Old Port Advisors Acquires 20 Shares of Netflix, Inc. (NASDAQ:NFLX)

Old Port Advisors grew its holdings in Netflix, Inc. (NASDAQ:NFLX) by 3.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 618 shares of the Internet television network’s stock after buying an additional 20 shares during the quarter. Old Port Advisors’ holdings in Netflix were worth $551,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in NFLX. Independent Solutions Wealth Management LLC lifted its position in shares of Netflix by 10.8% in the 3rd quarter. Independent Solutions Wealth Management LLC now owns 2,131 shares of the Internet television network’s stock worth $1,512,000 after purchasing an additional 208 shares during the period. SMART Wealth LLC purchased a new stake in Netflix in the third quarter worth about $414,000. Lord Abbett & CO. LLC boosted its position in Netflix by 20.0% during the 3rd quarter. Lord Abbett & CO. LLC now owns 291,259 shares of the Internet television network’s stock valued at $206,581,000 after acquiring an additional 48,538 shares in the last quarter. DGS Capital Management LLC grew its holdings in shares of Netflix by 5.2% during the 3rd quarter. DGS Capital Management LLC now owns 1,931 shares of the Internet television network’s stock worth $1,370,000 after acquiring an additional 95 shares during the period. Finally, Oddo BHF Asset Management Sas bought a new position in shares of Netflix in the 3rd quarter worth approximately $21,594,000. 80.93% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

NFLX has been the topic of several research reports. UBS Group lifted their price target on Netflix from $825.00 to $1,040.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Canaccord Genuity Group boosted their target price on shares of Netflix from $760.00 to $940.00 and gave the company a “hold” rating in a report on Monday, December 2nd. Piper Sandler reiterated an “overweight” rating and issued a $840.00 price target (up from $800.00) on shares of Netflix in a research note on Friday, October 18th. Citigroup lifted their price target on shares of Netflix from $725.00 to $920.00 and gave the company a “neutral” rating in a research report on Thursday, December 5th. Finally, Wolfe Research restated an “outperform” rating on shares of Netflix in a report on Friday, October 18th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-four have assigned a buy rating to the company. According to data from MarketBeat.com, Netflix presently has an average rating of “Moderate Buy” and an average target price of $807.70.

Insider Buying and Selling at Netflix

In other Netflix news, Director Leslie J. Kilgore sold 383 shares of the stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $730.00, for a total value of $279,590.00. Following the completion of the sale, the director now owns 35,262 shares in the company, valued at approximately $25,741,260. This represents a 1.07 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Timothy M. Haley sold 11,090 shares of the business’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $757.96, for a total value of $8,405,776.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 114,893 shares of company stock valued at $93,859,830. Company insiders own 1.76% of the company’s stock.

Netflix Stock Performance

NASDAQ NFLX traded down $0.71 during trading hours on Thursday, hitting $890.61. 669,453 shares of the company’s stock traded hands, compared to its average volume of 3,583,552. Netflix, Inc. has a 52 week low of $465.77 and a 52 week high of $941.75. The firm has a market capitalization of $380.70 billion, a P/E ratio of 50.40, a P/E/G ratio of 1.77 and a beta of 1.27. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. The business’s fifty day moving average price is $861.40 and its two-hundred day moving average price is $743.72.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.09 by $0.31. The firm had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.77 billion. Netflix had a net margin of 20.70% and a return on equity of 35.86%. Equities research analysts predict that Netflix, Inc. will post 19.78 EPS for the current year.

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.