Netflix, Inc. (NASDAQ:NFLX) Stock Holdings Lifted by Global Wealth Management Investment Advisory Inc.

Global Wealth Management Investment Advisory Inc. increased its holdings in Netflix, Inc. (NASDAQ:NFLX) by 5.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 3,061 shares of the Internet television network’s stock after buying an additional 161 shares during the period. Global Wealth Management Investment Advisory Inc.’s holdings in Netflix were worth $2,728,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of NFLX. AMF Tjanstepension AB boosted its holdings in shares of Netflix by 7.4% during the third quarter. AMF Tjanstepension AB now owns 68,460 shares of the Internet television network’s stock valued at $48,557,000 after acquiring an additional 4,701 shares during the period. Westend Capital Management LLC grew its position in Netflix by 0.6% in the 3rd quarter. Westend Capital Management LLC now owns 13,564 shares of the Internet television network’s stock worth $9,621,000 after purchasing an additional 82 shares during the last quarter. Retirement Planning Group LLC acquired a new stake in shares of Netflix in the third quarter valued at approximately $1,269,000. Exchange Traded Concepts LLC raised its holdings in shares of Netflix by 548.3% during the third quarter. Exchange Traded Concepts LLC now owns 17,019 shares of the Internet television network’s stock valued at $12,071,000 after buying an additional 14,394 shares during the last quarter. Finally, CHICAGO TRUST Co NA boosted its position in shares of Netflix by 25.8% during the third quarter. CHICAGO TRUST Co NA now owns 1,003 shares of the Internet television network’s stock worth $711,000 after buying an additional 206 shares during the period. Institutional investors own 80.93% of the company’s stock.

Insider Buying and Selling

In other news, Director Richard N. Barton sold 6,364 shares of Netflix stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $879.38, for a total value of $5,596,374.32. Following the transaction, the director now directly owns 246 shares in the company, valued at approximately $216,327.48. The trade was a 96.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Anne M. Sweeney sold 589 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $880.00, for a total value of $518,320.00. The disclosure for this sale can be found here. Insiders have sold 298,870 shares of company stock worth $285,287,314 in the last quarter. 1.76% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Barclays upgraded Netflix from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $715.00 to $900.00 in a research report on Wednesday, January 22nd. Robert W. Baird increased their target price on shares of Netflix from $875.00 to $1,200.00 and gave the company an “outperform” rating in a research report on Wednesday, January 22nd. Phillip Securities downgraded shares of Netflix from a “hold” rating to a “moderate sell” rating in a research report on Friday, January 24th. Citigroup boosted their target price on Netflix from $725.00 to $920.00 and gave the stock a “neutral” rating in a report on Thursday, December 5th. Finally, StockNews.com lowered Netflix from a “buy” rating to a “hold” rating in a research note on Tuesday, February 4th. Ten investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.70.

Netflix Stock Performance

NFLX opened at $1,013.93 on Monday. The stock has a 50-day moving average of $917.36 and a 200-day moving average of $791.20. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. Netflix, Inc. has a 52-week low of $542.01 and a 52-week high of $1,027.76. The company has a market cap of $433.72 billion, a PE ratio of 51.13, a price-to-earnings-growth ratio of 2.11 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last announced 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 company had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10.14 billion. During the same quarter last year, the company posted $2.11 earnings per share. The company’s revenue for the quarter was up 16.0% compared to the same quarter last year. As a group, equities research analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current fiscal 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.