Linden Thomas Advisory Services LLC Purchases 269 Shares of Netflix, Inc. (NASDAQ:NFLX)

Linden Thomas Advisory Services LLC raised its position in Netflix, Inc. (NASDAQ:NFLX) by 4.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,343 shares of the Internet television network’s stock after acquiring an additional 269 shares during the quarter. Netflix makes up about 0.7% of Linden Thomas Advisory Services LLC’s investment portfolio, making the stock its 13th largest holding. Linden Thomas Advisory Services LLC’s holdings in Netflix were worth $5,654,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Cyndeo Wealth Partners LLC lifted its holdings in Netflix by 6.4% during the 4th quarter. Cyndeo Wealth Partners LLC now owns 1,842 shares of the Internet television network’s stock valued at $1,642,000 after purchasing an additional 111 shares during the last quarter. Legacy Wealth Management Inc bought a new position in shares of Netflix in the fourth quarter valued at about $217,000. Accel Wealth Management acquired a new stake in shares of Netflix during the 4th quarter worth about $219,000. Fifth Third Bancorp boosted its holdings in shares of Netflix by 2.9% during the 4th quarter. Fifth Third Bancorp now owns 84,456 shares of the Internet television network’s stock worth $75,277,000 after buying an additional 2,351 shares during the period. Finally, DGS Capital Management LLC grew its stake in Netflix by 3.8% in the 4th quarter. DGS Capital Management LLC now owns 2,004 shares of the Internet television network’s stock valued at $1,786,000 after buying an additional 73 shares during the last quarter. Institutional investors own 80.93% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on NFLX. Piper Sandler restated an “overweight” rating and set a $1,100.00 price objective (up previously from $950.00) on shares of Netflix in a report on Wednesday. Macquarie boosted their price target on Netflix from $965.00 to $1,150.00 and gave the company an “outperform” rating in a research note on Wednesday. KeyCorp increased their price objective on Netflix from $1,000.00 to $1,100.00 and gave the stock an “overweight” rating in a research report on Wednesday. Morgan Stanley boosted their target price on shares of Netflix from $1,050.00 to $1,150.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, UBS Group raised their price target on shares of Netflix from $1,040.00 to $1,150.00 and gave the stock a “buy” rating in a research report on Wednesday. Nine research analysts have rated the stock with a hold rating, twenty-six 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 a consensus target price of $1,009.29.

Insider Activity at Netflix

In other news, Chairman Reed Hastings sold 48,363 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $896.60, for a total value of $43,362,265.80. Following the transaction, the chairman now owns 114 shares in the company, valued at approximately $102,212.40. The trade was a 99.76 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider David A. Hyman sold 267 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $765.67, for a total transaction of $204,433.89. Following the sale, the insider now owns 31,610 shares of the company’s stock, valued at approximately $24,202,828.70. This trade represents a 0.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 147,117 shares of company stock worth $123,913,691 over the last three months. Company insiders own 1.76% of the company’s stock.

Netflix Stock Performance

NASDAQ:NFLX opened at $977.59 on Friday. The stock’s 50-day moving average is $895.13 and its 200-day moving average is $766.98. Netflix, Inc. has a 1-year low of $542.01 and a 1-year high of $999.00. The company has a current ratio of 1.22, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56. The stock has a market cap of $417.88 billion, a P/E ratio of 49.30, a price-to-earnings-growth ratio of 1.53 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last posted its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, topping analysts’ consensus estimates of $4.20 by $0.07. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The firm had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10,141,900 billion. During the same period in the previous year, the firm posted $2.11 EPS. The company’s revenue for the quarter was up 16.0% compared to the same quarter last year. Equities research analysts anticipate that Netflix, Inc. will post 23.72 earnings per share for the current year.

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.