Cetera Advisor Networks LLC Raises Holdings in Netflix, Inc. (NASDAQ:NFLX)

Cetera Advisor Networks LLC increased its position in Netflix, Inc. (NASDAQ:NFLX) by 0.6% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 33,086 shares of the Internet television network’s stock after purchasing an additional 186 shares during the period. Cetera Advisor Networks LLC’s holdings in Netflix were worth $20,094,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Valued Wealth Advisors LLC raised its stake in Netflix by 80.0% during the 1st quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock valued at $27,000 after acquiring an additional 20 shares during the last quarter. VitalStone Financial LLC raised its stake in shares of Netflix by 933.3% during the fourth quarter. VitalStone Financial LLC now owns 62 shares of the Internet television network’s stock worth $30,000 after purchasing an additional 56 shares during the last quarter. Beaird Harris Wealth Management LLC lifted its holdings in shares of Netflix by 1,550.0% during the fourth quarter. Beaird Harris Wealth Management LLC now owns 66 shares of the Internet television network’s stock worth $32,000 after purchasing an additional 62 shares during the period. Scarborough Advisors LLC purchased a new position in Netflix in the 4th quarter valued at $32,000. Finally, Indiana Trust & Investment Management CO grew its position in Netflix by 112.0% in the 1st quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock valued at $32,000 after buying an additional 28 shares during the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently commented on NFLX. Benchmark raised their target price on shares of Netflix from $450.00 to $545.00 and gave the stock a “sell” rating in a research note on Tuesday, July 16th. Sanford C. Bernstein lifted their price objective on Netflix from $600.00 to $625.00 and gave the company a “market perform” rating in a report on Friday, July 19th. Macquarie reissued an “outperform” rating and set a $685.00 target price on shares of Netflix in a research note on Tuesday, July 16th. TD Cowen lifted their price target on Netflix from $725.00 to $775.00 and gave the company a “buy” rating in a research note on Tuesday, July 9th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $725.00 price objective on shares of Netflix in a research report on Tuesday, July 30th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and twenty-four have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $681.21.

Netflix Trading Down 1.8 %

Shares of NASDAQ NFLX traded down $11.21 during midday trading on Friday, hitting $613.64. The stock had a trading volume of 3,523,003 shares, compared to its average volume of 3,930,496. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.55. Netflix, Inc. has a 1-year low of $344.73 and a 1-year high of $697.49. The company has a market capitalization of $263.36 billion, a price-to-earnings ratio of 42.58, a PEG ratio of 1.28 and a beta of 1.27. The company has a fifty day moving average price of $656.10 and a 200 day moving average price of $613.76.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Thursday, July 18th. The Internet television network reported $4.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.74 by $0.14. Netflix had a net margin of 19.54% and a return on equity of 32.93%. The company had revenue of $9.56 billion during the quarter, compared to the consensus estimate of $9.53 billion. During the same period in the previous year, the firm earned $3.29 earnings per share. Netflix’s revenue for the quarter was up 16.8% on a year-over-year basis. On average, analysts predict that Netflix, Inc. will post 19.08 earnings per share for the current year.

Insider Buying and Selling at Netflix

In other Netflix news, Chairman Reed Hastings sold 19,943 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $633.58, for a total value of $12,635,485.94. Following the completion of the transaction, the chairman now owns 57 shares in the company, valued at approximately $36,114.06. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Netflix news, CFO Spencer Adam Neumann sold 564 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $613.08, for a total value of $345,777.12. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Reed Hastings sold 19,943 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $633.58, for a total transaction of $12,635,485.94. Following the sale, the chairman now directly owns 57 shares of the company’s stock, valued at approximately $36,114.06. The disclosure for this sale can be found here. Insiders have sold 73,415 shares of company stock valued at $47,477,222 over the last three months. 1.76% of the stock is owned by company insiders.

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.