Focus Financial Network Inc. ADV Purchases New Shares in Netflix, Inc. (NASDAQ:NFLX)


Focus Financial Network Inc. ADV acquired a new position in Netflix, Inc. (NASDAQ:NFLX – Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 7,600 shares of the Internet television network’s stock, valued at approximately $3,700,000.

Other institutional investors have also added to or reduced their stakes in the company. Spartan Planning & Wealth Management purchased a new position in Netflix during the 3rd quarter valued at about $26,000. Blue Bell Private Wealth Management LLC increased its stake in shares of Netflix by 89.7% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 74 shares of the Internet television network’s stock valued at $36,000 after purchasing an additional 35 shares in the last quarter. Pacifica Partners Inc. purchased a new position in shares of Netflix during the fourth quarter valued at approximately $41,000. Bear Mountain Capital Inc. bought a new stake in shares of Netflix in the 4th quarter worth approximately $45,000. Finally, Sachetta LLC purchased a new stake in shares of Netflix in the 4th quarter worth approximately $46,000. Institutional investors own 80.93% of the company’s stock.

Netflix Price Performance

Shares of NASDAQ NFLX traded up $14.33 during midday trading on Wednesday, reaching $663.33. The stock had a trading volume of 1,749,535 shares, compared to its average volume of 4,196,330. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.07 and a current ratio of 1.07. The stock has a 50-day moving average of $608.73 and a 200-day moving average of $553.43. The company has a market capitalization of $285.90 billion, a price-to-earnings ratio of 45.94, a price-to-earnings-growth ratio of 1.40 and a beta of 1.23. Netflix, Inc. has a 12-month low of $344.73 and a 12-month high of $664.12.

Netflix (NASDAQ:NFLX – Get Free Report) last released its quarterly earnings results on Thursday, April 18th. The Internet television network reported $5.28 EPS for the quarter, topping analysts’ consensus estimates of $4.51 by $0.77. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The firm had revenue of $9.37 billion during the quarter, compared to analysts’ expectations of $9.28 billion. During the same period in the previous year, the company earned $2.88 EPS. The firm’s revenue for the quarter was up 14.8% compared to the same quarter last year. As a group, research analysts anticipate that Netflix, Inc. will post 18.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have commented on NFLX. StockNews.com raised Netflix from a “hold” rating to a “buy” rating in a report on Monday, February 26th. Seaport Res Ptn cut shares of Netflix from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 30th. KeyCorp raised their price objective on shares of Netflix from $580.00 to $705.00 and gave the company an “overweight” rating in a research note on Wednesday, March 20th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $655.00 target price on shares of Netflix in a report on Wednesday, May 15th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Netflix from $525.00 to $550.00 and gave the company a “hold” rating in a report on Monday, April 15th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-three have given a buy rating to the stock. According to MarketBeat, Netflix has an average rating of “Moderate Buy” and an average target price of $632.00.

Read Our Latest Research Report on NFLX

Insider Activity

In other news, CEO Gregory K. Peters sold 5,352 shares of the business’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $625.00, for a total transaction of $3,345,000.00. Following the completion of the sale, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at $8,181,250. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Gregory K. Peters sold 5,352 shares of the stock in a transaction on Monday, March 18th. The stock was sold at an average price of $625.00, for a total transaction of $3,345,000.00. Following the transaction, the chief executive officer now owns 13,090 shares of the company’s stock, valued at approximately $8,181,250. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Spencer Adam Neumann sold 564 shares of the company’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $613.08, for a total transaction of $345,777.12. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 68,545 shares of company stock valued at $40,704,683. 1.76% of the stock is currently owned by insiders.

Netflix Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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