Wealthspire Advisors LLC Acquires 394 Shares of Netflix, Inc. (NASDAQ:NFLX)

Wealthspire Advisors LLC lifted its holdings in Netflix, Inc. (NASDAQ:NFLX) by 4.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 9,280 shares of the Internet television network’s stock after purchasing an additional 394 shares during the period. Wealthspire Advisors LLC’s holdings in Netflix were worth $8,271,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Tradewinds Capital Management LLC lifted its position in shares of Netflix by 25.0% in the fourth quarter. Tradewinds Capital Management LLC now owns 75 shares of the Internet television network’s stock worth $67,000 after purchasing an additional 15 shares in the last quarter. LWM Advisory Services LLC raised its position in Netflix by 9.5% during the fourth quarter. LWM Advisory Services LLC now owns 369 shares of the Internet television network’s stock worth $328,000 after acquiring an additional 32 shares in the last quarter. FPC Investment Advisory Inc. raised its position in Netflix by 628.6% during the fourth quarter. FPC Investment Advisory Inc. now owns 51 shares of the Internet television network’s stock worth $50,000 after acquiring an additional 44 shares in the last quarter. JBR Co Financial Management Inc raised its position in Netflix by 3.6% during the fourth quarter. JBR Co Financial Management Inc now owns 433 shares of the Internet television network’s stock worth $386,000 after acquiring an additional 15 shares in the last quarter. Finally, Fisher Funds Management LTD bought a new stake in Netflix during the fourth quarter worth $85,660,000. Institutional investors own 80.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on NFLX. Oppenheimer upped their price target on shares of Netflix from $1,040.00 to $1,150.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 22nd. Canaccord Genuity Group raised shares of Netflix from a “hold” rating to a “buy” rating and upped their price target for the stock from $940.00 to $1,150.00 in a research report on Wednesday, January 22nd. StockNews.com lowered shares of Netflix from a “buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Arete Research upgraded shares of Netflix to a “hold” rating in a report on Thursday, January 23rd. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $1,175.00 price objective (up from $1,000.00) on shares of Netflix in a report on Wednesday, January 22nd. Ten research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $1,021.70.

Insider Transactions at Netflix

In other news, Director Strive Masiyiwa sold 2,813 shares of the stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $1,007.87, for a total value of $2,835,138.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gregory K. Peters sold 4,939 shares of the stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $1,030.00, for a total transaction of $5,087,170.00. Following the completion of the transaction, the chief executive officer now directly owns 12,950 shares of the company’s stock, valued at $13,338,500. This trade represents a 27.61 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 303,220 shares of company stock valued at $289,856,164. 1.76% of the stock is currently owned by insiders.

Netflix Trading Down 2.1 %

Shares of Netflix stock opened at $1,003.15 on Friday. The company has a market capitalization of $429.10 billion, a price-to-earnings ratio of 50.59, a PEG ratio of 2.12 and a beta of 1.27. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. Netflix, Inc. has a 12-month low of $542.01 and a 12-month high of $1,064.50. The firm’s 50-day moving average price is $940.55 and its two-hundred day moving average price is $819.90.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data 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. 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 for the quarter was up 16.0% on a year-over-year basis. During the same period in the prior year, the company posted $2.11 earnings per share. 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.