SPC Financial Inc. Buys 69 Shares of Netflix, Inc. (NASDAQ:NFLX)

SPC Financial Inc. grew its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 21.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 394 shares of the Internet television network’s stock after purchasing an additional 69 shares during the quarter. SPC Financial Inc.’s holdings in Netflix were worth $351,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of NFLX. Swedbank AB raised its position in shares of Netflix by 1.8% during the third quarter. Swedbank AB now owns 465,208 shares of the Internet television network’s stock valued at $329,958,000 after buying an additional 8,024 shares during the last quarter. Moloney Securities Asset Management LLC bought a new stake in shares of Netflix during the third quarter valued at approximately $777,000. United Advisor Group LLC raised its position in shares of Netflix by 23.0% during the third quarter. United Advisor Group LLC now owns 839 shares of the Internet television network’s stock valued at $595,000 after buying an additional 157 shares during the last quarter. Pittenger & Anderson Inc. raised its position in shares of Netflix by 30.5% during the third quarter. Pittenger & Anderson Inc. now owns 2,314 shares of the Internet television network’s stock valued at $1,641,000 after buying an additional 541 shares during the last quarter. Finally, Crestwood Advisors Group LLC increased its position in Netflix by 7.2% in the third quarter. Crestwood Advisors Group LLC now owns 3,027 shares of the Internet television network’s stock worth $2,147,000 after purchasing an additional 203 shares during the last quarter. Institutional investors own 80.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on NFLX shares. Morgan Stanley boosted their price target on shares of Netflix from $1,050.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. Wedbush restated an “outperform” rating and issued a $1,150.00 price target (up previously from $950.00) on shares of Netflix in a research report on Wednesday, January 22nd. StockNews.com cut shares of Netflix from a “buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Piper Sandler restated an “overweight” rating and issued a $1,100.00 price target (up previously from $950.00) on shares of Netflix in a research report on Wednesday, January 22nd. Finally, Bank of America boosted their price target on shares of Netflix from $1,000.00 to $1,175.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Ten equities research 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 stock. According to MarketBeat.com, Netflix presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,021.70.

Netflix Stock Up 1.9 %

NASDAQ:NFLX opened at $990.92 on Thursday. Netflix, Inc. has a 1-year low of $542.01 and a 1-year high of $1,064.50. The company has a 50-day moving average of $950.95 and a 200 day moving average of $838.65. The firm has a market cap of $423.87 billion, a PE ratio of 49.97, a price-to-earnings-growth ratio of 2.12 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 released its quarterly earnings data 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. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The company had revenue of $10.25 billion during the quarter, compared to analyst estimates of $10.14 billion. During the same period in the prior year, the firm earned $2.11 earnings per share. The firm’s revenue for the quarter was up 16.0% compared to the same quarter last year. As a group, research analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insiders Place Their Bets

In other Netflix news, CEO Gregory K. Peters sold 4,939 shares of the business’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $1,030.00, for a total value of $5,087,170.00. Following the completion of the transaction, the chief executive officer now directly owns 12,950 shares in the company, valued at approximately $13,338,500. The trade was a 27.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Richard N. Barton sold 6,364 shares of the business’s stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $879.38, for a total transaction of $5,596,374.32. Following the completion of the transaction, the director now owns 246 shares of the company’s stock, valued at $216,327.48. This represents a 96.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 288,103 shares of company stock worth $279,142,041. 1.76% of the stock is owned by corporate insiders.

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.