GSB Wealth Management LLC Invests $231,000 in Netflix, Inc. (NASDAQ:NFLX)

GSB Wealth Management LLC purchased a new position in Netflix, Inc. (NASDAQ:NFLX) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 259 shares of the Internet television network’s stock, valued at approximately $231,000.

A number of other institutional investors have also recently made changes to their positions in the company. Advisory Resource Group boosted its stake in shares of Netflix by 0.7% in the third quarter. Advisory Resource Group now owns 1,746 shares of the Internet television network’s stock worth $1,238,000 after acquiring an additional 12 shares during the last quarter. Insight Wealth Strategies LLC boosted its stake in shares of Netflix by 1.9% in the fourth quarter. Insight Wealth Strategies LLC now owns 656 shares of the Internet television network’s stock worth $585,000 after acquiring an additional 12 shares during the last quarter. Sunflower Bank N.A. boosted its stake in shares of Netflix by 2.1% in the fourth quarter. Sunflower Bank N.A. now owns 575 shares of the Internet television network’s stock worth $513,000 after acquiring an additional 12 shares during the last quarter. D.B. Root & Company LLC boosted its stake in shares of Netflix by 4.1% in the fourth quarter. D.B. Root & Company LLC now owns 331 shares of the Internet television network’s stock worth $295,000 after acquiring an additional 13 shares during the last quarter. Finally, New World Advisors LLC boosted its stake in shares of Netflix by 2.0% in the third quarter. New World Advisors LLC now owns 724 shares of the Internet television network’s stock worth $514,000 after acquiring an additional 14 shares during the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NFLX has been the topic of a number of recent research reports. The Goldman Sachs Group boosted their price objective on Netflix from $850.00 to $960.00 and gave the stock a “neutral” rating in a research note on Wednesday. Wolfe Research raised Netflix from a “peer perform” rating to an “outperform” rating and set a $1,100.00 price objective on the stock in a research note on Thursday. Seaport Res Ptn raised Netflix from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 15th. Robert W. Baird boosted their price objective on Netflix from $875.00 to $1,200.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, Loop Capital boosted their price objective on Netflix from $925.00 to $1,000.00 and gave the stock a “hold” rating in a research note 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,021.70.

Netflix Price Performance

Shares of NASDAQ NFLX opened at $977.59 on Friday. The stock’s 50-day moving average is $895.13 and its two-hundred day moving average is $766.98. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.13. Netflix, Inc. has a 1-year low of $542.01 and a 1-year high of $999.00. The company has a market cap of $417.88 billion, a price-to-earnings ratio of 49.30, a price-to-earnings-growth ratio of 1.53 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, beating analysts’ consensus estimates of $4.20 by $0.07. Netflix had a return on equity of 38.32% and a net margin of 22.34%. 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 prior year, the business posted $2.11 EPS. The business’s revenue for the quarter was up 16.0% on a year-over-year basis. Analysts forecast that Netflix, Inc. will post 23.72 EPS for the current fiscal year.

Insider Activity

In other news, insider David A. Hyman sold 267 shares of the stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $765.67, for a total value of $204,433.89. Following the transaction, the insider now owns 31,610 shares in the company, valued at approximately $24,202,828.70. This represents a 0.84 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jay C. Hoag sold 617 shares of the stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $979.71, for a total value of $604,481.07. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 147,117 shares of company stock worth $123,913,691. 1.76% of the stock is currently owned by insiders.

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.