RFG Holdings Inc. Increases Position in Netflix, Inc. (NASDAQ:NFLX)

RFG Holdings Inc. increased its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 7.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,184 shares of the Internet television network’s stock after purchasing an additional 83 shares during the period. Netflix accounts for approximately 0.4% of RFG Holdings Inc.’s portfolio, making the stock its 27th largest position. RFG Holdings Inc.’s holdings in Netflix were worth $1,055,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of NFLX. RPg Family Wealth Advisory LLC acquired a new position in Netflix in the third quarter valued at approximately $25,000. E Fund Management Hong Kong Co. Ltd. grew its position in shares of Netflix by 700.0% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock valued at $34,000 after buying an additional 42 shares during the last quarter. Newton One Investments LLC acquired a new stake in Netflix during the 4th quarter worth $34,000. MidAtlantic Capital Management Inc. acquired a new position in Netflix in the third quarter valued at $37,000. Finally, FSA Wealth Management LLC acquired a new stake in shares of Netflix during the third quarter worth about $38,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Timothy M. Haley sold 647 shares of Netflix stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $800.19, for a total value of $517,722.93. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Anne M. Sweeney sold 589 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $880.00, for a total transaction of $518,320.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 246,710 shares of company stock worth $233,561,836. Insiders own 1.76% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. The Goldman Sachs Group boosted their price objective on Netflix from $850.00 to $960.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. Piper Sandler restated an “overweight” rating and issued a $1,100.00 price objective (up from $950.00) on shares of Netflix in a research note on Wednesday, January 22nd. Jefferies Financial Group boosted their price target on Netflix from $780.00 to $800.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Barclays raised Netflix from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $715.00 to $900.00 in a research note on Wednesday, January 22nd. Finally, Loop Capital lifted their target price on Netflix from $925.00 to $1,000.00 and gave the company a “hold” rating in a research note on Wednesday, January 22nd. Ten research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,021.70.

Netflix Stock Up 2.1 %

Shares of NASDAQ NFLX opened at $999.89 on Tuesday. Netflix, Inc. has a 12-month low of $542.01 and a 12-month high of $999.00. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. The company has a market cap of $427.71 billion, a P/E ratio of 50.05, a P/E/G ratio of 2.02 and a beta of 1.27. The stock has a fifty day moving average price of $904.67 and a 200 day moving average price of $779.53.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $10.14 billion. During the same quarter in the previous year, the firm posted $2.11 earnings per share. The company’s revenue was up 16.0% compared to the same quarter last year. Research analysts anticipate that Netflix, Inc. will post 24.58 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.