waypoint wealth counsel Purchases 90 Shares of Netflix, Inc. (NASDAQ:NFLX)

waypoint wealth counsel boosted its position in Netflix, Inc. (NASDAQ:NFLX) by 20.9% during the third quarter, HoldingsChannel reports. The fund owned 521 shares of the Internet television network’s stock after buying an additional 90 shares during the quarter. waypoint wealth counsel’s holdings in Netflix were worth $370,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in NFLX. Denver PWM LLC bought a new stake in shares of Netflix in the second quarter valued at approximately $25,000. Valued Wealth Advisors LLC boosted its holdings in Netflix by 80.0% in the 1st quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock worth $27,000 after buying an additional 20 shares during the period. VitalStone Financial LLC grew its stake in Netflix by 933.3% in the 4th quarter. VitalStone Financial LLC now owns 62 shares of the Internet television network’s stock valued at $30,000 after buying an additional 56 shares in the last quarter. Beaird Harris Wealth Management LLC raised its holdings in Netflix by 1,550.0% during the 4th quarter. Beaird Harris Wealth Management LLC now owns 66 shares of the Internet television network’s stock valued at $32,000 after acquiring an additional 62 shares during the period. Finally, Scarborough Advisors LLC purchased a new stake in shares of Netflix during the fourth quarter worth $32,000. 80.93% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Netflix news, insider David A. Hyman sold 20,656 shares of the stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $605.13, for a total transaction of $12,499,565.28. Following the completion of the sale, the insider now owns 31,610 shares of the company’s stock, valued at $19,128,159.30. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Chairman Reed Hastings sold 25,599 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $631.43, for a total transaction of $16,163,976.57. Following the transaction, the chairman now directly owns 57 shares of the company’s stock, valued at approximately $35,991.51. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider David A. Hyman sold 20,656 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $605.13, for a total value of $12,499,565.28. Following the transaction, the insider now owns 31,610 shares of the company’s stock, valued at approximately $19,128,159.30. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 224,784 shares of company stock valued at $150,212,870 over the last three months. 1.76% of the stock is owned by company insiders.

Netflix Trading Up 1.8 %

Shares of NASDAQ:NFLX traded up $12.90 on Friday, reaching $719.70. 2,230,139 shares of the company traded hands, compared to its average volume of 3,674,012. The stock has a market capitalization of $310.19 billion, a P/E ratio of 49.94, a price-to-earnings-growth ratio of 1.44 and a beta of 1.26. The business’s 50-day simple moving average is $676.85 and its 200 day simple moving average is $648.05. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.55. Netflix, Inc. has a 52 week low of $344.73 and a 52 week high of $725.26.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Thursday, July 18th. The Internet television network reported $4.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.74 by $0.14. Netflix had a return on equity of 32.93% and a net margin of 19.54%. The business had revenue of $9.56 billion for the quarter, compared to analyst estimates of $9.53 billion. During the same period last year, the company earned $3.29 EPS. Netflix’s revenue for the quarter was up 16.8% compared to the same quarter last year. As a group, equities analysts anticipate that Netflix, Inc. will post 19.08 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Evercore ISI lifted their price target on Netflix from $710.00 to $750.00 and gave the company an “outperform” rating in a research report on Tuesday, August 27th. Needham & Company LLC reaffirmed a “buy” rating and set a $700.00 target price on shares of Netflix in a report on Friday, July 19th. Jefferies Financial Group increased their price target on shares of Netflix from $655.00 to $780.00 and gave the stock a “buy” rating in a report on Tuesday, July 16th. Rosenblatt Securities restated a “neutral” rating and issued a $635.00 price objective on shares of Netflix in a research report on Friday, September 20th. Finally, Piper Sandler upped their target price on shares of Netflix from $600.00 to $650.00 and gave the stock a “neutral” rating in a report on Friday, July 19th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Netflix has a consensus rating of “Moderate Buy” and a consensus target price of $686.03.

Netflix 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.