Asset One Wealth Management LLC Purchases 24,482 Shares of Netflix, Inc. $NFLX

Asset One Wealth Management LLC grew its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 50.4% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 73,059 shares of the Internet television network’s stock after acquiring an additional 24,482 shares during the quarter. Asset One Wealth Management LLC’s holdings in Netflix were worth $5,083,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Financial Avengers Inc. boosted its holdings in shares of Netflix by 9.8% in the 1st quarter. Financial Avengers Inc. now owns 1,290 shares of the Internet television network’s stock worth $124,000 after purchasing an additional 115 shares during the period. UNIVEST FINANCIAL Corp increased its position in shares of Netflix by 0.5% in the 1st quarter. UNIVEST FINANCIAL Corp now owns 27,315 shares of the Internet television network’s stock valued at $2,626,000 after acquiring an additional 128 shares during the period. Granite Bay Wealth Management LLC lifted its holdings in shares of Netflix by 5.8% in the 1st quarter. Granite Bay Wealth Management LLC now owns 2,365 shares of the Internet television network’s stock valued at $227,000 after buying an additional 130 shares during the period. First Growth Capital LLC boosted its stake in shares of Netflix by 1.0% during the 1st quarter. First Growth Capital LLC now owns 13,189 shares of the Internet television network’s stock worth $1,260,000 after acquiring an additional 130 shares in the last quarter. Finally, Conservest Capital Advisors Inc. raised its position in shares of Netflix by 5.7% during the 1st quarter. Conservest Capital Advisors Inc. now owns 2,445 shares of the Internet television network’s stock worth $235,000 after purchasing an additional 131 shares during the last quarter. 80.93% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on NFLX. Oppenheimer reissued an “outperform” rating and set a $80.00 target price (down from $85.00) on shares of Netflix in a research note on Wednesday, October 21st. TD Cowen restated a “buy” rating and issued a $100.00 price target on shares of Netflix in a report on Wednesday, October 21st. BMO Capital Markets reaffirmed an “outperform” rating and issued a $125.00 target price (down from $135.00) on shares of Netflix in a research report on Friday, October 16th. HSBC lowered Netflix from a “buy” rating to a “hold” rating and lowered their price target for the company from $96.00 to $76.00 in a report on Tuesday, September 22nd. Finally, Seaport Research Partners set a $85.00 price target on Netflix in a research note on Wednesday, October 21st. Two analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, seventeen have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $89.14.

Key Headlines Impacting Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix ordered Other Worlds: A Stranger Things Adventure, a live-action prequel series. Extending a popular franchise could support viewer engagement, though the financial impact and timing are not yet clear. Article: Stranger Things prequel series
• Positive Sentiment: A valuation analysis argues NFLX could be undervalued, estimating about 23% upside to fair value. This offers a counterpoint to recent weakness, but is an analyst view rather than a company announcement. Article: Netflix stock fair-value analysis
• Neutral Sentiment: CEO Ted Sarandos and CFO Spencer Neumann disclosed share sales, but the transactions were made to cover tax withholding on vested equity awards. That stated purpose makes them a less clear signal about management’s view of the stock. Article: Netflix insider share sales
• Negative Sentiment: Coverage noted NFLX slipping even with the new Stranger Things plans, suggesting the content announcement has not eased near-term selling pressure. The shares are also near their 52-week low and far below their 52-week high, reflecting a weak recent trend. Article: Netflix stock slips despite new Stranger Things plans

Insider Transactions at Netflix

In other news, CEO Theodore A. Sarandos sold 27,312 shares of the company’s stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $66.20, for a total transaction of $1,808,054.40. Following the completion of the transaction, the chief executive officer directly owned 178,954 shares of the company’s stock, valued at approximately $11,846,754.80. This represents a 13.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Richard N. Barton sold 720 shares of the company’s stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $75.27, for a total value of $54,194.40. Following the completion of the transaction, the director directly owned 2,460 shares in the company, valued at $185,164.20. This represents a 22.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 70,960 shares of company stock valued at $4,752,050 over the last 90 days. Insiders own 1.24% of the company’s stock.

Netflix Stock Performance

Shares of NFLX stock opened at $63.41 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $260.38 billion, a PE ratio of 21.28, a P/E/G ratio of 0.91 and a beta of 1.62. The company has a 50 day moving average price of $71.03 and a 200-day moving average price of $80.97. Netflix, Inc. has a 52 week low of $61.39 and a 52 week high of $116.73.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Tuesday, October 20th. The Internet television network reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.05. Netflix had a return on equity of 42.69% and a net margin of 29.69%. The company had revenue of $12.87 billion during the quarter, compared to analysts’ expectations of $12.87 billion. During the same quarter in the previous year, the business earned $0.59 EPS. Netflix’s revenue was up 11.9% compared to the same quarter last year. As a group, equities research analysts expect that Netflix, Inc. will post 3.59 earnings per share for the current year.

About Netflix

Netflix, Inc is an entertainment company that offers subscription-based streaming of television series, films, documentaries and other programming. Its service also includes mobile games and, in some markets, advertising-supported viewing plans. Netflix produces and licenses content, including titles made under its Netflix brand.

Founded in 1997 by Reed Hastings and Marc Randolph as a DVD-by-mail rental business, the company launched its streaming service in 2007 and later expanded into original programming.