Dynamic Advisor Solutions LLC Has $6.34 Million Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Dynamic Advisor Solutions LLC decreased its holdings in Netflix, Inc. (NASDAQ:NFLX) by 12.5% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,441 shares of the Internet television network’s stock after selling 1,485 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in Netflix were worth $6,341,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. VitalStone Financial LLC increased its position in Netflix by 933.3% in the 4th quarter. VitalStone Financial LLC now owns 62 shares of the Internet television network’s stock valued at $30,000 after acquiring an additional 56 shares in the last quarter. Scarborough Advisors LLC acquired a new stake in Netflix in the 4th quarter valued at about $32,000. Beaird Harris Wealth Management LLC increased its position in Netflix by 1,550.0% in the 4th quarter. Beaird Harris Wealth Management LLC now owns 66 shares of the Internet television network’s stock valued at $32,000 after acquiring an additional 62 shares in the last quarter. Spartan Planning & Wealth Management acquired a new stake in Netflix in the 3rd quarter valued at about $26,000. Finally, Blue Bell Private Wealth Management LLC increased its position in Netflix by 89.7% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 74 shares of the Internet television network’s stock valued at $36,000 after acquiring an additional 35 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on NFLX shares. Barclays raised their target price on shares of Netflix from $475.00 to $550.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 9th. UBS Group raised their target price on shares of Netflix from $570.00 to $685.00 and gave the company a “buy” rating in a research note on Tuesday, February 27th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Netflix from $525.00 to $550.00 and gave the company a “hold” rating in a research note on Monday, April 15th. Oppenheimer reissued an “outperform” rating and set a $725.00 price objective on shares of Netflix in a research note on Friday, April 19th. Finally, Rosenblatt Securities lifted their price objective on shares of Netflix from $540.00 to $554.00 and gave the stock a “neutral” rating in a research note on Friday, May 17th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-three have given a buy rating to the stock. According to data from MarketBeat, Netflix has a consensus rating of “Moderate Buy” and an average price target of $633.53.

Insider Activity at Netflix

In related news, Chairman Reed Hastings sold 20,566 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $610.42, for a total value of $12,553,897.72. Following the sale, the chairman now directly owns 28 shares in the company, valued at $17,091.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Netflix news, Chairman Reed Hastings sold 20,566 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $610.42, for a total transaction of $12,553,897.72. Following the transaction, the chairman now directly owns 28 shares in the company, valued at approximately $17,091.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 value of $354,480.00. The disclosure for this sale can be found here. Insiders have sold 69,425 shares of company stock worth $41,919,791 over the last ninety days. Insiders own 1.76% of the company’s stock.

Netflix Trading Up 0.5 %

Shares of Netflix stock opened at $672.41 on Wednesday. The firm has a 50-day moving average of $623.78 and a 200-day moving average of $580.61. Netflix, Inc. has a 52-week low of $344.73 and a 52-week high of $689.88. 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 cap of $289.81 billion, a PE ratio of 46.66, a PEG ratio of 1.45 and a beta of 1.26.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data 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 return on equity of 29.62% and a net margin of 18.42%. The company had revenue of $9.37 billion during the quarter, compared to the consensus estimate of $9.28 billion. During the same quarter in the prior year, the firm posted $2.88 earnings per share. The firm’s revenue was up 14.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Netflix, Inc. will post 18.31 EPS for the current 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.