Core Wealth Partners LLC Buys 16 Shares of Netflix, Inc. (NASDAQ:NFLX)

Core Wealth Partners LLC raised its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 3.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 473 shares of the Internet television network’s stock after purchasing an additional 16 shares during the period. Core Wealth Partners LLC’s holdings in Netflix were worth $422,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Pathway Financial Advisers LLC raised its holdings in Netflix by 82.4% in the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network’s stock worth $27,000 after acquiring an additional 14 shares during the period. RPg Family Wealth Advisory LLC bought a new position in shares of Netflix in the third quarter worth about $25,000. Newton One Investments LLC acquired a new position in shares of Netflix during the 4th quarter worth about $34,000. Pineridge Advisors LLC boosted its stake in Netflix by 4,000.0% during the 4th quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network’s stock valued at $37,000 after purchasing an additional 40 shares during the period. Finally, Princeton Global Asset Management LLC grew its holdings 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 last quarter. Institutional investors own 80.93% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on NFLX shares. UBS Group restated a “buy” rating on shares of Netflix in a research note on Monday, March 10th. Oppenheimer raised 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 report on Wednesday, January 22nd. Pivotal Research upped their price objective on shares of Netflix from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Bank of America lifted their target price on Netflix from $1,000.00 to $1,175.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Finally, Sanford C. Bernstein upgraded Netflix from a “market perform” rating to an “outperform” rating and upped their target price for the company from $975.00 to $1,200.00 in a research note on Friday, January 24th. Ten investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Netflix currently has a consensus rating of “Moderate Buy” and an average target price of $1,016.78.

Insider Activity

In other Netflix news, Chairman Reed Hastings sold 35,868 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $888.08, for a total value of $31,853,653.44. Following the completion of the transaction, the chairman now directly owns 114 shares of the company’s stock, valued at approximately $101,241.12. The trade was a 99.68 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ann Mather sold 2,682 shares of the firm’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $973.00, for a total value of $2,609,586.00. 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 quarter. Company insiders own 1.76% of the company’s stock.

Netflix Trading Up 2.6 %

Shares of NASDAQ NFLX opened at $997.28 on Wednesday. The company’s 50 day simple moving average is $965.09 and its 200 day simple moving average is $863.43. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. Netflix, Inc. has a fifty-two week low of $542.01 and a fifty-two week high of $1,064.50. The firm has a market capitalization of $426.59 billion, a P/E ratio of 50.29, a P/E/G ratio of 2.12 and a beta of 1.38.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share 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 company had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10.14 billion. During the same quarter in the prior year, the business posted $2.11 EPS. The firm’s quarterly revenue was up 16.0% on a year-over-year basis. On average, analysts predict that Netflix, Inc. will post 24.58 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.