Global Wealth Strategies & Associates Acquires 30 Shares of Netflix, Inc. (NASDAQ:NFLX)

Global Wealth Strategies & Associates lifted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 30.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 128 shares of the Internet television network’s stock after purchasing an additional 30 shares during the quarter. Global Wealth Strategies & Associates’ holdings in Netflix were worth $114,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. State Street Corp grew its position in Netflix by 2.6% during the third quarter. State Street Corp now owns 16,951,347 shares of the Internet television network’s stock worth $12,023,082,000 after buying an additional 426,740 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Netflix by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 9,148,356 shares of the Internet television network’s stock worth $6,464,736,000 after purchasing an additional 123,029 shares in the last quarter. Jennison Associates LLC increased its position in shares of Netflix by 4.7% in the third quarter. Jennison Associates LLC now owns 6,990,874 shares of the Internet television network’s stock worth $4,958,417,000 after purchasing an additional 316,594 shares during the period. International Assets Investment Management LLC increased its position in shares of Netflix by 116,620.0% in the third quarter. International Assets Investment Management LLC now owns 5,753,129 shares of the Internet television network’s stock worth $4,080,522,000 after purchasing an additional 5,748,200 shares during the period. Finally, Wellington Management Group LLP raised its stake in Netflix by 0.5% in the third quarter. Wellington Management Group LLP now owns 4,897,389 shares of the Internet television network’s stock valued at $3,473,571,000 after purchasing an additional 23,702 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Netflix Trading Down 0.8 %

NASDAQ NFLX traded down $6.93 during trading hours on Thursday, hitting $884.39. 1,351,491 shares of the company’s stock were exchanged, compared to its average volume of 3,583,552. The firm has a market cap of $378.04 billion, a price-to-earnings ratio of 50.05, a PEG ratio of 1.77 and a beta of 1.27. The stock has a 50-day simple moving average of $861.40 and a 200 day simple moving average of $743.72. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. Netflix, Inc. has a 1-year low of $465.77 and a 1-year high of $941.75.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, topping the consensus estimate of $5.09 by $0.31. Netflix had a net margin of 20.70% and a return on equity of 35.86%. The company had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.77 billion. On average, equities analysts forecast that Netflix, Inc. will post 19.78 EPS for the current fiscal year.

Insider Buying and Selling at Netflix

In other news, Director Timothy M. Haley sold 11,090 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $757.96, for a total transaction of $8,405,776.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Gregory K. Peters sold 4,186 shares of the company’s stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $750.00, for a total value of $3,139,500.00. Following the transaction, the chief executive officer now directly owns 13,090 shares in the company, valued at $9,817,500. The trade was a 24.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 114,893 shares of company stock valued at $93,859,830. Corporate insiders own 1.76% of the company’s stock.

Analyst Upgrades and Downgrades

NFLX has been the topic of several recent analyst reports. Benchmark reissued a “sell” rating and issued a $545.00 target price on shares of Netflix in a report on Tuesday, October 15th. Citigroup lifted their price objective on shares of Netflix from $725.00 to $920.00 and gave the company a “neutral” rating in a research note on Thursday, December 5th. StockNews.com upgraded Netflix from a “hold” rating to a “buy” rating in a research note on Saturday, December 21st. Rosenblatt Securities raised their target price on Netflix from $635.00 to $680.00 and gave the company a “neutral” rating in a report on Friday, October 18th. Finally, Piper Sandler reissued an “overweight” rating and set a $840.00 price target (up previously from $800.00) on shares of Netflix in a report on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-four have issued a buy rating to the stock. According to MarketBeat, Netflix presently has a consensus rating of “Moderate Buy” and a consensus target price of $807.70.

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.