Netflix, Inc. (NASDAQ:NFLX) Shares Bought by SOA Wealth Advisors LLC.

SOA Wealth Advisors LLC. raised its position in Netflix, Inc. (NASDAQ:NFLX) by 951.2% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 16,683 shares of the Internet television network’s stock after buying an additional 15,096 shares during the quarter. Netflix comprises about 1.8% of SOA Wealth Advisors LLC.’s holdings, making the stock its 11th largest position. SOA Wealth Advisors LLC.’s holdings in Netflix were worth $15,557,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Janus Henderson Group PLC increased its stake in Netflix by 8.7% in the 4th quarter. Janus Henderson Group PLC now owns 1,377,081 shares of the Internet television network’s stock valued at $1,227,468,000 after buying an additional 110,432 shares during the period. PharVision Advisers LLC acquired a new position in shares of Netflix during the 4th quarter worth $873,000. First National Trust Co grew its stake in shares of Netflix by 1.0% during the 4th quarter. First National Trust Co now owns 1,258 shares of the Internet television network’s stock worth $1,121,000 after purchasing an additional 12 shares during the period. Haven Private LLC acquired a new position in shares of Netflix during the 4th quarter worth $733,000. Finally, Sigma Planning Corp grew its stake in shares of Netflix by 7.4% during the 4th quarter. Sigma Planning Corp now owns 5,572 shares of the Internet television network’s stock worth $4,966,000 after purchasing an additional 386 shares during the period. 80.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on NFLX. Benchmark reaffirmed a “hold” rating on shares of Netflix in a research note on Monday, April 21st. Morgan Stanley upped their price target on shares of Netflix from $1,150.00 to $1,200.00 and gave the stock an “overweight” rating in a research note on Monday, April 21st. Wolfe Research set a $1,340.00 price target on shares of Netflix and gave the stock an “outperform” rating in a research note on Friday, May 16th. Pivotal Research upped their price target on shares of Netflix from $1,250.00 to $1,350.00 and gave the stock a “buy” rating in a research note on Monday, April 21st. Finally, UBS Group upped their price target 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. Eleven research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $1,149.91.

Insider Transactions at Netflix

In related news, CAO Jeffrey William Karbowski sold 480 shares of the stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $978.18, for a total transaction of $469,526.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Cletus R. Willems sold 298 shares of the stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $1,138.00, for a total transaction of $339,124.00. Following the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at approximately $35,972,180. This trade represents a 0.93% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 153,390 shares of company stock worth $170,509,439 in the last three months. Company insiders own 1.37% of the company’s stock.

Netflix Price Performance

NASDAQ:NFLX opened at $1,241.47 on Friday. The firm has a market cap of $528.33 billion, a price-to-earnings ratio of 62.61, a price-to-earnings-growth ratio of 2.12 and a beta of 1.59. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. The company’s 50-day moving average is $1,087.80 and its two-hundred day moving average is $988.53. Netflix, Inc. has a 12-month low of $587.04 and a 12-month high of $1,262.81.

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

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.