Wealth Advisors Northwest LLC Buys Shares of 1,449 Netflix, Inc. (NASDAQ:NFLX)

Wealth Advisors Northwest LLC purchased a new stake in Netflix, Inc. (NASDAQ:NFLX) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,449 shares of the Internet television network’s stock, valued at approximately $1,292,000. Netflix accounts for 0.9% of Wealth Advisors Northwest LLC’s investment portfolio, making the stock its 24th biggest holding.

A number of other hedge funds also recently made changes to their positions in the business. RPg Family Wealth Advisory LLC acquired a new position in Netflix during the 3rd quarter worth $25,000. Newton One Investments LLC bought a new stake in shares of Netflix during the fourth quarter valued at about $34,000. Pineridge Advisors LLC raised its stake in shares of Netflix by 4,000.0% during the fourth quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network’s stock valued at $37,000 after purchasing an additional 40 shares in the last quarter. Princeton Global Asset Management LLC lifted its holdings in Netflix by 51.6% in the fourth quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network’s stock worth $42,000 after purchasing an additional 16 shares during the period. Finally, E Fund Management Hong Kong Co. Ltd. grew its position 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 buying an additional 42 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

Analyst Upgrades and Downgrades

NFLX has been the topic of a number of recent analyst reports. Citigroup boosted their price target on shares of Netflix from $725.00 to $920.00 and gave the stock a “neutral” rating in a research report on Thursday, December 5th. Phillip Securities downgraded Netflix from a “hold” rating to a “moderate sell” rating in a research report on Friday, January 24th. TD Cowen increased their price target on Netflix from $820.00 to $835.00 and gave the company a “buy” rating in a research note on Friday, October 18th. StockNews.com lowered Netflix from a “buy” rating to a “hold” rating in a report on Tuesday, February 4th. Finally, Pivotal Research lifted their target price on Netflix from $1,100.00 to $1,250.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Ten investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.70.

Netflix Trading Down 1.9 %

Shares of NASDAQ:NFLX opened at $1,008.08 on Wednesday. The firm has a fifty day moving average of $919.96 and a two-hundred day moving average of $795.06. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. Netflix, Inc. has a 12-month low of $542.01 and a 12-month high of $1,032.85. The firm has a market capitalization of $431.22 billion, a P/E ratio of 50.84, a price-to-earnings-growth ratio of 2.11 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.20 by $0.07. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The business had revenue of $10.25 billion during the quarter, compared to analyst estimates of $10.14 billion. During the same period last year, the company earned $2.11 earnings per share. Netflix’s quarterly revenue was up 16.0% compared to the same quarter last year. On average, equities analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Activity

In related news, Director Ann Mather sold 2,682 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $973.00, for a total value of $2,609,586.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Anne M. Sweeney sold 589 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $880.00, for a total value of $518,320.00. The disclosure for this sale can be found here. Insiders sold a total of 303,809 shares of company stock worth $290,374,484 in the last three months. 1.76% of the stock is owned by insiders.

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.