180 Wealth Advisors LLC Has $582,000 Holdings in Netflix, Inc. (NASDAQ:NFLX)

180 Wealth Advisors LLC lessened its stake in Netflix, Inc. (NASDAQ:NFLX) by 13.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,318 shares of the Internet television network’s stock after selling 205 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Netflix were worth $582,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. raised its stake in Netflix by 3.4% during the first quarter. BlackRock Inc. now owns 28,671,174 shares of the Internet television network’s stock worth $9,905,317,000 after acquiring an additional 938,849 shares in the last quarter. FMR LLC raised its stake in Netflix by 0.4% during the first quarter. FMR LLC now owns 23,564,250 shares of the Internet television network’s stock worth $8,140,977,000 after acquiring an additional 92,075 shares in the last quarter. State Street Corp raised its stake in Netflix by 0.4% during the first quarter. State Street Corp now owns 16,195,490 shares of the Internet television network’s stock worth $5,595,196,000 after acquiring an additional 62,507 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in Netflix by 16.1% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,244,508 shares of the Internet television network’s stock worth $3,905,540,000 after acquiring an additional 1,839,366 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in Netflix by 1.9% during the first quarter. Geode Capital Management LLC now owns 8,207,971 shares of the Internet television network’s stock worth $2,828,545,000 after acquiring an additional 149,714 shares in the last quarter. Institutional investors and hedge funds own 79.95% of the company’s stock.

Analyst Upgrades and Downgrades

NFLX has been the topic of several research reports. Robert W. Baird upgraded Netflix from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $340.00 to $500.00 in a report on Monday, July 24th. Pivotal Research boosted their price target on Netflix from $535.00 to $600.00 in a report on Thursday, July 20th. Jefferies Financial Group boosted their price target on Netflix from $440.00 to $520.00 in a report on Tuesday, July 18th. Barclays boosted their price target on Netflix from $250.00 to $375.00 in a report on Wednesday, June 14th. Finally, Bank of America boosted their price target on Netflix from $490.00 to $525.00 and gave the stock a “buy” rating in a report on Thursday, July 20th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and twenty-four have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $431.44.

Netflix Stock Down 0.6 %

Shares of NASDAQ NFLX opened at $394.40 on Tuesday. Netflix, Inc. has a 52 week low of $211.73 and a 52 week high of $485.00. The business has a 50-day simple moving average of $430.91 and a two-hundred day simple moving average of $384.60. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.62. The company has a market cap of $174.78 billion, a P/E ratio of 42.00, a P/E/G ratio of 1.32 and a beta of 1.29.

Netflix (NASDAQ:NFLX) last issued its earnings results on Wednesday, July 19th. The Internet television network reported $3.29 EPS for the quarter, topping the consensus estimate of $2.85 by $0.44. Netflix had a return on equity of 19.76% and a net margin of 13.22%. The business had revenue of $8.19 billion during the quarter, compared to the consensus estimate of $8.29 billion. During the same quarter last year, the company earned $3.20 EPS. The firm’s revenue was up 2.7% compared to the same quarter last year. Research analysts anticipate that Netflix, Inc. will post 11.92 earnings per share for the current fiscal year.

Insider Buying and Selling at Netflix

In other Netflix news, Director Timothy M. Haley sold 1,022 shares of the firm’s stock in a transaction dated Wednesday, July 5th. The stock was sold at an average price of $450.19, for a total value of $460,094.18. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Netflix news, Director Timothy M. Haley sold 1,022 shares of the firm’s stock in a transaction dated Wednesday, July 5th. The stock was sold at an average price of $450.19, for a total value of $460,094.18. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Richard N. Barton sold 500 shares of the firm’s stock in a transaction dated Monday, July 10th. The shares were sold at an average price of $438.52, for a total value of $219,260.00. Following the completion of the sale, the director now directly owns 86 shares in the company, valued at approximately $37,712.72. The disclosure for this sale can be found here. Insiders have sold a total of 125,377 shares of company stock valued at $54,547,674 in the last 90 days. Corporate insiders own 2.45% of the company’s stock.

Netflix Company Profile

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and mobile games across various genres and languages. The company provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, television set-top boxes, and mobile devices.