Cyndeo Wealth Partners LLC Grows Stake in Netflix, Inc. (NASDAQ:NFLX)

Cyndeo Wealth Partners LLC lifted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 6.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,842 shares of the Internet television network’s stock after buying an additional 111 shares during the quarter. Cyndeo Wealth Partners LLC’s holdings in Netflix were worth $1,642,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of NFLX. Legacy Wealth Management Inc bought a new stake in Netflix during the 4th quarter worth approximately $217,000. Accel Wealth Management bought a new stake in Netflix during the 4th quarter worth approximately $219,000. Fifth Third Bancorp increased its holdings in Netflix by 2.9% during the 4th quarter. Fifth Third Bancorp now owns 84,456 shares of the Internet television network’s stock worth $75,277,000 after acquiring an additional 2,351 shares during the period. DGS Capital Management LLC increased its holdings in shares of Netflix by 3.8% in the 4th quarter. DGS Capital Management LLC now owns 2,004 shares of the Internet television network’s stock worth $1,786,000 after buying an additional 73 shares during the last quarter. Finally, Bennett Selby Investments LP increased its holdings in shares of Netflix by 0.3% in the 4th quarter. Bennett Selby Investments LP now owns 5,679 shares of the Internet television network’s stock worth $5,062,000 after buying an additional 17 shares during the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Netflix

In related news, Chairman Reed Hastings sold 41,601 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $758.06, for a total value of $31,536,054.06. Following the sale, the chairman now owns 85 shares in the company, valued at approximately $64,435.10. The trade was a 99.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jay C. Hoag sold 617 shares of the business’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $979.71, for a total transaction of $604,481.07. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 147,117 shares of company stock valued at $123,913,691. 1.76% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. TD Cowen increased their price target on shares of Netflix from $820.00 to $835.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Pivotal Research increased their price target on shares of Netflix from $1,100.00 to $1,250.00 and gave the stock a “buy” rating in a report on Wednesday. Seaport Res Ptn raised shares of Netflix from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 15th. The Goldman Sachs Group increased their target price on shares of Netflix from $850.00 to $960.00 and gave the company a “neutral” rating in a report on Wednesday. Finally, Evercore ISI increased their target price on shares of Netflix from $950.00 to $1,100.00 and gave the company an “outperform” rating in a report on Wednesday. Nine analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Netflix has an average rating of “Moderate Buy” and an average price target of $1,021.70.

Netflix Stock Performance

NFLX opened at $977.59 on Friday. The company has a current ratio of 1.22, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56. Netflix, Inc. has a 12-month low of $542.01 and a 12-month high of $999.00. The company has a market cap of $417.88 billion, a price-to-earnings ratio of 49.30, a PEG ratio of 1.53 and a beta of 1.27. The company’s 50 day moving average is $895.13 and its 200 day moving average is $766.98.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, beating the consensus estimate of $4.20 by $0.07. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The business had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10,141,900 billion. During the same quarter in the previous year, the firm earned $2.11 earnings per share. The company’s revenue for the quarter was up 16.0% on a year-over-year basis. On average, equities research analysts predict that Netflix, Inc. will post 23.72 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.