ASB Consultores LLC Has $1.02 Million Stake in Netflix, Inc. (NASDAQ:NFLX)

ASB Consultores LLC lowered its stake in Netflix, Inc. (NASDAQ:NFLX) by 41.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,511 shares of the Internet television network’s stock after selling 1,082 shares during the period. ASB Consultores LLC’s holdings in Netflix were worth $1,020,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of NFLX. Denver PWM LLC bought a new stake in shares of Netflix during the second quarter worth $25,000. Valued Wealth Advisors LLC raised its holdings in Netflix by 80.0% during the 1st quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock worth $27,000 after purchasing an additional 20 shares during the last quarter. VitalStone Financial LLC lifted its position in Netflix by 933.3% during the 4th quarter. VitalStone Financial LLC now owns 62 shares of the Internet television network’s stock valued at $30,000 after purchasing an additional 56 shares during the period. Beaird Harris Wealth Management LLC boosted its stake 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 purchasing an additional 62 shares during the last quarter. Finally, Scarborough Advisors LLC acquired a new stake in shares of Netflix during the 4th quarter worth approximately $32,000. Institutional investors own 80.93% of the company’s stock.

Insiders Place Their Bets

In other news, insider David A. Hyman sold 20,656 shares of the stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $605.13, for a total value of $12,499,565.28. Following the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at $19,128,159.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Leslie J. Kilgore sold 1,372 shares of Netflix stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $704.81, for a total transaction of $966,999.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider David A. Hyman sold 20,656 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $605.13, for a total value of $12,499,565.28. Following the completion of the sale, the insider now owns 31,610 shares of the company’s stock, valued at $19,128,159.30. The disclosure for this sale can be found here. Insiders sold a total of 196,798 shares of company stock valued at $129,552,672 over the last ninety days. 1.76% of the stock is currently owned by company insiders.

Netflix Stock Up 2.0 %

Shares of NFLX stock opened at $704.32 on Friday. Netflix, Inc. has a 52-week low of $344.73 and a 52-week high of $715.66. The stock has a market cap of $303.56 billion, a price-to-earnings ratio of 48.88, a PEG ratio of 1.40 and a beta of 1.26. The firm’s 50-day moving average is $661.93 and its 200-day moving average is $639.96. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.95 and a current ratio of 0.95.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Thursday, July 18th. The Internet television network reported $4.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.74 by $0.14. Netflix had a return on equity of 32.93% and a net margin of 19.54%. The firm had revenue of $9.56 billion for the quarter, compared to analyst estimates of $9.53 billion. During the same quarter in the prior year, the company earned $3.29 earnings per share. The business’s revenue for the quarter was up 16.8% compared to the same quarter last year. Sell-side analysts predict that Netflix, Inc. will post 19.08 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently weighed in on NFLX. Argus increased their price objective on shares of Netflix from $660.00 to $767.00 and gave the company a “buy” rating in a report on Tuesday, July 2nd. Piper Sandler raised their price target on Netflix from $600.00 to $650.00 and gave the stock a “neutral” rating in a research report on Friday, July 19th. Pivotal Research upped their price objective on Netflix from $800.00 to $900.00 and gave the company a “buy” rating in a report on Friday, August 30th. Macquarie restated an “outperform” rating and set a $685.00 target price on shares of Netflix in a report on Tuesday, July 16th. Finally, UBS Group upped their price target on Netflix from $685.00 to $750.00 and gave the company a “buy” rating in a research note on Friday, July 19th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-four have issued a buy rating to the company. According to data from MarketBeat, Netflix currently has a consensus rating of “Moderate Buy” and an average price target of $685.29.

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.