One Wealth Management Investment & Advisory Services LLC Sells 2,596 Shares of Netflix, Inc. (NASDAQ:NFLX)

One Wealth Management Investment & Advisory Services LLC cut its stake in Netflix, Inc. (NASDAQ:NFLX) by 82.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 550 shares of the Internet television network’s stock after selling 2,596 shares during the period. Netflix makes up approximately 0.7% of One Wealth Management Investment & Advisory Services LLC’s holdings, making the stock its 26th biggest position. One Wealth Management Investment & Advisory Services LLC’s holdings in Netflix were worth $390,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Leo Wealth LLC lifted its holdings in shares of Netflix by 31.3% during the 1st quarter. Leo Wealth LLC now owns 1,321 shares of the Internet television network’s stock worth $804,000 after acquiring an additional 315 shares during the period. ProVise Management Group LLC bought a new position in shares of Netflix during the 1st quarter worth about $239,000. Trillium Asset Management LLC lifted its holdings in shares of Netflix by 15.4% during the 1st quarter. Trillium Asset Management LLC now owns 35,131 shares of the Internet television network’s stock worth $21,336,000 after acquiring an additional 4,680 shares during the period. Brighton Jones LLC lifted its holdings in shares of Netflix by 2.3% during the 1st quarter. Brighton Jones LLC now owns 10,391 shares of the Internet television network’s stock worth $6,311,000 after acquiring an additional 237 shares during the period. Finally, Great Lakes Retirement Inc. increased its position in shares of Netflix by 1.7% during the 1st quarter. Great Lakes Retirement Inc. now owns 4,268 shares of the Internet television network’s stock worth $2,592,000 after purchasing an additional 73 shares in the last quarter. 80.93% of the stock is owned by institutional investors.

Netflix Stock Up 1.3 %

Netflix stock opened at $830.47 on Thursday. The company’s 50 day simple moving average is $729.53 and its 200 day simple moving average is $676.61. Netflix, Inc. has a fifty-two week low of $445.64 and a fifty-two week high of $836.99. The firm has a market capitalization of $354.99 billion, a price-to-earnings ratio of 47.00, a PEG ratio of 1.58 and a beta of 1.25. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 earnings per share for the quarter, topping the consensus estimate of $5.09 by $0.31. Netflix had a net margin of 20.70% and a return on equity of 35.86%. The business had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.77 billion. As a group, sell-side analysts anticipate that Netflix, Inc. will post 19.78 EPS for the current year.

Insider Buying and Selling at Netflix

In other Netflix news, CEO Gregory K. Peters sold 4,644 shares of Netflix stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $700.00, for a total value of $3,250,800.00. Following the transaction, the chief executive officer now owns 13,090 shares of the company’s stock, valued at approximately $9,163,000. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Netflix news, CEO Gregory K. Peters sold 4,644 shares of Netflix stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $700.00, for a total value of $3,250,800.00. Following the transaction, the chief executive officer now owns 13,090 shares of the company’s stock, valued at approximately $9,163,000. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider David A. Hyman sold 13,791 shares of Netflix stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $700.00, for a total transaction of $9,653,700.00. Following the completion of the transaction, the insider now directly owns 31,610 shares in the company, valued at approximately $22,127,000. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 205,084 shares of company stock valued at $146,747,101. 1.76% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Jefferies Financial Group increased their target price on shares of Netflix from $780.00 to $800.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Piper Sandler reiterated an “overweight” rating and set a $840.00 target price (up previously from $800.00) on shares of Netflix in a research report on Friday, October 18th. Morgan Stanley increased their target price on shares of Netflix from $820.00 to $830.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. The Goldman Sachs Group set a $750.00 target price on shares of Netflix in a research report on Friday, October 18th. Finally, Wells Fargo & Company increased their target price on shares of Netflix from $758.00 to $797.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $748.15.

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.