Waterway Wealth Management LLC Purchases New Position in Netflix, Inc. (NASDAQ:NFLX)

Waterway Wealth Management LLC purchased a new stake in shares of Netflix, Inc. (NASDAQ:NFLX) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 383 shares of the Internet television network’s stock, valued at approximately $272,000.

A number of other large investors have also added to or reduced their stakes in the stock. Raleigh Capital Management Inc. grew its position in Netflix by 4.7% in the 3rd quarter. Raleigh Capital Management Inc. now owns 735 shares of the Internet television network’s stock worth $522,000 after purchasing an additional 33 shares during the period. Venture Visionary Partners LLC grew its position in shares of Netflix by 0.4% during the 3rd quarter. Venture Visionary Partners LLC now owns 14,461 shares of the Internet television network’s stock valued at $10,257,000 after acquiring an additional 57 shares during the period. Whittier Trust Co. of Nevada Inc. grew its position in shares of Netflix by 8.3% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 979 shares of the Internet television network’s stock valued at $694,000 after acquiring an additional 75 shares during the period. Western Financial Corp CA grew its position in shares of Netflix by 27.2% during the 3rd quarter. Western Financial Corp CA now owns 5,821 shares of the Internet television network’s stock valued at $4,129,000 after acquiring an additional 1,244 shares during the period. Finally, Retirement Guys Formula LLC grew its position in shares of Netflix by 6.3% during the 3rd quarter. Retirement Guys Formula LLC now owns 2,651 shares of the Internet television network’s stock valued at $1,880,000 after acquiring an additional 158 shares during the period. Institutional investors own 80.93% of the company’s stock.

Insider Buying and Selling

In other Netflix news, Chairman Reed Hastings sold 45,290 shares of the business’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $706.16, for a total value of $31,981,986.40. Following the sale, the chairman now directly owns 85 shares in the company, valued at approximately $60,023.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Netflix news, CEO Gregory K. Peters sold 1,278 shares of the company’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $614.44, for a total value of $785,254.32. Following the transaction, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at $8,043,019.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Reed Hastings sold 45,290 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $706.16, for a total transaction of $31,981,986.40. Following the transaction, the chairman now directly owns 85 shares in the company, valued at approximately $60,023.60. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 229,711 shares of company stock valued at $153,905,830 over the last 90 days. 1.76% of the stock is currently owned by company insiders.

Netflix Stock Up 1.1 %

NFLX stock opened at $772.07 on Tuesday. Netflix, Inc. has a 1-year low of $395.62 and a 1-year high of $773.00. The firm has a market cap of $332.76 billion, a price-to-earnings ratio of 53.58, a PEG ratio of 1.49 and a beta of 1.26. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a fifty day moving average price of $699.16 and a two-hundred day moving average price of $656.21.

Wall Street Analyst Weigh In

NFLX has been the topic of a number of analyst reports. Evercore ISI lifted their target price on shares of Netflix from $750.00 to $775.00 and gave the company an “outperform” rating in a research note on Friday. Morgan Stanley boosted their price target on shares of Netflix from $820.00 to $830.00 and gave the stock an “overweight” rating in a research note on Friday. Piper Sandler reiterated an “overweight” rating and issued a $840.00 price target (up previously from $800.00) on shares of Netflix in a research note on Friday. Rosenblatt Securities boosted their target price on shares of Netflix from $635.00 to $680.00 and gave the stock a “neutral” rating in a report on Friday. Finally, Barclays restated an “underweight” rating and issued a $550.00 target price on shares of Netflix in a report on Friday. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $747.70.

Netflix 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.