Total Wealth Planning & Management Inc. Has $206,000 Stake in Netflix, Inc. (NASDAQ:NFLX)

Total Wealth Planning & Management Inc. lowered its position in Netflix, Inc. (NASDAQ:NFLX) by 11.2% in the first quarter, HoldingsChannel.com reports. The fund owned 221 shares of the Internet television network’s stock after selling 28 shares during the quarter. Total Wealth Planning & Management Inc.’s holdings in Netflix were worth $206,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Halbert Hargrove Global Advisors LLC raised its position in Netflix by 100.0% in the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network’s stock valued at $25,000 after purchasing an additional 13 shares during the last quarter. Brown Shipley& Co Ltd bought a new position in shares of Netflix in the fourth quarter valued at about $27,000. Transce3nd LLC acquired a new position in Netflix during the 4th quarter worth about $32,000. Copia Wealth Management bought a new stake in Netflix during the 4th quarter worth about $37,000. Finally, Stuart Chaussee & Associates Inc. increased its position in Netflix by 4,500.0% in the 4th quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network’s stock valued at $41,000 after acquiring an additional 45 shares in the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Loop Capital reiterated a “hold” rating on shares of Netflix in a research report on Monday, March 24th. Needham & Company LLC reaffirmed a “buy” rating and set a $1,126.00 price objective on shares of Netflix in a report on Thursday, April 17th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $1,220.00 price objective (up from $1,150.00) on shares of Netflix in a research report on Monday, May 19th. Bank of America lifted their target price on Netflix from $1,175.00 to $1,490.00 and gave the company a “buy” rating in a research note on Friday, May 30th. Finally, Rosenblatt Securities upped their price target on Netflix from $1,494.00 to $1,514.00 and gave the company a “buy” rating in a research note on Monday, April 21st. Eleven analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Netflix currently has an average rating of “Moderate Buy” and an average target price of $1,172.73.

Insider Transactions at Netflix

In other Netflix news, Director Jay C. Hoag sold 31,750 shares of the firm’s stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $1,252.35, for a total value of $39,762,112.50. Following the completion of the transaction, the director now directly owns 63,040 shares in the company, valued at $78,948,144. This trade represents a 33.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Jeffrey William Karbowski sold 160 shares of the company’s stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $1,000.00, for a total value of $160,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 185,280 shares of company stock valued at $210,599,866 over the last 90 days. 1.37% of the stock is owned by corporate insiders.

Netflix Stock Performance

Shares of Netflix stock opened at $1,306.67 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.20 and a quick ratio of 1.20. The firm has a market cap of $556.08 billion, a price-to-earnings ratio of 61.75, a price-to-earnings-growth ratio of 2.47 and a beta of 1.59. The stock’s 50-day moving average is $1,176.24 and its 200-day moving average is $1,020.75. Netflix, Inc. has a one year low of $587.04 and a one year high of $1,310.25.

Netflix (NASDAQ:NFLX) last announced its earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) 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 business had revenue of $10.54 billion for the quarter, compared to analyst estimates of $10.51 billion. During the same quarter last year, the firm earned $8.28 EPS. Equities analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

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.