Advisory Alpha LLC Grows Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Advisory Alpha LLC raised its stake in Netflix, Inc. (NASDAQ:NFLX) by 9.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,051 shares of the Internet television network’s stock after buying an additional 170 shares during the period. Advisory Alpha LLC’s holdings in Netflix were worth $1,828,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of NFLX. Epoch Investment Partners Inc. raised its holdings in Netflix by 27.1% during the second quarter. Epoch Investment Partners Inc. now owns 544 shares of the Internet television network’s stock worth $367,000 after purchasing an additional 116 shares during the last quarter. Certified Advisory Corp increased its position in shares of Netflix by 7.4% in the second quarter. Certified Advisory Corp now owns 1,156 shares of the Internet television network’s stock valued at $780,000 after buying an additional 80 shares in the last quarter. Public Sector Pension Investment Board boosted its position in shares of Netflix by 80.7% in the 2nd quarter. Public Sector Pension Investment Board now owns 16,273 shares of the Internet television network’s stock worth $10,982,000 after buying an additional 7,267 shares in the last quarter. Evergreen Capital Management LLC grew its stake in Netflix by 2.9% in the 2nd quarter. Evergreen Capital Management LLC now owns 6,552 shares of the Internet television network’s stock valued at $4,422,000 after acquiring an additional 184 shares during the last quarter. Finally, Lombard Odier Asset Management Europe Ltd purchased a new position in Netflix during the 2nd quarter valued at about $3,275,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NFLX has been the topic of several research reports. Piper Sandler increased their price target on shares of Netflix from $840.00 to $950.00 and gave the company an “overweight” rating in a research report on Tuesday, January 14th. Barclays upgraded Netflix from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $715.00 to $900.00 in a report on Wednesday. Jefferies Financial Group boosted their price target on Netflix from $780.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Bank of America increased their price objective on Netflix from $1,000.00 to $1,175.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Citigroup boosted their target price on shares of Netflix from $725.00 to $920.00 and gave the company a “neutral” rating in a research note on Thursday, December 5th. One analyst has rated the stock with a sell rating, eight have given a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $952.30.

Netflix Stock Performance

Shares of NFLX opened at $869.68 on Wednesday. The company has a 50-day moving average of $885.64 and a two-hundred day moving average of $760.81. The stock has a market cap of $371.75 billion, a price-to-earnings ratio of 49.22, a PEG ratio of 1.40 and a beta of 1.27. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13. Netflix, Inc. has a one year low of $479.90 and a one year high of $941.75.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 EPS 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 the consensus estimate of $10,141,900 billion. Netflix had a net margin of 20.70% and a return on equity of 35.86%. The firm’s revenue was up 16.0% on a year-over-year basis. During the same period in the previous year, the firm posted $2.11 earnings per share. On average, equities research analysts expect that Netflix, Inc. will post 19.76 earnings per share for the current year.

Insider Buying and Selling at Netflix

In related news, Chairman Reed Hastings sold 35,868 shares of Netflix stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $888.08, for a total value of $31,853,653.44. Following the transaction, the chairman now owns 114 shares in the company, valued at $101,241.12. This trade represents a 99.68 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Richard N. Barton sold 6,364 shares of Netflix stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $879.38, for a total value of $5,596,374.32. Following the completion of the transaction, the director now owns 246 shares in the company, valued at $216,327.48. The trade was a 96.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 152,198 shares of company stock worth $127,616,898 over the last ninety days. 1.76% of the stock is currently owned by 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.