Integrity Wealth Solutions LLC Boosts Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Integrity Wealth Solutions LLC increased its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 38.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 717 shares of the Internet television network’s stock after buying an additional 199 shares during the quarter. Integrity Wealth Solutions LLC’s holdings in Netflix were worth $639,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Nilsine Partners LLC boosted its holdings in Netflix by 11.2% in the 4th quarter. Nilsine Partners LLC now owns 4,593 shares of the Internet television network’s stock valued at $4,094,000 after purchasing an additional 463 shares during the last quarter. Berkshire Bank purchased a new stake in shares of Netflix during the 4th quarter valued at approximately $292,000. Lebenthal Global Advisors LLC lifted its holdings in Netflix by 8.9% in the fourth quarter. Lebenthal Global Advisors LLC now owns 1,604 shares of the Internet television network’s stock valued at $1,430,000 after acquiring an additional 131 shares during the last quarter. Foundations Investment Advisors LLC grew its position in Netflix by 19.4% in the fourth quarter. Foundations Investment Advisors LLC now owns 4,132 shares of the Internet television network’s stock worth $3,683,000 after acquiring an additional 670 shares during the period. Finally, Parsons Capital Management Inc. RI increased its stake in Netflix by 6.2% during the fourth quarter. Parsons Capital Management Inc. RI now owns 1,049 shares of the Internet television network’s stock worth $935,000 after acquiring an additional 61 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on NFLX shares. The Goldman Sachs Group upped their price target on Netflix from $850.00 to $960.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. Needham & Company LLC increased their target price on shares of Netflix from $800.00 to $1,150.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Wells Fargo & Company boosted their price target on shares of Netflix from $758.00 to $797.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Canaccord Genuity Group raised shares of Netflix from a “hold” rating to a “buy” rating and increased their price objective for the stock from $940.00 to $1,150.00 in a research report on Wednesday, January 22nd. Finally, Wedbush reissued an “outperform” rating and issued a $1,150.00 target price (up previously from $950.00) on shares of Netflix in a research report on Wednesday, January 22nd. Ten analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,021.70.

Netflix Stock Performance

Shares of NFLX stock opened at $971.89 on Tuesday. The stock’s 50-day moving average is $895.13 and its two-hundred day moving average is $768.18. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 1.22. 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 $415.44 billion, a price-to-earnings ratio of 49.01, a PEG ratio of 1.53 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.20 by $0.07. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The firm had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10,141,900 billion. During the same quarter last year, the business posted $2.11 EPS. The firm’s quarterly revenue was up 16.0% compared to the same quarter last year. Analysts predict that Netflix, Inc. will post 23.72 earnings per share for the current year.

Insider Activity at Netflix

In other Netflix news, Chairman Reed Hastings sold 41,601 shares of Netflix stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $758.06, for a total value of $31,536,054.06. Following the transaction, the chairman now directly owns 85 shares in the company, valued at approximately $64,435.10. This trade represents a 99.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Timothy M. Haley sold 11,090 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The shares were 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 sold a total of 147,117 shares of company stock worth $123,913,691 in the last 90 days. 1.76% of the stock is owned by 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.