.3% during the 4th quarter. VitalStone Financial LLC now owns 62 shares of the Internet television network’s stock worth $30,000 after purchasing an additional 56 shares during the last quarter. Beaird Harris Wealth Management LLC grew its holdings in shares of Netflix by 1,550.0% during the fourth quarter. Beaird Harris Wealth Management LLC now owns 66 shares of the Internet television network’s stock worth $32,000 after buying an additional 62 shares in the last quarter. Scarborough Advisors LLC acquired a new position in shares of Netflix in the fourth quarter valued at approximately $32,000. Finally, Blue Bell Private Wealth Management LLC raised its position in shares of Netflix by 89.7% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 74 shares of the Internet television network’s stock valued at $36,000 after buying an additional 35 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have commented on NFLX. Sanford C. Bernstein lifted their target price on shares of Netflix from $490.00 to $600.00 and gave the stock a “market perform” rating in a research note on Friday, April 19th. Benchmark lifted their price objective on Netflix from $440.00 to $450.00 and gave the company a “sell” rating in a research report on Friday, May 17th. Wedbush reiterated an “outperform” rating and issued a $725.00 target price on shares of Netflix in a research note on Monday, May 20th. Rosenblatt Securities raised their price target on Netflix from $540.00 to $554.00 and gave the stock a “neutral” rating in a research note on Friday, May 17th. Finally, Barclays lifted their price target on Netflix from $475.00 to $550.00 and gave the company an “equal weight” rating in a report on Tuesday, April 9th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Netflix has a consensus rating of “Moderate Buy” and a consensus target price of $633.53.

Check Out Our Latest Analysis on NFLX

Insiders Place Their Bets

In other news, insider David A. Hyman sold 268 shares of Netflix stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $593.62, for a total value of $159,090.16. Following the completion of the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at approximately $18,764,328.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, insider David A. Hyman sold 268 shares of the stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $593.62, for a total transaction of $159,090.16. Following the sale, the insider now directly owns 31,610 shares in the company, valued at approximately $18,764,328.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gregory K. Peters sold 4,783 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $675.00, for a total value of $3,228,525.00. Following the transaction, the chief executive officer now owns 13,090 shares of the company’s stock, valued at approximately $8,835,750. The disclosure for this sale can be found here. Insiders sold a total of 69,425 shares of company stock valued at $41,919,791 over the last 90 days. 1.76% of the stock is owned by company insiders.

Netflix Stock Performance

Shares of NFLX stock opened at $685.67 on Wednesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.07 and a current ratio of 1.07. The stock has a market capitalization of $295.52 billion, a price-to-earnings ratio of 47.58, a PEG ratio of 1.46 and a beta of 1.26. Netflix, Inc. has a one year low of $344.73 and a one year high of $687.06. The company’s 50-day simple moving average is $617.83 and its 200-day simple moving average is $572.64.

Netflix (NASDAQ:NFLXGet Free Report) last released its earnings results on Thursday, April 18th. The Internet television network reported $5.28 EPS for the quarter, topping analysts’ consensus estimates of $4.51 by $0.77. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The company had revenue of $9.37 billion for the quarter, compared to the consensus estimate of $9.28 billion. During the same quarter last year, the business posted $2.88 EPS. Netflix’s quarterly revenue was up 14.8% compared to the same quarter last year. Equities analysts anticipate that Netflix, Inc. will post 18.31 earnings per share for the current fiscal year.

Netflix Company Profile

(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.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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