Rockline Wealth Management LLC Increases Position in Netflix, Inc. (NASDAQ:NFLX)

Rockline Wealth Management LLC lifted its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 5.0% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 4,037 shares of the Internet television network’s stock after buying an additional 193 shares during the period. Rockline Wealth Management LLC’s holdings in Netflix were worth $3,764,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Congress Park Capital LLC increased its position in Netflix by 12.0% during the first quarter. Congress Park Capital LLC now owns 1,452 shares of the Internet television network’s stock worth $1,354,000 after purchasing an additional 156 shares during the last quarter. Private Wealth Partners LLC increased its position in Netflix by 1.4% during the first quarter. Private Wealth Partners LLC now owns 911 shares of the Internet television network’s stock worth $850,000 after purchasing an additional 13 shares during the last quarter. Segment Wealth Management LLC increased its position in Netflix by 15.6% during the first quarter. Segment Wealth Management LLC now owns 1,315 shares of the Internet television network’s stock worth $1,226,000 after purchasing an additional 177 shares during the last quarter. L.M. Kohn & Company increased its position in Netflix by 34.9% during the first quarter. L.M. Kohn & Company now owns 735 shares of the Internet television network’s stock worth $685,000 after purchasing an additional 190 shares during the last quarter. Finally, Spirit of America Management Corp NY increased its position in Netflix by 30.4% during the first quarter. Spirit of America Management Corp NY now owns 1,500 shares of the Internet television network’s stock worth $1,399,000 after purchasing an additional 350 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Trading Up 0.8%

NASDAQ NFLX opened at $1,231.49 on Friday. Netflix, Inc. has a 12 month low of $587.04 and a 12 month high of $1,262.81. 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 company has a market capitalization of $524.09 billion, a price-to-earnings ratio of 58.20, a price-to-earnings-growth ratio of 2.36 and a beta of 1.59. The company’s fifty day moving average price is $1,150.80 and its two-hundred day moving average price is $1,010.84.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, beating analysts’ consensus estimates of $5.74 by $0.87. Netflix had a net margin of 23.07% and a return on equity of 39.61%. The firm had revenue of $10.54 billion for the quarter, compared to the consensus estimate of $10.51 billion. During the same period in the prior year, the firm posted $8.28 EPS. As a group, research analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Transactions at Netflix

In other news, Director Ann Mather sold 1,090 shares of the firm’s stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $1,250.00, for a total value of $1,362,500.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Spencer Adam Neumann sold 2,601 shares of the firm’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $921.72, for a total transaction of $2,397,393.72. Following the completion of the transaction, the chief financial officer now owns 3,691 shares in the company, valued at approximately $3,402,068.52. The trade was a 41.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 185,140 shares of company stock worth $210,271,552. 1.37% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

NFLX has been the subject of several research analyst reports. Barclays upped their price target on shares of Netflix from $900.00 to $1,000.00 and gave the stock an “equal weight” rating in a research report on Monday, April 21st. Piper Sandler set a $1,150.00 price objective on shares of Netflix and gave the stock an “overweight” rating in a research report on Monday, April 21st. Benchmark reissued a “hold” rating on shares of Netflix in a research report on Monday, April 21st. Morgan Stanley increased their price objective on shares of Netflix from $1,150.00 to $1,200.00 and gave the stock an “overweight” rating in a research report on Monday, April 21st. Finally, Jefferies Financial Group increased their price objective on shares of Netflix from $1,200.00 to $1,400.00 and gave the stock a “buy” rating in a research report on Tuesday, June 3rd. Eleven research 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, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,172.73.

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.