ESG Planning Acquires New Position in Netflix, Inc. (NASDAQ:NFLX)

ESG Planning bought a new position in Netflix, Inc. (NASDAQ:NFLX) in the fourth quarter, Holdings Channel reports. The institutional investor bought 500 shares of the Internet television network’s stock, valued at approximately $243,000. Netflix makes up about 0.3% of ESG Planning’s holdings, making the stock its 16th biggest position.

A number of other hedge funds also recently bought and sold shares of NFLX. Regent Peak Wealth Advisors LLC lifted its holdings in shares of Netflix by 1.6% during the fourth quarter. Regent Peak Wealth Advisors LLC now owns 1,304 shares of the Internet television network’s stock valued at $635,000 after purchasing an additional 21 shares in the last quarter. Centurion Wealth Management LLC lifted its holdings in Netflix by 2.4% in the fourth quarter. Centurion Wealth Management LLC now owns 984 shares of the Internet television network’s stock valued at $479,000 after acquiring an additional 23 shares during the period. Secure Asset Management LLC lifted its holdings in Netflix by 2.7% in the fourth quarter. Secure Asset Management LLC now owns 903 shares of the Internet television network’s stock valued at $440,000 after acquiring an additional 24 shares during the period. Gordian Capital Singapore Pte Ltd lifted its holdings in Netflix by 0.3% in the second quarter. Gordian Capital Singapore Pte Ltd now owns 9,821 shares of the Internet television network’s stock valued at $4,326,000 after acquiring an additional 25 shares during the period. Finally, Key Financial Inc lifted its holdings in Netflix by 14.4% in the third quarter. Key Financial Inc now owns 199 shares of the Internet television network’s stock valued at $75,000 after acquiring an additional 25 shares during the period. Institutional investors own 80.93% of the company’s stock.

Insider Activity

In other news, CEO Theodore A. Sarandos sold 68,957 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $561.33, for a total value of $38,707,632.81. Following the completion of the sale, the chief executive officer now directly owns 1,278 shares of the company’s stock, valued at approximately $717,379.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Ann Mather sold 3,673 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $600.00, for a total value of $2,203,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Theodore A. Sarandos sold 68,957 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $561.33, for a total value of $38,707,632.81. Following the completion of the sale, the chief executive officer now directly owns 1,278 shares of the company’s stock, valued at $717,379.74. The disclosure for this sale can be found here. Insiders sold 268,335 shares of company stock valued at $151,619,811 in the last ninety days. Insiders own 2.45% of the company’s stock.

Netflix Price Performance

NASDAQ NFLX traded up $5.31 during trading on Thursday, hitting $619.00. 962,010 shares of the stock traded hands, compared to its average volume of 4,194,158. The company has a market capitalization of $267.88 billion, a P/E ratio of 51.01, a price-to-earnings-growth ratio of 1.67 and a beta of 1.22. The firm has a 50-day simple moving average of $604.73 and a 200-day simple moving average of $511.17. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.69. Netflix, Inc. has a 12-month low of $315.62 and a 12-month high of $639.00.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Tuesday, January 23rd. The Internet television network reported $2.11 earnings per share for the quarter, missing the consensus estimate of $2.20 by ($0.09). The firm had revenue of $8.83 billion for the quarter, compared to analysts’ expectations of $8.72 billion. Netflix had a net margin of 16.04% and a return on equity of 24.76%. The business’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.12 EPS. As a group, analysts predict that Netflix, Inc. will post 17.05 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have weighed in on NFLX shares. Piper Sandler increased their target price on Netflix from $550.00 to $600.00 and gave the company a “neutral” rating in a report on Friday, April 12th. KeyCorp increased their target price on Netflix from $580.00 to $705.00 and gave the company an “overweight” rating in a report on Wednesday, March 20th. UBS Group increased their target price on Netflix from $570.00 to $685.00 and gave the company a “buy” rating in a report on Tuesday, February 27th. BMO Capital Markets reissued an “outperform” rating and issued a $713.00 target price (up previously from $638.00) on shares of Netflix in a report on Wednesday. Finally, Evercore ISI raised their price objective on Netflix from $600.00 to $640.00 and gave the stock an “outperform” rating in a research note on Thursday, March 14th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twenty-three have given a buy rating to the stock. According to MarketBeat, Netflix presently has an average rating of “Moderate Buy” and an average price target of $614.75.

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.