Outlook Wealth Advisors LLC Makes New Investment in Netflix, Inc. (NASDAQ:NFLX)

Outlook Wealth Advisors LLC bought a new position in Netflix, Inc. (NASDAQ:NFLX) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 532 shares of the Internet television network’s stock, valued at approximately $323,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. KFA Private Wealth Group LLC grew its stake in shares of Netflix by 1.9% in the 4th quarter. KFA Private Wealth Group LLC now owns 958 shares of the Internet television network’s stock valued at $466,000 after purchasing an additional 18 shares during the period. Legacy Capital Group California Inc. raised its position in Netflix by 0.6% in the 4th quarter. Legacy Capital Group California Inc. now owns 2,833 shares of the Internet television network’s stock worth $1,379,000 after purchasing an additional 18 shares during the last quarter. Founders Financial Alliance LLC raised its position in shares of Netflix by 2.4% during the fourth quarter. Founders Financial Alliance LLC now owns 757 shares of the Internet television network’s stock worth $369,000 after acquiring an additional 18 shares during the last quarter. Capital Advisors Ltd. LLC lifted its stake in shares of Netflix by 4.6% during the first quarter. Capital Advisors Ltd. LLC now owns 411 shares of the Internet television network’s stock valued at $250,000 after acquiring an additional 18 shares during the period. Finally, Addison Advisors LLC raised its holdings in Netflix by 7.8% during the 4th quarter. Addison Advisors LLC now owns 276 shares of the Internet television network’s stock worth $134,000 after purchasing an additional 20 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Activity at Netflix

In other Netflix news, CEO Gregory K. Peters sold 1,278 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $566.35, for a total value of $723,795.30. Following the completion of the transaction, the chief executive officer now directly owns 13,090 shares in the company, valued at approximately $7,413,521.50. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CEO Gregory K. Peters sold 1,278 shares of the stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $566.35, for a total value of $723,795.30. Following the completion of the sale, the chief executive officer now owns 13,090 shares of the company’s stock, valued at $7,413,521.50. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Reed Hastings sold 20,566 shares of Netflix stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $610.42, for a total value of $12,553,897.72. Following the completion of the transaction, the chairman now directly owns 28 shares in the company, valued at $17,091.76. The disclosure for this sale can be found here. Insiders sold a total of 154,573 shares of company stock worth $89,548,241 in the last quarter. 2.45% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on NFLX. Redburn Atlantic raised their target price on Netflix from $550.00 to $610.00 and gave the stock a “buy” rating in a report on Wednesday, January 24th. Needham & Company LLC upgraded shares of Netflix from a “hold” rating to a “buy” rating and set a $700.00 price objective for the company in a report on Friday, April 19th. Canaccord Genuity Group lowered shares of Netflix from a “buy” rating to a “hold” rating and cut their target price for the stock from $720.00 to $585.00 in a report on Friday, April 19th. Rosenblatt Securities dropped their price objective on Netflix from $554.00 to $540.00 and set a “neutral” rating on the stock in a research note on Friday, April 19th. Finally, Sanford C. Bernstein increased their price target on Netflix from $490.00 to $600.00 and gave the stock a “market perform” rating in a report on Friday, April 19th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-two have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $630.58.

Netflix Price Performance

Shares of NFLX stock traded down $3.57 during trading hours on Friday, reaching $561.23. The company’s stock had a trading volume of 4,332,593 shares, compared to its average volume of 4,190,527. The firm’s 50 day simple moving average is $604.54 and its 200-day simple moving average is $519.46. The company has a market capitalization of $241.83 billion, a price-to-earnings ratio of 38.95, a PEG ratio of 1.38 and a beta of 1.22. The company has a quick ratio of 1.12, a current ratio of 1.07 and a debt-to-equity ratio of 0.62. Netflix, Inc. has a fifty-two week low of $315.62 and a fifty-two week high of $639.00.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.51 by $0.77. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The company had revenue of $9.37 billion during the quarter, compared to the consensus estimate of $9.28 billion. During the same period in the prior year, the business earned $2.88 earnings per share. The company’s revenue for the quarter was up 14.8% compared to the same quarter last year. Sell-side analysts forecast that Netflix, Inc. will post 18.13 earnings per share 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.