Aire Advisors LLC Purchases 79 Shares of Netflix, Inc. $NFLX

Aire Advisors LLC lifted its position in Netflix, Inc. (NASDAQ:NFLX) by 10.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 833 shares of the Internet television network’s stock after buying an additional 79 shares during the quarter. Aire Advisors LLC’s holdings in Netflix were worth $1,115,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in NFLX. Brighton Jones LLC grew its stake in shares of Netflix by 5.0% in the fourth quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network’s stock valued at $4,804,000 after buying an additional 257 shares in the last quarter. Revolve Wealth Partners LLC grew its stake in shares of Netflix by 16.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network’s stock valued at $912,000 after buying an additional 144 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Netflix by 17.6% in the first quarter. GAMMA Investing LLC now owns 9,475 shares of the Internet television network’s stock valued at $8,836,000 after buying an additional 1,415 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of Netflix by 28.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 91,054 shares of the Internet television network’s stock valued at $84,909,000 after buying an additional 20,152 shares in the last quarter. Finally, Grimes & Company Inc. grew its stake in shares of Netflix by 3.9% in the first quarter. Grimes & Company Inc. now owns 376 shares of the Internet television network’s stock valued at $350,000 after buying an additional 14 shares in the last quarter. 80.93% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on NFLX shares. Wall Street Zen cut shares of Netflix from a “buy” rating to a “hold” rating in a research report on Saturday, October 4th. Morgan Stanley set a $1,500.00 price objective on shares of Netflix in a research report on Monday. Cowen reaffirmed a “buy” rating on shares of Netflix in a research report on Tuesday, October 7th. Sanford C. Bernstein lifted their price objective on shares of Netflix from $1,200.00 to $1,390.00 and gave the stock an “outperform” rating in a research report on Thursday, July 17th. Finally, UBS Group set a $1,425.00 price objective on shares of Netflix in a research report on Tuesday, October 7th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, Netflix has an average rating of “Moderate Buy” and an average price target of $1,337.63.

Insider Activity at Netflix

In other news, Director Reed Hastings sold 42,176 shares of Netflix stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $1,171.92, for a total transaction of $49,426,897.92. Following the completion of the sale, the director owned 394 shares of the company’s stock, valued at approximately $461,736.48. This trade represents a 99.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gregory K. Peters sold 2,026 shares of Netflix stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $1,157.44, for a total value of $2,344,973.44. Following the sale, the chief executive officer directly owned 12,781 shares of the company’s stock, valued at $14,793,240.64. This represents a 13.68% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 104,100 shares of company stock valued at $122,710,980. 1.37% of the stock is currently owned by insiders.

Netflix Stock Down 1.0%

NFLX opened at $1,203.29 on Thursday. Netflix, Inc. has a fifty-two week low of $677.88 and a fifty-two week high of $1,341.15. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34. The company has a market capitalization of $511.31 billion, a P/E ratio of 51.27, a P/E/G ratio of 2.04 and a beta of 1.59. The stock has a fifty day moving average of $1,213.65 and a 200-day moving average of $1,172.31.

Netflix (NASDAQ:NFLX) last posted its earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, topping analysts’ consensus estimates of $7.07 by $0.12. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The company had revenue of $11.08 billion during the quarter, compared to the consensus estimate of $11.04 billion. During the same quarter last year, the firm earned $4.88 earnings per share. The company’s revenue was up 15.9% on a year-over-year basis. On average, equities analysts expect that Netflix, Inc. will post 24.58 EPS for the current year.

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.