Netflix, Inc. (NASDAQ:NFLX) Shares Bought by Aviso Wealth Management

Aviso Wealth Management boosted its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 1.0% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 11,325 shares of the Internet television network’s stock after acquiring an additional 115 shares during the quarter. Netflix comprises about 4.5% of Aviso Wealth Management’s portfolio, making the stock its 4th largest position. Aviso Wealth Management’s holdings in Netflix were worth $7,643,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Netflix by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 36,587,911 shares of the Internet television network’s stock valued at $22,220,936,000 after buying an additional 149,341 shares during the last quarter. Capital World Investors raised its stake in shares of Netflix by 0.7% during the 4th quarter. Capital World Investors now owns 11,744,636 shares of the Internet television network’s stock valued at $5,718,265,000 after buying an additional 78,320 shares during the last quarter. Jennison Associates LLC raised its stake in shares of Netflix by 17.0% during the 1st quarter. Jennison Associates LLC now owns 6,381,464 shares of the Internet television network’s stock valued at $3,875,655,000 after buying an additional 929,193 shares during the last quarter. Baillie Gifford & Co. raised its stake in shares of Netflix by 2.3% during the 2nd quarter. Baillie Gifford & Co. now owns 4,762,069 shares of the Internet television network’s stock valued at $3,213,825,000 after buying an additional 106,756 shares during the last quarter. Finally, Fisher Asset Management LLC raised its stake in shares of Netflix by 1.8% during the 4th quarter. Fisher Asset Management LLC now owns 4,115,613 shares of the Internet television network’s stock valued at $2,003,810,000 after buying an additional 72,807 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on NFLX shares. Macquarie reiterated an “outperform” rating and set a $685.00 price objective on shares of Netflix in a research note on Tuesday, July 16th. Redburn Atlantic lifted their price target on Netflix from $740.00 to $760.00 and gave the company a “buy” rating in a research note on Friday, July 19th. Loop Capital lifted their price target on Netflix from $700.00 to $750.00 and gave the company a “buy” rating in a research note on Tuesday, June 18th. Pivotal Research lifted their price target on Netflix from $800.00 to $900.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Finally, Piper Sandler lifted their price target on Netflix from $600.00 to $650.00 and gave the company a “neutral” rating in a research note on Friday, July 19th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $685.29.

Insider Activity

In other news, Chairman Reed Hastings sold 22,526 shares of the business’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $670.49, for a total transaction of $15,103,457.74. Following the transaction, the chairman now owns 57 shares of the company’s stock, valued at approximately $38,217.93. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, Chairman Reed Hastings sold 22,526 shares of the business’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $670.49, for a total value of $15,103,457.74. Following the sale, the chairman now directly owns 57 shares in the company, valued at approximately $38,217.93. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Leslie J. Kilgore sold 402 shares of the business’s stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $725.00, for a total transaction of $291,450.00. Following the completion of the sale, the director now owns 35,262 shares in the company, valued at $25,564,950. The disclosure for this sale can be found here. In the last quarter, insiders have sold 202,020 shares of company stock valued at $133,334,342. 1.76% of the stock is currently owned by insiders.

Netflix Trading Down 0.6 %

Shares of NFLX stock opened at $707.35 on Friday. The company’s 50-day moving average price is $669.62 and its 200-day moving average price is $644.66. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.55. The stock has a market cap of $304.87 billion, a price-to-earnings ratio of 49.09, a PEG ratio of 1.44 and a beta of 1.26. Netflix, Inc. has a twelve month low of $344.73 and a twelve month high of $725.26.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results 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. The firm had revenue of $9.56 billion for the quarter, compared to analysts’ expectations of $9.53 billion. Netflix had a net margin of 19.54% and a return on equity of 32.93%. The company’s revenue was up 16.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.29 EPS. As a group, equities analysts predict that Netflix, Inc. will post 19.08 earnings per share for the current 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.