Netflix, Inc. (NASDAQ:NFLX) Position Increased by GC Wealth Management RIA LLC

GC Wealth Management RIA LLC raised its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 16.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 798 shares of the Internet television network’s stock after buying an additional 112 shares during the period. GC Wealth Management RIA LLC’s holdings in Netflix were worth $711,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of NFLX. RPg Family Wealth Advisory LLC bought a new position in Netflix during the third quarter valued at about $25,000. Pathway Financial Advisers LLC raised its holdings in Netflix by 82.4% during the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network’s stock valued at $27,000 after buying an additional 14 shares in the last quarter. Newton One Investments LLC bought a new position in Netflix during the fourth quarter valued at about $34,000. MidAtlantic Capital Management Inc. bought a new position in Netflix during the third quarter valued at about $37,000. Finally, Pineridge Advisors LLC raised its holdings in Netflix by 4,000.0% during the fourth quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network’s stock valued at $37,000 after buying an additional 40 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft raised their target price on Netflix from $650.00 to $875.00 and gave the company a “hold” rating in a report on Wednesday, January 22nd. Barclays upgraded Netflix from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $715.00 to $900.00 in a research note on Wednesday, January 22nd. StockNews.com lowered Netflix from a “buy” rating to a “hold” rating in a research note on Tuesday, February 4th. Arete Research upgraded Netflix to a “hold” rating in a research note on Thursday, January 23rd. Finally, Bank of America lifted their price objective on Netflix from $1,000.00 to $1,175.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Ten investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Netflix currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,014.26.

Insiders Place Their Bets

In other Netflix news, Chairman Reed Hastings sold 30,485 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $981.92, for a total transaction of $29,933,831.20. Following the transaction, the chairman now owns 394 shares of the company’s stock, valued at $386,876.48. The trade was a 98.72 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Jeffrey William Karbowski sold 160 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $1,000.00, for a total value of $160,000.00. The disclosure for this sale can be found here. Insiders have sold 288,103 shares of company stock valued at $279,142,041 in the last 90 days. 1.76% of the stock is currently owned by insiders.

Netflix Price Performance

Shares of NASDAQ NFLX opened at $895.10 on Wednesday. The firm has a market cap of $382.89 billion, a PE ratio of 45.14, a PEG ratio of 2.12 and a beta of 1.38. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. Netflix, Inc. has a 1-year low of $542.01 and a 1-year high of $1,064.50. The company has a fifty day moving average price of $949.66 and a 200 day moving average price of $845.26.

Netflix (NASDAQ:NFLX) last released its 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 business had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10.14 billion. During the same quarter in the previous year, the business earned $2.11 earnings per share. Netflix’s quarterly revenue was up 16.0% on a year-over-year basis. Research analysts predict that Netflix, Inc. will post 24.58 earnings per share 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.