Nvest Financial LLC Purchases 301 Shares of Netflix, Inc. (NASDAQ:NFLX)

Nvest Financial LLC grew its position in Netflix, Inc. (NASDAQ:NFLX) by 9.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,606 shares of the Internet television network’s stock after purchasing an additional 301 shares during the quarter. Netflix makes up about 1.6% of Nvest Financial LLC’s portfolio, making the stock its 18th largest position. Nvest Financial LLC’s holdings in Netflix were worth $3,214,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. RPg Family Wealth Advisory LLC acquired a new position in Netflix in the third quarter valued at approximately $25,000. E Fund Management Hong Kong Co. Ltd. increased its stake in shares of 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 acquiring an additional 42 shares in the last quarter. MidAtlantic Capital Management Inc. acquired a new position in shares of Netflix during the 3rd quarter valued at $37,000. FSA Wealth Management LLC bought a new position in Netflix during the third quarter worth $38,000. Finally, First Personal Financial Services acquired a new stake in Netflix in the third quarter worth $40,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Netflix Stock Down 0.0 %

Shares of NFLX stock opened at $971.83 on Wednesday. The company has a current ratio of 1.22, a quick ratio of 1.13 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 $999.00. The stock has a market cap of $415.42 billion, a P/E ratio of 49.01, a P/E/G ratio of 1.53 and a beta of 1.27. The company has a 50 day simple moving average of $899.64 and a two-hundred day simple moving average of $772.71.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data 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. The firm had revenue of $10.25 billion for the quarter, compared to analysts’ expectations of $10.14 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The business’s quarterly revenue was up 16.0% on a year-over-year basis. During the same period in the previous year, the firm earned $2.11 EPS. On average, research analysts expect that Netflix, Inc. will post 23.72 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Piper Sandler reiterated 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, January 22nd. Guggenheim upped their price target on Netflix from $950.00 to $1,100.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Benchmark raised Netflix from a “sell” rating to a “hold” rating in a research note on Wednesday, January 22nd. Rosenblatt Securities raised Netflix from a “neutral” rating to a “buy” rating and upped their target price for the stock from $680.00 to $1,494.00 in a research report on Wednesday, January 22nd. Finally, JPMorgan Chase & Co. lifted their price target on shares of Netflix from $1,000.00 to $1,150.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. Ten investment 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’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $1,021.70.

Insiders Place Their Bets

In related news, Director Jay C. Hoag sold 617 shares of the company’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $979.71, for a total transaction of $604,481.07. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Theodore A. Sarandos sold 1,278 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $767.05, for a total transaction of $980,289.90. Following the sale, the chief executive officer now owns 2,556 shares in the company, valued at $1,960,579.80. This represents a 33.33 % 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 in the last three months. 1.76% of the stock is owned by company 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.