Vance Wealth LLC Has $794,000 Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Vance Wealth LLC lessened its stake in Netflix, Inc. (NASDAQ:NFLX) by 1.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 891 shares of the Internet television network’s stock after selling 14 shares during the quarter. Vance Wealth LLC’s holdings in Netflix were worth $794,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Capital & Planning LLC acquired a new position in shares of Netflix during the 4th quarter worth about $809,000. Ameritas Advisory Services LLC boosted its position in Netflix by 35.3% during the fourth quarter. Ameritas Advisory Services LLC now owns 3,733 shares of the Internet television network’s stock valued at $3,327,000 after purchasing an additional 973 shares during the last quarter. City Holding Co. boosted its position in Netflix by 29.5% during the fourth quarter. City Holding Co. now owns 2,873 shares of the Internet television network’s stock valued at $2,561,000 after purchasing an additional 654 shares during the last quarter. LVW Advisors LLC boosted its position in Netflix by 0.9% during the fourth quarter. LVW Advisors LLC now owns 1,630 shares of the Internet television network’s stock valued at $1,453,000 after purchasing an additional 15 shares during the last quarter. Finally, Diversify Wealth Management LLC boosted its holdings in shares of Netflix by 13.2% in the 4th quarter. Diversify Wealth Management LLC now owns 2,665 shares of the Internet television network’s stock valued at $2,233,000 after buying an additional 310 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Trading Up 0.0%

NFLX opened at $1,191.64 on Tuesday. Netflix, Inc. has a twelve month low of $587.04 and a twelve month high of $1,196.50. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. The company has a fifty day moving average of $1,014.78 and a 200-day moving average of $951.31. The stock has a market cap of $507.13 billion, a PE ratio of 60.09, a price-to-earnings-growth ratio of 2.12 and a beta of 1.58.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, topping analysts’ consensus estimates of $5.74 by $0.87. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The firm had revenue of $10.54 billion during the quarter, compared to the consensus estimate of $10.51 billion. During the same period last year, the business posted $8.28 EPS. On average, sell-side analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Buying and Selling

In other Netflix news, Director Bradford L. Smith sold 3,919 shares of the firm’s stock in a transaction on Monday, May 12th. The shares were sold at an average price of $1,124.26, for a total value of $4,405,974.94. Following the completion of the sale, the director now directly owns 7,969 shares in the company, valued at approximately $8,959,227.94. This trade represents a 32.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Reed Hastings sold 25,360 shares of the firm’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $921.15, for a total value of $23,360,364.00. Following the completion of the sale, the chairman now owns 394 shares of the company’s stock, valued at approximately $362,933.10. This represents a 98.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 132,868 shares of company stock valued at $138,483,256 over the last 90 days. Company insiders own 1.76% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on NFLX. Benchmark reiterated a “hold” rating on shares of Netflix in a research note on Monday, April 21st. Robert W. Baird raised their price objective on Netflix from $1,200.00 to $1,300.00 and gave the company an “outperform” rating in a research report on Friday. Guggenheim reaffirmed a “buy” rating and issued a $1,150.00 price objective (up from $1,100.00) on shares of Netflix in a research report on Friday, April 18th. Wells Fargo & Company raised their price objective on Netflix from $1,210.00 to $1,222.00 and gave the company an “overweight” rating in a research report on Monday, April 21st. Finally, Piper Sandler set a $1,150.00 price target on Netflix and gave the company an “overweight” rating in a report on Monday, April 21st. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $1,102.79.

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.