Capital Advisors Wealth Management LLC Buys Shares of 347 Netflix, Inc. (NASDAQ:NFLX)

Capital Advisors Wealth Management LLC purchased a new position in Netflix, Inc. (NASDAQ:NFLX) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 347 shares of the Internet television network’s stock, valued at approximately $309,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. RPg Family Wealth Advisory LLC purchased a new position in Netflix during the third quarter valued at $25,000. E Fund Management Hong Kong Co. Ltd. increased its holdings in shares of Netflix by 700.0% during the third 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 in the last quarter. MidAtlantic Capital Management Inc. purchased a new position in shares of Netflix in the 3rd quarter worth about $37,000. FSA Wealth Management LLC purchased a new position in shares of Netflix in the 3rd quarter worth about $38,000. Finally, First Personal Financial Services bought a new position in Netflix in the 3rd quarter worth about $40,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Wells Fargo & Company raised their price objective on shares of Netflix from $758.00 to $797.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Canaccord Genuity Group boosted their price objective on shares of Netflix from $760.00 to $940.00 and gave the stock a “hold” rating in a report on Monday, December 2nd. Evercore ISI upped their price objective on Netflix from $775.00 to $950.00 and gave the company an “outperform” rating in a research report on Monday, December 2nd. Piper Sandler lifted their target price on Netflix from $840.00 to $950.00 and gave the stock an “overweight” rating in a report on Tuesday. Finally, Morgan Stanley upped their price target on Netflix from $820.00 to $830.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-four have issued a buy rating to the company. According to MarketBeat.com, Netflix currently has a consensus rating of “Moderate Buy” and an average price target of $845.06.

Insiders Place Their Bets

In other news, Director Richard N. Barton sold 6,364 shares of the business’s stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $879.38, for a total value of $5,596,374.32. Following the transaction, the director now owns 246 shares of the company’s stock, valued at approximately $216,327.48. The trade was a 96.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Anne M. Sweeney sold 589 shares of the company’s stock in a transaction on Wednesday, November 20th. The stock was 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. In the last quarter, insiders sold 152,198 shares of company stock worth $127,616,898. Corporate insiders own 1.76% of the company’s stock.

Netflix Price Performance

NASDAQ NFLX opened at $842.37 on Friday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. Netflix, Inc. has a 12 month low of $475.26 and a 12 month high of $941.75. The stock has a market cap of $360.08 billion, a price-to-earnings ratio of 47.67, a PEG ratio of 1.35 and a beta of 1.27. The company’s 50 day moving average is $882.41 and its two-hundred day moving average is $756.61.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, beating the consensus estimate of $5.09 by $0.31. Netflix had a net margin of 20.70% and a return on equity of 35.86%. The firm had revenue of $9.82 billion for the quarter, compared to the consensus estimate of $9.77 billion. As a group, research analysts anticipate that Netflix, Inc. will post 19.78 earnings per share for the current year.

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.