Adamsbrown Wealth Consultants LLC Has $439,000 Stake in Netflix, Inc. (NASDAQ:NFLX)

Adamsbrown Wealth Consultants LLC lifted its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 5.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 492 shares of the Internet television network’s stock after buying an additional 27 shares during the period. Adamsbrown Wealth Consultants LLC’s holdings in Netflix were worth $439,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Stock Yards Bank & Trust Co. raised its holdings in Netflix by 3.8% in the fourth quarter. Stock Yards Bank & Trust Co. now owns 2,605 shares of the Internet television network’s stock worth $2,322,000 after purchasing an additional 95 shares during the period. Alterna Wealth Management Inc. raised its holdings in Netflix by 10.9% in the fourth quarter. Alterna Wealth Management Inc. now owns 459 shares of the Internet television network’s stock worth $409,000 after purchasing an additional 45 shares during the period. CENTRAL TRUST Co raised its holdings in Netflix by 3.4% in the fourth quarter. CENTRAL TRUST Co now owns 2,999 shares of the Internet television network’s stock worth $2,673,000 after purchasing an additional 100 shares during the period. McAdam LLC increased its position in shares of Netflix by 7.5% during the fourth quarter. McAdam LLC now owns 1,643 shares of the Internet television network’s stock worth $1,464,000 after acquiring an additional 114 shares in the last quarter. Finally, Pacific Sage Partners LLC increased its position in shares of Netflix by 27.7% during the fourth quarter. Pacific Sage Partners LLC now owns 1,488 shares of the Internet television network’s stock worth $1,326,000 after acquiring an additional 323 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Netflix Trading Up 0.4 %

Shares of Netflix stock opened at $976.76 on Monday. Netflix, Inc. has a 1 year low of $542.01 and a 1 year high of $999.00. The firm has a market cap of $417.82 billion, a PE ratio of 49.26, a PEG ratio of 2.02 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. The company has a 50 day simple moving average of $904.67 and a two-hundred day simple moving average of $778.61.

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

Insider Buying and Selling

In other Netflix news, Director Jay C. Hoag sold 617 shares of Netflix stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $979.71, for a total value of $604,481.07. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Timothy M. Haley sold 11,090 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $757.96, for a total value of $8,405,776.40. The disclosure for this sale can be found here. Insiders have sold a total of 105,516 shares of company stock worth $92,377,637 in the last quarter. Corporate insiders own 1.76% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Wedbush reissued an “outperform” rating and set a $1,150.00 price objective (up previously from $950.00) on shares of Netflix in a research report on Wednesday, January 22nd. KeyCorp raised their target price on shares of Netflix from $1,000.00 to $1,100.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. Needham & Company LLC raised their target price on shares of Netflix from $800.00 to $1,150.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. JPMorgan Chase & Co. raised their target price on shares of Netflix from $1,000.00 to $1,150.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. Finally, Pivotal Research raised their target price on shares of Netflix from $1,100.00 to $1,250.00 and gave the company 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 issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $1,021.70.

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.