SMART Wealth LLC Buys 391 Shares of Netflix, Inc. (NASDAQ:NFLX)

SMART Wealth LLC boosted its position in Netflix, Inc. (NASDAQ:NFLX) by 67.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 974 shares of the Internet television network’s stock after buying an additional 391 shares during the period. SMART Wealth LLC’s holdings in Netflix were worth $868,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. RPg Family Wealth Advisory LLC acquired a new stake in Netflix in the third quarter worth $25,000. Newton One Investments LLC bought a new position in shares of Netflix in the fourth quarter valued at approximately $34,000. Princeton Global Asset Management LLC increased its position in shares of Netflix by 51.6% during the 4th quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network’s stock valued at $42,000 after purchasing an additional 16 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. raised its position in Netflix by 700.0% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after acquiring an additional 42 shares during the period. Finally, Decker Retirement Planning Inc. bought a new stake in shares of Netflix in the 4th quarter worth approximately $43,000. Institutional investors own 80.93% of the company’s stock.

Netflix Trading Up 0.5 %

NFLX opened at $1,015.68 on Friday. The stock has a market capitalization of $434.47 billion, a PE ratio of 51.22, a P/E/G ratio of 2.02 and a beta of 1.27. Netflix, Inc. has a one year low of $542.01 and a one year high of $1,016.35. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. The business’s 50 day moving average price is $912.05 and its 200 day moving average price is $786.03.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, beating the consensus estimate of $4.20 by $0.07. The business had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10.14 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The company’s quarterly revenue was up 16.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.11 EPS. As a group, equities research analysts expect that Netflix, Inc. will post 24.58 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have weighed in on NFLX shares. Jefferies Financial Group lifted their target price on Netflix from $780.00 to $800.00 and gave the company a “buy” rating in a report on Friday, October 18th. Robert W. Baird lifted their target price on shares of Netflix from $875.00 to $1,200.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 22nd. Benchmark raised Netflix from a “sell” rating to a “hold” rating in a research report on Wednesday, January 22nd. Piper Sandler reaffirmed an “overweight” rating and set a $1,100.00 target price (up previously from $950.00) on shares of Netflix in a research note on Wednesday, January 22nd. Finally, Citigroup boosted their target price on shares of Netflix from $725.00 to $920.00 and gave the company a “neutral” rating in a report on Thursday, December 5th. Ten investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $1,021.70.

Insiders Place Their Bets

In other Netflix news, CAO Jeffrey William Karbowski sold 480 shares of the business’s stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $986.75, for a total value of $473,640.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Timothy M. Haley sold 647 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $800.19, for a total value of $517,722.93. The disclosure for this sale can be found here. Insiders sold a total of 292,270 shares of company stock valued at $278,469,388 over the last 90 days. 1.76% of the stock is owned by company 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.