Independent Solutions Wealth Management LLC Buys 208 Shares of Netflix, Inc. (NASDAQ:NFLX)

Independent Solutions Wealth Management LLC grew its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 10.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,131 shares of the Internet television network’s stock after purchasing an additional 208 shares during the quarter. Independent Solutions Wealth Management LLC’s holdings in Netflix were worth $1,512,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. RPg Family Wealth Advisory LLC bought a new position in shares of Netflix during the 3rd quarter worth approximately $25,000. Denver PWM LLC acquired a new position in shares of Netflix during the second quarter valued at about $25,000. E Fund Management Hong Kong Co. Ltd. lifted its stake in Netflix by 700.0% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock valued at $34,000 after acquiring an additional 42 shares in the last quarter. MidAtlantic Capital Management Inc. bought a new stake in Netflix in the 3rd quarter valued at about $37,000. Finally, FSA Wealth Management LLC purchased a new stake in shares of Netflix in the third quarter worth about $38,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Wedbush reiterated an “outperform” rating and issued a $950.00 price objective (up previously from $800.00) on shares of Netflix in a research report on Monday, November 18th. Oppenheimer boosted their target price on Netflix from $825.00 to $1,065.00 and gave the stock an “outperform” rating in a research report on Monday. UBS Group lifted their price target on shares of Netflix from $825.00 to $1,040.00 and gave the stock a “buy” rating in a research note on Thursday. Citigroup raised their price objective on Netflix from $725.00 to $920.00 and gave the company a “neutral” rating in a research note on Thursday, December 5th. Finally, KeyCorp increased their target price on Netflix from $760.00 to $785.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twenty-three have given a buy rating to the company. According to MarketBeat.com, Netflix currently has a consensus rating of “Moderate Buy” and a consensus price target of $807.70.

Netflix Stock Performance

Shares of NASDAQ:NFLX traded up $18.34 on Thursday, reaching $907.89. The company’s stock had a trading volume of 1,659,012 shares, compared to its average volume of 3,604,022. Netflix, Inc. has a 52-week low of $461.86 and a 52-week high of $941.75. The stock’s 50-day moving average is $825.60 and its two-hundred day moving average is $725.33. 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 stock has a market capitalization of $388.09 billion, a P/E ratio of 51.38, a PEG ratio of 1.77 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share for the quarter, topping the consensus estimate of $5.09 by $0.31. The firm had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.77 billion. Netflix had a return on equity of 35.86% and a net margin of 20.70%. As a group, sell-side analysts forecast that Netflix, Inc. will post 19.78 EPS for the current year.

Insider Buying and Selling

In related news, CEO Gregory K. Peters sold 4,392 shares of the business’s stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $725.00, for a total transaction of $3,184,200.00. Following the transaction, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at approximately $9,490,250. The trade was a 25.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider David A. Hyman sold 267 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $765.67, for a total value of $204,433.89. Following the sale, the insider now owns 31,610 shares of the company’s stock, valued at $24,202,828.70. This represents a 0.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 164,977 shares of company stock valued at $129,317,467 over the last quarter. Company insiders own 1.76% of the company’s stock.

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.