Princeton Global Asset Management LLC Has $42,000 Position in Netflix, Inc. (NASDAQ:NFLX)

Princeton Global Asset Management LLC grew its holdings in Netflix, Inc. (NASDAQ:NFLX) by 51.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 47 shares of the Internet television network’s stock after purchasing an additional 16 shares during the quarter. Princeton Global Asset Management LLC’s holdings in Netflix were worth $42,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. JB Capital LLC lifted its stake in shares of Netflix by 2.5% during the fourth quarter. JB Capital LLC now owns 529 shares of the Internet television network’s stock valued at $472,000 after acquiring an additional 13 shares during the period. Chicago Capital LLC lifted its stake in shares of Netflix by 1.6% during the fourth quarter. Chicago Capital LLC now owns 87,785 shares of the Internet television network’s stock valued at $78,245,000 after acquiring an additional 1,366 shares during the period. FSM Wealth Advisors LLC acquired a new position in shares of Netflix during the fourth quarter valued at $231,000. HHM Wealth Advisors LLC lifted its stake in shares of Netflix by 117.6% during the fourth quarter. HHM Wealth Advisors LLC now owns 1,360 shares of the Internet television network’s stock valued at $1,212,000 after acquiring an additional 735 shares during the period. Finally, CFM Wealth Partners LLC lifted its stake in shares of Netflix by 16.2% during the fourth quarter. CFM Wealth Partners LLC now owns 5,114 shares of the Internet television network’s stock valued at $4,558,000 after acquiring an additional 713 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Barclays raised Netflix from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $715.00 to $900.00 in a research note on Wednesday, January 22nd. Wedbush reiterated an “outperform” rating and issued a $1,150.00 price objective (up previously from $950.00) on shares of Netflix in a report on Wednesday, January 22nd. Benchmark upgraded Netflix from a “sell” rating to a “hold” rating in a report on Wednesday, January 22nd. TD Cowen upped their price objective on Netflix from $820.00 to $835.00 and gave the company a “buy” rating in a report on Friday, October 18th. Finally, Needham & Company LLC upped their price objective on Netflix from $800.00 to $1,150.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Ten investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.70.

Netflix Stock Performance

Shares of NASDAQ NFLX opened at $978.94 on Tuesday. The stock has a 50 day moving average price of $904.67 and a 200 day moving average price of $779.53. Netflix, Inc. has a 52 week low of $542.01 and a 52 week high of $999.00. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. The stock has a market capitalization of $418.75 billion, a PE ratio of 49.37, a price-to-earnings-growth ratio of 2.02 and a beta of 1.27.

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

Insider Activity

In other news, Director Timothy M. Haley sold 647 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $800.19, for a total value of $517,722.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Gregory K. Peters sold 102,228 shares of Netflix stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $980.74, for a total value of $100,259,088.72. Following the sale, the chief executive officer now directly 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 disclosure for this sale can be found here. Insiders sold a total of 246,710 shares of company stock valued at $233,561,836 over the last three months. Insiders own 1.76% of the company’s stock.

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.