Insight Wealth Strategies LLC Has $585,000 Holdings in Netflix, Inc. (NASDAQ:NFLX)

Insight Wealth Strategies LLC raised its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 1.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 656 shares of the Internet television network’s stock after acquiring an additional 12 shares during the quarter. Insight Wealth Strategies LLC’s holdings in Netflix were worth $585,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. RPg Family Wealth Advisory LLC acquired a new position in Netflix in the 3rd quarter valued at approximately $25,000. E Fund Management Hong Kong Co. Ltd. grew its holdings in shares of Netflix by 700.0% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock valued at $34,000 after acquiring an additional 42 shares in the last quarter. MidAtlantic Capital Management Inc. purchased a new position in Netflix in the third quarter valued at about $37,000. FSA Wealth Management LLC acquired a new position in Netflix in the 3rd quarter worth about $38,000. Finally, First Personal Financial Services purchased a new stake in shares of Netflix during the 3rd quarter worth about $40,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Price Performance

Shares of NFLX stock traded down $7.56 during mid-day trading on Monday, reaching $873.49. The company’s stock had a trading volume of 2,092,218 shares, compared to its average volume of 2,425,585. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13. The firm’s 50-day moving average is $866.57 and its two-hundred day moving average is $746.99. Netflix, Inc. has a 1-year low of $472.95 and a 1-year high of $941.75. The company has a market cap of $373.38 billion, a P/E ratio of 49.43, a PEG ratio of 1.77 and a beta of 1.27.

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

Insider Transactions at Netflix

In related news, Director Leslie J. Kilgore sold 383 shares of the stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $730.00, for a total transaction of $279,590.00. Following the completion of the sale, the director now owns 35,262 shares in the company, valued at $25,741,260. This trade represents a 1.07 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Timothy M. Haley sold 11,090 shares of the business’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $757.96, for a total transaction of $8,405,776.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 150,761 shares of company stock valued at $125,713,484. Corporate insiders own 1.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on NFLX. Pivotal Research increased their price objective on Netflix from $925.00 to $1,100.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Barclays restated an “underweight” rating and set a $550.00 price target on shares of Netflix in a research note on Friday, October 18th. Wells Fargo & Company lifted their price objective on shares of Netflix from $758.00 to $797.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. TD Cowen increased their target price on shares of Netflix from $820.00 to $835.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Finally, Evercore ISI boosted their price target on Netflix from $775.00 to $950.00 and gave the stock an “outperform” rating in a research report on Monday, December 2nd. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Netflix presently has an average rating of “Moderate Buy” and a consensus price target of $821.27.

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.