Netflix, Inc. (NASDAQ:NFLX) Shares Acquired by Stratos Wealth Advisors LLC

Stratos Wealth Advisors LLC increased its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 1.5% in the 4th quarter, HoldingsChannel reports. The firm owned 4,335 shares of the Internet television network’s stock after purchasing an additional 66 shares during the period. Stratos Wealth Advisors LLC’s holdings in Netflix were worth $3,864,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. AMF Tjanstepension AB lifted its stake in Netflix by 7.4% in the third quarter. AMF Tjanstepension AB now owns 68,460 shares of the Internet television network’s stock worth $48,557,000 after acquiring an additional 4,701 shares during the last quarter. Czech National Bank increased its holdings in Netflix by 6.5% in the third quarter. Czech National Bank now owns 87,425 shares of the Internet television network’s stock valued at $62,008,000 after buying an additional 5,312 shares during the last quarter. Smith Anglin Financial LLC raised its stake in Netflix by 28.4% in the third quarter. Smith Anglin Financial LLC now owns 457 shares of the Internet television network’s stock valued at $324,000 after buying an additional 101 shares in the last quarter. City Center Advisors LLC lifted its holdings in Netflix by 6.0% during the 3rd quarter. City Center Advisors LLC now owns 845 shares of the Internet television network’s stock worth $599,000 after buying an additional 48 shares during the last quarter. Finally, Versant Capital Management Inc increased its holdings in shares of Netflix by 15.3% in the 3rd quarter. Versant Capital Management Inc now owns 468 shares of the Internet television network’s stock valued at $332,000 after acquiring an additional 62 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Stock Performance

NASDAQ:NFLX opened at $994.87 on Wednesday. Netflix, Inc. has a twelve month low of $542.01 and a twelve month high of $1,008.00. The company has a market capitalization of $425.57 billion, a P/E ratio of 50.17, a price-to-earnings-growth ratio of 2.02 and a beta of 1.27. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. The firm has a 50-day moving average price of $906.93 and a two-hundred day moving average price of $781.90.

Netflix (NASDAQ:NFLX) last posted its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (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 analyst estimates of $10.14 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. Netflix’s revenue was up 16.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.11 EPS. As a group, research analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on NFLX shares. Robert W. Baird upped their price target on Netflix from $875.00 to $1,200.00 and gave the company an “outperform” rating in a report on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Netflix from $650.00 to $875.00 and gave the stock a “hold” rating in a research note on Wednesday, January 22nd. Citigroup upped their price objective 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. Wedbush reiterated an “outperform” rating and set a $1,150.00 target price (up previously from $950.00) on shares of Netflix in a research report on Wednesday, January 22nd. Finally, Wolfe Research upgraded Netflix from a “peer perform” rating to an “outperform” rating and set a $1,100.00 price target on the stock in a research note on Thursday, January 23rd. Ten 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 company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,021.70.

Insider Buying and Selling

In other Netflix news, CEO Gregory K. Peters sold 102,228 shares of Netflix stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $980.74, for a total value of $100,259,088.72. Following the completion of the sale, the chief executive officer now directly owns 12,950 shares of the company’s stock, valued at approximately $12,700,583. The trade was a 88.76 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Jeffrey William Karbowski sold 480 shares of the business’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $986.75, for a total value of $473,640.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 281,026 shares of company stock worth $267,211,135. 1.76% of the stock is owned by corporate insiders.

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.