Bernardo Wealth Planning LLC Takes $344,000 Position in Netflix, Inc. (NASDAQ:NFLX)

Bernardo Wealth Planning LLC acquired a new position in Netflix, Inc. (NASDAQ:NFLX) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 500 shares of the Internet television network’s stock, valued at approximately $344,000.

Other institutional investors also recently bought and sold shares of the company. Denver PWM LLC bought a new position in shares of Netflix during the 2nd quarter worth $25,000. Valued Wealth Advisors LLC lifted its stake in Netflix by 80.0% in the first quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock worth $27,000 after acquiring an additional 20 shares during the period. Indiana Trust & Investment Management CO grew its holdings in Netflix by 112.0% during the 1st quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock worth $32,000 after acquiring an additional 28 shares in the last quarter. Proffitt & Goodson Inc. increased its position in Netflix by 380.0% during the 2nd quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock valued at $32,000 after purchasing an additional 38 shares during the period. Finally, AlphaMark Advisors LLC lifted its position in shares of Netflix by 642.9% in the 2nd quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock worth $35,000 after purchasing an additional 45 shares during the period. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Netflix news, insider David A. Hyman sold 20,656 shares of Netflix stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $605.13, for a total transaction of $12,499,565.28. Following the sale, the insider now owns 31,610 shares of the company’s stock, valued at $19,128,159.30. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Netflix news, insider David A. Hyman sold 20,656 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $605.13, for a total value of $12,499,565.28. Following the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at $19,128,159.30. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Reed Hastings sold 25,599 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $631.43, for a total value of $16,163,976.57. Following the completion of the sale, the chairman now owns 57 shares of the company’s stock, valued at $35,991.51. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 225,167 shares of company stock worth $150,492,460. 1.76% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on NFLX. TD Cowen upped their target price on Netflix from $820.00 to $835.00 and gave the stock a “buy” rating in a report on Friday. Wolfe Research reiterated an “outperform” rating on shares of Netflix in a research note on Friday. Canaccord Genuity Group raised their price target on shares of Netflix from $750.00 to $760.00 and gave the company a “hold” rating in a report on Friday. Guggenheim lifted their price objective on shares of Netflix from $735.00 to $810.00 and gave the stock a “buy” rating in a research report on Friday, October 11th. Finally, Jefferies Financial Group increased their target price on shares of Netflix from $780.00 to $800.00 and gave the company a “buy” rating in a research report on Friday. Two investment 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 stock. Based on data from MarketBeat.com, Netflix currently has a consensus rating of “Moderate Buy” and an average target price of $747.70.

Netflix Trading Up 11.1 %

Shares of NFLX stock opened at $763.89 on Friday. The stock has a 50 day simple moving average of $696.38 and a 200-day simple moving average of $654.94. Netflix, Inc. has a 1-year low of $392.26 and a 1-year high of $766.28. The company has a market cap of $329.24 billion, a price-to-earnings ratio of 53.01, 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.

Netflix (NASDAQ:NFLX) last announced its earnings results on Thursday, July 18th. The Internet television network reported $4.88 EPS for the quarter, beating analysts’ consensus estimates of $4.74 by $0.14. The business had revenue of $9.56 billion during the quarter, compared to analysts’ expectations of $9.53 billion. Netflix had a return on equity of 32.93% and a net margin of 19.54%. The business’s revenue was up 16.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.29 earnings per share. On average, equities research analysts expect that Netflix, Inc. will post 19.08 EPS for the current fiscal year.

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.