249 Shares in Netflix, Inc. (NASDAQ:NFLX) Bought by ARQ Wealth Advisors LLC

ARQ Wealth Advisors LLC bought a new position in shares of Netflix, Inc. (NASDAQ:NFLX) in the 1st quarter, HoldingsChannel reports. The institutional investor bought 249 shares of the Internet television network’s stock, valued at approximately $232,000.

Several other institutional investors have also recently made changes to their positions in the business. Brighton Jones LLC grew its position in shares of Netflix by 5.0% in the fourth quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network’s stock valued at $4,804,000 after purchasing an additional 257 shares during the period. Revolve Wealth Partners LLC grew its position in shares of Netflix by 16.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network’s stock valued at $912,000 after purchasing an additional 144 shares during the period. BIP Wealth LLC grew its position in shares of Netflix by 23.8% in the fourth quarter. BIP Wealth LLC now owns 453 shares of the Internet television network’s stock valued at $403,000 after purchasing an additional 87 shares during the period. Northwest & Ethical Investments L.P. acquired a new stake in shares of Netflix in the fourth quarter valued at about $4,674,000. Finally, Whittier Trust Co. grew its position in shares of Netflix by 1.1% in the fourth quarter. Whittier Trust Co. now owns 4,047 shares of the Internet television network’s stock valued at $3,607,000 after purchasing an additional 45 shares during the period. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Insider Activity

In other Netflix news, Director Bradford L. Smith sold 3,919 shares of the business’s stock in a transaction on Monday, May 12th. The shares were sold at an average price of $1,124.26, for a total transaction of $4,405,974.94. Following the completion of the sale, the director owned 7,969 shares in the company, valued at $8,959,227.94. The trade was a 32.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jay C. Hoag sold 32,515 shares of the company’s stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $1,101.97, for a total transaction of $35,830,554.55. Following the transaction, the director owned 79,040 shares of the company’s stock, valued at $87,099,708.80. This represents a 29.15% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 186,723 shares of company stock valued at $223,307,201. 1.37% of the stock is currently owned by company insiders.

Netflix Stock Performance

NASDAQ:NFLX opened at $1,209.24 on Friday. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.58. The firm has a 50-day moving average price of $1,232.59 and a two-hundred day moving average price of $1,060.77. Netflix, Inc. has a twelve month low of $587.04 and a twelve month high of $1,341.15. The company has a market capitalization of $514.62 billion, a P/E ratio of 51.52, a price-to-earnings-growth ratio of 2.30 and a beta of 1.59.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results 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 43.00%. The business had revenue of $11.08 billion during the quarter, compared to the consensus estimate of $11.04 billion. During the same period in the previous year, the firm posted $4.88 earnings per share. The company’s quarterly revenue was up 15.9% compared to the same quarter last year. As a group, research analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

NFLX has been the topic of a number of recent research reports. Rosenblatt Securities boosted their price target on shares of Netflix from $1,514.00 to $1,515.00 and gave the stock a “buy” rating in a research report on Friday. Benchmark restated a “hold” rating on shares of Netflix in a research report on Monday, April 21st. Seaport Res Ptn lowered shares of Netflix from a “strong-buy” rating to a “hold” rating in a research report on Sunday, July 6th. Morgan Stanley boosted their price target on shares of Netflix from $1,450.00 to $1,500.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, TD Cowen boosted their target price on shares of Netflix from $1,440.00 to $1,450.00 and gave the company a “buy” rating in a report on Friday. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Netflix currently has an average rating of “Moderate Buy” and an average target price of $1,275.30.

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.