FSM Wealth Advisors LLC Raises Holdings in Netflix, Inc. (NASDAQ:NFLX)

FSM Wealth Advisors LLC lifted its holdings in Netflix, Inc. (NASDAQ:NFLX) by 70.4% in the 1st quarter, Holdings Channel.com reports. The fund owned 467 shares of the Internet television network’s stock after buying an additional 193 shares during the quarter. FSM Wealth Advisors LLC’s holdings in Netflix were worth $436,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the stock. Halbert Hargrove Global Advisors LLC raised its stake in shares of Netflix by 100.0% in the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network’s stock valued at $25,000 after purchasing an additional 13 shares in the last quarter. Brown Shipley& Co Ltd bought a new stake in Netflix in the 4th quarter valued at about $27,000. Transce3nd LLC acquired a new position in shares of Netflix during the fourth quarter worth approximately $32,000. Copia Wealth Management bought a new position in shares of Netflix in the fourth quarter worth $37,000. Finally, Stuart Chaussee & Associates Inc. raised its position in shares of Netflix by 4,500.0% during the 4th quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network’s stock worth $41,000 after buying an additional 45 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Trading Down 3.4%

Netflix stock opened at $1,293.60 on Wednesday. The firm has a market capitalization of $550.52 billion, a PE ratio of 61.13, a PEG ratio of 2.59 and a beta of 1.59. Netflix, Inc. has a 52 week low of $587.04 and a 52 week high of $1,341.15. The business’s 50-day simple moving average is $1,195.33 and its 200-day simple moving average is $1,029.66. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.20 and a current ratio of 1.20.

Netflix (NASDAQ:NFLX) last released its 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 39.61% and a net margin of 23.07%. The business had revenue of $10.54 billion for the quarter, compared to the consensus estimate of $10.51 billion. During the same period last year, the business earned $8.28 earnings per share. Equities research analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insider Buying and Selling

In other Netflix news, Director Reed Hastings sold 26,933 shares of Netflix stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $1,211.66, for a total transaction of $32,633,638.78. Following the sale, the director owned 394 shares in the company, valued at $477,394.04. The trade was a 98.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jay C. Hoag sold 31,750 shares of the stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $1,252.35, for a total transaction of $39,762,112.50. Following the completion of the transaction, the director owned 63,040 shares of the company’s stock, valued at approximately $78,948,144. This represents a 33.50% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 157,319 shares of company stock worth $184,842,109. 1.37% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on NFLX shares. Jefferies Financial Group upped their price objective on Netflix from $1,200.00 to $1,400.00 and gave the company a “buy” rating in a report on Tuesday, June 3rd. Wolfe Research set a $1,340.00 target price on Netflix and gave the company an “outperform” rating in a report on Friday, May 16th. Moffett Nathanson reiterated a “buy” rating and issued a $1,150.00 target price (up from $1,100.00) on shares of Netflix in a report on Friday, April 18th. Wells Fargo & Company upped their price target on shares of Netflix from $1,222.00 to $1,500.00 and gave the company an “overweight” rating in a research report on Friday, June 20th. Finally, Morgan Stanley raised their target price on Netflix from $1,150.00 to $1,200.00 and gave the stock an “overweight” rating in a research report on Monday, April 21st. Eleven research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Netflix presently has a consensus rating of “Moderate Buy” and an average price target of $1,172.73.

Netflix Company Profile

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.