Segment Wealth Management LLC Has $1.23 Million Holdings in Netflix, Inc. (NASDAQ:NFLX)

Segment Wealth Management LLC increased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 15.6% during the first quarter, Holdings Channel reports. The fund owned 1,315 shares of the Internet television network’s stock after purchasing an additional 177 shares during the period. Segment Wealth Management LLC’s holdings in Netflix were worth $1,226,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NFLX. Capital & Planning LLC acquired a new stake in shares of Netflix in the fourth quarter valued at $809,000. Brighton Jones LLC lifted its position in Netflix by 5.0% during the 4th quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network’s stock worth $4,804,000 after buying an additional 257 shares in the last quarter. Union Bancaire Privee UBP SA bought a new stake in Netflix during the 4th quarter worth about $12,212,000. Revolve Wealth Partners LLC increased its position in Netflix by 16.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network’s stock valued at $912,000 after acquiring an additional 144 shares in the last quarter. Finally, Strategic Financial Concepts LLC raised its stake in shares of Netflix by 29.9% in the fourth quarter. Strategic Financial Concepts LLC now owns 439 shares of the Internet television network’s stock worth $392,000 after acquiring an additional 101 shares during the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NFLX has been the topic of several research analyst reports. Robert W. Baird increased their price target on shares of Netflix from $1,200.00 to $1,300.00 and gave the company an “outperform” rating in a research note on Friday, May 16th. Citigroup reaffirmed a “neutral” rating and set a $1,250.00 price objective (up previously from $1,020.00) on shares of Netflix in a report on Thursday, May 29th. Wedbush reissued an “outperform” rating and issued a $1,200.00 target price on shares of Netflix in a research note on Monday, May 5th. Wolfe Research set a $1,340.00 price target on Netflix and gave the company an “outperform” rating in a research note on Friday, May 16th. Finally, Oppenheimer raised their price target on Netflix from $1,200.00 to $1,425.00 and gave the company an “outperform” rating in a report on Thursday, June 12th. Eleven research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Netflix presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,156.73.

Netflix Stock Up 0.1%

Shares of Netflix stock opened at $1,222.29 on Friday. The company has a market capitalization of $520.17 billion, a P/E ratio of 57.76, a price-to-earnings-growth ratio of 2.36 and a beta of 1.59. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.20 and a quick ratio of 1.20. The business has a 50-day moving average of $1,144.53 and a two-hundred day moving average of $1,008.57. Netflix, Inc. has a 1 year low of $587.04 and a 1 year high of $1,262.81.

Netflix (NASDAQ:NFLX) last posted its earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.74 by $0.87. The business had revenue of $10.54 billion during the quarter, compared to analysts’ expectations of $10.51 billion. Netflix had a return on equity of 39.61% and a net margin of 23.07%. During the same period in the prior year, the business earned $8.28 EPS. As a group, equities analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Activity

In other Netflix news, Director Ann Mather sold 1,090 shares of Netflix stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $1,250.00, for a total value of $1,362,500.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Jeffrey William Karbowski sold 160 shares of the business’s stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $1,000.00, for a total value of $160,000.00. The disclosure for this sale can be found here. Insiders sold 185,140 shares of company stock worth $210,271,552 over the last quarter. 1.37% of the stock is currently owned by company insiders.

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.