Alliance Wealth Advisors LLC UT Has $5.48 Million Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Alliance Wealth Advisors LLC UT lifted its holdings in Netflix, Inc. (NASDAQ:NFLX) by 4.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,149 shares of the Internet television network’s stock after purchasing an additional 256 shares during the period. Netflix accounts for about 1.4% of Alliance Wealth Advisors LLC UT’s investment portfolio, making the stock its 11th biggest holding. Alliance Wealth Advisors LLC UT’s holdings in Netflix were worth $5,481,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. International Assets Investment Management LLC increased its position in shares of Netflix by 116,620.0% during the third quarter. International Assets Investment Management LLC now owns 5,753,129 shares of the Internet television network’s stock valued at $4,080,522,000 after purchasing an additional 5,748,200 shares during the period. Assenagon Asset Management S.A. lifted its stake in Netflix by 154.7% during the third quarter. Assenagon Asset Management S.A. now owns 1,058,431 shares of the Internet television network’s stock worth $750,713,000 after purchasing an additional 642,920 shares during the period. State Street Corp boosted its holdings in Netflix by 2.6% during the third quarter. State Street Corp now owns 16,951,347 shares of the Internet television network’s stock valued at $12,023,082,000 after purchasing an additional 426,740 shares in the last quarter. Jennison Associates LLC grew its position in Netflix by 4.7% in the third quarter. Jennison Associates LLC now owns 6,990,874 shares of the Internet television network’s stock valued at $4,958,417,000 after acquiring an additional 316,594 shares during the period. Finally, Westfield Capital Management Co. LP acquired a new position in Netflix in the third quarter valued at about $222,871,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Netflix Price Performance

NFLX stock opened at $978.94 on Tuesday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. Netflix, Inc. has a 52-week low of $542.01 and a 52-week high of $999.00. The company has a market capitalization of $418.75 billion, a P/E ratio of 49.37, a PEG ratio of 2.02 and a beta of 1.27. The company has a fifty day moving average price of $904.67 and a 200-day moving average price of $779.53.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, beating the consensus estimate of $4.20 by $0.07. The company had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $10.14 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The business’s quarterly revenue was up 16.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.11 earnings per share. As a group, equities analysts expect that Netflix, Inc. will post 24.58 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Jefferies Financial Group lifted their price objective on Netflix from $780.00 to $800.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Arete Research raised Netflix to a “hold” rating in a report on Thursday, January 23rd. Piper Sandler reaffirmed an “overweight” rating and set a $1,100.00 price objective (up previously from $950.00) on shares of Netflix in a research note on Wednesday, January 22nd. Citigroup increased their price objective 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, Deutsche Bank Aktiengesellschaft upped their price target on shares of Netflix from $650.00 to $875.00 and gave the company a “hold” rating in a research note on Wednesday, January 22nd. Ten equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $1,021.70.

Insiders Place Their Bets

In related news, CEO Gregory K. Peters sold 102,228 shares of the business’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $980.74, for a total transaction of $100,259,088.72. Following the transaction, the chief executive officer now owns 12,950 shares in the company, valued at $12,700,583. The trade was a 88.76 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Spencer Adam Neumann sold 433 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $772.10, for a total transaction of $334,319.30. The disclosure for this sale can be found here. In the last 90 days, insiders sold 246,710 shares of company stock worth $233,561,836. 1.76% of the stock is currently owned by insiders.

Netflix Profile

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.