Netflix, Inc. (NASDAQ:NFLX) Shares Acquired by Global Retirement Partners LLC

Global Retirement Partners LLC increased its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 10.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,039 shares of the Internet television network’s stock after acquiring an additional 969 shares during the quarter. Global Retirement Partners LLC’s holdings in Netflix were worth $8,948,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. DSM Capital Partners LLC raised its position in shares of Netflix by 7.8% during the 4th quarter. DSM Capital Partners LLC now owns 235 shares of the Internet television network’s stock valued at $209,000 after buying an additional 17 shares during the period. Convergence Investment Partners LLC raised its position in Netflix by 68.1% in the fourth quarter. Convergence Investment Partners LLC now owns 2,429 shares of the Internet television network’s stock valued at $2,165,000 after purchasing an additional 984 shares during the period. Atlas Legacy Advisors LLC acquired a new position in shares of Netflix in the 4th quarter valued at $430,000. Klingman & Associates LLC grew its holdings in shares of Netflix by 10.2% during the 4th quarter. Klingman & Associates LLC now owns 1,153 shares of the Internet television network’s stock worth $1,028,000 after purchasing an additional 107 shares during the period. Finally, Callahan Advisors LLC acquired a new stake in shares of Netflix during the 4th quarter worth about $265,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Insider Activity

In other news, CAO Jeffrey William Karbowski sold 160 shares of the company’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $1,000.00, for a total value of $160,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Gregory K. Peters sold 102,228 shares of the firm’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $980.74, for a total value of $100,259,088.72. Following the transaction, the chief executive officer now directly owns 12,950 shares in the company, valued at approximately $12,700,583. This represents a 88.76 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 303,220 shares of company stock valued at $289,856,164. 1.76% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

NFLX has been the topic of a number of recent analyst reports. Phillip Securities cut shares of Netflix from a “hold” rating to a “moderate sell” rating in a research report on Friday, January 24th. Citigroup upped their price objective on shares of Netflix from $725.00 to $920.00 and gave the stock a “neutral” rating in a report on Thursday, December 5th. Needham & Company LLC boosted their target price on Netflix from $800.00 to $1,150.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. StockNews.com lowered Netflix from a “buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $1,100.00 price objective (up previously from $950.00) on shares of Netflix in a report on Wednesday, January 22nd. Ten investment 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.70.

Netflix Price Performance

Shares of NASDAQ:NFLX opened at $1,035.85 on Wednesday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. Netflix, Inc. has a 12 month low of $542.01 and a 12 month high of $1,064.50. The firm has a market capitalization of $443.10 billion, a P/E ratio of 52.24, a P/E/G ratio of 2.19 and a beta of 1.27. The company’s fifty day moving average price is $934.75 and its 200 day moving average price is $812.56.

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

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.