Netflix, Inc. (NASDAQ:NFLX) Shares Bought by Red Door Wealth Management LLC

by · The Cerbat Gem

Red Door Wealth Management LLC boosted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX – Free Report) by 1.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,711 shares of the Internet television network’s stock after purchasing an additional 37 shares during the period. Red Door Wealth Management LLC’s holdings in Netflix were worth $2,528,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Halbert Hargrove Global Advisors LLC boosted its stake in shares of Netflix by 100.0% during the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network’s stock worth $25,000 after acquiring an additional 13 shares in the last quarter. Brown Shipley& Co Ltd purchased a new stake in shares of Netflix during the fourth quarter valued at $27,000. Transce3nd LLC acquired a new position in shares of Netflix in the 4th quarter valued at $32,000. Copia Wealth Management purchased a new position in Netflix in the 4th quarter worth about $37,000. Finally, Stuart Chaussee & Associates Inc. raised its holdings in Netflix by 4,500.0% during the 4th quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network’s stock worth $41,000 after buying an additional 45 shares during the period. 80.93% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have commented on NFLX shares. Robert W. Baird raised their target price on shares of Netflix from $1,200.00 to $1,300.00 and gave the stock an “outperform” rating in a report on Friday, May 16th. Guggenheim restated a “buy” rating and issued a $1,150.00 target price (up previously from $1,100.00) on shares of Netflix in a report on Friday, April 18th. Phillip Securities raised shares of Netflix from a “moderate sell” rating to a “hold” rating in a research report on Monday, April 21st. BMO Capital Markets restated an “outperform” rating and set a $1,200.00 price target (up from $1,175.00) on shares of Netflix in a report on Friday, April 18th. Finally, Bank of America upped their price objective on shares of Netflix from $1,175.00 to $1,490.00 and gave the company a “buy” rating in a research note on Friday, May 30th. Eleven investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $1,172.73.

View Our Latest Stock Analysis on NFLX

Insider Transactions at Netflix

In other news, insider Cletus R. Willems sold 298 shares of the stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $1,138.00, for a total value of $339,124.00. Following the completion of the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at approximately $35,972,180. This represents a 0.93% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Jeffrey William Karbowski sold 620 shares of the company’s stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $1,286.84, for a total value of $797,840.80. The disclosure for this sale can be found here. In the last three months, insiders sold 185,280 shares of company stock valued at $210,599,866. Company insiders own 1.37% of the company’s stock.

Netflix Stock Up 1.3%

NASDAQ NFLX opened at $1,323.12 on Monday. Netflix, Inc. has a twelve month low of $587.04 and a twelve month high of $1,331.35. The stock has a market cap of $563.08 billion, a PE ratio of 62.53, a PEG ratio of 2.56 and a beta of 1.59. The firm has a 50-day simple moving average of $1,183.25 and a 200 day simple moving average of $1,024.87. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.20 and a current ratio of 1.20.

Netflix (NASDAQ:NFLX – Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.74 by $0.87. Netflix had a return on equity of 39.61% and a net margin of 23.07%. The business had revenue of $10.54 billion for the quarter, compared to analysts’ expectations of $10.51 billion. During the same period in the previous year, the business posted $8.28 earnings per share. On average, research analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.

Netflix Company Profile

(Free Report)

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.

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