RFG Bristol Wealth Advisors LLC Makes New Investment in Netflix, Inc. (NASDAQ:NFLX)

RFG Bristol Wealth Advisors LLC acquired a new stake in shares of Netflix, Inc. (NASDAQ:NFLX) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 3,094 shares of the Internet television network’s stock, valued at approximately $2,758,000. Netflix comprises 0.9% of RFG Bristol Wealth Advisors LLC’s holdings, making the stock its 26th biggest position.

Other large investors have also made changes to their positions in the company. West Michigan Advisors LLC boosted its holdings in Netflix by 1.3% in the fourth quarter. West Michigan Advisors LLC now owns 776 shares of the Internet television network’s stock valued at $692,000 after purchasing an additional 10 shares during the last quarter. Warwick Investment Management Inc. raised its stake in shares of Netflix by 3.5% during the 4th quarter. Warwick Investment Management Inc. now owns 298 shares of the Internet television network’s stock valued at $266,000 after buying an additional 10 shares during the last quarter. MRP Capital Investments LLC lifted its holdings in shares of Netflix by 1.0% in the 4th quarter. MRP Capital Investments LLC now owns 1,052 shares of the Internet television network’s stock valued at $938,000 after buying an additional 10 shares during the period. Bedell Frazier Investment Counselling LLC boosted its stake in shares of Netflix by 2.2% in the fourth quarter. Bedell Frazier Investment Counselling LLC now owns 462 shares of the Internet television network’s stock worth $412,000 after buying an additional 10 shares during the last quarter. Finally, Enzi Wealth grew its holdings in Netflix by 3.4% during the fourth quarter. Enzi Wealth now owns 331 shares of the Internet television network’s stock worth $316,000 after acquiring an additional 11 shares during the period. 80.93% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Strive Masiyiwa sold 2,813 shares of the company’s stock in a transaction that occurred on 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 sale was disclosed in a document filed with the SEC, which is available through this link. Also, CAO Jeffrey William Karbowski sold 160 shares of Netflix stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $1,000.00, for a total transaction of $160,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 288,583 shares of company stock valued at $279,611,567. 1.76% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

NFLX has been the subject of a number of analyst reports. Wedbush reissued an “outperform” rating and issued a $1,150.00 price target (up from $950.00) on shares of Netflix in a report on Wednesday, January 22nd. Robert W. Baird increased their price target on shares of Netflix from $875.00 to $1,200.00 and gave the stock an “outperform” rating in a report on Wednesday, January 22nd. Benchmark raised shares of Netflix from a “sell” rating to a “hold” rating in a report on Wednesday, January 22nd. Needham & Company LLC increased their target price on shares of Netflix from $800.00 to $1,150.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Finally, Piper Sandler restated an “overweight” rating and issued a $1,100.00 price target (up previously from $950.00) on shares of Netflix in a research note on Wednesday, January 22nd. Ten analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Netflix presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,021.02.

Netflix Stock Performance

Netflix stock opened at $928.38 on Wednesday. The firm has a 50 day simple moving average of $974.40 and a 200-day simple moving average of $872.78. The stock has a market cap of $397.12 billion, a price-to-earnings ratio of 46.82, a price-to-earnings-growth ratio of 2.12 and a beta of 1.38. 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 1-year low of $542.01 and a 1-year high of $1,064.50.

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 return on equity of 38.32% and a net margin of 22.34%. The company had revenue of $10.25 billion during the quarter, compared to analyst estimates of $10.14 billion. During the same period in the prior year, the business posted $2.11 earnings per share. The firm’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 EPS for the current 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.