Consilio Wealth Advisors LLC Purchases 19 Shares of Netflix, Inc. $NFLX

Consilio Wealth Advisors LLC raised its position in Netflix, Inc. (NASDAQ:NFLX) by 3.6% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 541 shares of the Internet television network’s stock after buying an additional 19 shares during the period. Consilio Wealth Advisors LLC’s holdings in Netflix were worth $716,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Stephens Consulting LLC boosted its position in Netflix by 150.0% in the 2nd quarter. Stephens Consulting LLC now owns 25 shares of the Internet television network’s stock valued at $33,000 after buying an additional 15 shares during the last quarter. Flaharty Asset Management LLC bought a new position in Netflix in the 1st quarter valued at $37,000. Maseco LLP bought a new position in Netflix in the 2nd quarter valued at $39,000. Barnes Dennig Private Wealth Management LLC bought a new position in Netflix in the 1st quarter valued at $42,000. Finally, 1248 Management LLC bought a new position in shares of Netflix in the 1st quarter worth $43,000. 80.93% of the stock is currently owned by institutional investors.

Insider Transactions at Netflix

In other Netflix news, Director Reed Hastings sold 42,176 shares of Netflix stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $1,171.92, for a total value of $49,426,897.92. Following the sale, the director owned 394 shares of the company’s stock, valued at $461,736.48. This trade represents a 99.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Cletus R. Willems sold 238 shares of Netflix stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $1,153.52, for a total value of $274,537.76. The disclosure for this sale can be found here. Over the last three months, insiders have sold 104,100 shares of company stock worth $122,710,980. 1.37% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

NFLX has been the topic of several recent research reports. BMO Capital Markets restated an “outperform” rating and issued a $1,425.00 price target (up from $1,200.00) on shares of Netflix in a research report on Tuesday, July 15th. Cowen restated a “buy” rating on shares of Netflix in a research report on Tuesday, October 7th. Morgan Stanley set a $1,500.00 price target on Netflix in a research report on Monday. Piper Sandler raised their price target on Netflix from $1,400.00 to $1,500.00 and gave the stock an “overweight” rating in a research report on Friday, July 18th. Finally, Pivotal Research restated a “buy” rating on shares of Netflix in a research report on Thursday, July 10th. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,339.81.

Netflix Stock Performance

Shares of Netflix stock opened at $1,183.59 on Friday. The company has a market capitalization of $502.94 billion, a PE ratio of 50.43, a PEG ratio of 2.02 and a beta of 1.59. Netflix, Inc. has a 12 month low of $677.88 and a 12 month high of $1,341.15. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58. The stock’s fifty day simple moving average is $1,213.72 and its 200 day simple moving average is $1,174.05.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, topping the consensus estimate of $7.07 by $0.12. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The business had revenue of $11.08 billion for the quarter, compared to the consensus estimate of $11.04 billion. During the same quarter last year, the business posted $4.88 EPS. The firm’s revenue was up 15.9% compared to the same quarter last year. On average, research analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.

About Netflix

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.