Executive Wealth Management LLC Has $979,000 Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Executive Wealth Management LLC increased its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 67.1% during the third quarter, Holdings Channel reports. The institutional investor owned 1,380 shares of the Internet television network’s stock after purchasing an additional 554 shares during the quarter. Executive Wealth Management LLC’s holdings in Netflix were worth $979,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. DigitalBridge Group Inc. grew its position in Netflix by 35.5% during the second quarter. DigitalBridge Group Inc. now owns 36,063 shares of the Internet television network’s stock worth $24,338,000 after buying an additional 9,451 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Netflix by 1.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,579,404 shares of the Internet television network’s stock valued at $1,829,494,000 after purchasing an additional 29,726 shares in the last quarter. Natixis Advisors LLC boosted its holdings in Netflix by 2.0% during the third quarter. Natixis Advisors LLC now owns 612,458 shares of the Internet television network’s stock valued at $434,398,000 after purchasing an additional 11,921 shares in the last quarter. Kestra Investment Management LLC acquired a new stake in Netflix during the third quarter valued at approximately $1,517,000. Finally, Voyager Global Management LP boosted its holdings in Netflix by 1.0% during the third quarter. Voyager Global Management LP now owns 101,000 shares of the Internet television network’s stock valued at $71,636,000 after purchasing an additional 1,000 shares in the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have weighed in on NFLX. China Renaissance began coverage on Netflix in a report on Thursday, September 5th. They set a “hold” rating and a $680.00 price objective on the stock. Pivotal Research lifted their price objective on Netflix from $925.00 to $1,100.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Canaccord Genuity Group lifted their price objective on Netflix from $760.00 to $940.00 and gave the company a “hold” rating in a report on Monday, December 2nd. Bank of America lifted their price objective on Netflix from $800.00 to $1,000.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Finally, UBS Group lifted their target price on shares of Netflix from $750.00 to $825.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $783.00.

Netflix Price Performance

Shares of NFLX stock opened at $913.69 on Tuesday. Netflix, Inc. has a 12-month low of $457.21 and a 12-month high of $935.27. The firm has a market capitalization of $390.57 billion, a price-to-earnings ratio of 51.71, a price-to-earnings-growth ratio of 1.80 and a beta of 1.27. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62. The firm has a fifty day moving average of $797.01 and a 200-day moving average of $712.57.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.09 by $0.31. Netflix had a net margin of 20.70% and a return on equity of 35.86%. The company had revenue of $9.82 billion during the quarter, compared to analyst estimates of $9.77 billion. On average, equities research analysts forecast that Netflix, Inc. will post 19.78 earnings per share for the current year.

Insider Activity

In related news, Director Jay C. Hoag sold 43,750 shares of the company’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $687.07, for a total value of $30,059,312.50. Following the completion of the transaction, the director now directly owns 95,040 shares of the company’s stock, valued at approximately $65,299,132.80. This represents a 31.52 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Anne M. Sweeney sold 589 shares of the company’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $880.00, for a total transaction of $518,320.00. The disclosure for this sale can be found here. Insiders sold 209,155 shares of company stock valued at $159,682,799 in the last quarter. Company insiders own 1.76% of the company’s stock.

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.