Netflix, Inc. (NASDAQ:NFLX) Position Boosted by Alliance Wealth Advisors LLC UT

Alliance Wealth Advisors LLC UT boosted its holdings in Netflix, Inc. (NASDAQ:NFLX) by 4.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,149 shares of the Internet television network’s stock after acquiring an additional 256 shares during the quarter. Netflix comprises about 1.4% of Alliance Wealth Advisors LLC UT’s investment portfolio, making the stock its 11th biggest holding. Alliance Wealth Advisors LLC UT’s holdings in Netflix were worth $5,481,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the business. AMF Tjanstepension AB grew its stake in shares of Netflix by 7.4% in the third quarter. AMF Tjanstepension AB now owns 68,460 shares of the Internet television network’s stock worth $48,557,000 after acquiring an additional 4,701 shares during the last quarter. Czech National Bank grew its holdings in shares of Netflix by 6.5% in the 3rd quarter. Czech National Bank now owns 87,425 shares of the Internet television network’s stock valued at $62,008,000 after acquiring an additional 5,312 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Netflix by 29.4% during the 3rd quarter. GAMMA Investing LLC now owns 7,119 shares of the Internet television network’s stock valued at $5,049,000 after purchasing an additional 1,618 shares during the last quarter. Diversified Trust Co grew its position in shares of Netflix by 69.1% during the 3rd quarter. Diversified Trust Co now owns 10,635 shares of the Internet television network’s stock worth $7,544,000 after purchasing an additional 4,347 shares in the last quarter. Finally, Smith Anglin Financial LLC increased its stake in shares of Netflix by 28.4% in the 3rd quarter. Smith Anglin Financial LLC now owns 457 shares of the Internet television network’s stock valued at $324,000 after purchasing an additional 101 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insiders Place Their Bets

In other news, CAO Jeffrey William Karbowski sold 480 shares of Netflix stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $986.75, for a total value of $473,640.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Anne M. Sweeney sold 589 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $880.00, for a total transaction of $518,320.00. The disclosure for this sale can be found here. Insiders have sold a total of 246,710 shares of company stock worth $233,561,836 in the last quarter. 1.76% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts recently commented on the company. Robert W. Baird upped their target price on Netflix from $875.00 to $1,200.00 and gave the company an “outperform” rating in a report on Wednesday, January 22nd. Morgan Stanley lifted their price objective on Netflix from $1,050.00 to $1,150.00 and gave the company an “overweight” rating in a research note on Wednesday, January 22nd. Wedbush reaffirmed an “outperform” rating and issued a $1,150.00 target price (up from $950.00) on shares of Netflix in a research note on Wednesday, January 22nd. Oppenheimer upped their price target on shares of Netflix from $1,040.00 to $1,150.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 22nd. Finally, UBS Group increased their price target on Netflix from $1,040.00 to $1,150.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Ten research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $1,021.70.

Netflix Price Performance

NASDAQ:NFLX opened at $978.94 on Tuesday. Netflix, Inc. has a 12 month low of $542.01 and a 12 month high of $999.00. The firm has a market cap of $418.75 billion, a P/E ratio of 49.37, a price-to-earnings-growth ratio of 2.02 and a beta of 1.27. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. The stock has a 50 day moving average of $904.67 and a two-hundred day moving average of $779.53.

Netflix (NASDAQ:NFLX) last posted its earnings results 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 net margin of 22.34% and a return on equity of 38.32%. The company had revenue of $10.25 billion for the quarter, compared to analysts’ expectations of $10.14 billion. During the same quarter in the prior year, the company posted $2.11 earnings per share. Netflix’s revenue for the quarter was up 16.0% compared to the same quarter last year. On average, analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

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.