Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Vanguard Capital Wealth Advisors

Vanguard Capital Wealth Advisors lessened its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 2.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,651 shares of the Internet television network’s stock after selling 50 shares during the period. Netflix comprises 1.6% of Vanguard Capital Wealth Advisors’ investment portfolio, making the stock its 11th biggest holding. Vanguard Capital Wealth Advisors’ holdings in Netflix were worth $1,472,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of NFLX. Pathway Financial Advisers LLC boosted its holdings in Netflix by 82.4% during the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network’s stock worth $27,000 after buying an additional 14 shares in the last quarter. Transce3nd LLC acquired a new stake in shares of Netflix in the 4th quarter worth approximately $32,000. Newton One Investments LLC acquired a new position in Netflix during the fourth quarter worth $34,000. Pineridge Advisors LLC grew its stake in Netflix by 4,000.0% in the 4th quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network’s stock valued at $37,000 after acquiring an additional 40 shares during the last quarter. Finally, Stuart Chaussee & Associates Inc. raised its position in Netflix by 4,500.0% during the fourth quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network’s stock worth $41,000 after acquiring an additional 45 shares during the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on NFLX. Piper Sandler set a $1,150.00 target price on Netflix and gave the company an “overweight” rating in a research note on Monday, April 21st. UBS Group cut their target price on shares of Netflix from $1,150.00 to $1,140.00 and set a “buy” rating for the company in a research note on Tuesday, April 15th. Barclays upped their price objective on shares of Netflix from $900.00 to $1,000.00 and gave the company an “equal weight” rating in a research note on Monday, April 21st. Wolfe Research set a $1,340.00 price target on Netflix and gave the stock an “outperform” rating in a research note on Friday. Finally, Guggenheim restated a “buy” rating and issued a $1,150.00 target price (up from $1,100.00) on shares of Netflix in a report on Friday, April 18th. Eleven investment 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. Based on data from MarketBeat, Netflix currently has a consensus rating of “Moderate Buy” and an average target price of $1,102.79.

Netflix Trading Up 0.0%

Netflix stock opened at $1,191.64 on Tuesday. The company has a 50 day moving average price of $1,014.78 and a 200 day moving average price of $951.31. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. Netflix, Inc. has a 52 week low of $587.04 and a 52 week high of $1,196.50. The firm has a market capitalization of $507.13 billion, a price-to-earnings ratio of 60.09, a P/E/G ratio of 2.12 and a beta of 1.58.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, beating the consensus estimate of $5.74 by $0.87. The firm had revenue of $10.54 billion for the quarter, compared to analyst estimates of $10.51 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. During the same period in the previous year, the firm earned $8.28 earnings per share. Research analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Activity

In related news, CAO Jeffrey William Karbowski sold 160 shares of Netflix stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $1,000.00, for a total value of $160,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Bradford L. Smith sold 3,919 shares of the company’s stock in a transaction on Monday, May 12th. The stock was sold at an average price of $1,124.26, for a total transaction of $4,405,974.94. Following the completion of the sale, the director now owns 7,969 shares of the company’s stock, valued at $8,959,227.94. This represents a 32.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 132,868 shares of company stock worth $138,483,256 in the last ninety days. Corporate insiders own 1.76% 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.