Netflix, Inc. (NASDAQ:NFLX) Shares Purchased by Austin Private Wealth LLC

Austin Private Wealth LLC boosted its stake in Netflix, Inc. (NASDAQ:NFLX) by 16.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 834 shares of the Internet television network’s stock after acquiring an additional 120 shares during the quarter. Austin Private Wealth LLC’s holdings in Netflix were worth $743,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC acquired a new stake in Netflix in the 3rd quarter valued at $25,000. E Fund Management Hong Kong Co. Ltd. grew its stake in Netflix by 700.0% in 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 acquiring an additional 42 shares during the period. MidAtlantic Capital Management Inc. acquired a new stake in Netflix in the 3rd quarter valued at $37,000. FSA Wealth Management LLC acquired a new stake in Netflix in the 3rd quarter valued at $38,000. Finally, First Personal Financial Services acquired a new stake in Netflix in the 3rd quarter valued at $40,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Trading Up 0.4 %

Shares of NFLX opened at $976.76 on Friday. The company has a current ratio of 1.22, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56. The firm’s 50-day moving average is $903.09 and its two-hundred day moving average is $775.54. Netflix, Inc. has a twelve month low of $542.01 and a twelve month high of $999.00. The firm has a market capitalization of $417.82 billion, a P/E ratio of 49.26, a PEG ratio of 2.03 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.20 by $0.07. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The company had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10.14 billion. During the same quarter in the prior year, the firm earned $2.11 earnings per share. The company’s revenue for the quarter was up 16.0% compared to the same quarter last year. On average, research analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on NFLX shares. Guggenheim raised their price objective on Netflix from $950.00 to $1,100.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Barclays upgraded Netflix from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $715.00 to $900.00 in a report on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft raised their price objective on Netflix from $650.00 to $875.00 and gave the company a “hold” rating in a report on Wednesday, January 22nd. The Goldman Sachs Group raised their price objective on Netflix from $850.00 to $960.00 and gave the company a “neutral” rating in a report on Wednesday, January 22nd. Finally, Piper Sandler reiterated an “overweight” rating and set a $1,100.00 price target (up previously from $950.00) on shares of Netflix in a report on Wednesday, January 22nd. Ten analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $1,021.70.

Insider Buying and Selling at Netflix

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 shares were sold at an average price of $765.67, for a total transaction of $204,433.89. Following the transaction, the insider now owns 31,610 shares of the company’s stock, valued at approximately $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 SEC, which is available at the SEC website. Also, Director Anne M. Sweeney sold 589 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $880.00, for a total transaction of $518,320.00. The disclosure for this sale can be found here. Insiders have sold 105,516 shares of company stock valued at $92,377,637 over the last quarter. 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.