Etesian Wealth Advisors Inc. Increases Stake in Netflix, Inc. (NASDAQ:NFLX)

Etesian Wealth Advisors Inc. increased its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 12.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,473 shares of the Internet television network’s stock after buying an additional 161 shares during the period. Etesian Wealth Advisors Inc.’s holdings in Netflix were worth $1,045,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Denver PWM LLC acquired a new position in Netflix in the second quarter valued at approximately $25,000. Valued Wealth Advisors LLC grew its holdings in Netflix by 80.0% in the 1st quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock valued at $27,000 after buying an additional 20 shares in the last quarter. Indiana Trust & Investment Management CO lifted its stake in shares of Netflix by 112.0% in the 1st quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock valued at $32,000 after purchasing an additional 28 shares during the last quarter. Proffitt & Goodson Inc. lifted its stake in shares of Netflix by 380.0% in the 2nd quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock valued at $32,000 after purchasing an additional 38 shares during the last quarter. Finally, AlphaMark Advisors LLC lifted its stake in Netflix by 642.9% during the 2nd quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock worth $35,000 after acquiring an additional 45 shares in the last quarter. Hedge funds and other institutional investors 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 that occurred on 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 sale, the insider now owns 31,610 shares in the company, valued at approximately $19,128,159.30. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider David A. Hyman sold 20,656 shares of the firm’s stock in a transaction on 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 of the company’s stock, valued at approximately $19,128,159.30. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Spencer Adam Neumann sold 433 shares of Netflix stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $626.19, for a total transaction of $271,140.27. The disclosure for this sale can be found here. Insiders have sold a total of 225,167 shares of company stock worth $150,492,460 in the last quarter. Corporate insiders own 1.76% of the company’s stock.

Wall Street Analysts Forecast Growth

NFLX has been the topic of several recent research reports. Piper Sandler restated an “overweight” rating and set a $840.00 price target (up previously from $800.00) on shares of Netflix in a report on Friday. Wedbush raised their price target on Netflix from $725.00 to $775.00 and gave the stock an “overweight” rating in a research note on Thursday. Benchmark restated a “sell” rating and set a $545.00 price target on shares of Netflix in a research note on Tuesday. Bank of America increased their price objective on Netflix from $740.00 to $800.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Guggenheim raised their price target on Netflix from $735.00 to $810.00 and gave the company a “buy” rating in a report on Friday, October 11th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-six have issued a buy rating to the stock. According to MarketBeat.com, Netflix has an average rating of “Moderate Buy” and a consensus price target of $739.38.

Netflix Stock Up 11.1 %

Shares of Netflix stock traded up $76.24 during trading hours on Friday, reaching $763.89. 15,974,119 shares of the company’s stock were exchanged, compared to its average volume of 3,723,201. 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 company has a 50 day moving average of $696.38 and a two-hundred day moving average of $654.66. The stock has a market cap of $329.24 billion, a P/E ratio of 53.01, a P/E/G ratio of 1.49 and a beta of 1.26. Netflix, Inc. has a fifty-two week low of $392.26 and a fifty-two week high of $766.28.

Netflix (NASDAQ:NFLX) last issued 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 company 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%. Netflix’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.29 EPS. On average, sell-side analysts forecast that Netflix, Inc. will post 19.08 EPS for the current fiscal year.

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.