Adamsbrown Wealth Consultants LLC Takes $330,000 Position in Netflix, Inc. (NASDAQ:NFLX)

Adamsbrown Wealth Consultants LLC acquired a new position in shares of Netflix, Inc. (NASDAQ:NFLX) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 465 shares of the Internet television network’s stock, valued at approximately $330,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. V Square Quantitative Management LLC raised its stake in shares of Netflix by 142.1% during the fourth quarter. V Square Quantitative Management LLC now owns 1,157 shares of the Internet television network’s stock valued at $563,000 after acquiring an additional 679 shares during the last quarter. EP Wealth Advisors LLC raised its position in Netflix by 10.4% during the 4th quarter. EP Wealth Advisors LLC now owns 8,922 shares of the Internet television network’s stock worth $4,344,000 after purchasing an additional 838 shares during the last quarter. Scarborough Advisors LLC acquired a new position in Netflix during the 4th quarter worth about $32,000. SageView Advisory Group LLC grew its position in shares of Netflix by 245.0% in the 4th quarter. SageView Advisory Group LLC now owns 3,136 shares of the Internet television network’s stock valued at $1,527,000 after buying an additional 2,227 shares during the last quarter. Finally, Trust Co. of Vermont increased its stake in shares of Netflix by 24.1% in the fourth quarter. Trust Co. of Vermont now owns 463 shares of the Internet television network’s stock valued at $225,000 after buying an additional 90 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insiders Place Their Bets

In related news, insider David A. Hyman sold 20,656 shares of the stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $605.13, for a total transaction of $12,499,565.28. Following the completion of the transaction, the insider now owns 31,610 shares in the company, valued at approximately $19,128,159.30. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider David A. Hyman sold 20,656 shares of Netflix stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $605.13, for a total value of $12,499,565.28. Following the sale, the insider now owns 31,610 shares of the company’s stock, valued at approximately $19,128,159.30. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Gregory K. Peters sold 1,278 shares of the stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $614.44, for a total value of $785,254.32. Following the transaction, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at approximately $8,043,019.60. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 225,167 shares of company stock valued at $150,492,460. Insiders own 1.76% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the company. Benchmark upped their target price on Netflix from $450.00 to $545.00 and gave the company a “sell” rating in a report on Tuesday, July 16th. The Goldman Sachs Group upped their price objective on shares of Netflix from $650.00 to $659.00 and gave the company a “neutral” rating in a research note on Friday, July 19th. Citigroup lifted their target price on shares of Netflix from $660.00 to $675.00 and gave the stock a “neutral” rating in a research note on Monday, July 22nd. Evercore ISI upped their price target on shares of Netflix from $710.00 to $750.00 and gave the company an “outperform” rating in a research report on Tuesday, August 27th. Finally, Barclays reissued an “underweight” rating and issued a $550.00 price objective on shares of Netflix in a research report on Monday, October 7th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have assigned a buy rating to the company. According to data from MarketBeat, Netflix has a consensus rating of “Moderate Buy” and an average price target of $702.79.

Netflix Stock Up 0.0 %

Shares of NFLX traded up $0.29 during trading hours on Monday, reaching $723.08. 251,374 shares of the stock traded hands, compared to its average volume of 3,632,627. Netflix, Inc. has a 52 week low of $344.73 and a 52 week high of $736.00. The company has a market cap of $311.65 billion, a price-to-earnings ratio of 50.16, a PEG ratio of 1.49 and a beta of 1.26. The stock has a fifty day simple moving average of $686.60 and a 200 day simple moving average of $651.60. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.55.

Netflix (NASDAQ:NFLX) last posted its earnings results on Thursday, July 18th. The Internet television network reported $4.88 EPS for the quarter, topping 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 firm had revenue of $9.56 billion for the quarter, compared to analysts’ expectations of $9.53 billion. During the same quarter last year, the firm earned $3.29 EPS. The company’s quarterly revenue was up 16.8% compared to the same quarter last year. On average, equities analysts forecast 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.