Outlook Wealth Advisors LLC Takes $323,000 Position in Netflix, Inc. (NASDAQ:NFLX)

Outlook Wealth Advisors LLC acquired a new stake in shares of Netflix, Inc. (NASDAQ:NFLX) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 532 shares of the Internet television network’s stock, valued at approximately $323,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Indiana Trust & Investment Management CO boosted its stake in shares of Netflix by 112.0% in the first 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 during the period. VitalStone Financial LLC boosted its stake in Netflix by 933.3% during the fourth quarter. VitalStone Financial LLC now owns 62 shares of the Internet television network’s stock valued at $30,000 after buying an additional 56 shares during the last quarter. Scarborough Advisors LLC bought a new stake in Netflix in the 4th quarter worth approximately $32,000. Authentikos Wealth Advisory LLC bought a new stake in Netflix in the 3rd quarter worth approximately $25,000. Finally, Beaird Harris Wealth Management LLC increased its stake in Netflix by 1,550.0% in the 4th quarter. Beaird Harris Wealth Management LLC now owns 66 shares of the Internet television network’s stock worth $32,000 after acquiring an additional 62 shares during the last quarter. 80.93% of the stock is owned by institutional investors.

Netflix Price Performance

Shares of NASDAQ NFLX traded down $3.57 during trading on Friday, hitting $561.23. The company had a trading volume of 4,332,593 shares, compared to its average volume of 4,190,527. The firm has a market capitalization of $241.83 billion, a price-to-earnings ratio of 38.95, a price-to-earnings-growth ratio of 1.38 and a beta of 1.22. The stock has a fifty day simple moving average of $604.54 and a two-hundred day simple moving average of $519.46. The company has a quick ratio of 1.12, a current ratio of 1.07 and a debt-to-equity ratio of 0.62. Netflix, Inc. has a fifty-two week low of $315.62 and a fifty-two week high of $639.00.

Netflix (NASDAQ:NFLX) last announced its earnings results on Thursday, April 18th. The Internet television network reported $5.28 EPS for the quarter, beating analysts’ consensus estimates of $4.51 by $0.77. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The business had revenue of $9.37 billion during the quarter, compared to analysts’ expectations of $9.28 billion. During the same quarter in the prior year, the firm earned $2.88 earnings per share. The business’s revenue was up 14.8% compared to the same quarter last year. On average, research analysts expect that Netflix, Inc. will post 18.13 earnings per share for the current year.

Insider Buying and Selling

In related news, Chairman Reed Hastings sold 20,566 shares of the firm’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $610.42, for a total transaction of $12,553,897.72. Following the completion of the sale, the chairman now directly owns 28 shares in the company, valued at $17,091.76. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Netflix news, insider David A. Hyman sold 267 shares of Netflix stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $556.01, for a total transaction of $148,454.67. Following the completion of the sale, the insider now directly owns 31,610 shares in the company, valued at $17,575,476.10. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Reed Hastings sold 20,566 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $610.42, for a total transaction of $12,553,897.72. Following the completion of the transaction, the chairman now owns 28 shares in the company, valued at $17,091.76. The disclosure for this sale can be found here. Over the last three months, insiders have sold 154,573 shares of company stock worth $89,548,241. 2.45% of the stock is owned by insiders.

Analyst Ratings Changes

NFLX has been the topic of several recent research reports. Wells Fargo & Company upped their target price on shares of Netflix from $650.00 to $726.00 and gave the company an “overweight” rating in a research report on Friday, April 19th. Bank of America increased their target price on shares of Netflix from $650.00 to $700.00 and gave the company a “buy” rating in a research note on Friday, April 19th. KeyCorp raised their price objective on shares of Netflix from $580.00 to $705.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 20th. Barclays upped their target price on Netflix from $475.00 to $550.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 9th. Finally, Benchmark reaffirmed a “sell” rating and issued a $440.00 price objective on shares of Netflix in a research report on Thursday, April 18th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $630.58.

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.