EverSource Wealth Advisors LLC Boosts Position in Netflix, Inc. (NASDAQ:NFLX)

EverSource Wealth Advisors LLC grew its stake in Netflix, Inc. (NASDAQ:NFLX) by 7.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,614 shares of the Internet television network’s stock after acquiring an additional 337 shares during the period. EverSource Wealth Advisors LLC’s holdings in Netflix were worth $2,899,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Obermeyer Wood Investment Counsel Lllp grew its holdings in shares of Netflix by 2.8% in the first quarter. Obermeyer Wood Investment Counsel Lllp now owns 623 shares of the Internet television network’s stock valued at $378,000 after purchasing an additional 17 shares in the last quarter. Private Portfolio Partners LLC grew its stake in shares of Netflix by 1.7% in the first quarter. Private Portfolio Partners LLC now owns 1,042 shares of the Internet television network’s stock worth $633,000 after acquiring an additional 17 shares in the last quarter. FAS Wealth Partners Inc. increased its position in shares of Netflix by 1.5% during the second quarter. FAS Wealth Partners Inc. now owns 1,164 shares of the Internet television network’s stock worth $786,000 after acquiring an additional 17 shares during the period. Founders Financial Alliance LLC raised its stake in shares of Netflix by 2.4% in the fourth quarter. Founders Financial Alliance LLC now owns 757 shares of the Internet television network’s stock valued at $369,000 after acquiring an additional 18 shares in the last quarter. Finally, Capital Advisors Ltd. LLC boosted its holdings in Netflix by 4.6% in the first quarter. Capital Advisors Ltd. LLC now owns 411 shares of the Internet television network’s stock valued at $250,000 after purchasing an additional 18 shares during the period. 80.93% of the stock is owned by hedge funds and other institutional investors.

Netflix Stock Down 0.5 %

Shares of Netflix stock opened at $701.03 on Friday. Netflix, Inc. has a one year low of $344.73 and a one year high of $715.66. The company has a market cap of $302.14 billion, a P/E ratio of 48.65, a PEG ratio of 1.40 and a beta of 1.26. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a fifty day moving average of $663.00 and a two-hundred day moving average of $640.85.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Thursday, July 18th. The Internet television network reported $4.88 earnings per share for the quarter, beating analysts’ consensus estimates of $4.74 by $0.14. Netflix had a return on equity of 32.93% and a net margin of 19.54%. The company had revenue of $9.56 billion for the quarter, compared to analyst estimates of $9.53 billion. During the same quarter in the previous year, the company earned $3.29 EPS. The firm’s revenue for the quarter was up 16.8% compared to the same quarter last year. On average, analysts forecast that Netflix, Inc. will post 19.08 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on NFLX shares. Oppenheimer restated an “outperform” rating and set a $725.00 price target on shares of Netflix in a report on Tuesday, July 30th. Jefferies Financial Group upped their target price on shares of Netflix from $655.00 to $780.00 and gave the stock a “buy” rating in a research note on Tuesday, July 16th. Evercore ISI lifted their price target on shares of Netflix from $710.00 to $750.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 27th. TD Cowen increased their price objective on shares of Netflix from $725.00 to $775.00 and gave the company a “buy” rating in a research report on Tuesday, July 9th. Finally, Macquarie reaffirmed an “outperform” rating and set a $685.00 price objective on shares of Netflix in a research report on Tuesday, July 16th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-four have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $685.29.

Insider Activity at Netflix

In other Netflix news, CFO Spencer Adam Neumann sold 433 shares of the stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $626.19, for a total value of $271,140.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Netflix news, CFO Spencer Adam Neumann sold 433 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $626.19, for a total transaction of $271,140.27. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jay C. Hoag sold 43,750 shares of Netflix stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $687.07, for a total transaction of $30,059,312.50. Following the sale, the director now owns 95,040 shares of the company’s stock, valued at $65,299,132.80. The disclosure for this sale can be found here. Insiders have sold a total of 197,226 shares of company stock worth $129,858,692 over the last three months. 1.76% of the stock is currently owned by corporate insiders.

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.