Naviter Wealth LLC Acquires 308 Shares of Netflix, Inc. (NASDAQ:NFLX)

Naviter Wealth LLC increased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 15.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,315 shares of the Internet television network’s stock after purchasing an additional 308 shares during the quarter. Naviter Wealth LLC’s holdings in Netflix were worth $1,127,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in NFLX. Bluesphere Advisors LLC lifted its stake in Netflix by 0.9% in the 4th quarter. Bluesphere Advisors LLC now owns 5,137 shares of the Internet television network’s stock valued at $2,501,000 after acquiring an additional 45 shares in the last quarter. Birchcreek Wealth Management LLC increased its stake in Netflix by 3.5% in the 4th quarter. Birchcreek Wealth Management LLC now owns 1,299 shares of the Internet television network’s stock valued at $632,000 after buying an additional 44 shares during the last quarter. Choreo LLC lifted its position in Netflix by 31.1% during the 4th quarter. Choreo LLC now owns 5,647 shares of the Internet television network’s stock worth $2,749,000 after buying an additional 1,339 shares in the last quarter. Gilbert & Cook Inc. boosted its stake in shares of Netflix by 5.9% during the 4th quarter. Gilbert & Cook Inc. now owns 2,177 shares of the Internet television network’s stock worth $1,060,000 after buying an additional 121 shares during the last quarter. Finally, Red Wave Investments LLC bought a new position in shares of Netflix in the 4th quarter valued at about $240,000. Institutional investors own 80.93% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on NFLX. DZ Bank raised Netflix from a “hold” rating to a “buy” rating and set a $600.00 price target for the company in a research report on Thursday, January 25th. Bank of America boosted their target price on shares of Netflix from $650.00 to $700.00 and gave the stock a “buy” rating in a report on Friday, April 19th. UBS Group lifted their price objective on shares of Netflix from $570.00 to $685.00 and gave the company a “buy” rating in a research report on Tuesday, February 27th. Seaport Res Ptn downgraded Netflix from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 30th. Finally, Barclays lifted their target price on Netflix from $475.00 to $550.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 9th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-two have issued a buy rating to the company’s stock. According to MarketBeat, Netflix has an average rating of “Moderate Buy” and an average target price of $630.58.

Netflix Stock Down 0.4 %

Shares of NASDAQ NFLX opened at $557.43 on Tuesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.07 and a quick ratio of 1.07. The stock has a market capitalization of $240.20 billion, a PE ratio of 38.83, a P/E/G ratio of 1.37 and a beta of 1.22. Netflix, Inc. has a one year low of $315.62 and a one year high of $639.00. The business’s fifty day moving average price is $604.05 and its 200-day moving average price is $522.96.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Thursday, April 18th. The Internet television network reported $5.28 EPS for the quarter, beating the consensus estimate of $4.51 by $0.77. The business had revenue of $9.37 billion for the quarter, compared to the consensus estimate of $9.28 billion. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The company’s revenue was up 14.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.88 earnings per share. On average, equities research analysts anticipate that Netflix, Inc. will post 18.13 EPS for the current year.

Insider Transactions at Netflix

In related news, Chairman Reed Hastings sold 20,566 shares of the business’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $610.42, for a total transaction of $12,553,897.72. Following the sale, the chairman now directly owns 28 shares in the company, valued at approximately $17,091.76. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Chairman Reed Hastings sold 20,566 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $610.42, for a total transaction of $12,553,897.72. Following the completion of the transaction, the chairman now owns 28 shares of the company’s stock, valued at $17,091.76. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Gregory K. Peters sold 5,352 shares of the stock in a transaction that occurred on 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 completion of the sale, 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. Insiders sold 154,573 shares of company stock valued at $89,548,241 over the last three months. Company insiders own 1.76% of the company’s stock.

Netflix Company 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.