J.W. Cole Advisors Inc. Raises Stock Position in Netflix, Inc. (NASDAQ:NFLX)

J.W. Cole Advisors Inc. lifted its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 67.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,519 shares of the Internet television network’s stock after acquiring an additional 3,035 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Netflix were worth $3,661,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Authentikos Wealth Advisory LLC acquired a new stake in Netflix in the third quarter valued at $25,000. Spartan Planning & Wealth Management acquired a new stake in Netflix in the 3rd quarter valued at about $26,000. Carmel Capital Partners LLC increased its holdings in Netflix by 290.0% during the 3rd quarter. Carmel Capital Partners LLC now owns 78 shares of the Internet television network’s stock valued at $30,000 after acquiring an additional 58 shares in the last quarter. Blue Bell Private Wealth Management LLC raised its position in Netflix by 89.7% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 74 shares of the Internet television network’s stock worth $36,000 after acquiring an additional 35 shares during the last quarter. Finally, Evermay Wealth Management LLC lifted its holdings in shares of Netflix by 94.9% in the first quarter. Evermay Wealth Management LLC now owns 115 shares of the Internet television network’s stock valued at $40,000 after purchasing an additional 56 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on NFLX shares. Wells Fargo & Company raised their price objective on shares of Netflix from $650.00 to $726.00 and gave the stock an “overweight” rating in a research note on Friday. Redburn Atlantic upped their price objective on Netflix from $550.00 to $610.00 and gave the company a “buy” rating in a research report on Wednesday, January 24th. JPMorgan Chase & Co. increased their price objective on Netflix from $610.00 to $650.00 and gave the company an “overweight” rating in a research note on Monday, April 8th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Netflix from $525.00 to $550.00 and gave the company a “hold” rating in a research note on Monday, April 15th. Finally, Morgan Stanley raised their price target on shares of Netflix from $600.00 to $700.00 and gave the stock an “overweight” rating in a research note on Friday, April 12th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-two have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $630.58.

Netflix Stock Down 9.1 %

Shares of NASDAQ NFLX traded down $55.52 during trading on Friday, reaching $555.04. 16,449,699 shares of the stock were exchanged, compared to its average volume of 2,885,287. The business’s 50-day moving average price is $605.65 and its 200 day moving average price is $513.07. The company has a market capitalization of $240.20 billion, a price-to-earnings ratio of 38.52, a price-to-earnings-growth ratio of 1.64 and a beta of 1.22. Netflix, Inc. has a twelve month low of $315.62 and a twelve month high of $639.00. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.69.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Thursday, April 18th. The Internet television network reported $5.28 EPS for the quarter, topping analysts’ consensus estimates of $4.51 by $0.77. The firm had revenue of $9.37 billion for the quarter, compared to analyst estimates of $9.28 billion. Netflix had a net margin of 18.42% and a return on equity of 29.46%. The firm’s revenue was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.88 EPS. As a group, equities analysts forecast that Netflix, Inc. will post 17.08 EPS for the current fiscal year.

Insider Activity at Netflix

In other Netflix news, insider David A. Hyman sold 47,574 shares of Netflix stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $537.92, for a total transaction of $25,591,006.08. Following the sale, the insider now directly owns 31,610 shares in the company, valued at approximately $17,003,651.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Gregory K. Peters sold 5,352 shares of the stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $625.00, for a total transaction of $3,345,000.00. Following the transaction, the chief executive officer now owns 13,090 shares of the company’s stock, valued at $8,181,250. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David A. Hyman sold 47,574 shares of the business’s stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $537.92, for a total value of $25,591,006.08. Following the completion of the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at $17,003,651.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 268,335 shares of company stock valued at $151,619,811. Insiders own 2.45% of the company’s stock.

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.