Proactive Wealth Strategies LLC Has $240,000 Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Proactive Wealth Strategies LLC increased its position in Netflix, Inc. (NASDAQ:NFLX) by 8.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 257 shares of the Internet television network’s stock after buying an additional 20 shares during the quarter. Proactive Wealth Strategies LLC’s holdings in Netflix were worth $240,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in NFLX. New Covenant Trust Company N.A. increased its position in Netflix by 71.7% in the 1st quarter. New Covenant Trust Company N.A. now owns 503 shares of the Internet television network’s stock valued at $470,000 after acquiring an additional 210 shares during the period. G2 Capital Management LLC OH grew its stake in shares of Netflix by 1.4% in the first quarter. G2 Capital Management LLC OH now owns 1,016 shares of the Internet television network’s stock worth $947,000 after purchasing an additional 14 shares during the last quarter. Sava Infond d.o.o. increased its holdings in Netflix by 121.3% in the first quarter. Sava Infond d.o.o. now owns 1,195 shares of the Internet television network’s stock valued at $1,114,000 after purchasing an additional 655 shares during the period. Ledyard National Bank raised its position in Netflix by 4.7% during the 1st quarter. Ledyard National Bank now owns 268 shares of the Internet television network’s stock worth $250,000 after purchasing an additional 12 shares during the last quarter. Finally, YHB Investment Advisors Inc. lifted its holdings in Netflix by 0.9% during the 1st quarter. YHB Investment Advisors Inc. now owns 5,083 shares of the Internet television network’s stock worth $4,740,000 after buying an additional 45 shares during the period. Institutional investors own 80.93% of the company’s stock.

Netflix Stock Up 1.8%

NFLX opened at $1,253.54 on Tuesday. The company has a 50 day moving average of $1,157.24 and a 200 day moving average of $1,014.42. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.58. Netflix, Inc. has a 12 month low of $587.04 and a 12 month high of $1,262.81. The company has a market cap of $533.47 billion, a PE ratio of 59.24, a price-to-earnings-growth ratio of 2.38 and a beta of 1.59.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data 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. Netflix had a return on equity of 39.61% and a net margin of 23.07%. The business had revenue of $10.54 billion for the quarter, compared to analysts’ expectations of $10.51 billion. During the same quarter in the prior year, the firm posted $8.28 EPS. On average, sell-side analysts expect that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Buying and Selling at Netflix

In other news, CFO Spencer Adam Neumann sold 2,601 shares of the stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $921.72, for a total value of $2,397,393.72. Following the transaction, the chief financial officer now owns 3,691 shares of the company’s stock, valued at $3,402,068.52. This represents a 41.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Reed Hastings sold 25,360 shares of Netflix stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $921.15, for a total transaction of $23,360,364.00. Following the sale, the chairman now directly owns 394 shares of the company’s stock, valued at $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 a total of 184,660 shares of company stock valued at $209,802,025 in the last three months. Company insiders own 1.37% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on NFLX. Moffett Nathanson reissued a “buy” rating and issued a $1,150.00 price target (up previously from $1,100.00) on shares of Netflix in a research note on Friday, April 18th. FBN Securities started coverage on shares of Netflix in a research report on Thursday, March 27th. They issued an “outperform” rating and a $1,165.00 price target on the stock. UBS Group lifted their target price on shares of Netflix from $1,150.00 to $1,450.00 and gave the stock a “buy” rating in a research note on Wednesday, June 4th. Jefferies Financial Group raised their price target on shares of Netflix from $1,200.00 to $1,400.00 and gave the stock a “buy” rating in a report on Tuesday, June 3rd. Finally, KeyCorp upped their price objective on shares of Netflix from $1,000.00 to $1,070.00 and gave the company an “overweight” rating in a report on Monday, April 21st. Eleven 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. Based on data from MarketBeat.com, Netflix currently has an average rating of “Moderate Buy” and a consensus target price of $1,172.73.

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.