Netflix, Inc. (NASDAQ:NFLX) Stock Position Lifted by Beaumont Financial Advisors LLC

Beaumont Financial Advisors LLC lifted its holdings in Netflix, Inc. (NASDAQ:NFLX) by 6.4% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 383 shares of the Internet television network’s stock after purchasing an additional 23 shares during the quarter. Beaumont Financial Advisors LLC’s holdings in Netflix were worth $272,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of NFLX. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in Netflix by 43.7% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 864,454 shares of the Internet television network’s stock valued at $420,878,000 after buying an additional 262,822 shares in the last quarter. FIL Ltd boosted its position in shares of Netflix by 39.7% in the 4th quarter. FIL Ltd now owns 939,054 shares of the Internet television network’s stock valued at $457,207,000 after purchasing an additional 266,949 shares during the period. Taylor Financial Group Inc. acquired a new position in shares of Netflix in the 4th quarter valued at $363,000. Sunpointe LLC acquired a new position in shares of Netflix in the 4th quarter valued at $307,000. Finally, Wellington Wealth Strategies LLC. acquired a new position in shares of Netflix in the 4th quarter valued at $263,000. Institutional investors own 80.93% of the company’s stock.

Insider Buying and Selling at Netflix

In other Netflix news, Director Leslie J. Kilgore sold 383 shares of the firm’s stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $730.00, for a total value of $279,590.00. Following the sale, the director now owns 35,262 shares of the company’s stock, valued at $25,741,260. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, Chairman Reed Hastings sold 45,290 shares of Netflix stock in a transaction that occurred on 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 sale, 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Leslie J. Kilgore sold 383 shares of Netflix stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $730.00, for a total value of $279,590.00. Following the sale, the director now directly owns 35,262 shares in the company, valued at $25,741,260. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 225,167 shares of company stock valued at $150,492,460 in the last 90 days. 1.76% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Redburn Atlantic increased their price target on Netflix from $740.00 to $760.00 and gave the company a “buy” rating in a research report on Friday, July 19th. Piper Sandler upgraded Netflix from a “neutral” rating to an “overweight” rating and increased their price target for the company from $650.00 to $800.00 in a research report on Monday, October 7th. Oppenheimer increased their price target on Netflix from $725.00 to $775.00 and gave the company an “outperform” rating in a research report on Thursday. Pivotal Research increased their price target on Netflix from $800.00 to $900.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Finally, Guggenheim increased their price target on Netflix from $735.00 to $810.00 and gave the company a “buy” rating in a research report on Friday. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-five have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $702.79.

Netflix Stock Down 1.0 %

Shares of NFLX stock opened at $722.79 on Friday. The stock’s 50 day simple moving average is $686.60 and its 200 day simple moving average is $651.18. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.95 and a current ratio of 0.95. Netflix, Inc. has a twelve month low of $344.73 and a twelve month high of $736.00. The company has a market capitalization of $311.52 billion, a price-to-earnings ratio of 50.16, a PEG ratio of 1.49 and a beta of 1.26.

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