Netflix, Inc. (NASDAQ:NFLX) Shares Bought by Sax Wealth Advisors LLC

Sax Wealth Advisors LLC raised its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 20.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,282 shares of the Internet television network’s stock after acquiring an additional 390 shares during the quarter. Sax Wealth Advisors LLC’s holdings in Netflix were worth $2,034,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. RPg Family Wealth Advisory LLC purchased a new stake in Netflix during the third quarter worth approximately $25,000. E Fund Management Hong Kong Co. Ltd. raised its holdings in Netflix by 700.0% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after purchasing an additional 42 shares in the last quarter. MidAtlantic Capital Management Inc. purchased a new stake in shares of Netflix during the 3rd quarter worth approximately $37,000. FSA Wealth Management LLC acquired a new position in shares of Netflix in the 3rd quarter valued at $38,000. Finally, First Personal Financial Services acquired a new position in shares of Netflix in the 3rd quarter valued at $40,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on NFLX shares. BMO Capital Markets boosted their price target on shares of Netflix from $825.00 to $1,000.00 and gave the company an “outperform” rating in a research report on Wednesday. TD Cowen boosted their target price on Netflix from $820.00 to $835.00 and gave the company a “buy” rating in a report on Friday, October 18th. Needham & Company LLC upped their target price on Netflix from $700.00 to $800.00 and gave the company a “buy” rating in a research report on Friday, October 18th. JPMorgan Chase & Co. cut their price target on Netflix from $1,010.00 to $1,000.00 and set an “overweight” rating on the stock in a research report on Friday, January 10th. Finally, Loop Capital decreased their price objective on Netflix from $950.00 to $925.00 and set a “hold” rating for the company in a report on Thursday. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Netflix has an average rating of “Moderate Buy” and an average target price of $845.06.

Insider Buying and Selling

In other news, CEO Theodore A. Sarandos sold 1,278 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $767.05, for a total transaction of $980,289.90. Following the completion of the transaction, the chief executive officer now directly owns 2,556 shares of the company’s stock, valued at $1,960,579.80. This trade represents a 33.33 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Richard N. Barton sold 5,698 shares of Netflix stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $756.00, for a total value of $4,307,688.00. Following the transaction, the director now owns 246 shares of the company’s stock, valued at $185,976. This represents a 95.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 152,198 shares of company stock valued at $127,616,898. 1.76% of the stock is owned by insiders.

Netflix Stock Up 1.9 %

NFLX stock opened at $858.10 on Friday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. The company’s 50-day moving average price is $883.32 and its 200 day moving average price is $757.20. Netflix, Inc. has a 52 week low of $476.06 and a 52 week high of $941.75. The company has a market cap of $366.80 billion, a P/E ratio of 48.56, a P/E/G ratio of 1.35 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, topping the consensus estimate of $5.09 by $0.31. Netflix had a return on equity of 35.86% and a net margin of 20.70%. The business had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.77 billion. On average, research analysts expect that Netflix, Inc. will post 19.78 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.