Netflix, Inc. (NASDAQ:NFLX) Shares Acquired by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. lifted its holdings in Netflix, Inc. (NASDAQ:NFLX) by 0.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,081 shares of the Internet television network’s stock after purchasing an additional 482 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Netflix were worth $43,919,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in NFLX. Obermeyer Wood Investment Counsel Lllp raised its stake in Netflix by 2.8% in the first quarter. Obermeyer Wood Investment Counsel Lllp now owns 623 shares of the Internet television network’s stock valued at $378,000 after buying an additional 17 shares during the last quarter. Private Portfolio Partners LLC raised its position in shares of Netflix by 1.7% in the 1st quarter. Private Portfolio Partners LLC now owns 1,042 shares of the Internet television network’s stock valued at $633,000 after purchasing an additional 17 shares during the last quarter. FAS Wealth Partners Inc. boosted its stake in Netflix by 1.5% in the 2nd quarter. FAS Wealth Partners Inc. now owns 1,164 shares of the Internet television network’s stock worth $786,000 after purchasing an additional 17 shares in the last quarter. Clear Point Advisors Inc. grew its position in Netflix by 3.9% during the 2nd quarter. Clear Point Advisors Inc. now owns 449 shares of the Internet television network’s stock worth $303,000 after purchasing an additional 17 shares during the last quarter. Finally, Capital Advisors Ltd. LLC grew its position in Netflix by 4.6% during the 1st quarter. Capital Advisors Ltd. LLC now owns 411 shares of the Internet television network’s stock worth $250,000 after purchasing an additional 18 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Buying and Selling

In related news, insider David A. Hyman sold 20,656 shares of the stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $605.13, for a total value of $12,499,565.28. Following the completion of the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at approximately $19,128,159.30. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 completion of the sale, the insider now directly owns 31,610 shares in the company, valued at $19,128,159.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Reed Hastings sold 25,599 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $631.43, for a total transaction of $16,163,976.57. Following the transaction, the chairman now owns 57 shares in the company, valued at $35,991.51. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 179,494 shares of company stock worth $118,230,884. 1.76% of the stock is owned by corporate insiders.

Netflix Stock Down 0.6 %

NFLX stock opened at $707.35 on Monday. Netflix, Inc. has a 52 week low of $344.73 and a 52 week high of $725.26. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.55. The firm has a 50-day simple moving average of $669.62 and a 200-day simple moving average of $644.91. The stock has a market capitalization of $304.87 billion, a P/E ratio of 49.09, a P/E/G ratio of 1.44 and a beta of 1.26.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, July 18th. The Internet television network reported $4.88 EPS for the quarter, topping 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 company had revenue of $9.56 billion during the quarter, compared to analyst estimates of $9.53 billion. During the same period in the previous year, the business earned $3.29 EPS. Netflix’s quarterly revenue was up 16.8% on a year-over-year basis. Equities analysts forecast that Netflix, Inc. will post 19.08 earnings per share for the current fiscal year.

Analysts Set New Price Targets

NFLX has been the subject of several research reports. Jefferies Financial Group lifted their price objective on shares of Netflix from $655.00 to $780.00 and gave the stock a “buy” rating in a research note on Tuesday, July 16th. Pivotal Research boosted their price target on Netflix from $800.00 to $900.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Piper Sandler raised their price objective on Netflix from $600.00 to $650.00 and gave the stock a “neutral” rating in a research note on Friday, July 19th. Evercore ISI upped their target price on Netflix from $710.00 to $750.00 and gave the company an “outperform” rating in a research report on Tuesday, August 27th. Finally, Argus increased their price target on shares of Netflix from $660.00 to $767.00 and gave the stock a “buy” rating in a report on Tuesday, July 2nd. One 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 company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $685.29.

About Netflix

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.