Consilio Wealth Advisors LLC Takes $257,000 Position in Netflix, Inc. (NASDAQ:NFLX)

Consilio Wealth Advisors LLC acquired a new position in Netflix, Inc. (NASDAQ:NFLX) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 423 shares of the Internet television network’s stock, valued at approximately $257,000.

Several other large investors have also recently added to or reduced their stakes in NFLX. Norges Bank bought a new position in shares of Netflix in the fourth quarter worth $2,558,598,000. Wellington Management Group LLP lifted its holdings in Netflix by 540.9% in the fourth quarter. Wellington Management Group LLP now owns 3,878,785 shares of the Internet television network’s stock worth $1,888,503,000 after purchasing an additional 3,273,592 shares during the period. International Assets Investment Management LLC lifted its holdings in Netflix by 15,039.1% in the fourth quarter. International Assets Investment Management LLC now owns 2,075,569 shares of the Internet television network’s stock worth $1,010,553,000 after purchasing an additional 2,061,859 shares during the period. Jennison Associates LLC grew its position in Netflix by 40.6% in the 4th quarter. Jennison Associates LLC now owns 5,452,271 shares of the Internet television network’s stock valued at $2,654,602,000 after buying an additional 1,573,978 shares in the last quarter. Finally, Global Assets Advisory LLC acquired a new position in Netflix during the 1st quarter valued at about $436,514,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on NFLX shares. BMO Capital Markets reiterated an “outperform” rating and issued a $713.00 price objective (up from $638.00) on shares of Netflix in a report on Wednesday, April 17th. Rosenblatt Securities increased their price target on Netflix from $540.00 to $554.00 and gave the company a “neutral” rating in a research note on Friday, May 17th. Wells Fargo & Company boosted their price objective on Netflix from $650.00 to $726.00 and gave the stock an “overweight” rating in a research note on Friday, April 19th. Macquarie raised their target price on Netflix from $595.00 to $685.00 and gave the company an “outperform” rating in a research note on Tuesday, April 16th. Finally, TD Cowen boosted their price target on shares of Netflix from $600.00 to $725.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Netflix has an average rating of “Moderate Buy” and a consensus price target of $633.53.

Netflix Stock Down 0.2 %

Shares of NASDAQ NFLX traded down $1.27 during mid-day trading on Monday, reaching $673.61. The company had a trading volume of 2,211,181 shares, compared to its average volume of 3,977,779. The stock has a market capitalization of $290.33 billion, a PE ratio of 46.75, a price-to-earnings-growth ratio of 1.46 and a beta of 1.27. Netflix, Inc. has a twelve month low of $344.73 and a twelve month high of $689.88. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.07 and a current ratio of 1.07. The stock’s 50 day moving average is $628.93 and its 200-day moving average is $585.07.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share for the quarter, topping analysts’ consensus estimates of $4.51 by $0.77. The company had revenue of $9.37 billion during the quarter, compared to the consensus estimate of $9.28 billion. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The business’s quarterly revenue was up 14.8% on a year-over-year basis. During the same period last year, the business earned $2.88 EPS. As a group, equities analysts anticipate that Netflix, Inc. will post 18.31 earnings per share for the current fiscal year.

Insider Buying and Selling at Netflix

In related news, CEO Gregory K. Peters sold 4,783 shares of the company’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $675.00, for a total value of $3,228,525.00. Following the completion of the sale, the chief executive officer now directly owns 13,090 shares in the company, valued at $8,835,750. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Chairman Reed Hastings sold 19,943 shares of Netflix stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $633.58, for a total value of $12,635,485.94. Following the transaction, the chairman now owns 57 shares of the company’s stock, valued at $36,114.06. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Gregory K. Peters sold 4,783 shares of the business’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $675.00, for a total transaction of $3,228,525.00. Following the completion of the sale, the chief executive officer now owns 13,090 shares of the company’s stock, valued at $8,835,750. The disclosure for this sale can be found here. Insiders sold 48,859 shares of company stock worth $29,365,893 over the last ninety days. 1.76% of the stock is currently owned by insiders.

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.