Evolution Wealth Advisors LLC Buys 109 Shares of Netflix, Inc. (NASDAQ:NFLX)

Evolution Wealth Advisors LLC grew its holdings in Netflix, Inc. (NASDAQ:NFLX) by 21.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 625 shares of the Internet television network’s stock after acquiring an additional 109 shares during the quarter. Evolution Wealth Advisors LLC’s holdings in Netflix were worth $380,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Columbia Trust Co 01012016 boosted its stake in shares of Netflix by 15.3% in the fourth quarter. Columbia Trust Co 01012016 now owns 1,566 shares of the Internet television network’s stock worth $762,000 after acquiring an additional 208 shares during the last quarter. Crumly & Associates Inc. boosted its stake in Netflix by 4.1% during the fourth quarter. Crumly & Associates Inc. now owns 2,105 shares of the Internet television network’s stock worth $1,025,000 after buying an additional 83 shares during the last quarter. Venture Visionary Partners LLC boosted its stake in Netflix by 15.4% during the fourth quarter. Venture Visionary Partners LLC now owns 9,849 shares of the Internet television network’s stock worth $4,795,000 after buying an additional 1,318 shares during the last quarter. Sandy Cove Advisors LLC lifted its stake in shares of Netflix by 10.6% in the 4th quarter. Sandy Cove Advisors LLC now owns 1,187 shares of the Internet television network’s stock valued at $578,000 after purchasing an additional 114 shares during the last quarter. Finally, Malaga Cove Capital LLC lifted its stake in shares of Netflix by 25.4% in the 4th quarter. Malaga Cove Capital LLC now owns 1,562 shares of the Internet television network’s stock valued at $761,000 after purchasing an additional 316 shares during the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Netflix news, Director Anne M. Sweeney sold 633 shares of the business’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $560.00, for a total transaction of $354,480.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, Chairman Reed Hastings sold 18,361 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $551.54, for a total value of $10,126,825.94. Following the transaction, the chairman now owns 28 shares in the company, valued at approximately $15,443.12. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Anne M. Sweeney sold 633 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $560.00, for a total transaction of $354,480.00. The disclosure for this sale can be found here. Insiders have sold 71,385 shares of company stock valued at $44,469,351 in the last three months. 1.76% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

NFLX has been the topic of several recent analyst reports. KeyCorp upped their price target on Netflix from $705.00 to $707.00 and gave the company an “overweight” rating in a research note on Thursday, June 13th. Macquarie boosted their price objective on Netflix from $595.00 to $685.00 and gave the company an “outperform” rating in a report on Tuesday, April 16th. Argus boosted their price objective on Netflix from $660.00 to $767.00 and gave the company a “buy” rating in a report on Tuesday. Loop Capital boosted their price objective on Netflix from $700.00 to $750.00 and gave the company a “buy” rating in a report on Tuesday, June 18th. Finally, Barclays upped their price target on Netflix from $475.00 to $550.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 9th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-four have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $637.34.

Netflix Trading Up 0.4 %

Shares of NFLX stock traded up $2.93 on Wednesday, hitting $682.51. The stock had a trading volume of 1,399,131 shares, compared to its average volume of 3,945,165. Netflix, Inc. has a twelve month low of $344.73 and a twelve month high of $689.88. The firm has a market cap of $294.16 billion, a P/E ratio of 47.18, a PEG ratio of 1.46 and a beta of 1.27. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.62. The company has a fifty day moving average price of $633.35 and a two-hundred day moving average price of $587.97.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.51 by $0.77. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The company had revenue of $9.37 billion during the quarter, compared to analyst estimates of $9.28 billion. During the same quarter in the previous year, the business earned $2.88 EPS. The firm’s revenue was up 14.8% on a year-over-year basis. As a group, analysts forecast that Netflix, Inc. will post 18.31 earnings per share for the current fiscal year.

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.