Trifecta Capital Advisors LLC Raises Stake in Netflix, Inc. (NASDAQ:NFLX)

Trifecta Capital Advisors LLC lifted its position in Netflix, Inc. (NASDAQ:NFLX) by 304.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 93 shares of the Internet television network’s stock after purchasing an additional 70 shares during the period. Trifecta Capital Advisors LLC’s holdings in Netflix were worth $56,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the company. KFA Private Wealth Group LLC lifted its position in shares of Netflix by 1.9% in the fourth quarter. KFA Private Wealth Group LLC now owns 958 shares of the Internet television network’s stock valued at $466,000 after acquiring an additional 18 shares in the last quarter. Legacy Capital Group California Inc. boosted its stake in Netflix by 0.6% in the 4th quarter. Legacy Capital Group California Inc. now owns 2,833 shares of the Internet television network’s stock worth $1,379,000 after purchasing an additional 18 shares during the period. Founders Financial Alliance LLC boosted its stake in Netflix by 2.4% in the 4th quarter. Founders Financial Alliance LLC now owns 757 shares of the Internet television network’s stock worth $369,000 after purchasing an additional 18 shares during the period. Addison Advisors LLC grew its holdings in Netflix by 7.8% during the 4th quarter. Addison Advisors LLC now owns 276 shares of the Internet television network’s stock valued at $134,000 after buying an additional 20 shares in the last quarter. Finally, PFS Partners LLC raised its position in shares of Netflix by 40.0% during the first quarter. PFS Partners LLC now owns 70 shares of the Internet television network’s stock valued at $43,000 after buying an additional 20 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on NFLX. Piper Sandler upped their target price on shares of Netflix from $550.00 to $600.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th. Jefferies Financial Group restated a “buy” rating and set a $655.00 price objective on shares of Netflix in a research report on Wednesday, May 15th. Macquarie boosted their target price on Netflix from $595.00 to $685.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 16th. Citigroup raised their price target on Netflix from $555.00 to $660.00 and gave the company a “neutral” rating in a report on Monday, March 25th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $725.00 price objective on shares of Netflix in a research note on Monday, May 20th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $633.53.

Insider Buying and Selling at Netflix

In related news, CEO Gregory K. Peters sold 4,783 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $675.00, for a total transaction of $3,228,525.00. Following the completion of the transaction, the chief executive officer now owns 13,090 shares in the company, valued at approximately $8,835,750. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Chairman Reed Hastings sold 20,566 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $610.42, for a total transaction of $12,553,897.72. Following the transaction, the chairman now owns 28 shares in the company, valued at $17,091.76. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Gregory K. Peters sold 4,783 shares of the stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $675.00, for a total transaction of $3,228,525.00. Following the completion of the transaction, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at $8,835,750. The disclosure for this sale can be found here. Insiders have sold 69,425 shares of company stock worth $41,919,791 over the last quarter. Insiders own 1.76% of the company’s stock.

Netflix Stock Down 1.4 %

Shares of NFLX traded down $9.46 during mid-day trading on Friday, hitting $674.88. The company’s stock had a trading volume of 3,412,391 shares, compared to its average volume of 2,746,538. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.62. The company’s 50-day moving average is $628.93 and its 200-day moving average is $583.49. Netflix, Inc. has a 52-week low of $344.73 and a 52-week high of $689.88. The firm has a market capitalization of $290.87 billion, a price-to-earnings ratio of 46.83, a PEG ratio of 1.48 and a beta of 1.26.

Netflix (NASDAQ:NFLX) last posted its earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share for the quarter, topping analysts’ consensus estimates of $4.51 by $0.77. The company had revenue of $9.37 billion during the quarter, compared to analyst estimates of $9.28 billion. Netflix had a return on equity of 29.62% and a net margin of 18.42%. Netflix’s revenue was up 14.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.88 earnings per share. On average, equities research analysts forecast that Netflix, Inc. will post 18.31 EPS for the current fiscal year.

Netflix Company 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.