Netflix, Inc. (NASDAQ:NFLX) Shares Purchased by Wealth Alliance Advisory Group LLC

Wealth Alliance Advisory Group LLC grew its holdings in Netflix, Inc. (NASDAQ:NFLX) by 2.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 885 shares of the Internet television network’s stock after purchasing an additional 24 shares during the quarter. Wealth Alliance Advisory Group LLC’s holdings in Netflix were worth $788,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Moss Adams Wealth Advisors LLC boosted its position in shares of Netflix by 6.9% during the 4th quarter. Moss Adams Wealth Advisors LLC now owns 1,172 shares of the Internet television network’s stock valued at $1,045,000 after acquiring an additional 76 shares during the last quarter. Kera Capital Partners Inc. purchased a new position in Netflix during the fourth quarter worth about $370,000. Smith Salley Wealth Management boosted its holdings in Netflix by 14.7% in the 4th quarter. Smith Salley Wealth Management now owns 1,706 shares of the Internet television network’s stock valued at $1,521,000 after purchasing an additional 218 shares during the last quarter. Ameritas Advisory Services LLC grew its stake in shares of Netflix by 35.3% in the 4th quarter. Ameritas Advisory Services LLC now owns 3,733 shares of the Internet television network’s stock valued at $3,327,000 after buying an additional 973 shares during the period. Finally, HB Wealth Management LLC increased its holdings in shares of Netflix by 3.2% during the 4th quarter. HB Wealth Management LLC now owns 13,681 shares of the Internet television network’s stock worth $12,195,000 after buying an additional 419 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently issued reports on NFLX shares. Bank of America increased their target price on Netflix from $800.00 to $1,000.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. The Goldman Sachs Group lifted their price objective on Netflix from $750.00 to $850.00 and gave the company a “neutral” rating in a research note on Wednesday, January 8th. Loop Capital reduced their target price on shares of Netflix from $950.00 to $925.00 and set a “hold” rating on the stock in a report on Thursday. Pivotal Research lifted their price objective on shares of Netflix from $925.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Finally, Jefferies Financial Group boosted their target price on shares of Netflix from $780.00 to $800.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Netflix has a consensus rating of “Moderate Buy” and an average price target of $845.06.

Insider Buying and Selling at Netflix

In related news, CEO Theodore A. Sarandos sold 1,278 shares of the stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $767.05, for a total transaction of $980,289.90. Following the transaction, the chief executive officer now directly owns 2,556 shares in the company, valued at approximately $1,960,579.80. This represents a 33.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Richard N. Barton sold 6,364 shares of Netflix stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $879.38, for a total value of $5,596,374.32. Following the completion of the sale, the director now owns 246 shares of the company’s stock, valued at $216,327.48. This trade represents a 96.28 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 152,198 shares of company stock valued at $127,616,898. Insiders own 1.76% of the company’s stock.

Netflix Stock Up 1.9 %

Shares of NASDAQ NFLX opened at $858.10 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62. The firm has a 50-day moving average price of $884.58 and a 200 day moving average price of $758.48. Netflix, Inc. has a 52 week low of $476.06 and a 52 week high of $941.75. The stock has a market capitalization of $366.80 billion, a price-to-earnings ratio of 48.56, a price-to-earnings-growth ratio of 1.35 and a beta of 1.27.

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