Abound Wealth Management Purchases 32 Shares of Netflix, Inc. (NASDAQ:NFLX)

Abound Wealth Management grew its holdings in Netflix, Inc. (NASDAQ:NFLX) by 9.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 382 shares of the Internet television network’s stock after purchasing an additional 32 shares during the period. Abound Wealth Management’s holdings in Netflix were worth $341,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. DigitalBridge Group Inc. increased its stake in shares of Netflix by 35.5% during the 2nd quarter. DigitalBridge Group Inc. now owns 36,063 shares of the Internet television network’s stock worth $24,338,000 after purchasing an additional 9,451 shares during the last quarter. Nordea Investment Management AB lifted its position in shares of Netflix by 22.7% in the fourth quarter. Nordea Investment Management AB now owns 848,150 shares of the Internet television network’s stock valued at $760,918,000 after buying an additional 156,958 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Netflix by 1.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,579,404 shares of the Internet television network’s stock worth $1,829,494,000 after acquiring an additional 29,726 shares during the period. Natixis Advisors LLC increased its holdings in shares of Netflix by 2.0% during the 3rd quarter. Natixis Advisors LLC now owns 612,458 shares of the Internet television network’s stock worth $434,398,000 after acquiring an additional 11,921 shares during the last quarter. Finally, M&T Bank Corp raised its stake in Netflix by 4.2% in the 3rd quarter. M&T Bank Corp now owns 41,946 shares of the Internet television network’s stock valued at $29,751,000 after acquiring an additional 1,684 shares during the period. 80.93% of the stock is owned by institutional investors.

Netflix Price Performance

NFLX traded down $3.14 on Monday, reaching $834.55. The stock had a trading volume of 2,015,856 shares, compared to its average volume of 2,924,376. The firm has a 50-day moving average of $878.06 and a 200-day moving average of $753.78. Netflix, Inc. has a fifty-two week low of $475.26 and a fifty-two week high of $941.75. The company has a market capitalization of $356.74 billion, a price-to-earnings ratio of 47.23, a price-to-earnings-growth ratio of 1.77 and a beta of 1.27. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during 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

In related news, insider David A. Hyman sold 267 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $765.67, for a total value of $204,433.89. Following the sale, the insider now directly owns 31,610 shares in the company, valued at $24,202,828.70. This represents a 0.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Leslie J. Kilgore sold 358 shares of the firm’s stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $765.00, for a total transaction of $273,870.00. Following the transaction, the director now owns 35,262 shares of the company’s stock, valued at approximately $26,975,430. The trade was a 1.01 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 156,742 shares of company stock valued at $131,030,268 over the last 90 days. 1.76% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Oppenheimer upped their price objective on shares of Netflix from $825.00 to $1,065.00 and gave the company an “outperform” rating in a report on Monday, December 16th. UBS Group increased their price target on shares of Netflix from $825.00 to $1,040.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Morgan Stanley boosted their price objective on Netflix from $820.00 to $830.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Wedbush reiterated an “outperform” rating and set a $950.00 target price (up previously from $800.00) on shares of Netflix in a research note on Monday, November 18th. Finally, Bank of America lifted their price target on Netflix from $800.00 to $1,000.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $832.94.

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.