Beacon Financial Advisory LLC Purchases 11 Shares of Netflix, Inc. (NASDAQ:NFLX)

Beacon Financial Advisory LLC increased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 0.9% during the fourth quarter, Holdings Channel reports. The fund owned 1,285 shares of the Internet television network’s stock after purchasing an additional 11 shares during the period. Beacon Financial Advisory LLC’s holdings in Netflix were worth $1,145,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NFLX. RPg Family Wealth Advisory LLC bought a new position in Netflix in the 3rd quarter worth approximately $25,000. E Fund Management Hong Kong Co. Ltd. boosted 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 during the last quarter. Newton One Investments LLC acquired a new stake in shares of Netflix in the 4th quarter valued at $34,000. MidAtlantic Capital Management Inc. bought a new stake in shares of Netflix during the third quarter worth $37,000. Finally, FSA Wealth Management LLC acquired a new position in shares of Netflix during the third quarter valued at $38,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Netflix Price Performance

Shares of NFLX opened at $1,011.11 on Thursday. The stock has a market cap of $432.51 billion, a P/E ratio of 50.99, a P/E/G ratio of 2.02 and a beta of 1.27. The business’s fifty day moving average is $909.38 and its 200 day moving average is $784.44. 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 $1,011.83.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $10.14 billion. During the same period last year, the company earned $2.11 earnings per share. The business’s revenue was up 16.0% on a year-over-year basis. Sell-side analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on NFLX shares. TD Cowen lifted their price target on shares of Netflix from $820.00 to $835.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. The Goldman Sachs Group lifted their target price on shares of Netflix from $850.00 to $960.00 and gave the stock a “neutral” rating in a report on Wednesday, January 22nd. Wells Fargo & Company increased their price target on Netflix from $758.00 to $797.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Macquarie upped their price objective on Netflix from $965.00 to $1,150.00 and gave the company an “outperform” rating in a report on Wednesday, January 22nd. Finally, Argus raised their target price on Netflix from $840.00 to $1,040.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Ten equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,021.70.

Insiders Place Their Bets

In related news, CEO Gregory K. Peters sold 9,975 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $1,001.00, for a total transaction of $9,984,975.00. Following the completion of the sale, the chief executive officer now owns 12,950 shares in the company, valued at approximately $12,962,950. This trade represents a 43.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider David A. Hyman sold 41,121 shares of the business’s stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $979.01, for a total transaction of $40,257,870.21. Following the completion of the transaction, the insider now owns 31,610 shares in the company, valued at approximately $30,946,506.10. The trade was a 56.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 291,585 shares of company stock valued at $277,777,833 in the last three months. 1.76% of the stock is currently owned by insiders.

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.