Diversify Advisory Services LLC Boosts Position in Netflix, Inc. (NASDAQ:NFLX)

Diversify Advisory Services LLC raised its stake in Netflix, Inc. (NASDAQ:NFLX) by 14.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,627 shares of the Internet television network’s stock after buying an additional 328 shares during the period. Diversify Advisory Services LLC’s holdings in Netflix were worth $2,201,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of NFLX. RPg Family Wealth Advisory LLC bought a new stake in Netflix during the 3rd quarter valued at $25,000. E Fund Management Hong Kong Co. Ltd. raised its holdings in shares of Netflix by 700.0% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock valued at $34,000 after acquiring an additional 42 shares in the last quarter. Decker Retirement Planning Inc. purchased a new stake in Netflix in the fourth quarter worth about $43,000. MidAtlantic Capital Management Inc. bought a new position in Netflix during the 3rd quarter worth about $37,000. Finally, FSA Wealth Management LLC bought a new position in Netflix during the 3rd quarter worth about $38,000. 80.93% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NFLX has been the subject of a number of recent research reports. KeyCorp boosted their price objective on shares of Netflix from $760.00 to $785.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Morgan Stanley raised their price objective on Netflix from $820.00 to $830.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Wolfe Research reaffirmed an “outperform” rating on shares of Netflix in a report on Friday, October 18th. Jefferies Financial Group increased their price objective on Netflix from $780.00 to $800.00 and gave the company a “buy” rating in a report on Friday, October 18th. Finally, Piper Sandler boosted their price target on Netflix from $840.00 to $950.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 14th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $845.06.

Insider Transactions at Netflix

In other news, insider David A. Hyman sold 267 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $765.67, for a total value of $204,433.89. Following the completion of 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 filing with the Securities & Exchange Commission, which is available at this link. Also, Director Richard N. Barton sold 5,698 shares of the firm’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $756.00, for a total transaction of $4,307,688.00. Following the completion of the transaction, the director now directly owns 246 shares in the company, valued at approximately $185,976. This represents a 95.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 152,198 shares of company stock valued at $127,616,898 in the last three months. 1.76% of the stock is currently owned by company insiders.

Netflix Trading Up 1.9 %

NFLX stock opened at $858.10 on Monday. Netflix, Inc. has a 52-week low of $476.06 and a 52-week high of $941.75. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62. The firm has a market cap of $366.80 billion, a P/E ratio of 48.56, a PEG ratio of 1.35 and a beta of 1.27. The company’s 50-day simple moving average is $884.58 and its 200-day simple moving average is $759.04.

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

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.