New Age Alpha Advisors LLC Increases Stock Position in Netflix, Inc. (NASDAQ:NFLX)

New Age Alpha Advisors LLC increased its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 23,012.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,698 shares of the Internet television network’s stock after buying an additional 3,682 shares during the period. New Age Alpha Advisors LLC’s holdings in Netflix were worth $3,296,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in NFLX. Pathway Financial Advisers LLC boosted its stake in shares of Netflix by 82.4% during the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network’s stock valued at $27,000 after buying an additional 14 shares during the last quarter. Newton One Investments LLC bought a new position in Netflix during the 4th quarter valued at $34,000. Pineridge Advisors LLC grew its holdings in Netflix by 4,000.0% during the 4th quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network’s stock worth $37,000 after acquiring an additional 40 shares in the last quarter. Princeton Global Asset Management LLC increased its position in shares of Netflix by 51.6% in the 4th quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network’s stock worth $42,000 after purchasing an additional 16 shares during the last quarter. Finally, Decker Retirement Planning Inc. acquired a new stake in shares of Netflix in the 4th quarter valued at about $43,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Buying and Selling at Netflix

In related news, CAO Jeffrey William Karbowski sold 480 shares of Netflix stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $978.18, for a total value of $469,526.40. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Ann Mather sold 2,682 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $973.00, for a total transaction of $2,609,586.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 288,583 shares of company stock valued at $279,611,567. Corporate insiders own 1.76% of the company’s stock.

Netflix Price Performance

NASDAQ:NFLX opened at $933.85 on Friday. 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’s 50-day moving average price is $971.74 and its 200 day moving average price is $868.10. Netflix, Inc. has a 52-week low of $542.01 and a 52-week high of $1,064.50. The firm has a market cap of $399.46 billion, a P/E ratio of 47.09, a PEG ratio of 2.12 and a beta of 1.38.

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 the consensus estimate 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 for the quarter, compared to analysts’ expectations of $10.14 billion. During the same quarter in the previous year, the company posted $2.11 EPS. The business’s revenue was up 16.0% compared to the same quarter last year. As a group, sell-side analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. The Goldman Sachs Group lifted their price target on Netflix from $850.00 to $960.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 22nd. Wedbush reiterated an “outperform” rating and issued a $1,150.00 price target (up from $950.00) on shares of Netflix in a report on Wednesday, January 22nd. Canaccord Genuity Group upgraded Netflix from a “hold” rating to a “buy” rating and raised their price objective for the stock from $940.00 to $1,150.00 in a research note on Wednesday, January 22nd. Seaport Res Ptn upgraded shares of Netflix from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 15th. Finally, KeyCorp raised their price target on shares of Netflix from $1,000.00 to $1,100.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. Ten investment analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.02.

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.