Eagle Bluffs Wealth Management LLC Has $3.88 Million Stake in Netflix, Inc. (NASDAQ:NFLX)

Eagle Bluffs Wealth Management LLC trimmed its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 0.9% during the first quarter, Holdings Channel.com reports. The firm owned 4,158 shares of the Internet television network’s stock after selling 39 shares during the period. Netflix accounts for approximately 2.0% of Eagle Bluffs Wealth Management LLC’s holdings, making the stock its 11th largest position. Eagle Bluffs Wealth Management LLC’s holdings in Netflix were worth $3,877,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of NFLX. Halbert Hargrove Global Advisors LLC lifted its position in shares of Netflix by 100.0% during the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network’s stock worth $25,000 after purchasing an additional 13 shares in the last quarter. Brown Shipley& Co Ltd acquired a new position in shares of Netflix during the fourth quarter worth approximately $27,000. Transce3nd LLC acquired a new position in shares of Netflix during the fourth quarter worth approximately $32,000. Copia Wealth Management acquired a new position in shares of Netflix during the fourth quarter worth approximately $37,000. Finally, Stuart Chaussee & Associates Inc. lifted its holdings in Netflix by 4,500.0% in the fourth quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network’s stock valued at $41,000 after buying an additional 45 shares during the period. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently weighed in on NFLX. TD Cowen increased their price objective on shares of Netflix from $1,440.00 to $1,450.00 and gave the company a “buy” rating in a report on Friday, July 18th. Morgan Stanley restated an “equal weight” rating on shares of Netflix in a report on Monday, July 21st. Wells Fargo & Company increased their price objective on shares of Netflix from $1,500.00 to $1,560.00 and gave the company an “overweight” rating in a report on Friday, July 18th. Loop Capital restated a “hold” rating on shares of Netflix in a report on Tuesday, July 15th. Finally, Pivotal Research restated a “buy” rating on shares of Netflix in a report on Thursday, July 10th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Netflix presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,297.66.

Insider Transactions at Netflix

In other Netflix news, Director Ann Mather sold 1,090 shares of Netflix stock in a transaction on 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Jeffrey William Karbowski sold 620 shares of Netflix stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $1,286.84, for a total transaction of $797,840.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 185,923 shares of company stock worth $222,445,095. 1.37% of the stock is owned by insiders.

Netflix Trading Down 0.0%

Shares of NASDAQ:NFLX opened at $1,180.49 on Monday. Netflix, Inc. has a 12 month low of $587.04 and a 12 month high of $1,341.15. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58. The company’s fifty day simple moving average is $1,236.44 and its 200 day simple moving average is $1,074.14. The firm has a market cap of $501.63 billion, a price-to-earnings ratio of 50.30, a PEG ratio of 1.99 and a beta of 1.59.

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 analysts’ consensus estimates of $7.07 by $0.12. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The business had revenue of $11.08 billion for the quarter, compared to analyst estimates of $11.04 billion. During the same period last year, the business posted $4.88 earnings per share. The firm’s quarterly revenue was up 15.9% on a year-over-year basis. As a group, research analysts forecast that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

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.