Blodgett Wealth Advisors LLC Increases Stake in Netflix, Inc. (NASDAQ:NFLX)

Blodgett Wealth Advisors LLC grew its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 49.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 635 shares of the Internet television network’s stock after purchasing an additional 210 shares during the period. Blodgett Wealth Advisors LLC’s holdings in Netflix were worth $566,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. AMF Tjanstepension AB lifted its holdings in shares of Netflix by 7.4% in the third quarter. AMF Tjanstepension AB now owns 68,460 shares of the Internet television network’s stock valued at $48,557,000 after buying an additional 4,701 shares during the period. Czech National Bank increased its holdings in Netflix by 6.5% during the 3rd quarter. Czech National Bank now owns 87,425 shares of the Internet television network’s stock valued at $62,008,000 after purchasing an additional 5,312 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Netflix by 29.4% in the 3rd quarter. GAMMA Investing LLC now owns 7,119 shares of the Internet television network’s stock valued at $5,049,000 after buying an additional 1,618 shares during the period. Diversified Trust Co increased its stake in shares of Netflix by 69.1% in the 3rd quarter. Diversified Trust Co now owns 10,635 shares of the Internet television network’s stock valued at $7,544,000 after buying an additional 4,347 shares during the period. Finally, Smith Anglin Financial LLC boosted its position in shares of Netflix by 28.4% in the 3rd quarter. Smith Anglin Financial LLC now owns 457 shares of the Internet television network’s stock worth $324,000 after purchasing an additional 101 shares during the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Netflix Trading Up 0.2 %

NASDAQ NFLX opened at $978.94 on Tuesday. The stock’s 50-day moving average is $904.67 and its 200-day moving average is $779.53. Netflix, Inc. has a one year low of $542.01 and a one year high of $999.00. The firm has a market cap of $418.75 billion, a P/E ratio of 49.37, a P/E/G ratio of 2.02 and a beta of 1.27. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, beating analysts’ consensus estimates of $4.20 by $0.07. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The firm had revenue of $10.25 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. Sell-side analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Spencer Adam Neumann sold 433 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $772.10, for a total transaction of $334,319.30. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider David A. Hyman sold 41,121 shares of the stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $979.01, for a total value of $40,257,870.21. Following the completion of the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at approximately $30,946,506.10. This trade represents a 56.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 246,710 shares of company stock worth $233,561,836 in the last 90 days. Insiders own 1.76% of the company’s stock.

Analyst Upgrades and Downgrades

NFLX has been the topic of several recent research reports. Piper Sandler reissued an “overweight” rating and issued a $1,100.00 price target (up previously from $950.00) on shares of Netflix in a research note on Wednesday, January 22nd. Evercore ISI boosted their price target on Netflix from $950.00 to $1,100.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 22nd. Rosenblatt Securities upgraded Netflix from a “neutral” rating to a “buy” rating and boosted their price target for the company from $680.00 to $1,494.00 in a research note on Wednesday, January 22nd. StockNews.com downgraded shares of Netflix from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, Citigroup increased their price objective on shares of Netflix from $725.00 to $920.00 and gave the stock a “neutral” rating in a research report on Thursday, December 5th. Ten research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $1,021.70.

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.