Walkner Condon Financial Advisors LLC Grows Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Walkner Condon Financial Advisors LLC grew its position in Netflix, Inc. (NASDAQ:NFLX) by 4.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 734 shares of the Internet television network’s stock after buying an additional 31 shares during the quarter. Walkner Condon Financial Advisors LLC’s holdings in Netflix were worth $654,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Figure 8 Investment Strategies LLC purchased a new position in shares of Netflix in the fourth quarter valued at approximately $3,491,000. Catalyst Financial Partners LLC lifted its holdings in Netflix by 3.0% during the 4th quarter. Catalyst Financial Partners LLC now owns 1,834 shares of the Internet television network’s stock worth $1,635,000 after buying an additional 54 shares in the last quarter. Manchester Financial Inc. purchased a new position in Netflix in the 4th quarter valued at approximately $213,000. Asset Management One Co. Ltd. grew its stake in shares of Netflix by 6.5% in the fourth quarter. Asset Management One Co. Ltd. now owns 206,165 shares of the Internet television network’s stock worth $187,105,000 after acquiring an additional 12,667 shares in the last quarter. Finally, Aljian Capital Management LLC grew its stake in shares of Netflix by 18.4% in the fourth quarter. Aljian Capital Management LLC now owns 9,887 shares of the Internet television network’s stock worth $8,812,000 after acquiring an additional 1,540 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Price Performance

Shares of NASDAQ:NFLX opened at $1,043.69 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. The business’s fifty day moving average price is $924.40 and its two-hundred day moving average price is $799.32. The stock has a market cap of $446.45 billion, a PE ratio of 52.63, a price-to-earnings-growth ratio of 2.11 and a beta of 1.27. Netflix, Inc. has a one year low of $542.01 and a one year high of $1,045.99.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $10.14 billion. During the same quarter last year, the company earned $2.11 earnings per share. The business’s revenue for the quarter was up 16.0% compared to the same quarter last year. On average, analysts forecast that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on NFLX shares. Arete Research upgraded Netflix to a “hold” rating in a report on Thursday, January 23rd. Macquarie lifted their price objective on Netflix from $965.00 to $1,150.00 and gave the company an “outperform” rating in a research note on Wednesday, January 22nd. Citigroup upped their target price on shares of Netflix from $725.00 to $920.00 and gave the stock a “neutral” rating in a research note on Thursday, December 5th. Needham & Company LLC lifted their price target on shares of Netflix from $800.00 to $1,150.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Finally, Oppenheimer boosted their price target on shares of Netflix from $1,040.00 to $1,150.00 and gave the stock an “outperform” rating in a report on Wednesday, January 22nd. Ten investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.70.

Insider Activity at Netflix

In other news, Director Ann Mather sold 2,682 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $973.00, for a total transaction of $2,609,586.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Jeffrey William Karbowski sold 480 shares of the firm’s stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $986.75, for a total transaction of $473,640.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 303,809 shares of company stock valued at $290,374,484. Company insiders own 1.76% of the company’s stock.

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.