Pathway Financial Advisers LLC Purchases 14 Shares of Netflix, Inc. (NASDAQ:NFLX)

Pathway Financial Advisers LLC increased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 82.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31 shares of the Internet television network’s stock after acquiring an additional 14 shares during the period. Pathway Financial Advisers LLC’s holdings in Netflix were worth $27,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. AMF Tjanstepension AB lifted its holdings in shares of Netflix by 7.4% during the third quarter. AMF Tjanstepension AB now owns 68,460 shares of the Internet television network’s stock valued at $48,557,000 after purchasing an additional 4,701 shares in the last quarter. Creative Planning lifted its position in Netflix by 10.8% during the third quarter. Creative Planning now owns 110,551 shares of the Internet television network’s stock valued at $78,410,000 after purchasing an additional 10,782 shares during the period. Swedbank AB boosted its holdings in Netflix by 1.8% in the third quarter. Swedbank AB now owns 465,208 shares of the Internet television network’s stock worth $329,958,000 after purchasing an additional 8,024 shares during the last quarter. Transform Wealth LLC bought a new stake in Netflix in the 3rd quarter worth approximately $628,000. Finally, Fulton Breakefield Broenniman LLC raised its stake in Netflix by 16.6% during the 3rd quarter. Fulton Breakefield Broenniman LLC now owns 15,808 shares of the Internet television network’s stock valued at $11,212,000 after buying an additional 2,252 shares during the last quarter. Institutional investors own 80.93% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on NFLX shares. Wolfe Research upgraded Netflix from a “peer perform” rating to an “outperform” rating and set a $1,100.00 price target on the stock in a research note on Thursday, January 23rd. Jefferies Financial Group upped their price target on shares of Netflix from $780.00 to $800.00 and gave the company a “buy” rating in a research report on Friday, October 18th. BMO Capital Markets reissued an “outperform” rating and issued a $1,175.00 price objective (up previously from $1,000.00) on shares of Netflix in a report on Wednesday, January 22nd. The Goldman Sachs Group upped their target price on shares of Netflix from $850.00 to $960.00 and gave the company a “neutral” rating in a report on Wednesday, January 22nd. Finally, Guggenheim lifted their price target on shares of Netflix from $950.00 to $1,100.00 and gave the stock a “buy” rating in a research note 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 company’s stock. According to data from MarketBeat, Netflix has a consensus rating of “Moderate Buy” and a consensus price target of $1,021.70.

Insider Transactions at Netflix

In other Netflix news, CEO Gregory K. Peters sold 4,939 shares of the company’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $1,030.00, for a total value of $5,087,170.00. Following the transaction, the chief executive officer now owns 12,950 shares of the company’s stock, valued at $13,338,500. This represents a 27.61 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Richard N. Barton sold 6,364 shares of the stock in a transaction on Tuesday, January 7th. The stock was 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 in the company, valued at approximately $216,327.48. The trade was a 96.28 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 303,809 shares of company stock worth $290,374,484. 1.76% of the stock is currently owned by company insiders.

Netflix Stock Performance

NASDAQ:NFLX opened at $1,043.69 on Friday. The company has a market cap of $446.45 billion, a price-to-earnings ratio of 52.63, a PEG ratio of 2.11 and a beta of 1.27. Netflix, Inc. has a 1 year low of $542.01 and a 1 year high of $1,045.99. The stock’s 50 day simple moving average is $924.40 and its two-hundred day simple moving average is $799.32. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, beating the consensus estimate of $4.20 by $0.07. The business had revenue of $10.25 billion during the quarter, compared to analyst estimates of $10.14 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. Netflix’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter last year, the business earned $2.11 earnings per share. As a group, equities analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

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.