Independent Solutions Wealth Management LLC Has $1.51 Million Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Independent Solutions Wealth Management LLC boosted its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 10.8% during the 3rd quarter, HoldingsChannel reports. The firm owned 2,131 shares of the Internet television network’s stock after buying an additional 208 shares during the quarter. Independent Solutions Wealth Management LLC’s holdings in Netflix were worth $1,512,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. International Assets Investment Management LLC lifted its holdings in shares of Netflix by 116,620.0% during the 3rd quarter. International Assets Investment Management LLC now owns 5,753,129 shares of the Internet television network’s stock valued at $4,080,522,000 after buying an additional 5,748,200 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Netflix by 154.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,058,431 shares of the Internet television network’s stock valued at $750,713,000 after acquiring an additional 642,920 shares during the last quarter. State Street Corp raised its stake in shares of Netflix by 2.6% in the 3rd quarter. State Street Corp now owns 16,951,347 shares of the Internet television network’s stock valued at $12,023,082,000 after acquiring an additional 426,740 shares in the last quarter. Jennison Associates LLC raised its position in shares of Netflix by 4.7% in the third quarter. Jennison Associates LLC now owns 6,990,874 shares of the Internet television network’s stock valued at $4,958,417,000 after purchasing an additional 316,594 shares during the period. Finally, Westfield Capital Management Co. LP acquired a new stake in shares of Netflix in the third quarter worth $222,871,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Price Performance

NFLX traded up $18.34 on Thursday, hitting $907.89. 1,659,012 shares of the stock were exchanged, compared to its average volume of 3,604,022. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13. Netflix, Inc. has a 12 month low of $461.86 and a 12 month high of $941.75. The firm has a market capitalization of $388.09 billion, a price-to-earnings ratio of 51.38, a PEG ratio of 1.77 and a beta of 1.27. The business has a 50-day moving average of $825.60 and a two-hundred day moving average of $725.33.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 earnings per share for the quarter, topping the consensus estimate of $5.09 by $0.31. The business had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.77 billion. Netflix had a return on equity of 35.86% and a net margin of 20.70%. Sell-side analysts forecast that Netflix, Inc. will post 19.78 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Benchmark reiterated a “sell” rating and set a $545.00 price target on shares of Netflix in a report on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Netflix from $590.00 to $650.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Loop Capital lowered Netflix from a “buy” rating to a “hold” rating and increased their price objective for the company from $800.00 to $950.00 in a research report on Monday. Bank of America lifted their target price on Netflix from $800.00 to $1,000.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Finally, Wolfe Research reaffirmed an “outperform” rating on shares of Netflix in a research note on Friday, October 18th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twenty-three have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $807.70.

Insider Activity

In related news, Chairman Reed Hastings sold 48,363 shares of Netflix stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $896.60, for a total transaction of $43,362,265.80. Following the sale, the chairman now directly owns 114 shares in the company, valued at $102,212.40. This trade represents a 99.76 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Timothy M. Haley sold 11,090 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $757.96, for a total transaction of $8,405,776.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 164,977 shares of company stock worth $129,317,467. Corporate insiders own 1.76% of the company’s stock.

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.