2 weeks Ago By ABMN Staff
B. Riley Wealth Advisors Inc. trimmed its stake in Netflix, Inc.
( NASDAQ:NFLX – Free Report ) by 7.2% in the second quarter, HoldingsChannel.com reports.
The firm owned 14,098 shares of the Internet television network’s stock after selling 1,092 shares during the period. B. Riley Wealth Advisors Inc.
’s holdings in Netflix were worth $9,515,000 at the end of the most recent quarter. A number of other institutional investors and hedge funds have also bought and sold shares of NFLX. Precision Wealth Strategies LLC increased its holdings in Netflix by 3.
5% in the fourth quarter. Precision Wealth Strategies LLC now owns 2,444 shares of the Internet television network’s stock valued at $1,190,000 after purchasing an additional 83 shares during the period. Gilbert & Cook Inc.
increased its holdings in Netflix by 5.9% in the fourth quarter. Gilbert & Cook Inc.
now owns 2,177 shares of the Internet television network’s stock valued at $1,060,000 after purchasing an additional 121 shares during the period. Aveo Capital Partners LLC increased its holdings in Netflix by 6.9% in the fourth quarter.
Aveo Capital Partners LLC now owns 667 shares of the Internet television network’s stock valued at $325,000 after purchasing an additional 43 shares during the period. Tradition Wealth Management LLC increased its holdings in Netflix by 48.5% in the fourth quarter.
Tradition Wealth Management LLC now owns 193 shares of the Internet television network’s stock valued at $94,000 after purchasing an additional 63 shares during the period. Finally, Carolinas Wealth Consulting LLC increased its holdings in Netflix by 21.1% in the fourth quarter.
Carolinas Wealth Consulting LLC now owns 385 shares of the Internet television network’s stock valued at $188,000 after purchasing an additional 67 shares during the period. 80.93% of the stock is currently owned by institutional investors and hedge funds.
Netflix Trading Down 0.6 % NASDAQ:NFLX opened at $707.35 on Monday.
The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.95 and a current ratio of 0.
95. The firm has a market cap of $304.87 billion, a price-to-earnings ratio of 49.
09, a price-to-earnings-growth ratio of 1.44 and a beta of 1.26.
Netflix, Inc. has a 52 week low of $344.73 and a 52 week high of $725.
26. The firm has a 50-day moving average price of $669.62 and a two-hundred day moving average price of $644.
91. Insider Transactions at Netflix In other news, insider David A. Hyman sold 20,656 shares of the firm’s 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 completion of the sale, the insider now owns 31,610 shares in the company, valued at approximately $19,128,159.30. The sale was disclosed in a document filed with the SEC, which is available at the SEC website .
In other Netflix news, insider David A. Hyman sold 13,791 shares of the firm’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $700.
00, for a total value of $9,653,700.00. Following the completion of the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at approximately $22,127,000.
The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website . Also, 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 directly owns 31,610 shares of the company’s stock, valued at $19,128,159.30. The disclosure for this sale can be found here .
Insiders sold a total of 179,494 shares of company stock worth $118,230,884 in the last quarter. Insiders own 1.76% of the company’s stock.
Wall Street Analyst Weigh In A number of research firms recently weighed in on NFLX. TD Cowen increased their price objective on Netflix from $725.00 to $775.
00 and gave the company a “buy” rating in a report on Tuesday, July 9th. StockNews.com raised shares of Netflix from a “hold” rating to a “buy” rating in a research report on Tuesday, September 24th.
Macquarie reaffirmed an “outperform” rating and set a $685.00 price target on shares of Netflix in a research report on Tuesday, July 16th. Sanford C.
Bernstein upped their price target on shares of Netflix from $600.00 to $625.00 and gave the company a “market perform” rating in a research report on Friday, July 19th.
Finally, Bank of America upped their price target on shares of Netflix from $700.00 to $740.00 and gave the company a “buy” rating in a research report on Monday, July 15th.
One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-four have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $685.29.
View Our Latest Report on Netflix Netflix Company Profile ( Free Report ) 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.
Featured Articles Want to see what other hedge funds are holding NFLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Netflix, Inc. ( NASDAQ:NFLX – Free Report ).
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