Thrive Wealth Management LLC Has $310,000 Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Thrive Wealth Management LLC raised its stake in Netflix, Inc. (NASDAQ:NFLX) by 9.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 705 shares of the Internet television network’s stock after acquiring an additional 58 shares during the period. Thrive Wealth Management LLC’s holdings in Netflix were worth $310,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. raised its holdings in Netflix by 3.4% in the 1st quarter. BlackRock Inc. now owns 28,671,174 shares of the Internet television network’s stock valued at $9,905,317,000 after acquiring an additional 938,849 shares in the last quarter. FMR LLC raised its holdings in shares of Netflix by 0.4% during the 1st quarter. FMR LLC now owns 23,564,250 shares of the Internet television network’s stock worth $8,140,977,000 after buying an additional 92,075 shares in the last quarter. State Street Corp raised its holdings in shares of Netflix by 0.4% during the 1st quarter. State Street Corp now owns 16,195,490 shares of the Internet television network’s stock worth $5,595,196,000 after buying an additional 62,507 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Netflix by 16.1% during the 4th 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 buying an additional 1,839,366 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Netflix by 1.9% during the 1st quarter. Geode Capital Management LLC now owns 8,207,971 shares of the Internet television network’s stock worth $2,828,545,000 after buying an additional 149,714 shares in the last quarter. 79.95% of the stock is owned by institutional investors and hedge funds.

Netflix Stock Down 0.6 %

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

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data 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. The firm had revenue of $8.19 billion during the quarter, compared to the consensus estimate of $8.29 billion. Netflix had a return on equity of 19.76% and a net margin of 13.22%. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the business posted $3.20 earnings per share. As a group, research analysts forecast that Netflix, Inc. will post 11.92 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently commented on NFLX. JPMorgan Chase & Co. boosted their price target on Netflix from $495.00 to $505.00 and gave the stock an “overweight” rating in a report on Thursday, July 20th. Guggenheim reissued a “buy” rating and set a $500.00 price target on shares of Netflix in a report on Thursday, July 20th. Wedbush boosted their price target on Netflix from $475.00 to $525.00 and gave the stock an “outperform” rating in a report on Thursday, July 20th. Oppenheimer reissued an “outperform” rating and set a $515.00 price target on shares of Netflix in a report on Wednesday, August 23rd. Finally, Bank of America upped their target price 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 issued a hold rating and twenty-four have issued a buy rating to the company. According to data from MarketBeat, Netflix has a consensus rating of “Moderate Buy” and an average target price of $431.44.

Insider Transactions at Netflix

In other news, Director Richard N. Barton sold 500 shares of the stock in a transaction that occurred on Monday, July 10th. The stock was 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 of the company’s stock, valued at $37,712.72. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director Richard N. Barton sold 500 shares of the stock in a transaction that occurred on Monday, July 10th. The stock was 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 of the company’s stock, valued at $37,712.72. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Timothy M. Haley sold 1,022 shares of the stock in a transaction that occurred on Wednesday, July 5th. The shares were sold at an average price of $450.19, for a total value of $460,094.18. The disclosure for this sale can be found here. Insiders sold a total of 125,377 shares of company stock valued at $54,547,674 over the last ninety days. 2.45% of the stock is currently owned by insiders.

About Netflix

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.