waypoint wealth counsel Has $370,000 Stock Position in Netflix, Inc. (NASDAQ:NFLX)

waypoint wealth counsel lifted its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 20.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 521 shares of the Internet television network’s stock after buying an additional 90 shares during the period. waypoint wealth counsel’s holdings in Netflix were worth $370,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of NFLX. Denver PWM LLC acquired a new stake in shares of Netflix during the second quarter valued at about $25,000. Valued Wealth Advisors LLC boosted its position in Netflix by 80.0% during the 1st quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock worth $27,000 after buying an additional 20 shares during the period. VitalStone Financial LLC grew its holdings in Netflix by 933.3% during the 4th quarter. VitalStone Financial LLC now owns 62 shares of the Internet television network’s stock worth $30,000 after acquiring an additional 56 shares during the last quarter. 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 during the period. Finally, Scarborough Advisors LLC bought a new position in shares of Netflix during the fourth quarter valued at $32,000. 80.93% of the stock is currently owned by institutional investors.

Netflix Stock Up 1.8 %

Netflix stock traded up $12.90 during trading on Friday, hitting $719.70. 2,230,139 shares of the company were exchanged, compared to its average volume of 3,674,012. 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 business’s 50 day moving average is $676.85 and its 200 day moving average is $648.05. Netflix, Inc. has a 52 week low of $344.73 and a 52 week high of $725.26. The company has a market capitalization of $310.19 billion, a P/E ratio of 49.94, a PEG ratio of 1.44 and a beta of 1.26.

Netflix (NASDAQ:NFLX) last announced its earnings results on Thursday, July 18th. The Internet television network reported $4.88 EPS for the quarter, beating the consensus estimate of $4.74 by $0.14. Netflix had a net margin of 19.54% and a return on equity of 32.93%. The company had revenue of $9.56 billion during the quarter, compared to the consensus estimate of $9.53 billion. During the same quarter in the prior year, the company posted $3.29 earnings per share. The firm’s revenue for the quarter was up 16.8% on a year-over-year basis. Analysts predict that Netflix, Inc. will post 19.08 earnings per share for the current year.

Wall Street Analyst Weigh In

NFLX has been the topic of several analyst reports. The Goldman Sachs Group boosted their price objective on shares of Netflix from $650.00 to $659.00 and gave the stock a “neutral” rating in a research note on Friday, July 19th. JPMorgan Chase & Co. increased their price target on Netflix from $650.00 to $750.00 and gave the company an “overweight” rating in a research note on Friday, July 12th. Redburn Atlantic lifted their price objective on Netflix from $740.00 to $760.00 and gave the stock a “buy” rating in a research note on Friday, July 19th. 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, UBS Group boosted their price target on shares of Netflix from $685.00 to $750.00 and gave the stock a “buy” rating in a research report 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, Netflix currently has an average rating of “Moderate Buy” and a consensus price target of $686.03.

Insiders Place Their Bets

In other news, CEO Gregory K. Peters sold 4,392 shares of the company’s stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $725.00, for a total value of $3,184,200.00. Following the completion of the transaction, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at $9,490,250. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CEO Gregory K. Peters sold 4,392 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 value of $3,184,200.00. Following the transaction, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at approximately $9,490,250. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Reed Hastings sold 25,599 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $631.43, for a total transaction of $16,163,976.57. Following the transaction, the chairman now owns 57 shares of the company’s stock, valued at approximately $35,991.51. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 224,784 shares of company stock valued at $150,212,870 in the last 90 days. 1.76% of the stock is currently owned by corporate insiders.

About Netflix

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.