Netflix, Inc. (NASDAQ:NFLX) Shares Purchased by New Wave Wealth Advisors LLC

New Wave Wealth Advisors LLC increased its holdings in Netflix, Inc. (NASDAQ:NFLX) by 5.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,754 shares of the Internet television network’s stock after buying an additional 95 shares during the quarter. New Wave Wealth Advisors LLC’s holdings in Netflix were worth $1,563,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in NFLX. Strategic Investment Solutions Inc. IL acquired a new position in Netflix during the second quarter worth $133,000. Healthcare of Ontario Pension Plan Trust Fund increased its position in Netflix by 58.2% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 39,560 shares of the Internet television network’s stock worth $26,698,000 after purchasing an additional 14,560 shares during the last quarter. Anchor Investment Management LLC raised its stake in Netflix by 0.5% during the second quarter. Anchor Investment Management LLC now owns 6,956 shares of the Internet television network’s stock worth $4,694,000 after purchasing an additional 34 shares during the period. Centaurus Financial Inc. boosted its holdings in Netflix by 151.9% in the 2nd quarter. Centaurus Financial Inc. now owns 13,450 shares of the Internet television network’s stock valued at $9,077,000 after purchasing an additional 8,110 shares during the last quarter. Finally, Greater Midwest Financial Group LLC raised its position in shares of Netflix by 7.0% during the 2nd quarter. Greater Midwest Financial Group LLC now owns 1,384 shares of the Internet television network’s stock valued at $916,000 after buying an additional 90 shares during the period. 80.93% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Netflix

In other news, Director Jay C. Hoag sold 617 shares of the company’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $979.71, for a total value of $604,481.07. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Theodore A. Sarandos sold 1,278 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $767.05, for a total value of $980,289.90. Following the completion of the transaction, the chief executive officer now directly owns 2,556 shares in the company, valued at $1,960,579.80. This trade represents a 33.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 105,516 shares of company stock worth $92,377,637 in the last quarter. 1.76% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

NFLX has been the subject of several recent analyst reports. Morgan Stanley raised their target price on Netflix from $1,050.00 to $1,150.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 22nd. Barclays upgraded shares of Netflix from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $715.00 to $900.00 in a report on Wednesday, January 22nd. Wedbush reissued an “outperform” rating and issued a $1,150.00 target price (up previously from $950.00) on shares of Netflix in a research report on Wednesday, January 22nd. Canaccord Genuity Group upgraded Netflix from a “hold” rating to a “buy” rating and boosted their price objective for the company from $940.00 to $1,150.00 in a report on Wednesday, January 22nd. Finally, Wells Fargo & Company lifted their target price on Netflix from $758.00 to $797.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Ten analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Netflix currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.70.

Netflix Price Performance

Shares of NASDAQ NFLX opened at $973.24 on Friday. 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 1-year low of $542.01 and a 1-year high of $999.00. The company has a fifty day moving average price of $903.09 and a 200 day moving average price of $775.54. The firm has a market cap of $416.31 billion, a PE ratio of 49.08, a PEG ratio of 2.03 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. The business had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10.14 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The firm’s revenue was up 16.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.11 EPS. Research analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

About Netflix

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.