NewSquare Capital LLC Has $49,000 Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

NewSquare Capital LLC raised its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 120.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 55 shares of the Internet television network’s stock after buying an additional 30 shares during the period. NewSquare Capital LLC’s holdings in Netflix were worth $49,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of NFLX. Swedbank AB raised its position in Netflix by 1.8% during the third quarter. Swedbank AB now owns 465,208 shares of the Internet television network’s stock valued at $329,958,000 after acquiring an additional 8,024 shares in the last quarter. Moloney Securities Asset Management LLC bought a new position in shares of Netflix during the 3rd quarter valued at $777,000. United Advisor Group LLC raised its holdings in shares of Netflix by 23.0% during the 3rd quarter. United Advisor Group LLC now owns 839 shares of the Internet television network’s stock valued at $595,000 after purchasing an additional 157 shares in the last quarter. Pittenger & Anderson Inc. lifted its stake in shares of Netflix by 30.5% in the 3rd quarter. Pittenger & Anderson Inc. now owns 2,314 shares of the Internet television network’s stock valued at $1,641,000 after purchasing an additional 541 shares during the last quarter. Finally, Crestwood Advisors Group LLC boosted its holdings in Netflix by 7.2% in the third quarter. Crestwood Advisors Group LLC now owns 3,027 shares of the Internet television network’s stock worth $2,147,000 after purchasing an additional 203 shares in the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NFLX has been the subject of a number of analyst reports. Oppenheimer boosted their price target on Netflix from $1,040.00 to $1,150.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 22nd. Sanford C. Bernstein upgraded Netflix from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $975.00 to $1,200.00 in a report on Friday, January 24th. Wolfe Research upgraded Netflix from a “peer perform” rating to an “outperform” rating and set a $1,100.00 price target on the stock in a report on Thursday, January 23rd. Morgan Stanley boosted their price objective on shares of Netflix from $1,050.00 to $1,150.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 22nd. Finally, Seaport Res Ptn upgraded shares of Netflix from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 15th. Ten investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,021.70.

Insider Activity at Netflix

In other Netflix news, Director Strive Masiyiwa sold 2,813 shares of the firm’s stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $1,007.87, for a total value of $2,835,138.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider David A. Hyman sold 41,121 shares of the company’s stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $979.01, for a total transaction of $40,257,870.21. Following the transaction, the insider now owns 31,610 shares in the company, valued at $30,946,506.10. The trade was a 56.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 288,103 shares of company stock valued at $279,142,041 in the last three months. Corporate insiders own 1.76% of the company’s stock.

Netflix Stock Up 1.9 %

Shares of NASDAQ:NFLX opened at $990.92 on Thursday. The company’s fifty day moving average is $950.95 and its 200-day moving average is $838.65. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. Netflix, Inc. has a 52 week low of $542.01 and a 52 week high of $1,064.50. The company has a market capitalization of $423.87 billion, a PE ratio of 49.97, a P/E/G ratio of 2.12 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, topping 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 firm had revenue of $10.25 billion for the quarter, compared to analysts’ expectations of $10.14 billion. During the same period in the prior year, the firm earned $2.11 earnings per share. The company’s quarterly revenue was up 16.0% compared to the same quarter last year. Equities research analysts predict that Netflix, Inc. will post 24.58 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.