Netflix, Inc. (NASDAQ:NFLX) Shares Bought by Gallacher Capital Management LLC

Gallacher Capital Management LLC raised its position in Netflix, Inc. (NASDAQ:NFLX) by 11.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 374 shares of the Internet television network’s stock after acquiring an additional 38 shares during the period. Gallacher Capital Management LLC’s holdings in Netflix were worth $333,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in NFLX. Swedbank AB raised its stake in shares of Netflix by 1.8% in the 3rd quarter. Swedbank AB now owns 465,208 shares of the Internet television network’s stock valued at $329,958,000 after acquiring an additional 8,024 shares during the period. Principal Financial Group Inc. raised its stake in shares of Netflix by 13.3% in the 3rd quarter. Principal Financial Group Inc. now owns 1,692,563 shares of the Internet television network’s stock valued at $1,200,485,000 after acquiring an additional 198,148 shares during the period. Signature Estate & Investment Advisors LLC raised its stake in shares of Netflix by 10.4% in the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 519 shares of the Internet television network’s stock valued at $368,000 after acquiring an additional 49 shares during the period. Schneider Downs Wealth Management Advisors LP purchased a new stake in Netflix during the 3rd quarter worth approximately $480,000. Finally, WESPAC Advisors SoCal LLC increased its stake in Netflix by 101.5% during the 3rd quarter. WESPAC Advisors SoCal LLC now owns 3,856 shares of the Internet television network’s stock worth $2,735,000 after buying an additional 1,942 shares during the period. 80.93% of the stock is owned by hedge funds and other institutional investors.

Netflix Stock Up 3.1 %

Shares of NASDAQ:NFLX opened at $918.00 on Monday. The stock has a market cap of $392.68 billion, a P/E ratio of 46.29, a P/E/G ratio of 2.12 and a beta of 1.38. The firm has a fifty day moving average price of $951.04 and a 200 day moving average price of $849.90. 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, Inc. has a 1-year low of $542.01 and a 1-year high of $1,064.50.

Netflix (NASDAQ:NFLX) last issued its quarterly 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 firm had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $10.14 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. Netflix’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.11 EPS. Sell-side analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.

Analyst Upgrades and Downgrades

NFLX has been the topic of several recent research reports. Benchmark raised shares of Netflix from a “sell” rating to a “hold” rating in a research note on Wednesday, January 22nd. Piper Sandler reaffirmed an “overweight” rating and set a $1,100.00 target price (up from $950.00) on shares of Netflix in a research note on Wednesday, January 22nd. Argus upped their target price on shares of Netflix from $840.00 to $1,040.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Wedbush reaffirmed an “outperform” rating and set a $1,150.00 target price (up from $950.00) on shares of Netflix in a research note on Wednesday, January 22nd. Finally, Robert W. Baird upped their target price on shares of Netflix from $875.00 to $1,200.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 22nd. Ten equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Netflix has an average rating of “Moderate Buy” and an average target price of $1,014.26.

Insiders Place Their Bets

In other Netflix news, CEO Gregory K. Peters sold 4,939 shares of the company’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $1,030.00, for a total transaction of $5,087,170.00. Following the completion of the transaction, the chief executive officer now owns 12,950 shares in the company, valued at approximately $13,338,500. This represents a 27.61 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Jeffrey William Karbowski sold 480 shares of the company’s stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $986.75, for a total transaction of $473,640.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 288,103 shares of company stock worth $279,142,041. 1.76% of the stock is 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.