Netflix, Inc. (NASDAQ:NFLX) Shares Bought by Alta Wealth Advisors LLC

Alta Wealth Advisors LLC grew its stake in Netflix, Inc. (NASDAQ:NFLX) by 3.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 493 shares of the Internet television network’s stock after purchasing an additional 17 shares during the period. Alta Wealth Advisors LLC’s holdings in Netflix were worth $439,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of NFLX. RPg Family Wealth Advisory LLC acquired a new stake in Netflix in the third quarter valued at $25,000. E Fund Management Hong Kong Co. Ltd. increased its holdings 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 purchasing an additional 42 shares in the last quarter. MidAtlantic Capital Management Inc. purchased a new stake in Netflix during the third quarter worth about $37,000. FSA Wealth Management LLC acquired a new position in Netflix during the third quarter worth about $38,000. Finally, First Personal Financial Services purchased a new position in Netflix in the third quarter valued at about $40,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Trading Down 0.5 %

NASDAQ:NFLX opened at $973.24 on Friday. The business’s 50-day moving average is $903.09 and its two-hundred day moving average is $775.54. The firm has a market capitalization of $416.31 billion, a PE ratio of 49.08, a price-to-earnings-growth ratio of 2.03 and a beta of 1.27. Netflix, Inc. has a 12 month low of $542.01 and a 12 month high of $999.00. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.13.

Netflix (NASDAQ:NFLX) last announced its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, beating the consensus estimate of $4.20 by $0.07. The business had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10.14 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The company’s revenue was up 16.0% on a year-over-year basis. During the same period last year, the business posted $2.11 EPS. Research analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on NFLX shares. Seaport Res Ptn raised Netflix from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 15th. Pivotal Research increased their price objective on shares of Netflix from $1,100.00 to $1,250.00 and gave the company a “buy” rating 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 Thursday, January 23rd. Bank of America upped their target price on Netflix from $1,000.00 to $1,175.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Finally, KeyCorp raised their price target on Netflix from $1,000.00 to $1,100.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. Ten analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,021.70.

Insider Transactions at Netflix

In other news, Director Richard N. Barton sold 6,364 shares of the firm’s stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $879.38, for a total value of $5,596,374.32. Following the transaction, the director now directly owns 246 shares in the company, valued at approximately $216,327.48. This trade represents a 96.28 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Jay C. Hoag sold 617 shares of the stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $979.71, for a total transaction of $604,481.07. The disclosure for this sale can be found here. Over the last three months, insiders have sold 105,516 shares of company stock valued at $92,377,637. Corporate insiders own 1.76% of the company’s stock.

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.