Foundations Investment Advisors LLC Has $1.73 Million Stock Position in Netflix, Inc. (NASDAQ:NFLX)


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Foundations Investment Advisors LLC grew its stake in Netflix, Inc. (NASDAQ:NFLX) by 17.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,154 shares of the Internet television network’s stock after purchasing an additional 462 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Netflix were worth $1,725,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of NFLX. NuWave Investment Management LLC lifted its stake in shares of Netflix by 411.1% in the 4th quarter. NuWave Investment Management LLC now owns 46 shares of the Internet television network’s stock valued at $25,000 after purchasing an additional 37 shares during the period. Addison Advisors LLC acquired a new position in shares of Netflix in the 4th quarter valued at $27,000. ShoreHaven Wealth Partners LLC acquired a new position in shares of Netflix in the 4th quarter valued at $27,000. Valley Brook Capital Group acquired a new position in shares of Netflix in the 4th quarter valued at $27,000. Finally, Litman Gregory Asset Management LLC acquired a new position in shares of Netflix in the 4th quarter valued at $30,000. 79.71% of the stock is currently owned by institutional investors.

Shares of NASDAQ NFLX opened at $555.31 on Friday. The stock has a market capitalization of $245.94 billion, a price-to-earnings ratio of 89.57, a PEG ratio of 1.86 and a beta of 0.92. The business has a 50-day moving average of $526.72 and a 200-day moving average of $517.56. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.24 and a quick ratio of 1.24. Netflix, Inc. has a fifty-two week low of $367.70 and a fifty-two week high of $593.29.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Monday, January 18th. The Internet television network reported $1.19 EPS for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.19). Netflix had a return on equity of 31.48% and a net margin of 11.78%. The business had revenue of $6.64 billion for the quarter, compared to the consensus estimate of $6.62 billion. During the same quarter in the previous year, the business posted $1.30 EPS. The company’s revenue for the quarter was up 21.5% on a year-over-year basis. On average, sell-side analysts expect that Netflix, Inc. will post 6.27 EPS for the current year.

NFLX has been the topic of a number of analyst reports. Piper Sandler initiated coverage on Netflix in a research note on Thursday, April 1st. They issued an “overweight” rating and a $605.00 price target on the stock. Wells Fargo & Company raised Netflix from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $510.00 to $700.00 in a research note on Wednesday, January 20th. Credit Suisse Group raised their price objective on Netflix from $525.00 to $586.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 20th. Deutsche Bank Aktiengesellschaft raised their price objective on Netflix from $580.00 to $600.00 and gave the stock a “buy” rating in a research note on Wednesday, January 20th. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $700.00 price objective on shares of Netflix in a research note on Monday, March 15th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and twenty-six have issued a buy rating to the stock. Netflix presently has an average rating of “Buy” and a consensus price target of $587.45.

In related news, insider Jessica Neal sold 476 shares of Netflix stock in a transaction dated Wednesday, January 20th. The stock was sold at an average price of $564.29, for a total transaction of $268,602.04. Following the completion of the transaction, the insider now owns 476 shares in the company, valued at $268,602.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jay C. Hoag sold 3,578 shares of Netflix stock in a transaction dated Monday, February 8th. The stock was sold at an average price of $553.16, for a total value of $1,979,206.48. The disclosure for this sale can be found here. Insiders have sold 5,028 shares of company stock valued at $2,782,466 in the last quarter. 3.40% of the stock is currently owned by corporate insiders.

Netflix Company Profile

Netflix, Inc provides entertainment services. It offers TV series, documentaries, and feature films across various genres and languages. The company provides members the ability to receive streaming content through a host of Internet-connected devices, including TVs, digital video players, television set-top boxes, and mobile devices.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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