Madison Wealth Partners Inc Makes New $1.19 Million Investment in Netflix, Inc. $NFLX

Madison Wealth Partners Inc bought a new position in shares of Netflix, Inc. (NASDAQ:NFLX) during the second quarter, according to its most recent filing with the SEC. The fund bought 888 shares of the Internet television network’s stock, valued at approximately $1,189,000.

A number of other hedge funds also recently made changes to their positions in the business. Brighton Jones LLC raised its stake in Netflix by 5.0% in the 4th quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network’s stock valued at $4,804,000 after acquiring an additional 257 shares during the period. Revolve Wealth Partners LLC raised its stake in Netflix by 16.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network’s stock valued at $912,000 after acquiring an additional 144 shares during the period. GAMMA Investing LLC raised its stake in Netflix by 17.6% in the 1st quarter. GAMMA Investing LLC now owns 9,475 shares of the Internet television network’s stock valued at $8,836,000 after acquiring an additional 1,415 shares during the period. Lighthouse Wealth Management Inc. raised its stake in Netflix by 11.8% in the 1st quarter. Lighthouse Wealth Management Inc. now owns 494 shares of the Internet television network’s stock valued at $461,000 after acquiring an additional 52 shares during the period. Finally, Inlight Wealth Management LLC bought a new stake in Netflix in the 1st quarter valued at about $46,000. 80.93% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on NFLX. Barclays reaffirmed a “sell” rating and set a $1,100.00 target price (up previously from $1,000.00) on shares of Netflix in a report on Wednesday, July 9th. The Goldman Sachs Group reduced their target price on Netflix from $1,310.00 to $1,300.00 and set a “neutral” rating for the company in a report on Tuesday, September 30th. Phillip Securities lowered Netflix from a “hold” rating to a “strong sell” rating in a report on Monday, July 21st. Wells Fargo & Company lifted their target price on Netflix from $1,500.00 to $1,560.00 and gave the company an “overweight” rating in a report on Friday, July 18th. Finally, Wall Street Zen lowered Netflix from a “buy” rating to a “hold” rating in a report on Saturday, October 4th. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,339.81.

Netflix Stock Up 1.3%

Shares of NASDAQ NFLX opened at $1,199.36 on Monday. Netflix, Inc. has a 12 month low of $736.23 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 firm has a market capitalization of $509.64 billion, a price-to-earnings ratio of 51.10, a PEG ratio of 2.02 and a beta of 1.59. The business has a 50-day moving average of $1,213.47 and a 200-day moving average of $1,179.41.

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 company had revenue of $11.08 billion during the quarter, compared to analyst estimates of $11.04 billion. During the same quarter in the previous year, the firm earned $4.88 earnings per share. Netflix’s revenue was up 15.9% on a year-over-year basis. Sell-side analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Netflix news, CEO Theodore A. Sarandos sold 2,026 shares of the company’s stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $1,160.62, for a total value of $2,351,416.12. Following the completion of the sale, the chief executive officer owned 15,168 shares of the company’s stock, valued at $17,604,284.16. This represents a 11.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gregory K. Peters sold 2,026 shares of the company’s stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $1,157.44, for a total value of $2,344,973.44. Following the completion of the sale, the chief executive officer directly owned 12,781 shares of the company’s stock, valued at approximately $14,793,240.64. This represents a 13.68% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 104,100 shares of company stock valued at $122,710,980 over the last 90 days. Company 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.