Aaron Wealth Advisors LLC increased its stake in shares of Netflix, Inc. (NASDAQ:NFLX – Free Report) by 6.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,567 shares of the Internet television network’s stock after buying an additional 163 shares during the quarter. Aaron Wealth Advisors LLC’s holdings in Netflix were worth $2,288,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NFLX. RPg Family Wealth Advisory LLC purchased a new stake in shares of Netflix during the 3rd quarter valued at approximately $25,000. E Fund Management Hong Kong Co. Ltd. increased its stake 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 acquiring an additional 42 shares during the last quarter. Decker Retirement Planning Inc. purchased a new stake in Netflix in the fourth quarter valued at $43,000. MidAtlantic Capital Management Inc. acquired a new position in shares of Netflix in the 3rd quarter valued at $37,000. Finally, FSA Wealth Management LLC acquired a new stake in shares of Netflix during the 3rd quarter worth about $38,000. Institutional investors and hedge funds own 80.93% of the company’s stock.
Netflix Price Performance
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 has a market capitalization of $366.80 billion, a P/E ratio of 48.56, a PEG ratio of 1.35 and a beta of 1.27. The business has a 50 day simple moving average of $884.58 and a 200-day simple moving average of $758.48. Netflix, Inc. has a twelve month low of $476.06 and a twelve month high of $941.75.
Wall Street Analysts Forecast Growth
Several brokerages have weighed in on NFLX. Benchmark increased their target price on shares of Netflix from $555.00 to $720.00 and gave the stock a “sell” rating in a research note on Friday, January 3rd. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Netflix from $590.00 to $650.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Bank of America boosted their target price on Netflix from $800.00 to $1,000.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Oppenheimer dropped their price objective on Netflix from $1,065.00 to $1,040.00 and set an “outperform” rating for the company in a research note on Wednesday. Finally, Pivotal Research increased their target price on Netflix from $925.00 to $1,100.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Two investment 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 assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $845.06.
View Our Latest Analysis on NFLX
Insider Transactions at Netflix
In related news, Director Richard N. Barton sold 5,698 shares of Netflix stock in a transaction on Friday, October 25th. The shares were sold at an average price of $756.00, for a total value of $4,307,688.00. Following the transaction, the director now directly owns 246 shares in the company, valued at $185,976. This trade represents a 95.86 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider David A. Hyman sold 267 shares of the firm’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $765.67, for a total transaction of $204,433.89. Following the completion of the sale, the insider now owns 31,610 shares of the company’s stock, valued at $24,202,828.70. This trade represents a 0.84 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 152,198 shares of company stock worth $127,616,898. Company insiders own 1.76% of the company’s stock.
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.
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