TCI Wealth Advisors Inc. Acquires 11 Shares of Netflix, Inc. (NASDAQ:NFLX)

TCI Wealth Advisors Inc. boosted its holdings in Netflix, Inc. (NASDAQ:NFLX) by 1.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 700 shares of the Internet television network’s stock after purchasing an additional 11 shares during the period. TCI Wealth Advisors Inc.’s holdings in Netflix were worth $624,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Strategic Investment Solutions Inc. IL bought a new position in Netflix during the 2nd quarter worth approximately $133,000. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of Netflix by 58.2% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 39,560 shares of the Internet television network’s stock worth $26,698,000 after purchasing an additional 14,560 shares during the last quarter. Anchor Investment Management LLC increased its stake in shares of Netflix by 0.5% in the second quarter. Anchor Investment Management LLC now owns 6,956 shares of the Internet television network’s stock worth $4,694,000 after buying an additional 34 shares during the period. Centaurus Financial Inc. raised its holdings in Netflix by 151.9% during the 2nd quarter. Centaurus Financial Inc. now owns 13,450 shares of the Internet television network’s stock valued at $9,077,000 after buying an additional 8,110 shares during the last quarter. Finally, Greater Midwest Financial Group LLC boosted its position in Netflix by 7.0% during the 2nd quarter. Greater Midwest Financial Group LLC now owns 1,384 shares of the Internet television network’s stock valued at $916,000 after buying an additional 90 shares during the period. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on NFLX shares. BMO Capital Markets reaffirmed an “outperform” rating and set a $1,175.00 price objective (up from $1,000.00) on shares of Netflix in a research note on Wednesday, January 22nd. Robert W. Baird increased their price objective on Netflix from $875.00 to $1,200.00 and gave the stock an “outperform” rating in a report on Wednesday, January 22nd. Pivotal Research lifted their price objective on Netflix from $1,100.00 to $1,250.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Piper Sandler restated an “overweight” rating and set a $1,100.00 target price (up previously from $950.00) on shares of Netflix in a report on Wednesday, January 22nd. Finally, Sanford C. Bernstein upgraded shares of Netflix from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $975.00 to $1,200.00 in a report on Friday, January 24th. Ten equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $1,021.70.

Netflix Price Performance

Shares of NASDAQ NFLX opened at $973.24 on Friday. The firm has a market cap of $416.31 billion, a P/E ratio of 49.08, a PEG ratio of 2.03 and a beta of 1.27. Netflix, Inc. has a twelve month low of $542.01 and a twelve month high of $999.00. The company has a quick ratio of 1.13, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. The company has a 50 day moving average of $903.09 and a 200 day moving average of $775.54.

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

Insider Activity

In other news, Director Anne M. Sweeney sold 589 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $880.00, for a total transaction of $518,320.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Timothy M. Haley sold 11,090 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $757.96, for a total transaction of $8,405,776.40. The disclosure for this sale can be found here. Insiders have sold a total of 105,516 shares of company stock valued at $92,377,637 in the last 90 days. 1.76% of the stock is currently owned by insiders.

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.