Quotient Wealth Partners LLC Buys 49 Shares of Netflix, Inc. (NASDAQ:NFLX)

Quotient Wealth Partners LLC increased its position in Netflix, Inc. (NASDAQ:NFLX) by 2.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,724 shares of the Internet television network’s stock after purchasing an additional 49 shares during the period. Quotient Wealth Partners LLC’s holdings in Netflix were worth $1,223,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Heartland Bank & Trust Co lifted its position in Netflix by 0.9% in the 2nd quarter. Heartland Bank & Trust Co now owns 1,770 shares of the Internet television network’s stock valued at $1,195,000 after acquiring an additional 15 shares in the last quarter. Meritas Wealth Management LLC boosted its position in shares of Netflix by 2.9% during the third quarter. Meritas Wealth Management LLC now owns 573 shares of the Internet television network’s stock valued at $406,000 after buying an additional 16 shares during the last quarter. Obermeyer Wood Investment Counsel Lllp increased its holdings in Netflix by 2.8% in the 1st quarter. Obermeyer Wood Investment Counsel Lllp now owns 623 shares of the Internet television network’s stock worth $378,000 after buying an additional 17 shares in the last quarter. Private Portfolio Partners LLC raised its position in Netflix by 1.7% in the 1st quarter. Private Portfolio Partners LLC now owns 1,042 shares of the Internet television network’s stock worth $633,000 after buying an additional 17 shares during the last quarter. Finally, FAS Wealth Partners Inc. lifted its stake in Netflix by 1.5% during the 2nd quarter. FAS Wealth Partners Inc. now owns 1,164 shares of the Internet television network’s stock valued at $786,000 after acquiring an additional 17 shares during the period. 80.93% of the stock is owned by hedge funds and other institutional investors.

Netflix Price Performance

NASDAQ NFLX traded up $4.82 during trading on Thursday, hitting $732.25. 1,100,694 shares of the stock traded hands, compared to its average volume of 3,647,817. 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 12-month low of $344.73 and a 12-month high of $732.61. The firm has a 50-day simple moving average of $682.31 and a 200-day simple moving average of $649.96. The company has a market capitalization of $315.60 billion, a P/E ratio of 50.37, a price-to-earnings-growth ratio of 1.44 and a beta of 1.26.

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

Wall Street Analysts Forecast Growth

NFLX has been the subject of a number of research analyst reports. Needham & Company LLC reiterated a “buy” rating and issued a $700.00 price target on shares of Netflix in a research note on Friday, July 19th. Sanford C. Bernstein lifted their target price on shares of Netflix from $600.00 to $625.00 and gave the stock a “market perform” rating in a research report on Friday, July 19th. Loop Capital raised their price target on Netflix from $700.00 to $750.00 and gave the stock a “buy” rating in a research note on Tuesday, June 18th. China Renaissance assumed coverage on Netflix in a report on Thursday, September 5th. They issued a “hold” rating and a $680.00 target price on the stock. Finally, The Goldman Sachs Group raised their target price on Netflix from $650.00 to $659.00 and gave the stock a “neutral” rating in a research report on Friday, July 19th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Netflix currently has an average rating of “Moderate Buy” and an average price target of $697.35.

Insider Transactions at Netflix

In related news, Chairman Reed Hastings sold 45,290 shares of the stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $706.16, for a total value of $31,981,986.40. Following the completion of the transaction, the chairman now owns 85 shares of the company’s stock, valued at approximately $60,023.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Jay C. Hoag sold 43,750 shares of the stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $687.07, for a total value of $30,059,312.50. Following the sale, the director now owns 95,040 shares of the company’s stock, valued at approximately $65,299,132.80. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Reed Hastings sold 45,290 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $706.16, for a total transaction of $31,981,986.40. Following the completion of the sale, the chairman now owns 85 shares of the company’s stock, valued at $60,023.60. This trade represents 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 worth $150,212,870 in the last three months. Insiders own 1.76% of the company’s stock.

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.