SOA Wealth Advisors LLC. Has $1.42 Million Holdings in Netflix, Inc. (NASDAQ:NFLX)

SOA Wealth Advisors LLC. grew its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 4.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,587 shares of the Internet television network’s stock after buying an additional 72 shares during the quarter. SOA Wealth Advisors LLC.’s holdings in Netflix were worth $1,415,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of NFLX. Golden State Wealth Management LLC acquired a new position in shares of Netflix in the 4th quarter worth approximately $971,000. SMART Wealth LLC boosted its stake in Netflix by 67.1% in the fourth quarter. SMART Wealth LLC now owns 974 shares of the Internet television network’s stock worth $868,000 after purchasing an additional 391 shares in the last quarter. Global X Japan Co. Ltd. boosted its stake in Netflix by 1.9% in the fourth quarter. Global X Japan Co. Ltd. now owns 10,392 shares of the Internet television network’s stock worth $9,263,000 after purchasing an additional 193 shares in the last quarter. Fairvoy Private Wealth LLC bought a new stake in shares of Netflix during the fourth quarter worth $406,000. Finally, Ameliora Wealth Management Ltd. increased its stake in shares of Netflix by 950.0% in the fourth quarter. Ameliora Wealth Management Ltd. now owns 525 shares of the Internet television network’s stock valued at $468,000 after buying an additional 475 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Trading Down 0.2 %

Shares of Netflix stock opened at $1,013.93 on Friday. Netflix, Inc. has a 52-week low of $542.01 and a 52-week high of $1,027.76. The stock has a market cap of $433.72 billion, a PE ratio of 51.13, a PEG ratio of 2.02 and a beta of 1.27. The firm has a 50-day moving average of $914.82 and a 200-day moving average of $787.62. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, beating analysts’ consensus estimates of $4.20 by $0.07. The company had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $10.14 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The firm’s quarterly revenue 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. As a group, sell-side analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Gregory K. Peters sold 4,434 shares of the stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $1,015.00, for a total value of $4,500,510.00. Following the completion of the transaction, the chief executive officer now owns 12,950 shares of the company’s stock, valued at $13,144,250. This represents a 25.51 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Jeffrey William Karbowski sold 160 shares of the business’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $1,000.00, for a total transaction of $160,000.00. The disclosure for this sale can be found here. Insiders have sold 299,517 shares of company stock worth $285,805,037 over the last ninety days. Corporate insiders own 1.76% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on NFLX shares. Pivotal Research upped their price target on shares of Netflix from $1,100.00 to $1,250.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Seaport Res Ptn raised shares of Netflix from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 15th. Bank of America raised their price target on shares of Netflix from $1,000.00 to $1,175.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Oppenheimer upped their price objective on Netflix from $1,040.00 to $1,150.00 and gave the stock an “outperform” rating in a report on Wednesday, January 22nd. Finally, Rosenblatt Securities raised Netflix from a “neutral” rating to a “buy” rating and lifted their target price for the company from $680.00 to $1,494.00 in a research note 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 company. According to MarketBeat.com, Netflix presently has an average 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.