Empowered Funds LLC Acquires 945 Shares of Netflix, Inc. (NASDAQ:NFLX)

Empowered Funds LLC grew its holdings in Netflix, Inc. (NASDAQ:NFLX) by 13.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,750 shares of the Internet television network’s stock after purchasing an additional 945 shares during the quarter. Empowered Funds LLC’s holdings in Netflix were worth $4,707,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the business. Valued Wealth Advisors LLC raised its position in shares of Netflix by 80.0% in the 1st quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock valued at $27,000 after acquiring an additional 20 shares during the period. VitalStone Financial LLC raised its position in shares of Netflix by 933.3% in the 4th quarter. VitalStone Financial LLC now owns 62 shares of the Internet television network’s stock valued at $30,000 after acquiring an additional 56 shares during the period. Beaird Harris Wealth Management LLC raised its position in shares of Netflix by 1,550.0% in the 4th quarter. Beaird Harris Wealth Management LLC now owns 66 shares of the Internet television network’s stock valued at $32,000 after acquiring an additional 62 shares during the period. Scarborough Advisors LLC acquired a new stake in shares of Netflix in the 4th quarter valued at approximately $32,000. Finally, Indiana Trust & Investment Management CO raised its position in shares of Netflix by 112.0% in the 1st quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock valued at $32,000 after acquiring an additional 28 shares during the period. Institutional investors own 80.93% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Barclays increased their price target on shares of Netflix from $475.00 to $550.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 9th. CICC Research started coverage on shares of Netflix in a report on Thursday, May 2nd. They set an “outperform” rating and a $650.00 target price on the stock. Evercore ISI raised their target price on shares of Netflix from $650.00 to $700.00 and gave the stock an “outperform” rating in a report on Tuesday, May 28th. BMO Capital Markets reiterated an “outperform” rating and issued a $713.00 price objective (up from $638.00) on shares of Netflix in a report on Wednesday, April 17th. Finally, Wells Fargo & Company lifted their price objective on shares of Netflix from $650.00 to $726.00 and gave the company an “overweight” rating in a report on Friday, April 19th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-four have given a buy rating to the stock. Based on data from MarketBeat, Netflix currently has a consensus rating of “Moderate Buy” and an average price target of $642.43.

Insider Activity

In related news, Director Anne M. Sweeney sold 633 shares of the business’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $560.00, for a total value of $354,480.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Anne M. Sweeney sold 633 shares of the business’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $560.00, for a total value of $354,480.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Spencer Adam Neumann sold 564 shares of the business’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $613.08, for a total value of $345,777.12. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 71,385 shares of company stock valued at $44,469,351. 1.76% of the stock is owned by company insiders.

Netflix Trading Down 0.8 %

Shares of Netflix stock opened at $647.60 on Friday. The firm has a 50-day moving average of $651.70 and a 200-day moving average of $597.69. The stock has a market cap of $279.12 billion, a PE ratio of 44.94, a PEG ratio of 1.40 and a beta of 1.27. Netflix, Inc. has a 52-week low of $344.73 and a 52-week high of $697.49. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.07 and a current ratio of 1.07.

Netflix (NASDAQ:NFLX) last announced its earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.51 by $0.77. The company had revenue of $9.37 billion during the quarter, compared to analysts’ expectations of $9.28 billion. Netflix had a net margin of 18.42% and a return on equity of 29.62%. Netflix’s quarterly revenue was up 14.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.88 earnings per share. As a group, sell-side analysts forecast that Netflix, Inc. will post 18.31 EPS for the current year.

Netflix 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.