Precision Wealth Strategies LLC Boosts Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Precision Wealth Strategies LLC grew its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 20.0% in the third quarter, according to its most recent filing with the SEC. The fund owned 3,491 shares of the Internet television network’s stock after acquiring an additional 582 shares during the period. Netflix comprises about 2.3% of Precision Wealth Strategies LLC’s portfolio, making the stock its 10th largest holding. Precision Wealth Strategies LLC’s holdings in Netflix were worth $2,476,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. AdvisorNet Financial Inc grew its position in Netflix by 4.9% during the 1st quarter. AdvisorNet Financial Inc now owns 833 shares of the Internet television network’s stock worth $506,000 after purchasing an additional 39 shares in the last quarter. Annex Advisory Services LLC raised its position in Netflix by 7.6% during the first quarter. Annex Advisory Services LLC now owns 781 shares of the Internet television network’s stock valued at $474,000 after buying an additional 55 shares during the period. Quad Cities Investment Group LLC purchased a new stake in Netflix in the 1st quarter worth about $215,000. DLK Investment Management LLC boosted its position in Netflix by 11.7% during the 1st quarter. DLK Investment Management LLC now owns 2,462 shares of the Internet television network’s stock worth $1,495,000 after acquiring an additional 258 shares during the period. Finally, Prentice Wealth Management LLC grew its stake in Netflix by 6.1% during the 1st quarter. Prentice Wealth Management LLC now owns 902 shares of the Internet television network’s stock valued at $548,000 after acquiring an additional 52 shares in the last quarter. 80.93% of the stock is owned by institutional investors.

Insider Transactions at Netflix

In related news, Director Leslie J. Kilgore sold 358 shares of the firm’s stock in a transaction on Friday, October 18th. The stock was sold at an average price of $765.00, for a total value of $273,870.00. Following the completion of the transaction, the director now directly owns 35,262 shares of the company’s stock, valued at $26,975,430. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Leslie J. Kilgore sold 383 shares of the company’s stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $730.00, for a total value of $279,590.00. Following the sale, the director now owns 35,262 shares of the company’s stock, valued at $25,741,260. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Leslie J. Kilgore sold 358 shares of the firm’s stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $765.00, for a total transaction of $273,870.00. Following the transaction, the director now owns 35,262 shares of the company’s stock, valued at approximately $26,975,430. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 229,711 shares of company stock valued at $153,905,830. 1.76% of the stock is owned by corporate insiders.

Netflix Trading Up 1.1 %

Shares of NFLX opened at $772.07 on Tuesday. The stock’s 50-day moving average price is $699.16 and its 200 day moving average price is $656.21. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of $332.76 billion, a price-to-earnings ratio of 53.58, a P/E/G ratio of 1.49 and a beta of 1.26. Netflix, Inc. has a 12-month low of $395.62 and a 12-month high of $773.00.

Analyst Ratings Changes

NFLX has been the subject of a number of research analyst reports. Loop Capital increased their price target on shares of Netflix from $750.00 to $800.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. China Renaissance began coverage on shares of Netflix in a research note on Thursday, September 5th. They set a “hold” rating and a $680.00 target price for the company. Bank of America upped their price target on shares of Netflix from $740.00 to $800.00 and gave the stock a “buy” rating in a research note on Friday. Wolfe Research reiterated an “outperform” rating on shares of Netflix in a report on Friday. Finally, Wedbush boosted their target price on Netflix from $725.00 to $775.00 and gave the company an “overweight” rating in a research note on Thursday, October 17th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-five have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average 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.