Twin Peaks Wealth Advisors LLC Has $618,000 Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Twin Peaks Wealth Advisors LLC reduced its stake in Netflix, Inc. (NASDAQ:NFLX) by 2.4% during the 3rd quarter, HoldingsChannel reports. The firm owned 872 shares of the Internet television network’s stock after selling 21 shares during the quarter. Twin Peaks Wealth Advisors LLC’s holdings in Netflix were worth $618,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Highline Wealth Partners LLC acquired a new position in Netflix in the third quarter worth $492,000. AMI Asset Management Corp grew its holdings in Netflix by 14.6% during the 3rd quarter. AMI Asset Management Corp now owns 86,376 shares of the Internet television network’s stock worth $61,264,000 after acquiring an additional 10,979 shares during the last quarter. Trajan Wealth LLC raised its stake in shares of Netflix by 5.2% in the third quarter. Trajan Wealth LLC now owns 15,727 shares of the Internet television network’s stock worth $11,155,000 after acquiring an additional 772 shares during the last quarter. Mutual Advisors LLC grew its stake in shares of Netflix by 0.8% during the third quarter. Mutual Advisors LLC now owns 14,723 shares of the Internet television network’s stock valued at $11,109,000 after purchasing an additional 112 shares during the last quarter. Finally, Highview Capital Management LLC DE raised its position in Netflix by 4.4% in the 3rd quarter. Highview Capital Management LLC DE now owns 1,955 shares of the Internet television network’s stock worth $1,387,000 after purchasing an additional 83 shares during the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NFLX has been the topic of several analyst reports. Piper Sandler restated an “overweight” rating and issued a $840.00 price objective (up from $800.00) on shares of Netflix in a report on Friday, October 18th. TD Cowen raised their price target on Netflix from $820.00 to $835.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Evercore ISI increased their target price on Netflix from $750.00 to $775.00 and gave the company an “outperform” rating in a research note on Friday, October 18th. Loop Capital boosted their target price on Netflix from $750.00 to $800.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Finally, Sanford C. Bernstein lifted their price target on shares of Netflix from $625.00 to $780.00 and gave the stock a “market perform” rating in a research report on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $748.15.

Insider Buying and Selling at Netflix

In related news, Chairman Reed Hastings sold 45,290 shares of the firm’s stock in a transaction that occurred on 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 directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Netflix 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 transaction of $12,499,565.28. Following the transaction, the insider now directly 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 SEC, which can be accessed through this hyperlink. Also, Chairman Reed Hastings sold 45,290 shares of the stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $706.16, for a total transaction of $31,981,986.40. Following the transaction, the chairman now directly owns 85 shares in the company, valued at approximately $60,023.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 235,409 shares of company stock valued at $158,213,518 over the last three months. 1.76% of the stock is currently owned by insiders.

Netflix Stock Down 0.3 %

Shares of NASDAQ NFLX traded down $2.44 during trading on Wednesday, hitting $757.00. The stock had a trading volume of 212,325 shares, compared to its average volume of 3,700,577. Netflix, Inc. has a 12 month low of $404.63 and a 12 month high of $773.00. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a fifty day moving average of $709.10 and a two-hundred day moving average of $661.69. The company has a market capitalization of $323.59 billion, a PE ratio of 42.98, a PEG ratio of 1.45 and a beta of 1.26.

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.