Ellenbecker Investment Group Invests $232,000 in Netflix, Inc. (NASDAQ:NFLX)

Ellenbecker Investment Group purchased a new position in shares of Netflix, Inc. (NASDAQ:NFLX) in the fourth quarter, Holdings Channel.com reports. The fund purchased 478 shares of the Internet television network’s stock, valued at approximately $232,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Linden Thomas Advisory Services LLC increased its holdings in shares of Netflix by 3.3% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 7,432 shares of the Internet television network’s stock worth $3,618,000 after buying an additional 238 shares during the last quarter. Community Bank & Trust Waco Texas acquired a new stake in Netflix in the 4th quarter valued at approximately $487,000. Illinois Municipal Retirement Fund increased its holdings in Netflix by 13.7% in the 4th quarter. Illinois Municipal Retirement Fund now owns 21,685 shares of the Internet television network’s stock valued at $10,558,000 after purchasing an additional 2,605 shares during the last quarter. RWA Wealth Partners LLC increased its holdings in Netflix by 1,519.3% in the 4th quarter. RWA Wealth Partners LLC now owns 12,890 shares of the Internet television network’s stock valued at $6,276,000 after purchasing an additional 12,094 shares during the last quarter. Finally, Sage Mountain Advisors LLC increased its holdings in Netflix by 3.7% in the 4th quarter. Sage Mountain Advisors LLC now owns 1,989 shares of the Internet television network’s stock valued at $968,000 after purchasing an additional 71 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Buying and Selling at Netflix

In other Netflix news, insider David A. Hyman sold 47,574 shares of Netflix stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $537.92, for a total value of $25,591,006.08. Following the transaction, the insider now directly owns 31,610 shares in the company, valued at $17,003,651.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider David A. Hyman sold 47,574 shares of the business’s stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $537.92, for a total transaction of $25,591,006.08. Following the transaction, the insider now directly owns 31,610 shares in the company, valued at $17,003,651.20. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Gregory K. Peters sold 5,352 shares of the business’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $625.00, for a total transaction of $3,345,000.00. Following the transaction, the chief executive officer now owns 13,090 shares in the company, valued at $8,181,250. The disclosure for this sale can be found here. Over the last three months, insiders have sold 268,335 shares of company stock worth $151,619,811. 2.45% of the stock is owned by company insiders.

Netflix Stock Performance

NFLX traded up $23.15 on Tuesday, reaching $577.75. The company had a trading volume of 4,942,578 shares, compared to its average volume of 4,517,191. Netflix, Inc. has a 1 year low of $315.62 and a 1 year high of $639.00. The stock has a market capitalization of $248.95 billion, a PE ratio of 39.42, a P/E/G ratio of 1.49 and a beta of 1.22. The company has a quick ratio of 1.12, a current ratio of 1.07 and a debt-to-equity ratio of 0.62. The stock has a 50-day moving average price of $605.58 and a 200-day moving average price of $516.27.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share for the quarter, beating analysts’ consensus estimates of $4.51 by $0.77. The firm had revenue of $9.37 billion during the quarter, compared to analysts’ expectations of $9.28 billion. Netflix had a net margin of 18.42% and a return on equity of 29.62%. Netflix’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same period in the previous year, the company earned $2.88 earnings per share. As a group, research analysts forecast that Netflix, Inc. will post 17.13 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on NFLX shares. Macquarie lifted their target price on shares of Netflix from $595.00 to $685.00 and gave the company an “outperform” rating in a report on Tuesday, April 16th. Piper Sandler lifted their target price on shares of Netflix from $550.00 to $600.00 and gave the company a “neutral” rating in a report on Friday, April 12th. Seaport Res Ptn downgraded shares of Netflix from a “buy” rating to a “neutral” rating in a report on Tuesday, January 30th. Sanford C. Bernstein raised their price target on shares of Netflix from $490.00 to $600.00 and gave the company a “market perform” rating in a research report on Friday. Finally, Bank of America raised their price target on shares of Netflix from $650.00 to $700.00 and gave the company a “buy” rating in a research report on Friday. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-two have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $630.58.

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.