Libra Wealth LLC Has $3.60 Million Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Libra Wealth LLC increased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 12.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,329 shares of the Internet television network’s stock after buying an additional 595 shares during the quarter. Netflix accounts for about 1.6% of Libra Wealth LLC’s holdings, making the stock its 16th biggest holding. Libra Wealth LLC’s holdings in Netflix were worth $3,596,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. Denver PWM LLC bought a new stake in Netflix during the 2nd quarter worth $25,000. Valued Wealth Advisors LLC grew its holdings in shares of Netflix by 80.0% during the first quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock worth $27,000 after purchasing an additional 20 shares during the last quarter. VitalStone Financial LLC raised its holdings 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 buying an additional 56 shares during the last quarter. Beaird Harris Wealth Management LLC boosted its position in Netflix by 1,550.0% during the 4th 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 during the period. Finally, Scarborough Advisors LLC bought a new stake in Netflix during the 4th quarter worth approximately $32,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Netflix news, Director Leslie J. Kilgore sold 428 shares of the stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $715.00, for a total value of $306,020.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Gregory K. Peters sold 1,278 shares of the business’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $614.44, for a total value of $785,254.32. Following the transaction, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at approximately $8,043,019.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Leslie J. Kilgore sold 428 shares of the stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $715.00, for a total transaction of $306,020.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 197,226 shares of company stock worth $129,858,692. 1.76% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on NFLX. Pivotal Research lifted their price target on shares of Netflix from $800.00 to $900.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Guggenheim upped their price target on Netflix from $700.00 to $735.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. Benchmark raised their price objective on Netflix from $450.00 to $545.00 and gave the stock a “sell” rating in a research report on Tuesday, July 16th. Macquarie reissued an “outperform” rating and set a $685.00 target price on shares of Netflix in a research report on Tuesday, July 16th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $725.00 price objective on shares of Netflix in a research note on Tuesday, July 30th. One investment 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 stock. According to MarketBeat, Netflix currently has a consensus rating of “Moderate Buy” and an average target price of $685.29.

Netflix Stock Down 0.5 %

NFLX stock opened at $701.03 on Friday. The firm has a market capitalization of $302.14 billion, a PE ratio of 48.65, a P/E/G ratio of 1.40 and a beta of 1.26. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.55. Netflix, Inc. has a twelve month low of $344.73 and a twelve month high of $715.66. The stock’s 50 day moving average is $663.00 and its 200-day moving average is $640.55.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Thursday, July 18th. The Internet television network reported $4.88 earnings per share for the quarter, beating the consensus estimate of $4.74 by $0.14. Netflix had a return on equity of 32.93% and a net margin of 19.54%. The business had revenue of $9.56 billion for the quarter, compared to analysts’ expectations of $9.53 billion. During the same period last year, the business earned $3.29 EPS. The business’s revenue was up 16.8% on a year-over-year basis. Sell-side analysts expect that Netflix, Inc. will post 19.08 EPS for the current fiscal year.

Netflix Company 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.