258 Shares in Netflix, Inc. (NASDAQ:NFLX) Acquired by Madison Wealth Partners Inc

Madison Wealth Partners Inc acquired a new position in shares of Netflix, Inc. (NASDAQ:NFLX) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 258 shares of the Internet television network’s stock, valued at approximately $230,000.

Other hedge funds have also recently made changes to their positions in the company. Pathway Financial Advisers LLC boosted its position in shares of Netflix by 82.4% during the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network’s stock worth $27,000 after purchasing an additional 14 shares during the period. RPg Family Wealth Advisory LLC purchased a new position in Netflix in the 3rd quarter valued at approximately $25,000. Newton One Investments LLC purchased a new position in Netflix in the 4th quarter valued at approximately $34,000. Pineridge Advisors LLC boosted its position in Netflix by 4,000.0% in the 4th quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network’s stock valued at $37,000 after buying an additional 40 shares during the period. Finally, Princeton Global Asset Management LLC boosted its position in Netflix by 51.6% in the 4th quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network’s stock valued at $42,000 after buying an additional 16 shares during the period. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Insider Buying and Selling

In related news, CEO Gregory K. Peters sold 102,228 shares of the business’s stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $980.74, for a total transaction of $100,259,088.72. Following the sale, the chief executive officer now owns 12,950 shares of the company’s stock, valued at approximately $12,700,583. The trade was a 88.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Spencer Adam Neumann sold 685 shares of the business’s stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $1,009.57, for a total transaction of $691,555.45. Following the sale, the chief financial officer now directly owns 3,691 shares in the company, valued at approximately $3,726,322.87. This represents a 15.65 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 288,103 shares of company stock valued at $279,142,041. Corporate insiders own 1.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Robert W. Baird raised their price target on shares of Netflix from $875.00 to $1,200.00 and gave the company an “outperform” rating in a research report on Wednesday, January 22nd. Macquarie raised their price target on shares of Netflix from $965.00 to $1,150.00 and gave the company an “outperform” rating in a research report on Wednesday, January 22nd. Wolfe Research raised shares of Netflix from a “peer perform” rating to an “outperform” rating and set a $1,100.00 price target for the company in a research report on Thursday, January 23rd. Canaccord Genuity Group upgraded shares of Netflix from a “hold” rating to a “buy” rating and raised their price objective for the company from $940.00 to $1,150.00 in a report on Wednesday, January 22nd. Finally, Argus raised their price objective on shares of Netflix from $840.00 to $1,040.00 and gave the company a “buy” rating in a report on Monday, January 6th. Ten research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Netflix has a consensus rating of “Moderate Buy” and an average target price of $1,014.26.

Netflix Stock Up 2.7 %

Shares of NASDAQ:NFLX opened at $919.68 on Thursday. The company has a market cap of $393.40 billion, a price-to-earnings ratio of 46.38, a PEG ratio of 2.12 and a beta of 1.38. The firm’s 50-day simple moving average is $950.23 and its 200-day simple moving average is $845.78. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. Netflix, Inc. has a fifty-two week low of $542.01 and a fifty-two week high of $1,064.50.

Netflix (NASDAQ:NFLX) last issued its 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. The business had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10.14 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The business’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.11 earnings per share. As a group, equities research analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current year.

Netflix Company 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.