2 weeks Ago By Defense World Staff
B. Riley Wealth Advisors Inc. decreased its position in Netflix, Inc.
( NASDAQ:NFLX – Free Report ) by 7.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,098 shares of the Internet television network’s stock after selling 1,092 shares during the quarter.
B. Riley Wealth Advisors Inc.’s holdings in Netflix were worth $9,515,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of NFLX. Precision Wealth Strategies LLC raised its stake in shares of Netflix by 3.5% in the 4th 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 position in shares of 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 acquiring an additional 121 shares during the last quarter.
Aveo Capital Partners LLC increased its position in shares of 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 acquiring an additional 43 shares during the last quarter.
Tradition Wealth Management LLC increased its position in shares of 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 acquiring an additional 63 shares during the last quarter.
Finally, Carolinas Wealth Consulting LLC increased its position in shares of 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 acquiring an additional 67 shares during the last quarter.
Institutional investors and hedge funds own 80.93% of the company’s stock. Analysts Set New Price Targets A number of analysts recently issued reports on the company.
Morgan Stanley lifted their target price on Netflix from $700.00 to $780.00 and gave the company an “overweight” rating in a research report on Monday, July 15th.
Sanford C. Bernstein lifted their target price on Netflix from $600.00 to $625.
00 and gave the company a “market perform” rating in a research report on Friday, July 19th. StockNews.com raised Netflix from a “hold” rating to a “buy” rating in a research report on Tuesday, September 24th.
The Goldman Sachs Group boosted their price target on Netflix from $650.00 to $659.00 and gave the stock a “neutral” rating in a research report on Friday, July 19th.
Finally, China Renaissance initiated coverage on Netflix in a research report on Thursday, September 5th. They set a “hold” rating and a $680.00 price target on the stock.
One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-four have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $685.29.
Netflix Stock Down 0.6 % Shares of NFLX opened at $707.35 on Monday.
Netflix, Inc. has a one year low of $344.73 and a one year high of $725.
26. The company has a market cap of $304.87 billion, a P/E ratio of 49.
09, a P/E/G ratio of 1.44 and a beta of 1.26.
The company has a debt-to-equity ratio of 0.55, a current ratio of 0.95 and a quick ratio of 0.
95. The firm has a 50 day simple moving average of $669.62 and a two-hundred day simple moving average of $644.
91. Netflix ( NASDAQ:NFLX – Get Free Report ) last announced its quarterly earnings data on Thursday, July 18th. The Internet television network reported $4.
88 EPS for the quarter, beating the consensus estimate of $4.74 by $0.14.
Netflix had a net margin of 19.54% and a return on equity of 32.93%.
The business had revenue of $9.56 billion during the quarter, compared to the consensus estimate of $9.53 billion.
During the same period in the previous year, the business earned $3.29 earnings per share. The company’s revenue was up 16.
8% on a year-over-year basis. Research analysts forecast that Netflix, Inc. will post 19.
08 EPS for the current fiscal year. Insider Buying and Selling at Netflix In other Netflix news, CEO Gregory K. Peters sold 1,278 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th.
The shares were sold at an average price of $614.44, for a total transaction of $785,254.32.
Following the completion of the transaction, the chief executive officer now directly owns 13,090 shares in the company, valued at $8,043,019.60. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website .
In other news, insider David A. Hyman sold 20,656 shares of the company’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 in the company, valued at $19,128,159.
30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link . Also, CEO Gregory K.
Peters sold 1,278 shares of the company’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $614.44, for a total transaction of $785,254.
32. Following the transaction, the chief executive officer now owns 13,090 shares of the company’s stock, valued at $8,043,019.60.
The disclosure for this sale can be found here . Insiders sold a total of 179,494 shares of company stock worth $118,230,884 over the last three months. Corporate insiders own 1.
76% of the company’s stock. About Netflix ( 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 Five stocks we like better than Netflix What Are the FAANG Stocks and Are They Good Investments? Top 5 ETFs to Own Now and Into 2025 3 Ways To Invest In Coffee, Other Than Drinking It Watch These 3 Former Short-Squeeze Stocks for a Big Rally Stock Sentiment Analysis: How it Works Simon Property REIT: A Safe Bet for Growth and Steady Dividends Receive News & Ratings for Netflix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netflix and related companies with MarketBeat.com's FREE daily email newsletter .
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