Curi Wealth Management LLC Makes New Investment in Netflix, Inc. (NASDAQ:NFLX)

Curi Wealth Management LLC purchased a new position in shares of Netflix, Inc. (NASDAQ:NFLX – Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 528 shares of the Internet television network’s stock, valued at approximately $233,000.

Several other hedge funds also recently modified their holdings of the company. Baldrige Asset Management LLC lifted its holdings in shares of Netflix by 156.3% during the 1st quarter. Baldrige Asset Management LLC now owns 82 shares of the Internet television network’s stock worth $28,000 after acquiring an additional 50 shares during the period. Barrett & Company Inc. purchased a new position in shares of Netflix during the 1st quarter worth about $29,000. Retirement Group LLC lifted its holdings in shares of Netflix by 52.6% during the 1st quarter. Retirement Group LLC now owns 87 shares of the Internet television network’s stock worth $30,000 after acquiring an additional 30 shares during the period. Manchester Capital Management LLC lifted its holdings in shares of Netflix by 8,700.0% during the 1st quarter. Manchester Capital Management LLC now owns 88 shares of the Internet television network’s stock worth $30,000 after acquiring an additional 87 shares during the period. Finally, Silicon Valley Capital Partners lifted its holdings in shares of Netflix by 80.0% during the 1st quarter. Silicon Valley Capital Partners now owns 90 shares of the Internet television network’s stock worth $31,000 after acquiring an additional 40 shares during the period. 79.95% of the stock is owned by institutional investors and hedge funds.

Netflix Stock Performance

Shares of NFLX opened at $394.78 on Thursday. Netflix, Inc. has a 1 year low of $252.09 and a 1 year high of $485.00. The company has a market cap of $174.95 billion, a price-to-earnings ratio of 36.87, a price-to-earnings-growth ratio of 1.32 and a beta of 1.31. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.33 and a current ratio of 1.33. The firm has a fifty day moving average of $401.87 and a 200-day moving average of $394.17.

Netflix (NASDAQ:NFLX – Get Free Report) last announced its quarterly earnings results on Wednesday, October 18th. The Internet television network reported $3.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.49 by $0.24. Netflix had a net margin of 13.22% and a return on equity of 19.76%. The company had revenue of $8.54 billion during the quarter, compared to the consensus estimate of $8.54 billion. During the same quarter in the previous year, the company posted $3.10 earnings per share. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. As a group, equities analysts anticipate that Netflix, Inc. will post 11.92 earnings per share for the current year.

Insider Activity at Netflix

In other Netflix news, Director Richard N. Barton sold 500 shares of the business’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $440.36, for a total value of $220,180.00. Following the sale, the director now directly owns 152 shares in the company, valued at $66,934.72. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Netflix news, Director Richard N. Barton sold 500 shares of the business’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $440.36, for a total value of $220,180.00. Following the sale, the director now directly owns 152 shares in the company, valued at $66,934.72. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Theodore A. Sarandos sold 55,386 shares of the business’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $431.10, for a total transaction of $23,876,904.60. The disclosure for this sale can be found here. Insiders have sold a total of 117,714 shares of company stock worth $50,138,516 over the last ninety days. 2.45% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Netflix from $410.00 to $475.00 and gave the stock a “buy” rating in a report on Monday, July 17th. Seaport Res Ptn restated a “buy” rating on shares of Netflix in a report on Friday, October 6th. Loop Capital upgraded shares of Netflix from a “hold” rating to a “buy” rating and raised their price target for the company from $425.00 to $500.00 in a report on Friday, August 25th. Bank of America raised their price target on shares of Netflix from $490.00 to $525.00 and gave the company a “buy” rating in a report on Thursday, July 20th. Finally, Guggenheim restated a “buy” rating and issued a $500.00 price target on shares of Netflix in a report on Thursday, July 20th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twenty-seven have assigned a buy rating to the stock. According to MarketBeat, Netflix currently has an average rating of “Moderate Buy” and a consensus price target of $433.53.

Check Out Our Latest Research Report on NFLX

About Netflix

(Free Report)

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.

Netflix Stock Performance

Insider Activity at Netflix

Analysts Set New Price Targets

About Netflix

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