Daymark Wealth Partners LLC Purchases 54 Shares of Netflix, Inc. (NASDAQ:NFLX)

Daymark Wealth Partners LLC lifted its position in Netflix, Inc. (NASDAQ:NFLX) by 3.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,659 shares of the Internet television network’s stock after buying an additional 54 shares during the quarter. Daymark Wealth Partners LLC’s holdings in Netflix were worth $1,547,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in NFLX. Brighton Jones LLC lifted its holdings in Netflix by 5.0% in the 4th quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network’s stock worth $4,804,000 after purchasing an additional 257 shares during the last quarter. Revolve Wealth Partners LLC lifted its holdings in Netflix by 16.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network’s stock worth $912,000 after purchasing an additional 144 shares during the last quarter. FourThought Financial Partners LLC acquired a new stake in Netflix in the 4th quarter worth approximately $1,025,000. Delta Financial Advisors LLC lifted its holdings in Netflix by 4.0% in the 4th quarter. Delta Financial Advisors LLC now owns 391 shares of the Internet television network’s stock worth $349,000 after purchasing an additional 15 shares during the last quarter. Finally, FFT Wealth Management LLC acquired a new stake in Netflix in the 4th quarter worth approximately $209,000. Institutional investors own 80.93% of the company’s stock.

Netflix Stock Performance

Shares of NASDAQ:NFLX opened at $1,275.25 on Thursday. The business’s fifty day moving average price is $1,169.57 and its two-hundred day moving average price is $1,018.04. Netflix, Inc. has a fifty-two week low of $587.04 and a fifty-two week high of $1,298.00. The stock has a market capitalization of $542.71 billion, a price-to-earnings ratio of 60.27, a price-to-earnings-growth ratio of 2.47 and a beta of 1.59. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.20 and a quick ratio of 1.20.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, beating analysts’ consensus estimates of $5.74 by $0.87. Netflix had a return on equity of 39.61% and a net margin of 23.07%. The firm had revenue of $10.54 billion for the quarter, compared to analysts’ expectations of $10.51 billion. During the same period in the prior year, the business posted $8.28 earnings per share. As a group, analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently weighed in on NFLX. Barclays boosted their target price on Netflix from $900.00 to $1,000.00 and gave the stock an “equal weight” rating in a report on Monday, April 21st. Rosenblatt Securities boosted their target price on Netflix from $1,494.00 to $1,514.00 and gave the stock a “buy” rating in a report on Monday, April 21st. Oppenheimer upped their price target on Netflix from $1,200.00 to $1,425.00 and gave the stock an “outperform” rating in a report on Thursday, June 12th. Evercore ISI reiterated an “outperform” rating on shares of Netflix in a report on Thursday, May 15th. Finally, Benchmark reiterated a “hold” rating on shares of Netflix in a report on Monday, April 21st. Eleven research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Netflix presently has a consensus rating of “Moderate Buy” and an average price target of $1,172.73.

Insider Buying and Selling at Netflix

In other news, insider Cletus R. Willems sold 298 shares of the stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $1,138.00, for a total transaction of $339,124.00. Following the sale, the insider now owns 31,610 shares in the company, valued at approximately $35,972,180. This represents a 0.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ann Mather sold 1,358 shares of the stock in a transaction on Friday, May 9th. The stock was sold at an average price of $1,150.00, for a total value of $1,561,700.00. The disclosure for this sale can be found here. Insiders have sold 184,660 shares of company stock worth $209,802,025 over the last three months. Company insiders own 1.37% of the company’s stock.

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.