WESPAC Advisors LLC Acquires 26 Shares of Netflix, Inc. (NASDAQ:NFLX)

WESPAC Advisors LLC boosted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 6.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 461 shares of the Internet television network’s stock after acquiring an additional 26 shares during the period. WESPAC Advisors LLC’s holdings in Netflix were worth $411,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NFLX. State Street Corp lifted its position in shares of 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 buying an additional 426,740 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Netflix by 1.4% during the third quarter. Geode Capital Management LLC now owns 9,148,356 shares of the Internet television network’s stock valued at $6,464,736,000 after buying an additional 123,029 shares during the last quarter. Jennison Associates LLC lifted its position in shares of Netflix by 4.7% during 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 buying an additional 316,594 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of Netflix by 0.5% during the third quarter. Wellington Management Group LLP now owns 4,897,389 shares of the Internet television network’s stock valued at $3,473,571,000 after buying an additional 23,702 shares during the last quarter. Finally, Fisher Asset Management LLC lifted its position in shares of Netflix by 2.8% during the third quarter. Fisher Asset Management LLC now owns 4,481,939 shares of the Internet television network’s stock valued at $3,178,905,000 after buying an additional 123,987 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors.

Insider Activity at Netflix

In other Netflix news, Director Strive Masiyiwa sold 2,813 shares of Netflix stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $1,007.87, for a total value of $2,835,138.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Gregory K. Peters sold 4,939 shares of Netflix stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $1,030.00, for a total value of $5,087,170.00. Following the completion of the transaction, the chief executive officer now directly owns 12,950 shares of the company’s stock, valued at approximately $13,338,500. This represents a 27.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 303,220 shares of company stock valued at $289,856,164. 1.76% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts have commented on the stock. UBS Group increased their price target on shares of Netflix from $1,040.00 to $1,150.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Sanford C. Bernstein raised shares of Netflix from a “market perform” rating to an “outperform” rating and increased their price target for the company from $975.00 to $1,200.00 in a research report on Friday, January 24th. Wolfe Research raised shares of Netflix from a “peer perform” rating to an “outperform” rating and set a $1,100.00 price target for the company in a research report on Thursday, January 23rd. Oppenheimer increased their price objective on shares of Netflix from $1,040.00 to $1,150.00 and gave the company an “outperform” rating in a research report on Wednesday, January 22nd. Finally, StockNews.com lowered shares of Netflix from a “buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Ten analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Netflix currently has an average rating of “Moderate Buy” and a consensus price target of $1,021.70.

Netflix Price Performance

Shares of NASDAQ NFLX opened at $1,003.15 on Friday. The stock has a market capitalization of $429.10 billion, a price-to-earnings ratio of 50.59, a PEG ratio of 2.12 and a beta of 1.27. Netflix, Inc. has a 12 month low of $542.01 and a 12 month high of $1,064.50. The firm’s 50 day simple moving average is $940.55 and its 200-day simple moving average is $819.90. 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 issued its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, topping analysts’ consensus estimates of $4.20 by $0.07. The business had revenue of $10.25 billion for the quarter, compared to analysts’ expectations of $10.14 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The business’s revenue was up 16.0% on a year-over-year basis. During the same quarter last year, the company earned $2.11 EPS. Analysts expect that Netflix, Inc. will post 24.58 EPS for the current 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.