Moss Adams Wealth Advisors LLC Raises Position in Netflix, Inc. (NASDAQ:NFLX)

Moss Adams Wealth Advisors LLC lifted its position in Netflix, Inc. (NASDAQ:NFLX) by 6.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,172 shares of the Internet television network’s stock after acquiring an additional 76 shares during the period. Moss Adams Wealth Advisors LLC’s holdings in Netflix were worth $1,045,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in NFLX. RPg Family Wealth Advisory LLC bought a new position in Netflix in the 3rd quarter valued at approximately $25,000. E Fund Management Hong Kong Co. Ltd. raised its stake in shares of Netflix by 700.0% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after purchasing an additional 42 shares during the last quarter. MidAtlantic Capital Management Inc. bought a new position in shares of Netflix during the third quarter valued at $37,000. FSA Wealth Management LLC purchased a new stake in shares of Netflix during the third quarter valued at $38,000. Finally, First Personal Financial Services bought a new stake in Netflix in the 3rd quarter worth about $40,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Trading Up 1.9 %

Shares of NFLX opened at $858.10 on Friday. Netflix, Inc. has a 1 year low of $476.06 and a 1 year high of $941.75. The company has a 50 day simple moving average of $884.58 and a two-hundred day simple moving average of $758.48. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a market cap of $366.80 billion, a P/E ratio of 48.56, a price-to-earnings-growth ratio of 1.35 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $9.77 billion. On average, equities analysts expect that Netflix, Inc. will post 19.78 earnings per share for the current fiscal year.

Insider Transactions at Netflix

In other news, Director Anne M. Sweeney sold 589 shares of the business’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $880.00, for a total value of $518,320.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Richard N. Barton sold 5,698 shares of the company’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $756.00, for a total transaction of $4,307,688.00. Following the sale, the director now owns 246 shares in the company, valued at $185,976. This represents a 95.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 152,198 shares of company stock valued at $127,616,898. 1.76% of the stock is currently owned by insiders.

Analysts Set New Price Targets

NFLX has been the topic of a number of recent analyst reports. Wolfe Research reaffirmed an “outperform” rating on shares of Netflix in a report on Friday, October 18th. Wedbush restated an “outperform” rating and issued a $950.00 target price (up previously from $800.00) on shares of Netflix in a report on Monday, November 18th. TD Cowen lifted their target price on shares of Netflix from $820.00 to $835.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. KeyCorp increased their price target on Netflix from $760.00 to $785.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Finally, Argus lifted their price objective on Netflix from $840.00 to $1,040.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Netflix currently has an average rating of “Moderate Buy” and a consensus target price of $845.06.

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.