Netflix, Inc. (NASDAQ:NFLX) Shares Bought by Rockline Wealth Management LLC

Rockline Wealth Management LLC boosted its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 3.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,844 shares of the Internet television network’s stock after acquiring an additional 128 shares during the quarter. Rockline Wealth Management LLC’s holdings in Netflix were worth $3,426,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in NFLX. RPg Family Wealth Advisory LLC purchased a new stake in shares of Netflix during the 3rd quarter worth $25,000. Princeton Global Asset Management LLC lifted its holdings in Netflix by 51.6% during the 4th quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network’s stock worth $42,000 after buying an additional 16 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. boosted its position in shares of Netflix by 700.0% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after acquiring an additional 42 shares in the last quarter. Decker Retirement Planning Inc. purchased a new position in shares of Netflix in the 4th quarter valued at about $43,000. Finally, EMC Capital Management acquired a new stake in shares of Netflix during the 4th quarter worth about $45,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Activity

In related news, CFO Spencer Adam Neumann sold 433 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $772.10, for a total transaction of $334,319.30. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Anne M. Sweeney sold 589 shares of Netflix stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $880.00, for a total transaction of $518,320.00. The disclosure for this sale can be found here. Insiders have sold 246,710 shares of company stock worth $233,561,836 over the last three months. 1.76% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

NFLX has been the topic of several recent analyst reports. Barclays upgraded shares of Netflix from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $715.00 to $900.00 in a research note on Wednesday, January 22nd. TD Cowen lifted their price target on shares of Netflix from $820.00 to $835.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Wolfe Research upgraded shares of Netflix from a “peer perform” rating to an “outperform” rating and set a $1,100.00 price objective for the company in a research note on Thursday, January 23rd. 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, Loop Capital upped their target price on Netflix from $925.00 to $1,000.00 and gave the company a “hold” rating in a research report on Wednesday, January 22nd. Ten equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $1,021.70.

Netflix Trading Up 0.2 %

Shares of NFLX stock opened at $978.94 on Tuesday. Netflix, Inc. has a fifty-two week low of $542.01 and a fifty-two week high of $999.00. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. The business has a fifty day simple moving average of $904.67 and a 200-day simple moving average of $779.53. The stock has a market cap of $418.75 billion, a P/E ratio of 49.37, a P/E/G ratio of 2.02 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last announced its 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 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 analysts’ expectations of $10.14 billion. During the same quarter in the previous year, the business posted $2.11 earnings per share. The firm’s quarterly revenue was up 16.0% compared to the same quarter last year. On average, analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Netflix 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.