McGlone Suttner Wealth Management Inc. Has $808,000 Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

McGlone Suttner Wealth Management Inc. increased its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 3.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 907 shares of the Internet television network’s stock after buying an additional 33 shares during the period. McGlone Suttner Wealth Management Inc.’s holdings in Netflix were worth $808,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Ameriprise Financial Inc. boosted its position in shares of Netflix by 5.4% in the second quarter. Ameriprise Financial Inc. now owns 1,120,690 shares of the Internet television network’s stock valued at $756,945,000 after acquiring an additional 57,567 shares during the period. Employees Retirement System of Texas grew its holdings in shares of Netflix by 2.2% during the 2nd quarter. Employees Retirement System of Texas now owns 141,527 shares of the Internet television network’s stock worth $95,514,000 after purchasing an additional 3,062 shares in the last quarter. DigitalBridge Group Inc. increased its position in shares of Netflix by 35.5% in the second 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 period. Decatur Capital Management Inc. raised its stake in Netflix by 2.5% in the second quarter. Decatur Capital Management Inc. now owns 4,895 shares of the Internet television network’s stock valued at $3,304,000 after purchasing an additional 120 shares in the last quarter. Finally, DE Burlo Group Inc. bought a new stake in Netflix during the second quarter worth about $220,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Robert W. Baird boosted their target price on shares of Netflix from $875.00 to $1,200.00 and gave the company an “outperform” rating in a research report on Wednesday. Loop Capital boosted their price objective on shares of Netflix from $925.00 to $1,000.00 and gave the company a “hold” rating in a research report on Wednesday. The Goldman Sachs Group raised their target price on Netflix from $850.00 to $960.00 and gave the company a “neutral” rating in a report on Wednesday. Argus lifted their price target on Netflix from $840.00 to $1,040.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Finally, Benchmark upgraded Netflix from a “sell” rating to a “hold” rating in a research report on Wednesday. Ten analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $996.94.

Netflix Trading Up 3.2 %

Shares of NFLX stock opened at $984.86 on Friday. Netflix, Inc. has a fifty-two week low of $537.07 and a fifty-two week high of $999.00. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 1.22. The stock has a 50 day simple moving average of $889.11 and a two-hundred day simple moving average of $763.41. The company has a market cap of $420.99 billion, a P/E ratio of 49.67, a PEG ratio of 1.53 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, beating analysts’ consensus estimates of $4.20 by $0.07. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The firm had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $10,141,900 billion. During the same quarter last year, the firm posted $2.11 earnings per share. The company’s revenue for the quarter was up 16.0% compared to the same quarter last year. Research analysts forecast that Netflix, Inc. will post 23.72 earnings per share for the current year.

Insider Activity at Netflix

In related news, Chairman Reed Hastings sold 48,363 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $896.60, for a total transaction of $43,362,265.80. Following the completion of the sale, the chairman now directly owns 114 shares of the company’s stock, valued at approximately $102,212.40. This trade represents a 99.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Richard N. Barton sold 6,364 shares of the company’s stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $879.38, for a total value of $5,596,374.32. Following the completion of the transaction, the director now owns 246 shares of the company’s stock, valued at $216,327.48. This trade represents a 96.28 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 146,500 shares of company stock valued at $123,309,210 over the last ninety days. Corporate insiders own 1.76% of the company’s stock.

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.