Enzi Wealth Increases Stake in Netflix, Inc. (NASDAQ:NFLX)

Enzi Wealth raised its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 3.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 331 shares of the Internet television network’s stock after buying an additional 11 shares during the quarter. Enzi Wealth’s holdings in Netflix were worth $316,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC purchased a new stake in shares of Netflix in the third quarter valued at $25,000. E Fund Management Hong Kong Co. Ltd. lifted its holdings in Netflix by 700.0% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock valued at $34,000 after buying an additional 42 shares in the last quarter. MidAtlantic Capital Management Inc. purchased a new stake in Netflix in the 3rd quarter valued at about $37,000. FSA Wealth Management LLC purchased a new position in Netflix during the 3rd quarter worth $38,000. Finally, First Personal Financial Services purchased a new position in shares of Netflix during the third quarter valued at $40,000. Institutional investors own 80.93% of the company’s stock.

Netflix Trading Up 0.7 %

NFLX stock opened at $978.94 on Thursday. The business’s 50-day moving average is $899.64 and its 200 day moving average is $772.71. Netflix, Inc. has a 12-month low of $542.01 and a 12-month high of $999.00. The stock has a market cap of $418.46 billion, a price-to-earnings ratio of 49.37, a PEG ratio of 1.53 and a beta of 1.27. The company has a current ratio of 1.22, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, topping the consensus estimate of $4.20 by $0.07. The firm had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $10.14 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The firm’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same period in the previous year, the business earned $2.11 earnings per share. On average, sell-side analysts anticipate that Netflix, Inc. will post 23.72 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider David A. Hyman sold 267 shares of the business’s 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 sale, the insider now directly owns 31,610 shares in the company, valued at approximately $24,202,828.70. The trade was a 0.84 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jay C. Hoag sold 617 shares of the company’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $979.71, for a total transaction of $604,481.07. The disclosure for this sale can be found here. Over the last three months, insiders have sold 147,117 shares of company stock worth $123,913,691. 1.76% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Macquarie boosted their price objective on shares of Netflix from $965.00 to $1,150.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 22nd. Phillip Securities cut Netflix from a “hold” rating to a “moderate sell” rating in a research note on Friday, January 24th. Loop Capital raised their price objective on Netflix from $925.00 to $1,000.00 and gave the company a “hold” rating in a research report on Wednesday, January 22nd. Wedbush reiterated an “outperform” rating and issued a $1,150.00 target price (up from $950.00) on shares of Netflix in a report on Wednesday, January 22nd. Finally, Sanford C. Bernstein upgraded shares of Netflix from a “market perform” rating to an “outperform” rating and raised their price target for the company from $975.00 to $1,200.00 in a report on Friday, January 24th. Ten analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Netflix presently has a consensus rating of “Moderate Buy” and an average price target of $1,021.70.

Netflix Company 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.