Flagship Wealth Advisors LLC Makes New Investment in Netflix, Inc. (NASDAQ:NFLX)

Flagship Wealth Advisors LLC purchased a new position in shares of Netflix, Inc. (NASDAQ:NFLX) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 660 shares of the Internet television network’s stock, valued at approximately $588,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cozad Asset Management Inc. increased its holdings in shares of Netflix by 11.8% during the fourth quarter. Cozad Asset Management Inc. now owns 1,025 shares of the Internet television network’s stock worth $914,000 after buying an additional 108 shares in the last quarter. Horizon Kinetics Asset Management LLC increased its holdings in shares of Netflix by 2.9% during the fourth quarter. Horizon Kinetics Asset Management LLC now owns 386 shares of the Internet television network’s stock worth $344,000 after buying an additional 11 shares in the last quarter. Curio Wealth LLC acquired a new stake in shares of Netflix during the fourth quarter worth approximately $169,000. Cassady Schiller Wealth Management LLC increased its holdings in shares of Netflix by 54.2% during the fourth quarter. Cassady Schiller Wealth Management LLC now owns 74 shares of the Internet television network’s stock worth $66,000 after buying an additional 26 shares in the last quarter. Finally, Parallel Advisors LLC increased its holdings in shares of Netflix by 2.6% during the fourth quarter. Parallel Advisors LLC now owns 25,693 shares of the Internet television network’s stock worth $22,901,000 after buying an additional 645 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

Netflix Trading Up 3.1 %

NFLX opened at $918.00 on Monday. The stock has a market capitalization of $392.68 billion, a P/E ratio of 46.29, a P/E/G ratio of 2.12 and a beta of 1.38. Netflix, Inc. has a 12 month low of $542.01 and a 12 month high of $1,064.50. The firm’s fifty day simple moving average is $951.04 and its 200 day simple moving average is $849.90. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, beating the consensus estimate 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 net margin of 22.34% and a return on equity of 38.32%. The firm’s revenue was up 16.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.11 EPS. As a group, research analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Activity at Netflix

In other Netflix news, Director Richard N. Barton sold 6,364 shares of the business’s stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $879.38, for a total transaction of $5,596,374.32. Following the sale, the director now directly owns 246 shares of the company’s stock, valued at $216,327.48. The trade was a 96.28 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Gregory K. Peters sold 102,228 shares of the business’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $980.74, for a total transaction of $100,259,088.72. Following the sale, the chief executive officer now directly owns 12,950 shares in the company, valued at $12,700,583. This trade represents a 88.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 288,103 shares of company stock valued at $279,142,041. 1.76% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

NFLX has been the subject of several recent analyst reports. Evercore ISI raised their price objective on shares of Netflix from $950.00 to $1,100.00 and gave the stock an “outperform” rating in a report on Wednesday, January 22nd. Phillip Securities lowered shares of Netflix from a “hold” rating to a “moderate sell” rating in a report on Friday, January 24th. Morgan Stanley raised their price target on shares of Netflix from $1,050.00 to $1,150.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. Canaccord Genuity Group raised shares of Netflix from a “hold” rating to a “buy” rating and raised their price target for the company from $940.00 to $1,150.00 in a report on Wednesday, January 22nd. Finally, UBS Group reissued a “buy” rating on shares of Netflix in a report on Monday, March 10th. Ten investment 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. Based on data from MarketBeat, Netflix presently has an average rating of “Moderate Buy” and an average target price of $1,014.26.

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.