Netflix, Inc. (NASDAQ:NFLX) Shares Purchased by Zhang Financial LLC

Zhang Financial LLC increased its stake in Netflix, Inc. (NASDAQ:NFLX) by 122.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 789 shares of the Internet television network’s stock after purchasing an additional 434 shares during the quarter. Zhang Financial LLC’s holdings in Netflix were worth $703,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in NFLX. DigitalBridge Group Inc. lifted its position in shares of Netflix by 35.5% in the second quarter. DigitalBridge Group Inc. now owns 36,063 shares of the Internet television network’s stock worth $24,338,000 after purchasing an additional 9,451 shares in the last quarter. Nordea Investment Management AB lifted its position in Netflix by 22.7% during the 4th quarter. Nordea Investment Management AB now owns 848,150 shares of the Internet television network’s stock worth $760,918,000 after acquiring an additional 156,958 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Netflix by 1.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,579,404 shares of the Internet television network’s stock valued at $1,829,494,000 after purchasing an additional 29,726 shares during the period. Natixis Advisors LLC boosted its holdings in Netflix by 2.0% in the 3rd quarter. Natixis Advisors LLC now owns 612,458 shares of the Internet television network’s stock valued at $434,398,000 after purchasing an additional 11,921 shares during the period. Finally, M&T Bank Corp increased its stake in Netflix by 4.2% during the third quarter. M&T Bank Corp now owns 41,946 shares of the Internet television network’s stock valued at $29,751,000 after acquiring an additional 1,684 shares during the period. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Richard N. Barton sold 5,698 shares of the company’s stock in a transaction on Friday, October 25th. The shares were sold at an average price of $756.00, for a total transaction of $4,307,688.00. Following the completion of the sale, the director now directly owns 246 shares in the company, valued at $185,976. This represents a 95.86 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Chairman Reed Hastings sold 41,601 shares of Netflix stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $758.06, for a total value of $31,536,054.06. Following the completion of the sale, the chairman now owns 85 shares in the company, valued at approximately $64,435.10. This represents a 99.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 152,198 shares of company stock worth $127,616,898. Corporate insiders own 1.76% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on NFLX. JPMorgan Chase & Co. dropped their price objective on shares of Netflix from $1,010.00 to $1,000.00 and set an “overweight” rating for the company in a research note on Friday, January 10th. Seaport Res Ptn raised Netflix from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 15th. Wolfe Research reiterated an “outperform” rating on shares of Netflix in a research report on Friday, October 18th. Evercore ISI increased their price objective on shares of Netflix from $775.00 to $950.00 and gave the company an “outperform” rating in a report on Monday, December 2nd. Finally, Wedbush restated an “outperform” rating and set a $950.00 target price (up from $800.00) on shares of Netflix in a research report on Monday, November 18th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $845.06.

Netflix Stock Performance

NASDAQ:NFLX opened at $858.10 on Tuesday. The business’s 50-day moving average price is $884.58 and its two-hundred day moving average price is $759.58. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62. The stock has a market cap of $366.80 billion, a P/E ratio of 48.56, a PEG ratio of 1.35 and a beta of 1.27. Netflix, Inc. has a twelve month low of $476.06 and a twelve month high of $941.75.

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.