Accurate Wealth Management LLC Grows Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Accurate Wealth Management LLC lifted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 4.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,619 shares of the Internet television network’s stock after acquiring an additional 71 shares during the quarter. Accurate Wealth Management LLC’s holdings in Netflix were worth $1,487,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of NFLX. Simplicity Wealth LLC lifted its holdings in Netflix by 86.8% during the 1st quarter. Simplicity Wealth LLC now owns 3,675 shares of the Internet television network’s stock worth $3,427,000 after buying an additional 1,708 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Netflix by 17.6% during the first quarter. GAMMA Investing LLC now owns 9,475 shares of the Internet television network’s stock worth $8,836,000 after buying an additional 1,415 shares during the period. Wealthcare Capital Management LLC bought a new stake in shares of Netflix during the first quarter valued at about $272,000. Wealthcare Advisory Partners LLC boosted its holdings in shares of Netflix by 11.4% in the first quarter. Wealthcare Advisory Partners LLC now owns 2,148 shares of the Internet television network’s stock valued at $2,003,000 after acquiring an additional 220 shares in the last quarter. Finally, Trust Co. of Oklahoma acquired a new position in shares of Netflix during the 1st quarter valued at $262,000. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Netflix Stock Performance

Shares of NASDAQ:NFLX opened at $1,224.46 on Tuesday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. The firm has a market cap of $521.09 billion, a PE ratio of 61.75, a price-to-earnings-growth ratio of 2.12 and a beta of 1.59. Netflix, Inc. has a twelve month low of $587.04 and a twelve month high of $1,262.81. The business has a fifty day moving average of $1,093.58 and a 200-day moving average of $991.46.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.74 by $0.87. The business had revenue of $10.54 billion for the quarter, compared to analysts’ expectations of $10.51 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. During the same quarter last year, the business earned $8.28 earnings per share. On average, equities research analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently weighed in on NFLX. UBS Group raised their target price on shares of Netflix from $1,150.00 to $1,450.00 and gave the stock a “buy” rating in a report on Wednesday, June 4th. Jefferies Financial Group boosted their target price on shares of Netflix from $1,200.00 to $1,400.00 and gave the stock a “buy” rating in a research report on Tuesday, June 3rd. Benchmark restated a “hold” rating on shares of Netflix in a report on Monday, April 21st. Evercore ISI reiterated an “outperform” rating on shares of Netflix in a research note on Thursday, May 15th. Finally, Wedbush reissued an “outperform” rating and issued a $1,200.00 price target on shares of Netflix in a report on Monday, May 5th. Eleven analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,149.91.

Insider Transactions at Netflix

In other news, Director Bradford L. Smith sold 3,919 shares of the company’s stock in a transaction dated 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 transaction, the director now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ann Mather sold 1,090 shares of Netflix stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $1,250.00, for a total transaction of $1,362,500.00. The disclosure for this sale can be found here. Insiders have sold 185,140 shares of company stock worth $210,271,552 in the last three months. Insiders own 1.37% 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.