Netflix, Inc. (NASDAQ:NFLX) Shares Bought by Alta Wealth Advisors LLC

Alta Wealth Advisors LLC increased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 3.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 493 shares of the Internet television network’s stock after acquiring an additional 17 shares during the period. Alta Wealth Advisors LLC’s holdings in Netflix were worth $439,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of NFLX. Nordea Investment Management AB increased its holdings in Netflix by 22.7% in the 4th quarter. Nordea Investment Management AB now owns 848,150 shares of the Internet television network’s stock worth $760,918,000 after acquiring an additional 156,958 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Netflix by 1.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,579,404 shares of the Internet television network’s stock worth $1,829,494,000 after buying an additional 29,726 shares during the last quarter. Natixis Advisors LLC increased its stake in Netflix by 2.0% during the 3rd quarter. Natixis Advisors LLC now owns 612,458 shares of the Internet television network’s stock worth $434,398,000 after buying an additional 11,921 shares in the last quarter. M&T Bank Corp increased its stake in Netflix by 4.2% during the 3rd quarter. M&T Bank Corp now owns 41,946 shares of the Internet television network’s stock worth $29,751,000 after buying an additional 1,684 shares in the last quarter. Finally, Kestra Investment Management LLC acquired a new position in shares of Netflix during the third quarter valued at approximately $1,517,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Timothy M. Haley sold 11,090 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $757.96, for a total transaction of $8,405,776.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jay C. Hoag sold 617 shares of the company’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $979.71, for a total transaction of $604,481.07. The disclosure for this sale can be found here. Over the last quarter, insiders sold 105,516 shares of company stock worth $92,377,637. Corporate insiders own 1.76% of the company’s stock.

Netflix Trading Down 0.5 %

NASDAQ:NFLX opened at $973.24 on Friday. Netflix, Inc. has a 12-month low of $542.01 and a 12-month high of $999.00. The firm has a market cap of $416.31 billion, a PE ratio of 49.08, a price-to-earnings-growth ratio of 2.03 and a beta of 1.27. The company has a current ratio of 1.22, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56. The stock has a fifty day moving average price of $903.09 and a 200 day moving average price of $775.54.

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, beating the consensus estimate of $4.20 by $0.07. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The business had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $10.14 billion. During the same quarter last year, the business posted $2.11 EPS. The business’s quarterly revenue was up 16.0% compared to the same quarter last year. Sell-side analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently commented on NFLX. Bank of America boosted their price target on Netflix from $1,000.00 to $1,175.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Wolfe Research upgraded shares of Netflix from a “peer perform” rating to an “outperform” rating and set a $1,100.00 target price for the company in a research report on Thursday, January 23rd. Piper Sandler restated an “overweight” rating and set a $1,100.00 price target (up from $950.00) on shares of Netflix in a research report on Wednesday, January 22nd. Barclays upgraded shares of Netflix from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $715.00 to $900.00 in a report on Wednesday, January 22nd. Finally, Oppenheimer upped their price target on Netflix from $1,040.00 to $1,150.00 and gave the company an “outperform” rating in a research report on Wednesday, January 22nd. Ten equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $1,021.70.

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.