RFG Holdings Inc. Increases Holdings in Netflix, Inc. (NASDAQ:NFLX)

RFG Holdings Inc. increased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 7.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,184 shares of the Internet television network’s stock after purchasing an additional 83 shares during the quarter. Netflix makes up 0.4% of RFG Holdings Inc.’s portfolio, making the stock its 27th biggest holding. RFG Holdings Inc.’s holdings in Netflix were worth $1,055,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Mather Group LLC. boosted its position in shares of Netflix by 5.1% during the fourth quarter. Mather Group LLC. now owns 2,602 shares of the Internet television network’s stock worth $2,319,000 after acquiring an additional 127 shares during the last quarter. Newton One Investments LLC purchased a new position in shares of Netflix during the fourth quarter valued at about $34,000. Brown Lisle Cummings Inc. lifted its position in shares of Netflix by 0.5% in the fourth quarter. Brown Lisle Cummings Inc. now owns 4,017 shares of the Internet television network’s stock worth $3,580,000 after buying an additional 20 shares in the last quarter. Robbins Farley boosted its stake in Netflix by 30.5% during the fourth quarter. Robbins Farley now owns 5,539 shares of the Internet television network’s stock valued at $4,937,000 after buying an additional 1,293 shares during the last quarter. Finally, Rockline Wealth Management LLC increased its stake in Netflix by 3.4% in the 4th quarter. Rockline Wealth Management LLC now owns 3,844 shares of the Internet television network’s stock worth $3,426,000 after acquiring an additional 128 shares during the last quarter. Institutional investors own 80.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on NFLX. Seaport Res Ptn raised shares of Netflix from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 15th. Argus lifted their price target on Netflix from $840.00 to $1,040.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Pivotal Research raised their price objective on Netflix from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. BMO Capital Markets restated an “outperform” rating and set a $1,175.00 price target (up previously from $1,000.00) on shares of Netflix in a report on Wednesday, January 22nd. Finally, Citigroup boosted their price objective on shares of Netflix from $725.00 to $920.00 and gave the company a “neutral” rating in a research report on Thursday, December 5th. Ten research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,021.70.

Insiders Place Their Bets

In other news, CFO Spencer Adam Neumann sold 433 shares of Netflix stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $772.10, for a total transaction of $334,319.30. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Timothy M. Haley sold 647 shares of Netflix stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $800.19, for a total transaction of $517,722.93. The disclosure for this sale can be found here. Insiders have sold a total of 246,710 shares of company stock valued at $233,561,836 in the last 90 days. 1.76% of the stock is owned by insiders.

Netflix Price Performance

Shares of NASDAQ NFLX opened at $999.89 on Tuesday. 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 firm has a market cap of $427.71 billion, a PE ratio of 50.05, a PEG ratio of 2.02 and a beta of 1.27. Netflix, Inc. has a one year low of $542.01 and a one year high of $999.00. The firm has a fifty day moving average of $904.67 and a 200 day moving average of $779.53.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.20 by $0.07. The company had revenue of $10.25 billion for the quarter, compared to analysts’ expectations of $10.14 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. Netflix’s revenue was up 16.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.11 EPS. As a group, research analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal 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.